Can I customise the Open Interest indicator on FYERS Charts?

Can I customise the Open Interest indicator on FYERS Charts?

Yes, FYERS Charts allow you to customise the Open Interest (OI) Indicator to match your trading strategy. You can modify both the type and period of the moving average applied to OI data, giving you more control over how trends are visualised and interpreted.

Customisation options for the open interest indicator

  • Moving average type: Choose between:
    • Simple Moving Average (SMA) – Gives equal weight to all values in the period.
    • Exponential Moving Average (EMA) – Gives more weight to recent data, making it more responsive to price changes.
  • Moving average period: Set the period value according to your preference. The default is 20, but you can increase or decrease it depending on whether you want a broader or more responsive view of open interest trends.

How to customise the OI indicator on FYERS?

  • Log in to FYERS Web or Mobile.
  • Open a chart for any Futures or Options instrument.
  • Click on the Indicators icon (chart toolbar).
  • Search for and select 'Open Interest'.
  • In the settings popup:
    • Choose the 'MA Type' (SMA or EMA).
    • Adjust the 'MA Length' to your preferred value.
  • Click Apply to see changes reflected instantly.

Notes

  • Longer periods (like 50 or 100) smooth out noise and are better for long-term analysis.
  • Shorter periods (like 10 or 14) make the OI indicator more sensitive for short-term trades.
  • You can remove or reset the indicator anytime via the chart’s indicator settings panel.

What if...

ConditionResolution
You can't see the OI line after applyingCheck if the chart timeframe supports OI. Try switching to a Futures symbol or adjust zoom.
Want to compare different MA types side-by-sideAdd a second OI indicator with a different MA setting to the same chart.
Changed period but no visible differenceMay require zooming out or using higher timeframes to see broader trend impact.
Customising the OI indicator helps align market data visualisation with your unique strategy, making your analysis more effective.
Last updated: 30 Jun 2025