On Balance Put+Call Volume


On Balance Put+Call Volume

Variable List Abbreviation: OBPt+ClVol


Variable Mode(s): Futures2

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


Parameter(s): OBPt+ClVol time periods



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