On Balance Call Volume


On Balance Call Volume

Variable List Abbreviation: OBCallVol


Variable Mode(s): Futures2

[ Note: appears in indicator list only after call volume selected ]


Parameter(s): OBCallVol time periods



Total over n (time periods) time periods of call volume added for time periods with an increasing close and subtracted for time periods with a decreasing close.  The On Balance trend may be useful for confirming price movement or detecting price reversal.