Resistance Index - Put Volume


Resistance Index - Put Volume

Variable List Abbreviation: Resistance-PutVol


Variable Mode(s): Futures2

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


Parameter(s): Resistance-PutVol time periods



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