How do Open Interest and volume together help in market analysis?

When combined, Open Interest and volume provide a comprehensive view of market sentiment:

• High volume and rising OI: Indicates strong participation in a trend, suggesting that the trend is likely to continue.
• High volume and falling OI: Could indicate the closing of positions, signaling the end of the current trend or consolidation.
• Low volume with high OI: May suggest a buildup of positions without much immediate price movement, potentially indicating market indecision.