Story Highlights
- Frustrated by choppy HNX futures charts? TradingView’s back-adjustment smooths historical data for seamless analysis.
- Unveiling market sentiment! Track Open Interest on HNX futures to understand investor positioning.
- Trade with confidence: New features empower informed decisions in the HNX futures market.
Tired of choppy price charts and struggling to gauge market sentiment in HNX futures? TradingView just upped your game with two innovative features designed to streamline your analysis and unlock deeper market insights.
Goodbye Price Gaps, Hello Clarity
The transition between expiring and new futures contracts can wreak havoc on historical price data. Price gaps caused by roll-over make it challenging to analyze long-term trends and identify crucial support and resistance levels. But fret no more! TradingView’s back-adjustment feature acts like a time machine, automatically adjusting historical prices to reflect the impact of rollover. This ensures a smooth, continuous price chart, allowing you to visualize price movements with unparalleled clarity. Activating this feature is a breeze – simply click the “B-ADJ” button or select the “Adjust for contracts changes” setting.
Unveiling Market Sentiment with Open Interest
Price isn’t the only story the market tells. Understanding investor sentiment is vital for crafting winning trading strategies. That’s where TradingView’s new Open Interest (OI) tracking for HNX futures comes in. OI reflects the number of outstanding futures contracts, offering a window into market positioning and potential future price movements. By analyzing changes in OI, you can identify periods of rising bullishness or increasing bearishness, allowing you to tailor your trades accordingly. Accessing this data is as simple as opening the “Indicators, Metrics & Strategies” menu and selecting the “Open Interest” indicator.
With these powerful new tools in your arsenal, you’re now equipped to navigate the complexities of HNX futures with greater confidence and make informed trading decisions based on a more complete picture of the market. So, fire up TradingView and unlock the full potential of your HNX futures trading!
