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TradingView Streamlines Futures Trading with New Rollover and Sentiment Features

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Story Highlights

  • Futures traders on TradingView can now automatically adjust historical prices to account for contract rollovers, providing a clearer view of long-term trends.
  • An additional tool tracks open interest on the Hanoi Stock Exchange, giving traders insights into investor sentiment.
  • These features solidify TradingView’s position as a platform for comprehensive analysis, strategy development, and trade execution for futures traders.

Popular technical analysis platform TradingView is making life easier for futures traders with the introduction of two key features: reverse matching of previous contracts and tracking open interest on the Hanoi Stock Exchange (HNX).

Smoother Contract Transitions

One of the biggest challenges in futures trading is managing the rollover between expiring contracts. Slight price differences between contracts can distort historical price data, making trend analysis difficult. TradingView’s new reverse matching functionality tackles this by automatically adjusting the historical prices of previous contracts to reflect the current contract. This “back-adjustment” eliminates price gaps caused by rollovers, providing a clearer picture of long-term price trends.

Activating this feature is simple. Traders can click the “B-ADJ” button at the chart’s bottom or access settings through the “Adjust for Contract Changes” menu.

TradingView
Image Courtesy: TradingView

Gauging Market Sentiment with Open Interest

Developing effective trading strategies requires not just technical analysis but also an understanding of market sentiment. This is where TradingView’s new HNX open interest tracking comes in. Open interest refers to the number of outstanding futures contracts, offering valuable insights into investor positioning and overall market sentiment.

To utilize this tool, traders simply need to select the “Open Interest” indicator from the “Indicators, Metrics & Strategies” menu. By combining this data with technical analysis, traders can gain a more comprehensive view of the market and make informed trading decisions.

These new features add to TradingView’s already robust suite of tools, further solidifying its position as a one-stop shop for technical analysis, strategy development, and trade execution. With its commitment to user feedback and ongoing innovation, TradingView is empowering traders of all levels to navigate the ever-evolving futures market.