Variable List Abbreviation: OpnIntWgtMvAvg
Variable Mode(s): Stock and Futures1
[ Note: appears in indicator list only after open interest selected ]
Parameter(s): OpnIntWgtMvAvg time periods
Description:
A weighted moving average of price over the last n (time periods) time periods in which the price of time periods with high open interest contributes more than the price of time periods with low open interest.
Calculation:
sum over n time periods of ( open interest * close )
sum over n time periods of ( open interest )
