Variable List Abbreviation: OBOpnInt
Variable Mode(s): Standard and Futures1
[ Note: appears in indicator list only after volume selected ]
Parameter(s): OBOpnInt time periods
Description:
Total over n (time periods) time periods of open interest 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.
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