On Balance Put+Call Open Interest

On Balance Put+Call Open Interest

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On Balance Put+Call Open Interest

Variable List Abbreviation: OBPt+ClOpnInt

 

Variable Mode(s): Futures2

[Note: appears in indicator list only after put open interest and call open interest selected]

 

Parameter(s): OBPt+ClOpnInt time periods

 

Description:

Total over n (time periods) time periods of total 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.