William's Variable Accum/Dist - Put Volume

William's Variable Accum/Dist - Put Volume

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William's Variable Accum/Dist - Put Volume

Variable List Abbreviation: VarAcc/Dist-PutVol

 

Variable Mode(s): Futures2

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

 

Parameter(s): VarAcc/Dist-PutVol time periods

 

Description:

Sum of weighted put volumes where each time period the put volume 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 volume * (close - open)

                 ( high - low )

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