Advantages: 1. Quantitative Analysis in one place 2. Easy to find stocks where action taking place 3. Find the exact price levels at which OI is being added.
(1/5)
For example, Nifty Heatmap Can easily scan for
1. Long Build up (Price up and OI up) 2. Long Unwinding (Price down and OI down) 3. Short Buildup (Price down and OI up) 4. Short Covering (Price up and OI down)
(2/5)
1. 15 mins Built up can check in any stock 2. Easy to find Intraday Bullish and bearish trend 3. Eg of Bajaj Auto who was up 9% on Friday. Long Built up had started in the morning itself. 4. Shows the quantities also which are being traded in those intervals.