OI analyzer

OI Analyzer combines two market indicators Bid/Ask and Open Interest (OI). 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:

Important! This indicator only works for futures on the Russian market, as well as on the Binance and Bybit exchanges. For other instruments, OI data is not transmitted in real-time.

Important! The indicator only operates within the current trading day, which is done to optimize server load.

To add and configure this indicator, you need to 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.   

• Text color - choose the text color for displaying the current value.

Drawing

•    Panel - select the panel where the indicator is displayed.

Other

• Show description - display the name of the indicator.