Herrick Payoff Index

Discussion in 'Technical Analysis' started by rognvald, Dec 7, 2003.

  1. rognvald


    Has anyone used this in trading Index futures please?
    I am looking to find a method to incorporate volume and open interest into my TA and this appears to be the only indicator available.
    I have a calculation for it - got it on
    If anyone does use it then how have they dealt with the "value of a one cent move" factor - I am UK based and will probably use it on European Indices
    Any help, pointers/advice/comment would be appreciated