Resistance Index - Call Open Interest

Resistance Index - Call Open Interest

Top 

Resistance Index - Call Open Interest

Variable List Abbreviation: Resistance-CallOpnInt

 

Variable Mode(s): Futures2

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

 

Parameter(s): Resistance-CallOpnInt time periods

 

Description:

Difference between "Resistance to Advances - Call Open Interest" and "Resistance to Declines - Call Open Interest".  In general, prices tend to rise when the resistance to advances becomes less than the resistance to declines and tend to decline when the resistance to advances becomes greater than the resistance to declines.  Thus the resistance index trend may be useful for predicting the direction and strength of price trends.