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.