Resistance Index - Put Open Interest

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Resistance Index - Put Open Interest

Variable List Abbreviation: Resistance-PutOpnInt

 

Variable Mode(s): Futures2

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

 

Parameter(s): Resistance-PutOpnInt time periods

 

Description:

Difference between "Resistance to Advances - Put Open Interest" and "Resistance to Declines - Put 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..  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.