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OPEN INTEREST ( OI ) for Amibroker (AFL)

1 / 5 (Votes 1)

Open Interest u might be getting in all other Softwares like Metastock, ninjatrader, Falcon or spider.
But now while surfing i got it for Amibroker. So i felt to share with u people.

Conditions ::

1 Condition :

Buying Condition – Open Interest Increase + Price Increase
Selling Condition – Open Interest Decrease + Price Decrease

Short covering Condition – open Interest decrease + Price Increase
Fresh short Condition – Open Interest Increase + Price Decrease

Or

2 Condition :

Short = ATP value decreases or idle but Open interest increases
Buy= ATP value increases + Open interest increases

Term ATP = (AVERAGE TRADING PRICE)

(HAVE A GR8 TIME)!

Here is a screenshot of how the indicator looks:
Open_interest

Similar Formulas

Formula

4 Comments

Thanks for sharing. All Futures traders must have this to be successful.

Hi,

I have attached this to below price chart. No graph is coming. Am i missing something as this refers to OI.

Thanks

3. swaroop

Where is indicator?
It is not appearing…

You must use EOD data ONLY for OI otherwise nothing will be seen as OI historical data needed for calculating the indicator are delivered only EOD and not RT.

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