What is Open Interest Indicator?

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• How does the Open Interest Indicator work on FYERS charts?

  On FYERS charts, the Open Interest (OI) Indicator is depicted through two key lines: the blue line representing the current Open Interest and the black line showing the 20-day Simple Moving Average (SMA) of OI. This setup helps traders to observe not ...

• Can I customize the Open Interest Indicator on FYERS Charts?

  Yes, the Open Interest Indicator on FYERS Charts offers robust customization options to suit various trading strategies. Traders can choose between different types of moving averages, such as the Simple Moving Average (SMA) and the Exponential Moving ...

• Is the Open Interest Indicator applicable to all types of charts on FYERS?

  No, the Open Interest (OI) Indicator is specifically designed for use on Futures and Options charts on FYERS. It is not applicable to regular stock trading or main index charts. This is because OI tracks the number of open contracts in the ...

• Why is the Open Interest Indicator crucial for my trading strategy on FYERS?

  The Open Interest (OI) Indicator is crucial for any trading strategy on FYERS, particularly for those trading in futures and options, because it offers multiple layers of insight into market dynamics. Here’s why it’s essential: Market Strength and ...

• What are the implications of abnormally high Open Interest on FYERS charts?

  Abnormally high Open Interest on FYERS charts can be a significant indicator of increased market leverage and potential volatility. Such conditions often suggest that: High Leverage: A large number of traders have taken positions, which can amplify ...