Indicator notes｜$RLC ｜15-minute open interest +5.41%｜Price +39.75%
First, a definition: Open interest (OI) is the total amount of outstanding contracts in the market. It measures the size of contracts, not trading volume.
How to read it: This tracks changes in the number of open contracts. Price movements alone don’t change this figure, so it reflects positions being opened or closed.
Comparing several indicators is more reliable than looking at just one, but even multiple indicators can’t provide a definitive answer.
#RLC
Personal views only; not investment advice.
First, a definition: Open interest (OI) is the total amount of outstanding contracts in the market. It measures the size of contracts, not trading volume.
How to read it: This tracks changes in the number of open contracts. Price movements alone don’t change this figure, so it reflects positions being opened or closed.
Comparing several indicators is more reliable than looking at just one, but even multiple indicators can’t provide a definitive answer.
#RLC
Personal views only; not investment advice.