Price Trend - Put Open Interest

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Price Trend - Put Open Interest

Variable List Abbreviation: PriceTrend-PutOpnInt

 

Variable Mode(s): Futures2

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

 

Parameter(s): PriceTrend-PutOpnInt time periods

 

Description:

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

 

Calculation:

Sum over n (time periods) time periods of

put open interest * (close - previous close)