Resistance Index - Put+Call Volume

Top 

Resistance Index - Put+Call Volume

Variable List Abbreviation: Resistance-Pt+ClVol

 

Variable Mode(s): Futures2

[ Note: appears in indicator list only after put volume and call volume selected ]

 

Parameter(s): Resistance-Pt+ClVol time periods

 

Description:

Difference between "Resistance to Advances - Put+Call Volume" and "Resistance to Declines - Put+Call Volume".  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.