Open_Interest

Function Name: Open_Interest

Tags: OI

Category: Other

The Open Interest (OI) indicator plots the number of open contracts for the futures market. It can help confirm trends and trend reversals. An increase in the OI along with an increase in price confirms an upward trend. A decrease while prices are making new highs is often seen as a signal of a possible trend reversal.

Link:       http://www.onlinetradingconcepts.com/TechnicalAnalysis/OpenInterest.html