On Balance Open Interest


On Balance Open Interest

Variable List Abbreviation: OBOpnInt


Variable Mode(s): Standard and Futures1

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


Parameter(s): OBOpnInt time periods



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.