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.