Want to better grasp market trends? The combination of OI and CVD indicators works well.

OI (Open Interest) reflects the total size of open contracts and can help you judge the relative strength of bulls and bears—continuous increase in OI indicates funds are entering positions, while a decrease may suggest liquidation or closing of positions. CVD (Cumulative/Distribution Indicator) tracks fund flow through volume-weighted analysis, providing a more intuitive view of whether the main players are accumulating or distributing.

When used together, OI shows changes in position size, while CVD reveals the true movement of funds. If OI rises and CVD also climbs, it indicates new buying power is entering; conversely, if OI declines but CVD drops, it usually signals a potential correction or reversal. This combination is especially effective during sideways markets and key trend reversals. Consider using these two dimensions together in your next trade to improve your analysis.