An indicator that displays the change in open interest over a certain period of time.
Open interest is the general number of open positions on the current market. The higher the open interest, the more people are involved in trading the asset.
An increase in open interest provides information about the strength of the current price movement, while a decline warns of weakness.
Indicator settings
Parameters
Name | Description |
Period | Selecting the time interval for which the open interest will be plotted: Bar, Day, Week, Month, All bars. |
Type | Selecting the type of open interest display: Columns, Candles, Line. |
Ticks Type | Possibility of displaying open interest of both buyers and sellers simultaneously, separately buyers, separately sellers (All, Buys, Sells). |
Style
Name | Description |
Up Color | Selecting a color for display of open interest growth. |
Down Color | Selecting a color for display of open interest decline. |
Indicator
Name | Description |
Show Indicator | Enabling or disabling the indicator display on the chart. |
Show Title | Enabling or disabling the indicator name display in the information line. |
Show Values | Enables or disables the indicator value display in the information line. |
Show Markers | Enabling or disabling the indicator markers display on the scale. |
Area | Selection of an area to display the indicator. |