Open Interest

May 16, 2024

Deviation from OIWAP

What is OIWAP? The OIWAP (Open Interest Weighted Average Price), provides a weighted average price transaction price of contracts opened. In short, this is the market participant’s average price based on the open interests created by them. What is Deviation from OIWAP? Deviation from the […]
May 13, 2024

OI Weighted Average Strike Price (OI-WASP)

OI-WASP levels marked with dotted red lines on Nifty 50 (75 Min) chart. What is Open Interest Weighted Average Strike Price? The Open Interest Weighted Average Strike Price (OI-WASP) is a weighted average, which tells us about where the most significant open interest lies within […]
March 7, 2024

OIWAP (Open Interest Weighted Average Price) 

For comments, feedback and discussion, please visit our forum post on OIWAP. OIWAP is a price overlay indicator created by Prasath V A B. Guidelines for OIWAP: Introduction: Before we start looking into OIWAP, let me explain why there is a need for OIWAP, when […]
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