PROTECTED SOURCE SCRIPT
Updated Future OI Analysis
This indicator appears to be a Futures Open Interest (OI) Analysis Tool designed to help traders understand market sentiment (long/short bias), cost of carry dynamics, and rollover behaviour. Below is a comprehensive description along with the formulas used:
To analyze futures market trends using:
Price change
Open Interest (OI) data
Cost of Carry (COC)
Rollover percentage
Column Breakdown and Formulas:
Date : Trading date.
Close : Close price of the spot on that day.
OI Cur (Current Open Interest) : Total open interest of the current (near) month contract.
OI Next (Next Month Open Interest) : Open interest of the next month contract.
COI (Cumulative Open Interest) : OI Cur + OI Next
COI Chg = ((Current COI - Previous COI) / Previous COI) × 100
Price Cng = ((Current Close - Previous Close) / Previous Close) × 100
OI BuildUP (Interpreted sentiment based on price & OI change):
Long Buildup : Price ↑ & OI ↑
Short Buildup : Price ↓ & OI ↑
Short Covering : Price ↑ & OI ↓
Long Unwinding : Price ↓ & OI ↓
To analyze futures market trends using:
Price change
Open Interest (OI) data
Cost of Carry (COC)
Rollover percentage
Column Breakdown and Formulas:
Date : Trading date.
Close : Close price of the spot on that day.
OI Cur (Current Open Interest) : Total open interest of the current (near) month contract.
OI Next (Next Month Open Interest) : Open interest of the next month contract.
COI (Cumulative Open Interest) : OI Cur + OI Next
COI Chg = ((Current COI - Previous COI) / Previous COI) × 100
Price Cng = ((Current Close - Previous Close) / Previous Close) × 100
OI BuildUP (Interpreted sentiment based on price & OI change):
Long Buildup : Price ↑ & OI ↑
Short Buildup : Price ↓ & OI ↑
Short Covering : Price ↑ & OI ↓
Long Unwinding : Price ↓ & OI ↓
Release Notes
Add a toggle button to show or hide columns and include a drop-down menu to select the table size.Release Notes
Introduce option to select how many days data you need Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.