A futures trading indicator that analyzes open interest changes and price movements to identify potential long and short build-up scenarios with customizable visualization and trading signals.
Explore complementary indicator rolesHow it works
The indicator tracks changes in open interest and price compared to the previous trading session, creating a visual dashboard to highlight market dynamics. It calculates percentage changes in open interest and price, identifying specific build-up scenarios such as long build-up (positive OI and price change) or short build-up (positive OI and negative price change).
The system plots buy and sell labels on the chart based on predefined conditions, such as open price proximity to session highs or lows. Traders can customize thresholds for OI and price change percentages, allowing for personalized analysis of potential trading opportunities in the futures market.
Why it may be useful
This indicator provides traders with a comprehensive view of market sentiment by combining open interest changes with price movements, offering insights beyond traditional price-only analysis. It helps traders understand the strength of market trends by revealing whether new positions are being opened in alignment with price direction, which can signal potential trend continuation or reversal.
By presenting complex market information in a clear, visual format, the indicator enables traders to quickly assess market dynamics and make more informed trading decisions. The customizable dashboard and label plots allow traders to adapt the tool to their specific trading style and preferences.
When to explore it
The indicator is most effective in futures markets with sufficient liquidity and trading volume, where open interest changes can provide meaningful insights into market sentiment. It works best during trending market conditions where clear build-up scenarios are more likely to emerge, helping traders identify potential entry and exit points.
Traders should use this indicator in conjunction with other technical and fundamental analysis tools to confirm signals and reduce false positives. It is particularly useful for day traders and swing traders who want to understand the underlying market dynamics and potential momentum shifts in futures contracts.
Keep exploring
What we’ve verified
Access, alerts and repainting behaviour have not been independently verified for this indicator. Check the creator’s current publication and settings.
General descriptions and classifications are recovered research. Verified details above identify the specific checks we have completed. Check the creator’s current publication for later changes.
