Open Interest Analysis

Add this indicator with a period of 1 to see the open interest for futures and options contracts. The open interest may be displayed as a line or a histogram. Specify a period greater than one to see a smoothed open interest line or histogram.

Presentation

openInt

Above is a condensed Daily Line Chart of a British Pound Future (BP1600). The histogram in the lower window pane represents the moving average of the open interest, based on the preferences below. 

Formula

openIntPrefs

  • MA Type -Type of moving average to apply to the open interest.
  • Period -Period used for the moving average of the open interest. (use a period of 1 for raw OI)
  • Draw Type -Choice between drawing a line or histogram.
  • Volume Histogram Color -Color used for histogram or line in the chart.
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