Support Board
Date/Time: Sat, 30 Nov 2024 00:41:05 +0000
Post From: docs for Open Interest wrong/flipped for descriptions of daily Historical vs IntraDay
| [2022-12-22 02:53:30] |
| uM8137 - Posts: 183 |
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SC Version 2439, Denali data feed, symbol ESH23 set to continuous contract, volume rolled. The documentation and the behavior of the Open Interest study is flipped, when comparing an intra-day daily bar (1-0-0) bar setting, with a Historical daily bar. Open Interest currently says: "Open Interest is only available for Historical Daily data type of charts, not Intraday charts. Therefore, the study only makes sense on Historical Daily data type of charts. When used on an Intraday chart, it will give the same values as the Number of Trades study." However the v2439 Open Interest study does the opposite. The historical bar's Open Interest study shows the number of trades. Meanwhile, the intraday daily bar's Open Interest study does work. I would suggest this is actually a good thing, and the documentation should simply be revised to reflect this. I would also suggest that, since this issue took a couple of hours to research of my time, and I've seen many other users share the same confusion[1], that the Historical daily bar's version of the Open Interest study should actually show the open interest, the same way the intraday daily bar currently does. This would save much confusion, and actually present the actual Open Interest data, which is available on a daily basis, when it is labelled as such. The current substitution of total number of trades is quite misleading. [1] being just one example: ES Open Interest on Daily Chart Not Accurate ; there were many other discussions of the same on a traderoom chat. Screenshots, and a chartbook to allow easy reproduction: See posts #5 and #6 of Problem with Open Interest on a Historical Daily Chart direct links: Problem with Open Interest on a Historical Daily Chart | Post: 331618 Problem with Open Interest on a Historical Daily Chart | Post: 331627 Date Time Of Last Edit: 2022-12-22 03:00:21
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