Unlocking the Power of Futures Trading: TradingView's Latest Enhancements

In a move to empower traders with deeper insights and more informed decision-making, TradingView has announced a series of exciting updates to its futures data offerings. Focusing on contracts from the Singapore Exchange (SGX) and Intercontinental Exchange (ICE Futures Singapore), these enhancements are designed to boost data visibility, accuracy, and overall trading experience on the platform.

Elevate Your Trading with TradingView's Futures Data Upgrades

Choosing Between Settlement or Last Price

One of the key updates now allows traders to choose between the settlement price and the last price as the closing value on their charts. The settlement price, calculated at the end of the trading day by averaging the final bid/ask prices and other values, provides a more stable reference point for gauging gains or losses. This feature empowers traders to make more informed decisions by accessing the data that best suits their trading strategies.To switch between using the settlement or last price, traders can simply click the "SET" button at the bottom of the chart or enable the "Use settlement as close on daily interval" option from the chart settings menu. It's important to note that settlement prices will only be available on daily intervals, not during intraday periods. For more information on the differences between the two values, traders can refer to the TradingView Help Center.

Seamless Transition with Back-Adjusting Contracts in Continuous Futures

Another powerful feature introduced by TradingView is the ability to back-adjust contracts in continuous futures. This functionality helps smooth out price differences that occur when switching between futures contracts, eliminating any roll gaps. When the chart shifts to a new contract, the system calculates a coefficient based on the price difference between the old and new contracts, ensuring that previous contracts align better and providing a more consistent historical view.To enable the back-adjusting feature, traders can click the "B-ADJ" button at the bottom of the chart or select the "Adjust for contract changes" option from the chart settings. Additional details on this feature can be found in the TradingView Help Center, guiding traders on how to leverage this powerful tool.

Gaining Insights with Open Interest Value

Lastly, TradingView has introduced the ability to view the open interest value for Singapore futures. Open interest represents the total number of active contracts that haven't been settled, and it's an important metric for gauging market activity. To access this data, traders can navigate to the "Indicators, Metrics & Strategies" menu and search for the Open Interest indicator.By incorporating these updates to futures from the Singapore Exchange and the Intercontinental Exchange, TradingView aims to empower traders with a deeper understanding of the futures markets and enable them to develop more informed trading strategies. With its reliable connection to hundreds of data feeds and access to over 2 million instruments from around the world, TradingView continues to solidify its position as the go-to platform for comprehensive market insights and trading tools.