Resistance to Declines - Put+Call Open Interest

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Resistance to Declines - Put+Call Open Interest

Variable List Abbreviation: DecResist-Pt+ClOpnInt

 

Variable Mode(s): Futures2

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

 

Parameter(s): DecResist-Pt+ClOpnInt time periods

 

Description:

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

 

Calculation:

For n (time periods) time periods

Average put & call open interest sum on close down time periods

Average price change magnitude on close down time periods