Resistance to Declines - Open Interest

Resistance to Declines - Open Interest

Top 

Resistance to Declines - Open Interest

Variable List Abbreviation: DecResist-OpnInt

 

Variable Mode(s): Stock and Futures1

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

 

Parameter(s): DecResist-OpnInt time periods

 

Description:

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

 

Calculation:

For n (time periods) time periods

Average open interest on close down time periods

Average price change magnitude on close down time periods