The Herrick Payoff Index indicates the amount of money flowing into or out of a futures contract. The index uses open interest during its calculations. The Herrick Payoff Index formula used here is from http://www.stator-afm.com/herrick-payoff-index.html. Note that S and C from that definition have been made user parameters that can be changed if needed.
The new study is found under the Custom Studies tab.
Download PAC:
HerrickPayoffIndex.zip
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