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OandaX Open Interest

The OandaX product series is designed to display additional data on orders and positions provided by the Oanda FxLabs service.

The OandaX Open Interest indicator is designed for displaying the open interest based on the data from Oanda. That is, the indicator displays the relative number of traders who have short or long positions on the instrument. Due to the fact that the Oanda service does not provide absolute values of the traders' positions or their absolute number, the value displayed by the indicator is the increase in the number of traders relative to a certain initial time, counting always starts from 100.

For the constant update of data it is necessary for the OandaX Download Manager EA to be running in the terminal. To display the previously downloaded data, the EA is not required.

The history is available for 16 instruments: AUDJPY, AUDUSD, EURAUD, EURCHF, EURGBP, EURJPY, EURUSD, GBPCHF, GBPJPY, GBPUSD, NZDUSD, USDCAD, USDCHF, USDJPY, XAUUSD, XAGUSD. The minimum step of history data is 20 minutes, but depending on the history depth the step can increase up to 24 hours, there can also be unexpected gaps.

The data is downloaded and saved by UTC time, therefore, for the correct display of the histogram time, set the correct time zone of your broker server relative to UTC in the indicator settings (TimeOffset)

Indicator parameters

  • Use Custom Instrument - True, if you have non-standard instrument names or if you need to display a histogram of another instrument on the chart;
  • Custom Instrument Name instrument name in the format of Oanda FxLabs. For EURUSD - EUR_USD, for Gold, XAUUSD - XAU_USD, for Silver, XAGUSD - XAG_USD;
  • Server UTC Time Offset - time zone of your server relative to UTC
  • For iCustom - True, if you want to call the indicator from an expert advisor or another indicator using the iCustom function. In this case, the indicator will not be calculated in portions, but for the entire available history, therefore, it may slow down the terminal for some time.
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Version 1.4 2017.02.14
Fixed a calculation error, which occurred when a large portion of history data was missing