Buy CME Daily Bulletin Open Interest MT4

for those who trade on forex and commodities and different instruments they will get the live open interest to sell the contract at the highest level or buy the contract at lowest level with this tool u will also know what will be the trend in the market now and in fifteens minuets to one hour live.............best tool to trade live

 

Daily Bulletin (DB)
the Chicago Mercantile Exchange (CME) generates a separate report for each instrument. In cases where the data is not much, the exchange combines the assets. This report contains a lot of information on futures and options among which we can find the data on the volume for the previous day, open interest (open positions) at the end of the day, and so on.

Our main interest in these reports is open interest by the end of the day on options on futures. It’s time to say a few words about what an option is and what types of options there are. An option is a contract between two parties for the supply of goods at a particular price at any time until a certain date.

For example, we agree that prior to the first day of the following month, if you have such a need, I’ll be obliged to buy from you 2 million EUR for USD at the exchange rate of 1.09, even in the case if the euro will cost less, say 1.03. For this opportunity you pay me a premium and if you didn’t take it, the premium will still stay with me.

 

its a very important indicator which shows you what will be the next movement in the market with open interest.

 

now look at this open interest it will show you the trend at the best time on live chart that the peak is over not only with price also with open interest.

 

this is how i get data for daily open interest which confirms next days trend at the end of the day but if you have live data of open interest on your chart it will be fantastic.

 

https://www.cmegroup.com/trading/en...ude_quotes_volume_voi.html#tradeDate=20200424

this is where you will get the data manually at the end of the day or in between but refresh will be continuous

but the indicator will do it all automatically just the line will tell u the trend

 

sorry

 

i will pay 2 Participants so we get it... how to pay to start... ?

 

first add yourself to the participants list in the first section then you will get option to pay a little later

 

done

 

we only need one more participant to go for it

 

yoggesh are you the author/seller of this indicator?

 

no i am not the author or seller i am one of the users like you
.....tell me how can i help you?

 

I've tried reading with my learning hat on but still haven't got a clue what it's on about. May be because it's too early in the morning.

I am day trader though mainly scalper on Forex. How can this help me with trading say EURUSD to hold the trade for about 15 to 60 minutes?

If someone has the time and energy to explain that with a EURUSD chart I'd be very grateful. Thanks

 

well this piece of software will let u know the exact position of market it will go up or go down with the number of contracts adding and if the price is up you are sure more rise will come but if the price goes down and open interest increase it will also mean buying is happening in contracts similarly if shorts are created market price is increasing open interest will go down simply telling you that more and more sellers are trying to sell at specific rate the contracts and if we talk about going long vice versa

 

Are you able to load it on a currency pair chart and highlight those different areas so I can visualise the chart behavior in those times. Visual is better than text explanation. Thanks Yogesh

 

General Rules for Volume and Open Interest
The basic rules for volume and open interest:



Figure 1: General rules for volume and open interest


Price action increasing during an uptrend and open interest on the rise are interpreted as new money coming into the market. That reflects new buying, which is considered bullish. Now, if the price action is rising and the open interest is on the decline, short sellers covering their positions are causing the rally. Money is, therefore, leaving the marketplace—this is taken as a bearish sign.


If prices are in a downtrend and open interest is on the rise, some chartists believe that new money is coming into the market. They think this pattern shows aggressive new short selling. They believe this scenario will lead to a continuation of a downtrend and a bearish condition.


Suppose the total open interest is falling off and prices are declining. This theory holds that the price decline is likely being caused by disgruntled long position holders being forced to liquidate their positions. Some technicians view this scenario as a strong position because they think the downtrend will end once all the sellers have sold their positions.



Figure 2: Bullish and bearish signs according to open interest


According to the theory, high open interest at a market top and a dramatic price fall off should be considered bearish. That means all bulls who bought near the top of the market are now in a loss position. Their panic to sell keeps the price action under pressure.



I was wrong with some views here is the correct view in complete I am wrong some where please forgive me .

 

Oh okay im not sure on this because...I tried checking the listed sellers website but it seems like it has not been updated since may of 2019 and there are no reviews at all on it. The comments seem to be people having problems getting it to work.