In a move aimed at enhancing tools for derivatives traders, TradingView has integrated intraday open interest data for futures contracts on several major global exchanges. The update provides market participants with more frequent insights into trader positioning throughout the trading day.
The new data streams cover exchanges, including India’s National Stock Exchange (NSE), the Korea Exchange (KRX), the Bombay Stock Exchange (BSE) and Bursa Malaysia, among others. Open interest, a metric representing the total number of active contracts, is a cornerstone of futures analysis, often used to gauge market sentiment and strength behind price trends.
Insights for Trend Confirmation
The shift from end-of-day to intraday data allows traders to observe fluctuations in market participation as they happen. This granular view can help in identifying the confirmation of a trend or spotting early signals of accelerating or waning momentum.
For professionals navigating volatile derivatives markets, this level of detail can be a critical input for strategic decision-making and risk assessment.
Accessing the data requires selecting the Open Interest indicator from the platform’s menu and setting a chart time frame below one day, such as hourly or 15-minute intervals.
As previously reported, TradingView entered the marketplace arena with the launch of a new storefront for premium trading indicators and strategies. Users can now subscribe to tools from well-known creators directly within the TradingView site.
The feature, named “Paid Spaces,” functions as a personalized hub for each creator. Once subscribed, users gain immediate access to all content shared in that space. TradingView manages the entire payment process, eliminating the need for third-party links or complex onboarding steps.
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