OI Profile Plotting on Charts: Revolutionising F&O Trading on Angel One!
Dear user,
In case you are an Options Trader, it is known to you already how important Open Volumes are in decision-making while trading. For active day traders, or even when opening their positions overnight, OI makes more sense when grasping market action than anything else.
Here, at Angel One, we understand. This is also why we have always offered OI data on the Option Chain as observed. But here’s the confounding part: while you could view the OI at a certain time, there was a missing link as to how it evolved, and tracking OI changes was not available.
And guess what? You told us this feature was a deal breaker and therefore we implemented it. In a bid to make your trading activities worthwhile, all FT Answers OI Profile Plotting on Charts features are now available to all F&O traders on the Angel web app.
Why is OI Profile Plotting a Game-Changer?
This process now allows you to view the Open Interest level on F&O charts to assist in OI profile plotting of your designs and provides you with clear and intricate views of your design’s support and resistance levels. Here is what you will be able to anticipate:
Color-coded Clarity: Call OI Green Lines and Put OI Red Lines – Colors matter, vibrant tone, line shapes matter, color tones being the straight-take, cut-through approach having fun in implementation that works best.
Battles struck the bulls-eye. Whenever any strike is responded to just move the mouse over and put the cursor to see a pop-up for all Call Within and O I level and P O I level all are fully depicted fairly easily and accurately.
Advanced Features to Supercharge Your Trades
Custom Labels: Choose what matters most—OI Change %, LTP, or Volume—and add it right to your chart.
Filtering Options: Focus on the top 5 Calls/Puts or specific data points that matter to you.
Custom Timestamp: Compare historical OI trends with real-time data for precise analysis.
How to Interpret OI Profile on Charts
OI ↑ and Price ↑: Fresh longs are building; the market sentiment is bullish.
OI ↓ and Price ↓: Long positions are unwinding; traders are exiting the market.
OI ↑ and Price ↓: Shorts are building; brace for bearish trends.
OI ↓ and Price ↑: Shorts are unwinding; the market is recovering.
This tool gives you a new dimension to analyze the market, blending OI with price movement and volume to refine your strategies further.
Your Trading Ally
We come to you with good news. The OI Profile feature is now live on the Angel web app. It is on its way to becoming one of the most successful integrations in our ecosystem going forward.
We have other, more exciting features planned for the coming months, so do keep an eye out for them! Let’s make smart decisions, together!
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in securities market are subject to market risks, read all the related documents carefully before investing.