As a trader, it is important to identify the market direction and range to trade effectively. Open Interest data is something that helps you do both.
With the new update on the Strategy Builder, you can view the Open Interest Charts right on the payoff graph!
To enable the feature, you just have to go to the Strategy Builder and follow these steps:
Now you need not switch tabs between Open Interest & Strategy Builder to check the same!
You can customize the OI that you see on the builder to your preference:
- Change the expires to include a single expiry or multiple expiries
- Change the graph to show Open Interest or Change in Open Interest
Check out this amazing feature now!
Update: You can also see the Open Interest overlay on the mobile app. You just have to open Strategy Builder and add a trade.
We introduced OI overlay on the Builder pay-off graph as we think it will be helpful. Do let us know your views on it. If you have any suggestions or feedback, comment below!