hello everyone. today i want to explain the relationship between price and volume and open interest. we know that open interest means the number of positions (long/short)that is open.(in short OI) if the price going up and volume and OI is going up too we can see very strong bullish sentiment in market. if price going up but volume and OI going down it means that the price weakening and long positions is closing so we have bearish sentiment in market. if the price going down but volume and OI going up it means traders interst to open short positions and the sentiment is very bearish. and in the end if the price is going down and vol and OI going down too we can understand that traders are tired from falling and want to close their short positions so we have a bullish sentiment in market. hope that this is useful for you. if you support me i will try to be better day by day... thank you friends
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