TradingView has announced more improvements to its futures data, focusing on contracts from the Singapore Exchange (SGX) and Intercontinental Exchange (ICE Futures Singapore).
These updates are crafted to boost data visibility and accuracy on charts, offering traders even deeper insights for informed trading.
- Choosing between settlement or last price
One of the key updates now allows TradingView users to choose between the settlement price and the last price as the closing value on charts. The settlement price, calculated at the end of the trading day by averaging the final bid/ask prices and other values, gives traders a more stable reference point for gauging their gains or losses.
To switch between using the settlement or last price, click the SET button at the bottom of your chart, or you can enable the “Use settlement as close on daily interval” option from the chart settings menu.
Please note that settlement prices will only appear on daily intervals, not during intraday periods.
- Back-adjusting contracts in continuous futures
Another powerful feature TradingView has added is the ability to back-adjust contracts in continuous futures. This helps smooth out price differences that occur when switching between futures contracts, eliminating any roll gaps.
When the chart shifts to a new contract, the system calculates a coefficient based on the price difference between the old and new contracts. This adjustment ensures previous contracts align better, offering a more consistent historical view.
By default, this feature is turned off. To enable it, simply click the B-ADJ button at the bottom of the chart, or select “Adjust for contract changes” from the chart settings.
- Open interest value on the chart
Lastly, TradingView has introduced the ability to view the open interest value for Singapore futures. Open interest represents the total number of active contracts that haven’t been settled. It’s an important metric for gauging market activity.
To see open interest data, head to the “Indicators, Metrics & Strategies” menu, and search for the Open Interest indicator.
The TradingView platform reliably connects to hundreds of data feeds, providing direct access to 2,019,615 instruments from around the world.
