How do I use the Open interest indicator?
What's Open interest (OI) indicator?
The Open Interest (OI) indicator provides a visual representation of the total value of open long and short positions for a specific futures trading pair, enabling traders to analyze market activity and sentiment.
Open interest indicator serves as a gauge of market activity. When open interest is minimal or absent, it indicates either the absence of initial positions or the closure of most positions. Conversely, elevated open interest suggests numerous outstanding contracts, prompting close observation from market participants.
The display of Open interest (OI) indicator
How do I turn on the OI indicators for trading?
When trading futures, head over to the Indicators option on the top menu above the chart and select it
Select the Indicators option to load the indicator settings page
Indicator settings pop-up page will appear, select sub-chart indicators option on the top menu
Check the box of the trading data indicators for the OI
Select Open interest (OI) indicator and set your preference on the details before proceeding
Learn more on how you can explore the chart trading layout here.