Can you please how to read this? I can't understand... Please help
mikhail_marka
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@weskanyx, this indicator shows change of open interest based on previous data of open interest. For example the last bar of OI Crypto is green and has number 136161, that means that open interest since last bar close changed +136161, the same thing if its red but the change would be negative(minus)
mikhail_marka
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@weskanyx, here is some more info about using OI
UnknownUnicorn20492445
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@mikhail_marka, Thanks for sharing your idea.
Although Im still unable to understand it completely..
1.I understood that when open interest and Delta green, More buyers in the market
2.I understood that when open interest increases and Delta is red,More sellers in the market.
But the rest of the part about TEST of sell and buy, Consumption!!!!Test of consumption
I couldn't understand it.
mikhail_marka
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@weskanyx, rising OI means that there were real buys and sells(Delta shows more buys or sells), that means that after test continuation of buys or sells will follow, after test is done and the price made some progress you can expect forcing/consumption of that buys or sells, which means that you can expect test of that action(forcing/consumption) and continuation, its quite simple. When you see that signals you know what to expect
UnknownUnicorn20492445
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@mikhail_marka, Can you give me a live example.. Currently are there any signals?
mikhail_marka
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@weskanyx, just add any delta indicator and OI indicator, every bar with rising OI is a signal)))
UnknownUnicorn20492445
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@mikhail_marka, Which direction will be the continuation after test??
mikhail_marka
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@weskanyx, strange question) If there were buys will be buys) i drew arrows, read my idea carefully