Variable List Abbreviation: VarAcc/DistPt+ClOpnInt
Variable Mode(s): Futures2
[ Note: appears in indicator list only after open, high, low, put open interest, and call open interest selected ]
Parameter(s): VarAcc/DistPt+ClOpnInt time periods
Description:
Sum of weighted put & call open interests where each time period the put & call open interest is weighted by the distance between the opening and closing price relative to the total time period range. The weighting effectively gives a large weight to time periods in which the open and close are dramatically different ( a possible upward or downward trend ). A close above the open results in a positive weight, while a close below the open results in a negative weight.
Calculation:
Sum over n (time periods) time periods of
put & call open interest sum * (close  open)
( high  low )
Notes: if (highlow = 0) for any time period then zero is used in above summation
