You are right. I think open interest is not reported intra day.

________________________________
From: nonlinear5 <[email protected]>
To: JBookTrader <[email protected]>
Sent: Fri, November 19, 2010 5:45:59 PM
Subject: [JBookTrader] Re: Volume

> If you are trading ES futures, have you tried to normalize volume by open
> interest?

No, I have not. My guess is that open interest doesn't change much
during the day, so normalizing volume would be equivalent to dividing
volume by a constant (which I did try to make average volume fit in
about the same range as balance velocity).

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