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An increase in open interest along with an increase in price is said by proponents of technical analysis [4] to confirm an upward trend. Similarly, an increase in open interest along with a decrease in price confirms a downward trend. An increase or decrease in prices while open interest remains flat or declining may indicate a possible trend ...
In technical analysis in finance, a technical indicator is a mathematical calculation based on historic price, volume, or (in the case of futures contracts) open interest information that aims to forecast financial market direction. [1]
Developed by Stephen Klinger, the Klinger Volume Oscillator is used to predict long-term trends of the flow of money while staying responsive enough to be affected by short term fluctuations in volume. [10] The indicator is a function of the trade volume and price trends for a given security, whole output takes the form of an oscillator.
John Murphy states that the principal sources of information available to technicians are price, volume and open interest. [10] Other data, such as indicators and sentiment analysis, are considered secondary. However, many technical analysts reach outside pure technical analysis, combining other market forecast methods with their technical work.
Volume–price trend (VPT) (sometimes price–volume trend) is a technical analysis indicator intended to relate price and volume in the stock market.VPT is based on a running cumulative volume that adds or subtracts a multiple of the percentage change in share price trend and current volume, depending upon the investment's upward or downward movements.
Ease of movement (EMV) [1] is an indicator used in technical analysis to relate an asset's price change to its volume.Ease of Movement was developed by Richard W. Arms, Jr. and highlights the relationship between volume and price changes and is particularly useful for assessing the strength of a trend.
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This ranges from -1 when the close is the low of the day, to +1 when it's the high. For instance if the close is 3/4 the way up the range then CLV is +0.5.