The Herrick Payoff Index is designed to show the amount of money flowing into or out of a futures contract. The Index uses open interest during. The Herrick Payoff Index (HPI) was authored by John Herrick. The HPI is used to analyze futures and commodities. One input parameter called value of one. What is Herrick Payoff Index? This is a commodity trading tool, useful for the early spotting of changes in price trend direction.

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Lily Rios Gracias por el indicador, tengo una pregunta necesito programar un screener de valores que e What is Dragonfly Doji: Bullish Reversal, Bearish Reversal pattern? For example, if gold futures appear to successfully test the April highs just above for continuous futureswhile the HPI continues to fall, gold traders should be on guard for a possible correction back to lower levels.

Herrick Payoff Index

The formula is quite complex see below and to my knowledge is currently only available in MetaStock software. Past performance is not necessarily an indication of future performance. The unfortunate turn of recent events in the stock market could be creating at least a modest flood By February 11, the daily HPI not shown indicated the rally in crude oil had resumed.


In the second part of this article I will look at some further examples of the HPI. Renko Bricks with Volumes renko scalping volume volumes. What is Piercing Line: Bibliography About the Author.

The Herrick Payoff Index requires two inputs, a smoothing factor known as the “multiplying factor” and the “value of a one cent move. Please enable JavaScript to view this page content properly. You can also check our ” privacy policy ” page for more information.

Herrick Payoff Index: What is Herrick Payoff Index? Technicals Glossary, Meaning, Definition

Each investor must make their own judgement about the appropriateness of trading a financial instrument to their own financial, fiscal and legal situation. The Herrick Payoff Index is an excellent technical analysis tool using volume and open interest to confirm price movement and warn of potential reversals.

Nicolas ok, but 1. This is the period on indexx weekly chart that I noted previously where the weekly formed a slight negative divergence. Bear and Bull volume indicator volume volumes Wyckoff. The Herrick Payoff Index, on the other hand, began moving down at the beginning of March and, but for a short upswing near the beginning of April, has been declining ever since.

The Herrick Payoff Index is designed to show the amount of money flowing into or out of a futures contract.

What is Three White Soldiers: The prism through which I want to look at three precious metals futures contracts the continuous contracts for silver, platinum and gold is hedrick Herrick Payoff Index.


The Payoff Index is best used to distinguish trends that are destined to continue from those that will most likely be short-lived.

Herrick Payoff Index Technical Indicator

Please, can you provide latest code version of this indicator without Like the silver futures, platinum futures moved more or less in tandem with their Herrick Payoff Index indicator: In part, this is because the continuous gold futures contract is not trending very much, and has the typical spiky “EKG-look” of other volatile commodities.

PRC is also now on YouTube, subscribe to our channel for exclusive content and tutorials. Developed, appropriately enough, by John Herrick, the Herrick Payoff Index “HPI” in some drop-down indicator menus is essentially a money flow indicator for futures contracts.

What is Bullish Engulfing: What is Three Stars in the South: With stocks up significantly on the day the Nasdaq was up more than 3. In yet another bearish divergence, crude oil prices made new highs, yet the HPI indicator failed to confirm the price action, making a lower high. Bullish Reversal, Bearish Reversal? Charting the Stock Market: