On Balance Put+Call Volume

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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

 

Description:

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.