On Balance Put Volume


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



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.