TradingView has introduced updates to its futures data, specifically enhancing contracts from the Singapore Exchange (SGX) and ICE Futures Singapore. These improvements will offer better data visibility and accuracy.
These are the main enhancements to the TradingView data:
TradingView users can choose between the settlement price or the last price as the closing value on charts. The settlement price is calculated from the average of final bid/ask prices at the end of the trading day. It provides a more stable reference point.
To enable:
Note: Settlement price is only available for daily intervals, not intraday periods.
Users can back-adjust contracts in continuous futures. This feature eliminates price differences when moving between contracts by calculating a coefficient based on the price difference between the old and new contracts. This adjustment provides a more consistent historical view.
To enable:
TradingView now also supports viewing open interest for Singapore futures directly on the chart. Open interest represents the total number of active contracts that have not been settled.
To view open interest:
The update will offer these benefits to users:
Traders and investors now have the option to use the settlement price. It provides a more stable and reliable closing value compared to the last traded price. This helps in making more accurate decisions based on end-of-day data.
The ability to back-adjust continuous futures contracts eliminates gaps when switching between contracts. It results in cleaner historical data. Traders and investors can perform more consistent technical analysis without being skewed by contract rollovers.
Access to open interest on charts provides a key metric for evaluating market activity and liquidity. Traders can better gauge the strength of a market move or trend by knowing how many contracts remain open.
The new options offer the flexibility to tailor their charts according to their specific strategies. This customization allows for more precise analysis and strategy alignment.
TradingView is a financial platform that offers advanced charting tools, real-time market data, and social network features. It provides tools for technical analysis, including various chart types, indicators, and drawing tools to analyze financial markets. TradingView also offers a dynamic community for users to share insights and strategies and discuss market trends.
These updates enhance TradingView’s functionality. The platform continues to provide access to over 2 million instruments worldwide. It ensures traders have the needed tools to make informed decisions.
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