Resistance Index - Put Volume

Resistance Index - Put Volume

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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

 

Description:

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.