Traders use changes in Volume and Open Interest to gauge the liquidity of the market and to anticipate price movements.
- Volume
- Refers to the number of trades completed each day. It is an important measure of strength and interest in a particular trade
- Reflects a running total throughout the trading day.
- Open Interest
- Reflects the number of contracts held by traders and investors in active positions, ready to be traded
- Updated just once per day
Finding Total Volume and Open Interest in DTN ProphetX
DTN ProphetX allows the user to see the Total Volume and Open Interest in a number of ways.
- News
- The Total Volume and Open Interest information can be found by using the News Search functionality to look for the relevant stories. They can be found in sources such as Dow Jones, as well as from the DTN Newsroom.
- The DTN Newsroom also provides Grain Volume and Open Interest.
- Data
- DTN provides Total Volume and Open Interest symbols that can be used in a Quote Sheet as well as historical displays like Charts and Tabular Displays.
Adding Total Volume and Open Interest to a Quote Sheet
You can find the Total Volume and Open Interest Symbols in the Symbol Search. Each symbol will end in a “.z”. These can then be added to a Quote Sheet.
You will also want to change the fields in the Quotes Sheet to see the data.
- Volume
- Open Interest
- Total Contract Volume
- Total Contract Open Interest
- Total Contract Cumulative Volume
Example of Total Volume and Open Interest on a Chart and Tabular Display
