William's Variable Accum/Dist - Put+Call Volume


William's Variable Accum/Dist - Put+Call Volume

Variable List Abbreviation: VarAcc/Dist-Pt+ClVol


Variable Mode(s): Futures2

[ Note: appears in indicator list only after open, high, low, put volume, and call volume selected ]


Parameter(s): VarAcc/Dist-Pt+ClVol time periods



Sum of weighted put & call volumes where each time period the put & call volumes 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.



Sum over n (time periods) time periods of


put & call volume sum * (close - open)

                                 ( high - low )

Notes:- if (high-low = 0) for any time period then zero is used in above summation