Resistance to Declines - Put Volume

Top 

Resistance to Declines - Put Volume

Variable List Abbreviation: DecResist-PutVol

 

Variable Mode(s): Futures2

[Note: appears in indicator list only after put volume selected]

 

Parameter(s): DecResist-PutVol time periods

 

Description:

A measure of the amount of put volume per unit decrease in price.

 

Calculation:

For n (time periods) time periods

Average put volume on close down time periods

Average price change magnitude on close down time periods