Variable List Abbreviation: PosPutVolIndex
Variable Mode(s): Futures2
[ Note: appears in indicator list only after put volume selected ]
Parameter(s): PosPutVolIndex time periods
The sum of the fraction change in price during time periods of increasing put volume. The trend indicates whether prices are increasing of decreasing during time periods of increasing put volume. In theory the wise investors trade during time periods of declining activity, while the unwise investors trade during time periods of increasing activity. Thus the trend should in theory indicate whether the unwise investor is buying or selling.
Running total over n (time periods) time periods of
(close - previous close) / previous close
for put volume up time periods.