Price Trend - Open Interest

Price Trend - Open Interest


Price Trend - Open Interest

Variable List Abbreviation: PriceTrend-OpnInt


Variable Mode(s): Stock and Futures1

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


Parameter(s): PriceTrend-OpnInt time periods



Sum of price changes weighted by open interest.  The weighting causes price changes during times of high open interest to have more significance then price changes during times of low open interest.



Sum over n (time periods) time periods of

open interest * (close - previous close)