On Balance Put+Call Open Interest


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



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.