We just wanted to mention the ideal time intervals to use for the Δ OI data for different instruments to get the best results.
For stock and index futures – use 10 minute intervals and try to make entries in the direction of the trend at the average entry/exit prices specified of that 10 minute interval. Do not rush into things and you will save a lot of your capital.
Only in situations where there are no clear and contradicting signals appear in 10 minute interval, try to dig into 5 minute to better understand the scenario
For Index options – use 5 minute intervals for index options both nifty and bank nifty and try to make your entries a few ticks below the entry/exit price in case of buy and a few ticks above the entry/exit price in case of sell.
Only in situations where there are no clear and contradicting signals appearing in 5 minute interval for index options, dig through into 1 minute interval to better understand the scenarios.
These intervals suggested produce best results in majority of the market scenarios and are recommended to use.
If you intend to use other than these intervals, results may vary and can be adverse.