How to get continuous chart data for futures contracts on Kite?
To get continuous chart data for future contracts, follow the steps below:
- Click on Display.
- Select Continuous data.
This feature is available only for futures contracts on ChartIQ on a daily, weekly and monthly timeframe. To know how to switch between TradingView to ChartIQ, see How to switch between TradingView and ChartIQ charts on Kite?
What is a continuous futures chart?
Continuous futures charts categorize futures into current, near, and far months, rather than plotting charts for a specific month. Since all futures contracts expire within three months, historical charts provide a maximum of three months of available data. Within these three months, the majority of trading activity is concentrated on the current month's contract. While analyzing charts for underlying instruments is possible, historical charts for futures contracts are more popular due to their higher trading activity. In the case of currencies, spot price charts are not available, so it becomes necessary to refer to futures charts. Instead of examining the historical chart for a specific month's Nifty April 2022 futures contract, which would only cover a three-month period, it is advisable to analyze continuous futures charts formed by utilizing Nifty April futures contract data in April, Nifty March futures contract data in March, and so on.
Why is there no continuous options chart?
Continuous charts cannot be constructed for options because they operate differently from futures. While the intrinsic value of futures remains constant between two months, options behave differently. All at-the-money (ATM) and out-of-the-money (OTM) options expire worthless, reaching a value of 0. Consequently, it is not feasible to create continuous charts for options.