Herrick Payoff Index

Herrick Payoff Index (HPI) is an index, which shows inflow or outflow of funds from the futures market. The formula was developed by John Herrick and was based on the analysis of price, open interest and trading volume changes.

The indicator view in the chart.

The indicator has the following parameters:

Settings

Period - set the indicator period.

Colors

Buy Color - set the buy color on the histogram.

Sell Color - set the sell color on the histogram.

Drawing
Panel - selection of the indicator location in the chart:

• New panel
• Chart