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V. 11:5 (226-226): Traders' Tips
V. 11:5 (226-226): Traders' Tips
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TRADERS' TIPS
PERCENT NEW POSITIONS Percent new positions (PNP), which was developed by Don Iglehart of Stanford University, is used with data on a futures contract. It will tell you the percentage of today's volume that represents new positions being put on, as opposed to existing positions being closed out. PNP is expressed as:
...
PERCENT NEW POSITIONS Percent new positions (PNP), which was developed by Don Iglehart of Stanford University, is used with data on a futures contract. It will tell you the percentage of today's volume that represents new positions being put on, as opposed to existing positions being closed out. PNP is expressed as:
...
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