Does the Open Interest in Chart Studies of Zerodha show volume or Amount of Open Interest?
The Open Interest indicator shows Amount of Open Interest, it is not Volume.
Do you mean No. Of outstanding contracts?
Yes, Open Interest is number of outstanding contracts.
Alright, So the chart in trading view does show the no. of outstanding contracts at a given time. Am I right?
Yes, you are right.
It means if one buys 10000 quantity and another sells 10000 qty, OI will show as 10000 .Please confirm?
The indicator will show total outstanding contracts in the market at given period of time, it doesn’t show how much contracts were added or decreased in given period.
You can plot the Indicator on chart and check out how it works.