HPI: Difference between revisions
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=== Definition === | === Definition === | ||
The HPI indicator calculates the Herrick Payoff Index that is used to analyze futures and options. | |||
The Herrick Payoff Index is a technical analysis tool that is used to confirm price trends or reversals in derivatives markets using price and volume information to track money flows. Traders often use the indicator as a measure of crowd psychology and to follow money flows in order to make forward-looking decisions. | |||
<div style="background-color: #E3FBE5;">'''Note:''' Since this indicator uses Open Interest data, it can be used with daily data for futures and options only. </div> | |||
=== Default Inputs=== | === Default Inputs=== |