Variable List Abbreviation: VarAcc/Dist-Pt+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/Dist-Pt+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 (high-low = 0) for any time period then zero is used in above summation
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