Resistance to Declines - Call Open Interest

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Resistance to Declines - Call Open Interest

Variable List Abbreviation: DecResist-CallOpnInt

 

Variable Mode(s):   Futures2

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

 

Parameter(s):   DecResist-CallOpnInt time periods

 

Description:

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

 

Calculation:

For n (time periods) time periods

Average call open interest on close down time periods

Average price change magnitude on close down time periods