RSI Open Interest y Volumen de Bitcoin

The main objective is to combine fundamental data from two relevant sources in the Bitcoin market: the Open Interest of CME futures contracts and the trading volume of the BTC/USDT pair on Binance. To do this, two specific symbols are used: one to represent the futures contract, identified as "CME:BTC1!", and another to obtain the volume ("BINANCE:BTCUSDT"). Using the request.security function, the script requests and synchronizes this data with the chart resolution or a customizable timeframe, allowing analyses to adapt to any timeframe. This is crucial for traders, as it allows them to obtain a comprehensive view of both futures market sentiment and real-time trading activity.
In the technical process, the script applies the RSI (Relative Strength Index) individually to both Open Interest and volume, using the same user-configurable period, ensuring consistency in the analysis of both data sets. By calculating the RSI for each variable—identifying overbought or oversold areas—two indicators are generated that reflect the evolution of commitment in futures and the intensity of trading flow in the spot market. An average of both RSIs is then produced to smooth out potential discrepancies and provide a single signal that combines both perspectives.