On Balance Put Open Interest


On Balance Put Open Interest

Variable List Abbreviation: OBPutOpnInt


Variable Mode(s): Futures2

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


Parameter(s): OBPutOpnInt time periods



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