Quote from NihabaAshi:
Volatility will give you the same information as Open Interest and you don't need any indicators if you know how to measure volatility via price action itself.
Replace the word volatility in the below explanations with the word open interest and you get the same price action.
So you are referring to Volatility as an indicator of Open Interest?
Interesting thought, but how do you measure volatility?
Based on the time intervals? By ticks? In what time periods?
What is the correlation of Volatility and OI?
What are the points of accumulation related to OI?
In other words do you have the system in place to actually implement it?
