Quantifies the closure of existing long and short futures positions by analyzing trend alignment between 7-day moving averages of price and open interest (OI) percentage changes, normalized using 90-day z-scores to enable comparison of positioning between the long and short side. See this article for insights into this metric and its use cases.

This is the Point-in-Time (PiT) variant of Position Closures Scaled. PiT metrics are strictly append-only and their history is immutable. The historic data does not necessarily reflect the best current knowledge, but the information at the time when a data point was first computed. PiT metrics are ideal candidates for applications in model backtesting and related quantitative purposes. Read our article on PiT metrics for more information.