V.6:3 (115-118): Payoff index by Thomas E. Aspray

V.6:3 (115-118): Payoff index by Thomas E. Aspray
Item# \V06\C03\PAYOFF.PDF
Availability: In Stock

Product Description

Payoff index by Thomas E. Aspray

In my market analysis, I find the action of the open interest can be very important. Granted in the financial futures it occasionally gives misleading signals, but these are the exception rather than the rule. I use two indicators which incorporate the open interest, the Board Watch Trend Indicator and the Herrick Payoff Index (HPI) developed by John Herrick. I find the HPI is an excellent short- and long-term tool, though my use and interpretation varies from John's.

HPI is simply a mathematical method of measuring the money flowing in or out of a commodity by computing the difference in dollar volume each day. The formula, according to the CompuTrac System Operating Manual, is:

*Note: $2.95-$5.95 Articles are in PDF format only. No hard copy of the article(s) will be delivered. During checkout, click the "Download Now" button to immediately receive your article(s) purchase. STOCKS & COMMODITIES magazine is delivered via mail. After paying for your subscription at store.traders.com users can view the S&C Digital Edition in the subscriber's section on Traders.com.

Take Control of Your Trading.
Professional Traders' Starter Kit
All these items shown below only $299.99!
  • 5-year subscription to Technical Analysis of STOCKS & COMMODITIES, The Traders' magazine. (Shipping outside the US is extra. Washington state addresses require sales tax based on your locale.)
  • 5 year access to S&C Archive
  • 5 year access to S&C Digital Edition
  • 5-year subscription to Traders.com Advantage.
  • 5-year subscription to Working Money.
  • Free book selection.
  • Click Here to Order