TradingView now offers traders enhanced futures data from the Hong Kong Stock Exchange: they can now resize contracts, use settlement prices and track open interest.
- Adjustment of previous contracts
Since price discrepancies between different contracts can make analyzing historical price movements difficult, this feature can significantly affect your strategy design. It helps you adjust past contract prices to continuous futures contracts and thereby eliminate gaps and account for the conversion effect. This feature comes with labels that show release dates – they’ll help you navigate your contract switching on the chart.
Activating readjustment is simple: click the B-ADJ button at the bottom of the chart or check the “Adjust for contract changes” box in the chart settings.
TradingView also introduced the settlement price in its charts. Now, you will be able to choose between the last or the settlement price as the closing value for the contracts. The settlement price, determined by the exchange at the end of each trading day, can be very useful as it provides a clearer picture of the profits and losses associated with your positions. To toggle between these options, click the SET button at the bottom of the chart or select the ‘Use Sort as Close to Daily Interval’ option in the chart settings.
To further enhance your market analysis, TradingView has added the open interest indicator for HKEX futures contracts. The open rate reflects the number of open and unsettled derivative contracts. As such, it can provide valuable insights into market sentiment. For example, a declining open interest indicates that traders are closing out their positions, which may indicate a bearish trend for the futures you are analyzing. To access this data, open the Indicators, Metrics & Strategies menu and select Open Interest.
The TradingView platform reliably connects to hundreds of data feeds, with instant access to 1,357,880 instruments from around the world.