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Net Futures OI Change + Price/OI Logic – All Bars
-This indicator shows Net Change in Open Interest of Futures contract, with Open interest built-up with relation to price, specifically made for Indian Markets. Works on Index futures & Stock Futures (even on chart of underlying *if also traded in F&O segment*).
-This indicator only shows Net Futures open interest, as Tradingview only provides Open Interest for Futures contracts (in pinescript) and updates every 3 Minutes (according to the rule of National Stock Exchange)
-Also works on timeframes: 3 Minutes to 1 Month (only on Indian Scrips)
*Can use on other scrips excluding Indian Markets, but it will work only on Daily Timeframe*
Tip: Turn on/off ‘Pane Labels’ under graphic objects from indicator settings to view price relation with Open Interest (small text will appear on histogram bar)
How to Use:
Rise in Price, Rise in OI = Long Built Up
Rise in Price, Slide in OI = Short Covering
Slide in Price, Slide in OI = Short Built Up
Slide in Price, Slide in OI = Long Unwinding
Disclaimer/Warning: This indicator does not provide Buy/Sell signals or nor is an investment advice. This indicator solely for the purpose of study of price and open interest. Users are responsible for their own actions, profit/loss of the users is not the liability of author.
-This indicator only shows Net Futures open interest, as Tradingview only provides Open Interest for Futures contracts (in pinescript) and updates every 3 Minutes (according to the rule of National Stock Exchange)
-Also works on timeframes: 3 Minutes to 1 Month (only on Indian Scrips)
*Can use on other scrips excluding Indian Markets, but it will work only on Daily Timeframe*
Tip: Turn on/off ‘Pane Labels’ under graphic objects from indicator settings to view price relation with Open Interest (small text will appear on histogram bar)
How to Use:
Rise in Price, Rise in OI = Long Built Up
Rise in Price, Slide in OI = Short Covering
Slide in Price, Slide in OI = Short Built Up
Slide in Price, Slide in OI = Long Unwinding
Disclaimer/Warning: This indicator does not provide Buy/Sell signals or nor is an investment advice. This indicator solely for the purpose of study of price and open interest. Users are responsible for their own actions, profit/loss of the users is not the liability of author.
Skrip dilindungi
Skrip ini diterbitkan sebagai sumber tertutup. Akan tetapi, anda boleh menggunakannya secara bebas dan tanpa apa-apa had – ketahui lebih di sini.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Skrip dilindungi
Skrip ini diterbitkan sebagai sumber tertutup. Akan tetapi, anda boleh menggunakannya secara bebas dan tanpa apa-apa had – ketahui lebih di sini.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.