Resistance to Advances - Open Interest

Top 

Resistance to Advances - Open Interest

Variable List Abbreviation: AdvResist-OpnInt

 

Variable Mode(s): Stock and Futures1

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

 

Parameter(s): AdvResist-OpnInt time periods

 

Description:

A measure of the amount of open interest per unit increase in price.

 

Calculation:

For n (time periods) time periods

Average open interest on close up time periods

Average price change on close up time periods