TradingView has rolled out significant enhancements to its futures data, specifically targeting contracts from Intercontinental Exchange (ICE) Futures Singapore and the Singapore Exchange (SGX). These updates aim to improve data visibility and accuracy, providing traders with deeper insights for better trading decisions.
Key Features of the Update
Settlement Price vs. Last Price
Users now have the option to select either the settlement price or the last price as the closing value displayed on charts.
The settlement price, determined at the end of the trading day, is calculated by averaging final bid/ask prices and other factors. This provides a more stable reference point for traders assessing their gains or losses.
To switch between these options, users can click the SET button at the bottom of the chart or enable the “Use settlement as close on daily interval” setting from the chart settings menu. Note that settlement prices are only applicable to daily intervals, not intraday periods.
Back-Adjusting Contracts in Continuous Futures
TradingView has introduced a feature for back-adjusting contracts in continuous futures. This functionality helps eliminate roll gaps by smoothing out price discrepancies when transitioning between futures contracts.
When the chart shifts to a new contract, a coefficient based on the price difference between the old and new contracts is calculated. This ensures previous contracts are better aligned, resulting in a more consistent historical price view.
By default, this feature is turned off. To enable it, users can 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
Users can now view the open interest value for futures contracts on the Singapore Exchange. Open interest represents the total number of active contracts that remain unsettled, making it a crucial metric for gauging market activity.
To access this data, users can navigate to the “Indicators, Metrics & Strategies” menu and search for the Open Interest indicator.
Conclusion
These updates by TradingView reflect a commitment to enhancing the trading experience for users engaged with Singapore’s futures markets. By providing more options and features, traders can better analyze data, make informed decisions, and optimize their trading strategies.
