Open Interest

Helenqu

Established member
Messages
841
Likes
3
Hi all,

Does anyone use this as part of their normal set up? I've been looking at it on 10 min STOXX charts today and re-reading the JJM section on it. But I keep asking people and I can't find anyone who seems to use it for trading.

So I'd love to know if you tried it, use it, hate it , anything in fact :)



Cheers
 

options

Senior member
Messages
2,374
Likes
218
Hi Helen,
Yes, I occasionally use open interest.
If you reference a spike with a high or low bar, it can give confirmation of a change of direction.
Pity it is not colour coded on sierra charts or you could make more use of it, and at present is not a very good indicator of that direction. (sorry to be so ambiguous)
A much better indicator is the true volume indicator.

Options.
 
Top
AdBlock Detected

We get it, advertisements are annoying!

But it's thanks to our sponsors that access to Trade2Win remains free for all. By viewing our ads you help us pay our bills, so please support the site and disable your AdBlocker.

I've Disabled AdBlock    No Thanks