Open curiosity ( obligations) is the entire volume of active contracts (futures, options) that have not yet been settled. from MetaTrader 5, open curiosity is displayed as ” Current Liabilities “on the” Details “tab in the” industry Overview ” window, but isn’t accessible as an index. This product permits you to show open interest in the form of a candle graph to all trading instruments for which it is broadcast in MetaTrader 5.
If for some reason data was not received from the server, then there may be gaps in the indicator’s candlestick chart.
In the standard delivery of the indicator for coloring open interest candles, the following rules are accepted::
The colors of the candles can be changed in the standard “Settings” window of the indicator.
Open interest is the volume of existing contracts, the calculation of which has not yet been made. Its change up or down allows you to determine the degree of activity of market participants. This is the value of open interest as a predictive tool.
In the books” Secrets of trading in the futures market “by Larry Williams and” How to play and win on the stock exchange ” by Alexander Elder, the principle of using open interest is described in sufficient detail.