Variable List Abbreviation: Resistance-Pt+ClOpnInt
Variable Mode(s): Futures2
[Note: appears in indicator list only after put open interest and call open interest selected]
Parameter(s): Resistance-Pt+ClOpnInt time periods
Difference between "Resistance to Advances - Put+Call Open Interest" and "Resistance to Declines - Put+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.