On Balance Put Volume

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On Balance Put Volume

Variable List Abbreviation: OBPutVol

 

Variable Mode(s): Futures2

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

 

Parameter(s): OBPutVol time periods

 

Description:

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