OI Analyzer combines two market indicators Bid/Ask and Open Interest. Each of these indicators is a very powerful instrument for market analysis, but when used together, they create a unique indicator that allows you to see the volume of opening / closing positions of buyers and sellers separately in certain price zones.
View of the indicator on the chart:
* The indicator works only for futures on the Russian market, Binance and Bybit exchanges. OI instrument data is not shown online in other cases.
THE INDICATOR WORKS ONLY ON THE CURRENT DAY, THIS IS DONE TO OPTIMIZE THE LOAD ON THE SERVER
To add and set up the indicator, open the Indicator settings window.
Custom diapason
Enabled - enable/disable custom diapason of values for the indicator changes on the chart.
Range - range setting for maximum and minimum values.
Calculation
Mode - select the mode of displaying market participants (sells/ buys). The OIA can display the actions of either market buyers or market sellers.
Calculation mode:
Cumulative trades: in this case, the calculation is done taking into account the change in the OI of those market transactions that took place in the tape, and the direction is determined by the difference in the change of open interest: up or down.
Separated trades: in this case, the real change in open interest is taken into account separately for ask and bid trades. Both market orders and limit orders matched with them are also considered.
Cumulative mode - enable the display of OIA as a candlestick chart, when this option is disabled, OIA is displayed as a histogram.
Clusters mode - OIA display in cluster mode.
Grid
Grid step - the distance between the nearest grid levels in the indicator window.
Line - set the color, style and thickness of the OIA chart.
Visualization
Show current value
Bearish color - select the color of up bars.
Bullish color - select the color of down bars.
Drawing
Panel - select the panel where the indicator is displayed.
Show description - display the name of the indicator.
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