Aggregated Open Interest Multi-Exchange (USD)This indicator aggregates Open Interest (OI) data from multiple major cryptocurrency exchanges into a single unified view in USD, using data available on TradingView. It automatically adapts to the asset you're viewing on the chart.
Features:
Aggregates OI from 7 major exchanges: Binance, Bybit, OKX, Bitget, Deribit, HTX, and Coinbase
All values converted to USD - unlike native OI which shows contracts/coins
Uses only data available on TradingView platform
Automatically detects the asset from your chart (BTC, ETH, SOL, etc.)
True apples-to-apples comparison across exchanges
Displays as candlesticks showing OI open, high, low, and close
Toggle exchanges on/off individually
Handles different contract types per exchange automatically
Why USD conversion matters:
Traditional OI indicators show values in contracts or crypto units, making it difficult to compare across exchanges. This indicator converts everything to USD, giving you the real dollar value of open positions across all exchanges.
How it works:
Simply add the indicator to any crypto perpetual futures chart. It will automatically fetch and aggregate OI data from all supported exchanges for that asset using TradingView's built-in data feeds, converting everything to USD.
Supported Exchanges:
Binance, Bybit, Bitget, HTX: USDT perpetuals
Deribit: BTC/ETH use USD contracts, others use USDC
OKX: Contract-based (automatically converted)
Coinbase: USDC perpetuals
Perfect for traders who want a comprehensive view of total market Open Interest in USD across exchanges using reliable TradingView data.
Open Interest
Order Flow RSI - Price / CVD / OIOrder Flow RSI blends three powerful market perspectives — Price , Cumulative Volume Delta (CVD) , and Open Interest (OI) — into one unified RSI-style oscillator.
It reveals momentum and imbalance across these data streams and highlights situations where participation, liquidity, and positioning disagree — moments that often precede reversals.
What it does
The indicator converts:
Price → RSI (classic momentum),
CVD → RSI (buy/sell pressure balance),
OI → RSI (position expansion/contraction)
…then plots all three RSIs together on the same 0–100 scale.
A fourth Consensus RSI (average of any two or all three) can optionally be shown to simplify the view.
Core logic
CVD engine – based on TradingView’s native volume-delta request.
Modes: Continuous (default, smooth line), Anchored (resets each session), Rolling window.
Open Interest – pulled automatically from the symbol’s “_OI” feed; aligns to chart timeframe for real-time flow.
RSI calculation – standard RSI applied to each data stream, optionally smoothed (SMA / EMA / RMA / WMA / VWMA).
Signals – optional background highlights when:
All three RSIs are overbought (red) or oversold (green), or
Any pair show opposite extremes (e.g., price overbought + OI oversold).
Consensus RSI – arithmetic mean of the selected RSIs, summarizing overall market tone.
Inputs overview
CVD settings: anchor period, lower-TF delta, mode, rolling length
RSI lengths: separate for price, CVD, OI
Smoothing: type + period applied to all RSIs at once
Consensus: choose which RSIs to average
Signals: enable/disable each combination; optional alerts
Levels: adjustable OB/MID/OS (default 70 / 50 / 30)
Visuals: fill between active RSIs, background highlights, level lines, colors in Style tab
How to read it
All 3 overbought (red): broad exhaustion → possible correction
All 3 oversold (green): broad depletion → possible bounce
Opposite pairs: divergence between price and participation
Price↑ but OI↓ (red) → weak rally, fading participation
Price↓ but CVD↑ (green) → hidden accumulation
Combine with structure and volume profile for confirmation.
Notes
Works best on assets with full CVD + OI data (futures, BTC, etc.).
Use Continuous CVD for smooth RSI, Anchored for session analysis.
Smoothing 2–5 EMA is a good starting point to reduce noise.
All styling (colors, line types, thickness) is adjustable in the Style tab.
Limitations & caveats
CVD requires accurate tick/volume/delta data from your data feed. Performance may differ across instruments.
OI availability varies by exchange / symbol. Where OI is absent, pairwise OI signals are not evaluated.
This indicator is a tool — it generates signals of interest, not guaranteed profitable trades. Backtest and combine with your risk rules.
Smoothing introduces lag; longer smoothing reduces noise but delays signals.
Order Flow RSI bridges traditional momentum analysis and order-flow context — giving a multi-dimensional view of when markets are truly stretched or quietly reloading.
Sometimes it works, sometimes it doesn't.
VSTrade OMCThe indicator calculates the ratio of Open Interest (OI) of a futures contract to the market capitalization (Market Cap) of the spot asset. OI is the number of open (unclosed) futures positions in the market, expressed in contracts. Market Cap is the total value of the asset (price * circulating supply). The ratio shows how "overheated" or "interesting" the futures market is relative to the size of the asset.This is not a direct trading signal, but a tool for analyzing liquidity, speculation, and market sentiment.
Индикатор рассчитывает отношение Open Interest (OI) фьючерсного контракта к рыночной капитализации (Market Cap) спотового актива. OI — это количество открытых (незакрытых) фьючерсных позиций на рынке, выраженное в контрактах. Market Cap — общая стоимость актива (цена * circulating supply). Отношение (ratio) показывает, насколько "перегрет" или "интересен" рынок фьючерсов относительно размера актива.
Это не прямой торговый сигнал, а инструмент для анализа ликвидности, спекуляции и рыночных настроений.
Bar Statistics - DELTA/OI/TOTAL/BUY/SELL/LONGS/SHORTSBar Statistics - Advanced Volume & Open Interest Analysis
Overview
The Bar Statistics indicator is a comprehensive analytical tool designed to provide traders with detailed insights into market microstructure through advanced volume analysis, open interest tracking, and market flow detection. This indicator transforms complex market data into easily digestible visual information, displaying six key metrics in customizable colored boxes that update in real-time.
Unlike traditional volume indicators that only show basic volume data, this indicator combines multiple data sources to reveal the underlying forces driving price movement, including volume delta calculations from lower timeframes, open interest changes, and estimated market positioning.
What Makes This Indicator Unique
1. Multi-Timeframe Volume Delta Precision
The indicator utilizes lower timeframe data (default 1-second) to calculate highly accurate volume delta measurements, providing much more precise buy/sell pressure analysis than standard timeframe-based calculations. This approach captures intraday volume dynamics that are often missed by conventional indicators.
2. Real-Time Updates
Unlike many indicators that only update on bar completion, this tool provides live updates for the developing candle, allowing traders to see evolving market conditions as they happen.
3. Market Flow Analysis
The unique "L/S" (Long/Short) metric combines open interest changes with price/volume direction to estimate net market positioning, helping identify when participants are accumulating or distributing positions.
4. Adaptive Visual Intensity
The gradient color system automatically adjusts based on historical context, making it easy to identify when current values are significant relative to recent market activity.
5. Complete Customization
Every aspect of the display can be customized, from the order of metrics to individual color schemes, allowing traders to adapt the tool to their specific analysis needs.
6.All In One Solution
6 Metrics in one indicator no more using 5 different indicators.
Core Features Explained
DELTA (Volume Delta)
What it shows: Net difference between aggressive buy volume and aggressive sell volume
Calculation: Uses lower timeframe data to determine whether each trade was initiated by buyers or sellers
Interpretation:
Positive values indicate aggressive buying pressure
Negative values indicate aggressive selling pressure
Magnitude indicates the strength of directional pressure
OI Δ (Open Interest Change)
What it shows: Change in open interest from the previous bar
Data source: Fetches open interest data using the "_OI" symbol suffix
Interpretation:
Positive values indicate new positions entering the market
Negative values indicate positions being closed
Combined with price direction, reveals market participant behavior
L/S (Net Long/Short Bias)
What it shows: Estimated net change in long vs short market positions
Calculation method: Combines open interest changes with price/volume direction using configurable logic
Scenarios analyzed:
New Longs: Rising OI + Rising Price/Volume = Long position accumulation
Liquidated Longs: Falling OI + Falling Price/Volume = Long position exits
New Shorts: Rising OI + Falling Price/Volume = Short position accumulation
Covered Shorts: Falling OI + Rising Price/Volume = Short position exits
Result: Net bias toward long (positive) or short (negative) market sentiment
TOTAL (Total Volume)
What it shows: Standard volume for the current bar
Purpose: Provides context for other metrics and baseline activity measurement
Enhanced display: Uses gradient intensity based on recent volume history
BUY (Estimated Buy Volume)
What it shows: Estimated aggressive buy volume
Calculation: (Total Volume + Delta) / 2
Use case: Helps quantify the actual buying pressure in monetary/contract terms
SELL (Estimated Sell Volume)
What it shows: Estimated aggressive sell volume
Calculation: (Total Volume - Delta) / 2
Use case: Helps quantify the actual selling pressure in monetary/contract terms
Configuration Options
Timeframe Settings
Custom Timeframe Toggle: Enable/disable custom lower timeframe selection
Timeframe Selection: Choose the precision level for volume delta calculations
Auto-Selection Logic: Automatically selects optimal timeframe based on chart timeframe
Net Positions Calculation
Direction Method: Choose between Price-based or Volume Delta-based direction determination
Value Method: Select between Open Interest Change or Volume for position size calculations
Display Customization
Row Order: Completely customize which metrics appear and in what order (6 positions available)
Color Schemes: Individual color selection for positive/negative values of each metric
Gradient Intensity: Configurable lookback period (10-200 bars) for relative intensity calculations
Visual Elements
Box Format: Clean, professional box display with clear labels
Color Coding: Intuitive color schemes with customizable transparency gradients
Real-time Updates: Live updating for developing candles with historical stability
How to Use This Indicator
For Day Traders
Volume Confirmation: Use DELTA to confirm breakout validity - strong directional moves should show corresponding volume delta
Entry Timing: Watch for volume delta divergences at key levels to time entries
Exit Signals: Monitor when aggressive volume shifts against your position
For Swing Traders
Market Flow: Focus on the L/S metric to identify when participants are accumulating or distributing
Open Interest Analysis: Use OI Δ to confirm whether moves are backed by new money or position adjustments
Trend Validation: Combine multiple metrics to validate trend strength and sustainability
For Scalpers
Real-time Edge: Utilize the live updates to see developing imbalances before bar completion
Quick Decision Making: Focus on DELTA and BUY/SELL for immediate market pressure assessment
Volume Profile: Use TOTAL volume context for optimal entry/exit sizing
Setup Recommendations
Futures Markets: Enable OI tracking and use Volume Delta direction method
Crypto Markets: Focus on DELTA and volume metrics; OI may not be available
Stock Markets: Use Price direction method with volume value calculations
High-Frequency Analysis: Set lower timeframe to 1S for maximum precision
Technical Implementation
Data Accuracy
Utilizes TradingView's ta.requestVolumeDelta() function for precise buy/sell classification
Implements error checking for data availability
Handles missing data gracefully with fallback calculations
Performance Optimization
Efficient array management with configurable lookback periods
Smart box creation and deletion to prevent memory issues
Optimized real-time updates without historical data corruption
Compatibility
Works on all timeframes from seconds to daily
Compatible with futures, forex, crypto, and stock markets
Automatically adjusts calculation methods based on available data
Risk Disclaimers
This indicator is designed for educational and analytical purposes. It provides statistical analysis of market data but does not guarantee trading success. Users should:
Combine with other forms of analysis
Practice proper risk management
Understand that past performance doesn't predict future results
Be aware that volume delta and open interest data quality varies by market and data provider
Conclusion
The Bar Statistics indicator represents a significant advancement in retail trader access to professional-grade market analysis tools. By combining multiple data sources into a single, customizable display, it provides the depth of analysis needed for comprehensive market microstructure understanding while maintaining the simplicity required for effective decision-making.
Open Interest OverlayOpen Interest Overlay
Overview
This indicator displays Open Interest (OI) data directly on your price chart as an overlay, eliminating the need for separate panes while preserving authentic OI movement patterns. Perfect for traders who want to analyze OI correlations without sacrificing chart real estate.
Key Features
📊 Smart Price Scaling
• Automatically maps Open Interest values to fit within your chart's price range
• Preserves all directional movements, timing, and relative magnitude relationships
• Uses official TradingView Open Interest feed for accuracy
🎨 Full Customization
• Custom Colors: Choose your own colors for rising/falling OI (defaults: teal/red)
• Line Style: Toggle between step-line (traditional) or smooth line display
• Optional Fill: Shade area between OI line and mid-price for better visual reference
• Smoothing Options: Apply moving average smoothing to reduce noise
⚙️ Intelligent Settings
• Normalization Window: 300-bar lookback (customizable) for scaling calculations
• Auto Timeframe: Uses daily data for intraday charts on traditional assets, chart timeframe for crypto
• Real Value Display: Shows actual (unscaled) OI value on the last bar
How It Works
The indicator performs proportional mapping of Open Interest data:
1. Calculates OI range (high/low) over the lookback period
2. Maps this range to your chart's price range during the same period
3. Displays OI movements that maintain authentic patterns and timing
Perfect For
✅ Correlation Analysis - See how OI moves with price in real-time
✅ Divergence Spotting - Identify when OI and price trends diverge
✅ Clean Charts - No need for separate panes or window splitting
✅ Pattern Recognition - Spot OI building/declining during key price levels
✅ Cross-Market Analysis - View any symbol's OI overlay on your current chart (e.g., Bitcoin OI while viewing Ethereum prices)
What You Get vs Traditional OI Indicators
Advantages:
• Authentic OI movement patterns preserved
• Direct visual correlation with price action
• No chart real estate sacrifice
• Immediate trend and divergence recognition
Trade-offs:
• Shows relative OI changes rather than absolute values
• Scaling is relative to the selected lookback period
Ideal For
• Day traders monitoring intraday OI flow
• Swing traders analyzing OI trends with price movements
• Futures traders tracking institutional interest
• Anyone wanting clean, correlation-focused OI analysis
Compatible With
• Futures contracts with Open Interest data
• Any timeframe (auto-adjusts for optimal data)
• All TradingView-supported OI symbols
Net Positions (Net Longs & Net Shorts) - Volume AdjustedNet Positions (Net Longs & Net Shorts) - Volume Adjusted
Based on the legendary LeviathanCapital - Net Positions Indicator
Adjusted to use volume calculation for more percise data
Few important caveats:
- EVERY BUYER NEED A SELLER AND EVERY SELLER NEED A BUYER
- This indicator is meant to give you a sense of direction for the market orders ("who is the aggresive side") and should be used as confluence not as true values
In reality, in market movement each candle will contain both buying and selling, contracts closing and opening but due to some limitations that is hard to make properly.
Even with these limitations this indicator can provide a better picture than some other even external tools out there.
The main benefit of using volume delta and open interest instead of just open interest and candle closes G/R that it solves the problem with extreme cases where there might be an absorption of market orders.
Example of the Volume Edge in Action:
Bullish Absorption (The "Trap" for Sellers)
Candle Close + OI: A large Red Candle forms with Rising OI. The interpretation is simply: "New shorts are opening"
Volume Delta + OI: The same Red Candle with Rising OI has a Positive Volume Delta.
The True Story: Aggressive buyers tried to push the price up, but they were completely absorbed by large passive sell orders.
The "Volume Delta" logic:
If OI ↑ → new positions opened
• Delta ↑ → net longs added
• Delta ↓ → net shorts added
If OI ↓ → positions closed
• Delta ↑ → shorts closing
• Delta ↓ → longs closing
The "Price" logic:
If OI ↑ → new positions opened
• Price ↑ → net longs added
• Price ↓ → net shorts added
If OI ↓ → positions closed
• Price ↑ → shorts closing
• Price ↓ → longs closing
Crypto OI AgregatedCrypto OI Aggregated — Open Interest Aggregator for Crypto Exchanges
General Description
The indicator is designed for comprehensive analysis of Open Interest (OI) across major cryptocurrency exchanges. It consolidates data from multiple platforms, visualizes it as candlestick charts or deltas, and builds tables with breakdowns by exchange and contract type. This allows traders to quickly understand where market interest is concentrated and how the market structure is shifting.
Unlike standard tools that only show data from a single exchange, this indicator provides a full market overview and makes it easy to compare dynamics across different platforms.
⸻
Key Features
• Aggregation of OI data from exchanges: Binance, Bybit, OKX, Bitget, Kraken, HTX, Deribit (feel free to leave a comment if you’d like me to add other exchanges that provide open interest data)
• Support for contract types: USDT.P, USD.P, USDC.P, USD.PM
• Automatic normalization of various OI data formats from different providers
• Display modes:
• OI candlestick chart (total aggregated OI)
• OI Delta (change in OI per bar)
• Full table with detailed data by exchange and contract type
• Short summary table with totals in USD and base assets
• Support for USD or COIN denomination
• Convenient formatting for large numbers
• Customizable colors
⸻
How to Use the Indicator
1. Select Exchanges
In the settings, enable or disable specific exchanges. It is recommended to activate only the ones you need for analysis — this will make the indicator faster.
2. Choose Data Type
• OI — aggregated open interest from selected exchanges.
• OI delta — delta (change in OI compared to the previous bar).
3. Denomination
• USD — values are converted into USD equivalents.
• COIN — values are shown in the base asset (BTC, ETH, etc.).
4. Reading the Chart
• OI candlesticks show the overall OI dynamics.
• Delta histogram highlights how much OI has grown or decreased per bar.
• Colors are fully customizable.
5. Tables
• Enabled via the Show table option.
• Full Table → Rows = exchanges, Columns = contract types. Cells contain OI values in either USD or the base asset, depending on settings. Quickly shows where the main interest is concentrated.
• Short Table → Displays only the total OI values in USD and the base asset.
⸻
Important Notes
• For better readability of large values, two custom formatting functions were implemented. They work similarly to format.volume, but with improved digit grouping and adjustable decimal precision. In the tables, the top row is formatted using format.volume, while the bottom row uses the improved formatting functions for clearer representation.
str(d, n, s) =>
str.substring(d, 0, str.length(d) - n) + '.' + str.substring(d, str.length(d) - n, str.length(d) - (n - 2)) + s
format(_r) =>
d = str.tostring(math.round(_r))
str.length(d) > 9 ? str(d, 9, " B") : str.length(d) > 6 ? str(d, 6, " M") : str.length(d) > 3 ? str(d, 3, " K") : d
⸻
Conclusion: Crypto OI Aggregated is a convenient and powerful tool for cryptocurrency derivatives traders. It enables tracking of OI dynamics across multiple exchanges simultaneously, detecting imbalances between contracts, and identifying signals that are not visible when analyzing a single exchange.
Open Interest Footprint IQ [TradingIQ]Hello Traders!
Th e Open Interest Footprint IQ indicator is an advanced visualization tool designed for cryptocurrency markets. It provides a granular, real-time breakdown of open interest changes across different price levels, allowing traders to see how aggressive market participation is distributed within each bar.
Unlike standard footprint charts that rely solely on volume, this indicator offers unique insights by focusing on the interaction between price action and changes in open interest (OI) — a leading metric often used to infer trader intent and positioning.
How it works
The Open Interest Footprint IQ processes lower timeframe price and open interest data to build a footprint-style chart that shows how traders are positioning themselves within each candle.
Here’s a breakdown of the process:
1. Granular OI & Price Sampling
The script retrieves lower-timeframe data (1-minute, 1-second, or 1-tick, based on your setting).
For each candle, it captures:
High and low prices
Price change direction
Change in open interest (OI)
2. Classifying Trader Behavior
For each lower-timeframe segment, the indicator determines the type of positioning occurring based on price movement and OI change:
If price is moving up and open interest is increasing, it suggests that long positions are being opened. This is considered a "Longs Opening" event, labeled as UU (Up/Up).
If price is moving up but open interest is decreasing, it indicates that short positions are being closed. This is referred to as UD (Up/Down), or "Shorts Closing."
If price is moving down and open interest is increasing, it signals that short positions are being opened. This is known as DU (Down/Up), or "Shorts Opening."
If price is moving down while open interest is also decreasing, it means that long positions are being closed. This is labeled as DD (Down/Down), or "Longs Closing."
These are stored in separate arrays and displayed at specific price levels.
It is particularly useful for identifying:
Where longs or shorts are opening/closing positions
Stacked imbalances (indicative of potential absorption or exhaustion)
Value area zones and POC (Point of Control) based on OI, not volume
This footprint runs on your choice of sub-bar granularity and is ideal for high-frequency trading, scalping, and entries based on order flow dynamics.
Key Features
Footprint Visualization
At each price level within a candle:
Long/short opening and closing behavior is broken down.
Delta (net open interest change) is displayed both numerically and color-coded.
Optional gradient coloring shows intensity and type of flow (longs/shorts opened/closed).
Cumulative or per-bar reset modes allow you to track OI evolution over time.
The image above explains the information that each Footprint box shows across a candlestick!
Each footprint box shows:
OI Delta
OI Delta %
Longs Opened (LO)
Longs Closed (LC)
Shorts Opened (SO)
Shorts Closed (SC)
The image above explains the color-coding feature of the indicator.
Boxes are color coded to show which position action
dominated at the price area.
For this example:
Green boxes = Long positions being opened dominated
Purple boxes = Long positions being closed dominated
Red boxes = Short positions being opened dominated
Yellow boxes = Short positions being closed dominated
All colors are customizable.
Additionally, for traders who are only interested in whether OI increased/decreased, a "two-color" option is available in the settings.
For the two-color option, footprint boxes can be one of two colors. Showing whether OI increased or decreased at the level.
Cumulative Levels
Open Interest Footprint IQ contains a "Cumulative Levels" feature that tracks/stores open interest change at tick levels over time, rather than resetting per bar.
With the "Cumulative Levels" feature enabled, traders can see open interest changes persist across all candlesticks. This feature is useful for determining whether longs opening, longs closing, shorts opening, or shorts closing are dominating at particular price areas over time rather than on a single bar.
A useful feature to see if shorts/longs are favoring certain price throughout the day, week, month, etc.
Input Settings Explained
Granularity (Dropdown: Granularity)
Options: 1-Minute, 1-Second, 1-Tick
Determines how finely the script samples the lower timeframe data to construct the footprint.
For precision:
1-Tick = Highest accuracy, but more resource-intensive.
1-Second/1-Minute = Suitable for broader or more zoomed-out analysis.
Tick Level Distance (Tick Level Distance (0 = Auto))
Defines the vertical spacing between levels in the footprint chart.
If 0, the script uses an automatic calculation based on ATR to adapt to volatility.
Set a manual value (e.g., 5) to control the height granularity of each level in ticks.
Cumulative Levels (Toggle)
If enabled, the footprint builds cumulatively over time, rather than resetting per candle.
Use case: Visualize ongoing buildup of OI activity across a session or day.
Cumulative Levels Reset TF (Timeframe)
Sets the reset interval for the cumulative view (e.g., reset daily, hourly, etc.)
Works only when Cumulative Levels is enabled.
Delta Box Display Settings
Show Delta Percentage
Toggles the display of the percentage change in OI across the footprint level.
Helpful to gauge how aggressive positioning is relative to total OI at that level.
Show Longs/Shorts (Opened/Closed)
Show Longs Opened: Displays OI increase in up candles (price ↑, OI ↑).
Show Longs Closed: Displays OI decrease in down candles (price ↓, OI ↓).
Show Shorts Opened: OI increase in down candles (price ↓, OI ↑).
Show Shorts Closed: OI decrease in up candles (price ↑, OI ↓).
These behaviors are color-coded to give traders instant context:
Blue-green for longs opening.
Purple for longs closing.
Red for shorts opening.
Yellow for shorts closing.
Value Area & POC
Value Area % (Value Area %)
Controls how much cumulative open interest is used to define the value area.
Example: 70% means the smallest range of prices that contains 70% of total OI in that bar will be marked.
Helps identify zones of interest, support/resistance, and institutional levels.
The image above explains how to identify the VAH/VAL/POC shown by Open Interest Footprint IQ.
VAH = Upper 🞂
POC = ●
VAL = Lower 🞂
Imbalances
Imbalance Percentage
Defines the minimum delta % required at a level to be marked as an imbalance.
If the net open interest change at a level exceeds this threshold, a visual marker appears.
Stacked Imbalance Count
If the number of consecutive imbalance levels meets this count, a “Stacked Imbalance” alert will trigger.
This can signal aggressive buying or selling pressure, potential breakout zones, or institutional absorption.
Color Settings
Longs Opened / Closed, Shorts Opened / Closed
Customize the color palette for each order flow behavior.
These colors appear in the background gradient of the footprint boxes.
Up/Down Only Mode
Toggle to override all behavior-based colors with a single Up Color and Down Color.
Useful if you prefer a simple bull/bear view.
Up Color / Down Color
If "Up/Down Only" is enabled, these two colors are used to represent all net positive or negative deltas.
Special Notes
Crypto only: This script works only with crypto tickers on TradingView.
For other assets (stocks, futures), a warning message will appear instead.
OI data must be available from the exchange (many perpetual pairs support this).
If the footprint is too small or invisible, increase your tick level spacing in the settings.
Alerts
When a stacked imbalance is detected, an alert is fired ("Stacked Imbalance").
This feature is useful for automated systems, bots, or simply staying informed of potential trade setups.
And that's all for now!
If you have any questions or features you'd like to see feel free to share them in the comments below!
Thank you traders!
TradeQUO Herrick Payoff RSIHerrick Payoff Index RSI (HPI-RSI) with Signal Line
An advanced oscillator that measures market strength not just by price, but by "smart money flow."
This indicator is not a typical RSI. Instead of applying the Relative Strength Index to price alone, it calculates it on the cumulative Herrick Payoff Index (HPI) . This creates a unique oscillator that reflects the underlying sentiment and capital flow in the market.
What is the Herrick Payoff Index (HPI)?
The HPI is a classic sentiment indicator that combines three crucial elements to determine if money is flowing into or out of an asset:
Price Change: The direction and momentum of the market.
Trading Volume: The conviction behind the price movement.
Open Interest (OI): The total number of open contracts (mainly in futures), which indicates if new capital is entering the market.
By combining these factors, the HPI provides a more comprehensive picture of market strength than indicators based solely on price.
How This Indicator Works
The script follows a logical, multi-step process:
It calculates the raw Herrick Payoff Index for each bar.
It creates a cumulative sum of this index to generate a continuous money flow value.
This cumulative value is smoothed with a short-period EMA to reduce noise.
The RSI is then applied to this smoothed HPI value.
An additional, configurable signal line (moving average) is added to facilitate trading signals.
Interpretation and Application
You can use this indicator much like a standard RSI, but with the added context of money flow:
Overbought/Oversold: Values above 70 suggest an overbought condition, while values below 30 signal an oversold condition.
Signal Line Crossovers: A cross of the HPI-RSI line above the signal line can be seen as a bullish signal. A cross below can be seen as a bearish signal.
Divergences: Look for divergences between the indicator and the price. A bullish divergence (price makes a lower low, indicator makes a higher low) can indicate an upcoming move to the upside. A bearish divergence (price makes a higher high, indicator makes a lower high) can signal a potential move to the downside.
Settings
The indicator has been deliberately kept simple:
HPI Smoothing Length: Smoothing length (1-5) for the cumulative HPI.
RSI Length: The lookback period for the RSI calculation.
Signal Line Settings: Here you can enable/disable the signal line and customize its type and length.
Display Settings: Adjust the colors of the RSI and signal lines to your preference.
This indicator is a tool for analysis and should always be used in combination with other methods and a solid risk management strategy. Happy trading!
Aggregated Open Interest [Alpha Extract]The Aggregated Open Interest indicator provides a comprehensive view of open interest across multiple cryptocurrency exchanges, allowing traders to monitor institutional positioning and market sentiment. By aggregating data from major exchanges like Binance, BitMEX, and Kraken, this indicator offers valuable insights into potential price movements and market shifts.
🔶 CALCULATION
The indicator processes open interest data through multiple analytical methods:
Exchange Aggregation: Collects and normalizes open interest data from multiple exchanges (Binance, BitMEX, Kraken) with proper currency normalization.
Multi-Mode Analysis: Calculates various metrics including raw open interest values, OI change, OI delta, volume-weighted delta, and OI RSI.
Divergence Detection: Uses pivot point analysis to identify divergences between price action and open interest movements.
Activity Assessment: Tracks bullish and bearish activity patterns by correlating open interest changes with price movements.
Formula:
Aggregate OI = Sum of normalized open interest from selected exchanges
OI Change = Current OI - Previous OI
OI Delta = Net change in open interest across timeframes
OI Delta × Volume = OI Delta weighted by relative volume
OI RSI = Relative Strength Index applied to open interest values
OI Heatmap = Multi-timeframe visualization of OI changes across 7 distinct periods
🔶 DETAILS
Visual Features:
Open Interest: Candlestick representation of aggregated open interest
OI Change: Histogram showing period-to-period changes
OI Delta: Histogram displaying net OI movements
OI Delta × Volume: Volume-weighted OI delta for enhanced signals
OI RSI: Oscillator showing overbought/oversold OI conditions
OI Heatmap: Multi-timeframe visualization showing OI changes across 7 periods (3, 5, 8, 13, 21, 34, and 55 days)
Divergence Detection: Color-coded markers (teal for bullish, red for bearish) highlighting significant divergences between price and open interest
Analysis Table: Real-time summary of key metrics including aggregate OI, recent changes, and bullish/bearish activity.
Interpretation:
Increasing Open Interest + Rising Price: Strong bullish trend confirmation
Increasing Open Interest + Falling Price: Strong bearish trend confirmation
Decreasing Open Interest + Rising Price: Weak bullish trend (potential reversal)
Decreasing Open Interest + Falling Price: Weak bearish trend (potential reversal)
Divergences: Signal potential trend exhaustion and reversals when price moves in one direction while open interest moves in the opposite direction
Heatmap: Provides at-a-glance insight into open interest trends across multiple timeframes, with green bars indicating rising OI and red bars indicating falling OI
🔶 EXAMPLES
Trend Confirmation: Rising open interest accompanying a price increase confirms strong bullish momentum with institutional backing.
Example: During January-February 2025, rising OI during price advances confirms institutional participation in the uptrend.
Bearish Divergence: Price makes a higher high while open interest makes a lower high, signaling potential trend reversal.
Example: Red markers appear at market tops where price continues higher but open interest fails to confirm, preceding significant corrections.
Bullish Divergence : Price makes a lower low while open interest makes a higher low, indicating potential bottoming.
Example: Teal markers appear at market bottoms where price continues lower but open interest fails to confirm, preceding significant rallies.
OI Heatmap Analysis : Multiple timeframes showing consistent red signals across short to long-term periods indicate strong institutional selling pressure.
Example: When all 7 periods (3-55 days) show red during a price uptrend, this signals institutional selling into retail strength, often preceding major corrections.
🔶 SETTINGS
Customization Options:
Data Sources: Toggle different exchanges (Binance USDT/USD/BUSD, BitMEX USD/USDT, Kraken USD)
Display Mode: Choose between Open Interest, OI Change, OI Delta, OI Delta × Volume, OI RSI, and OI Heatmap
Currency Units: Display in USD or base cryptocurrency (COIN)
Analysis Tools: Moving Average (length and color), RSI (length and color)
Divergence Detection: Enable/disable signals, adjust lookback period and threshold percentage, customize bullish/bearish divergence colors
OI Heatmap Colors: Customize bullish (green) and bearish (red) signal colors for the multi-timeframe heatmap visualization
The Aggregated Open Interest indicator provides traders with comprehensive insights into institutional positioning across major exchanges, helping identify potential trend continuations, reversals, and key market turning points driven by smart money movements. The addition of the OI Heatmap feature enables traders to quickly visualize open interest trends across multiple timeframes, providing valuable context for institutional positioning over different market cycles.
Larry Williams POIV A/D [tradeviZion]Larry Williams' POIV A/D - Release Notes v1.0
=================================================
Release Date: 01 April 2025
OVERVIEW
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The Larry Williams POIV A/D (Price, Open Interest, Volume Accumulation/Distribution) indicator implements Williams' original formula while adding advanced divergence detection capabilities. This powerful tool combines price movement, open interest, and volume data to identify potential trend reversals and continuations.
FEATURES
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- Implements Larry Williams' original POIV A/D formula
- Divergence detection system:
* Regular divergences for trend reversal signals
* Hidden divergences for trend continuation signals
- Fast Mode option for earlier pivot detection
- Customizable sensitivity for divergence filtering
- Dynamic color visualization based on indicator direction
- Adjustable smoothing to reduce noise
- Automatic fallback to OBV when Open Interest is unavailable
FORMULA
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POIV A/D = CumulativeSum(Open Interest * (Close - Close ) / (True High - True Low)) + OBV
Where:
- Open Interest: Current period's open interest
- Close - Close : Price change from previous period
- True High - True Low: True Range
- OBV: On Balance Volume
DIVERGENCE TYPES
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1. Regular Divergences (Reversal Signals):
- Bullish: Price makes lower lows while indicator makes higher lows
- Bearish: Price makes higher highs while indicator makes lower highs
2. Hidden Divergences (Continuation Signals):
- Bullish: Price makes higher lows while indicator makes lower lows
- Bearish: Price makes lower highs while indicator makes higher highs
REQUIREMENTS
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- Works best with futures and other instruments that provide Open Interest data
- Automatically adapts to work with any instrument by using OBV when OI is unavailable
USAGE GUIDE
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1. Apply the indicator to any chart
2. Configure settings:
- Adjust sensitivity for divergence detection
- Enable/disable Fast Mode for earlier signals
- Customize visual settings as needed
3. Look for divergence signals:
- Regular divergences for potential trend reversals
- Hidden divergences for trend continuation opportunities
4. Use the alerts system for automated divergence detection
KNOWN LIMITATIONS
----------------
- Requires Open Interest data for full functionality
- Fast Mode may generate more signals but with lower reliability
ACKNOWLEDGEMENTS
---------------
This indicator is based on Larry Williams' work on Open Interest analysis. The implementation includes additional features for divergence detection while maintaining the integrity of the original formula.
BTC: Open InterestThis indicator tracks the 7-day (default) percentage change in open interest (OI), providing insights into market participation trends. It includes customizable periods and colors, allowing traders to adjust settings for better visualization.
Open interest (OI) is the total number of active contracts (futures or options) that haven’t been closed or settled. It represents the total open positions in the market.
Thus when OI increases, more traders are entering new positions, signaling growing market interest. Conversely, when OI decreases, positions are being closed, suggesting lower trader participation or liquidation.
Attributes & Features:
Open Interest Percentage Change – Measures the 7-day % change in open interest to track market participation.
Customizable Calculation Period – Users can adjust the period (default: 7 days) for more flexible analysis.
Adjustable Colors – Allows modification of colors for better visualization.
Trend Identification – Highlights rising vs. falling open interest trends.
Works Across Assets – Can be used for cryptos, stocks, and futures with open interest data.
Overlay or Separate Panel – Can be plotted on price chart or as a separate indicator.
How It Works:
Fetches Open Interest Data – Retrieves open interest values for each day for USD, USDT, and USDC Bitcoin Perpetual Derivitives.
Calculates Percentage Change – Compares current open interest to its value X days ago (Default = 7 days).
Standard Deviation – Applies standard deviation ranging from -2 to +2 deviations to identify large shifts in OI.
Visual Alerts – Can highlight extreme increases or decreases signaling potential market shifts.
NOTE: THE INDICATOR DATA ONLY GOES BACK TO START OF 2022
Open Interest (Multiple Exchanges for Crypto)On some cryptocurrencies and exchanges the OI data is nonexistent or deplorable. With this indicator you can see OI data from multiple exchanges (or just the best one) from USD,USDT, or USD+USDT pairs whether you are using a perpetuals chart or not.
Hope you all like it!
Open Interest (OI) Delta [UAlgo]The Open Interest (OI) Delta indicator is a tool designed to provide insights into the dynamics of Open Interest changes within the futures market. Open Interest (OI) refers to the total number of outstanding derivative contracts, such as options or futures, that have not been settled. The OI Delta measures the change in Open Interest over a specified period, allowing traders to assess whether new money is entering the market or existing positions are being closed.
This indicator offers two distinct display modes to visualize OI Delta, along with customizable levels that help in categorizing the magnitude of OI changes. Additionally, it provides the option to color-code the bars on the price chart based on the intensity and direction of OI Delta, making it easier for traders to interpret market sentiment and potential future price movements.
🔶 Key Features
Two Display Modes: Choose between two different modes for visualizing OI Delta, depending on your analysis preferences:
Mode 1: Displays the OI Delta directly as positive or negative values.
Mode 2: Separates positive and negative OI Delta values, displaying them as absolute values for easier comparison.
Customizable Levels: Set up to four levels of OI Delta magnitude, each with customizable thresholds and colors. These levels help categorize the OI changes into Normal, Medium, Large, and Extreme ranges, allowing for a more nuanced interpretation of market activity.
MA Length and Standard Deviation Period: Adjust the moving average length and standard deviation period for OI Delta, which smooths out the data and helps in identifying significant deviations from the norm.
Color-Coded Bar Chart: Optionally color the price bars on your chart based on the OI Delta levels, helping to visually correlate price action with changes in Open Interest.
Heatmap Display: Toggle the display of OI Delta levels on the chart, with the option to fill the areas between these levels for a more visually intuitive understanding of the data.
🔶 Interpreting Indicator
Positive vs. Negative OI Delta:
A positive OI Delta indicates that the Open Interest is increasing, suggesting that new contracts are being created, which could imply fresh capital entering the market.
A negative OI Delta suggests that Open Interest is decreasing, indicating that contracts are being closed out or settled, which might reflect profit-taking or a reduction in market interest.
Magnitude Levels:
Level 1 (Normal OI Δ): Represents typical, less significant changes in OI. If the OI Delta stays within this range, it may indicate routine market activity without any substantial shift in sentiment.
Level 2 (Medium OI Δ): Reflects a more significant change in OI, suggesting increased market interest and possibly the beginning of a new trend or phase of market participation.
Level 3 (Large OI Δ): Indicates a strong change in OI, often associated with a decisive move in the market. This could signify strong conviction among market participants, either bullish or bearish.
Level 4 (Extreme OI Δ): The highest level of OI change, often preceding major market moves. Extreme OI Δ can be a signal of potential market reversals or the final phase of a strong trend.
Color-Coded Bars:
When enabled, the color of the price bars will reflect the magnitude and direction of the OI Delta. This visual aid helps in quickly assessing the correlation between price movements and changes in market sentiment as indicated by OI.
This indicator is particularly useful for futures traders looking to gauge the strength and direction of market sentiment by analyzing changes in Open Interest. By combining this with price action, traders can gain a deeper understanding of market dynamics and make more informed trading decisions
🔶 Disclaimer
Use with Caution: This indicator is provided for educational and informational purposes only and should not be considered as financial advice. Users should exercise caution and perform their own analysis before making trading decisions based on the indicator's signals.
Not Financial Advice: The information provided by this indicator does not constitute financial advice, and the creator (UAlgo) shall not be held responsible for any trading losses incurred as a result of using this indicator.
Backtesting Recommended: Traders are encouraged to backtest the indicator thoroughly on historical data before using it in live trading to assess its performance and suitability for their trading strategies.
Risk Management: Trading involves inherent risks, and users should implement proper risk management strategies, including but not limited to stop-loss orders and position sizing, to mitigate potential losses.
No Guarantees: The accuracy and reliability of the indicator's signals cannot be guaranteed, as they are based on historical price data and past performance may not be indicative of future results.
Open Interest liquidation map [Ox_kali]This script is inspired by @LeviathanCapital work on aggregating Open Interest , as presented in the Open Interest Suite Aggregated script. This script aims to provide a liquidation map of Open Interest by identifying significant anomalies across multiple trading platforms. By integrating data from Binance, BitMEX, and Kraken, this script tries to offer a comprehensive and detailed view of Open Interest movements and attempts to define zones of interest.
Key Points
1. Multiple Data Sources : The script retrieves Open Interest data from several trading platforms, including Binance (USDT, USD, BUSD), BitMEX (USD, USDT), and Kraken (USD).
2. Anomaly Detection : Utilizes a simple moving average (SMA) to calculate the average size of Open Interest candles and identify anomalies based on a user-specified size factor.
3. Background Coloring : Offers an option to color the background of the charts based on detected anomalies, allowing for clear visualization of significant movements.
4. Dynamic Support and Resistance Zones : Defines and dynamically updates support and resistance zones based on Open Interest anomalies.
5. Alerts : Configures alerts to notify the user when an Open Interest anomaly is detected.
Trading Utility
This script can be useful for monitoring significant changes in Open Interest and potential liquidation zones across multiple platforms. The main trading applications include:
1. Identifying Liquidation Points : By detecting Open Interest anomalies, it is possible to identify potential liquidation points where significant price movements might occur.
2. Multi-Platform Analysis : By aggregating Open Interest data from multiple platforms, a more comprehensive market overview is obtained.
3. Detecting Support and Resistance Zones : Dynamic support and resistance zones help identify key price levels where trend reversals might occur.
4. Customized Alerts: Anomaly alerts allow for automated responses to market changes.
Conclusion
The “Open Interest liquidation map ” script is an experimental tool for analyzing Open Interest across multiple trading platforms. Inspired by Leviathan’s work, this script attempts to identify liquidation and interest zones. This is an experimental version, and I welcome any comments and feedback for improvement.
Please note that the Open Interest liquidation map is not a guarantee of future market performance and should be used in conjunction with proper risk management. Always ensure that you have a thorough understanding of the indicator’s methodology and its limitations before making any investment decisions. Additionally, past performance is not indicative of future results.
RSI Screener / Heatmap - By LeviathanThis script allows you to quickly scan the market by displaying the RSI values of up to 280 tickers at once and visualizing them in an easy-to-understand format using labels with heatmap coloring.
📊 Source
The script can display the RSI from a custom timeframe (MTF) and custom length for the following data:
- Price
- OBV (On Balance Volume)
- Open Interest (for crypto tickers)
📋 Ticker Selection
This script uses a different approach for selecting tickers. Instead of inputting them one by one via input.symbol(), you can now copy-paste or edit a list of tickers in the text area window. This approach allows users to easily exchange ticker lists between each other and, for example, create multiple lists of tickers by sector, market cap, etc., and easily input them into the script. Full credit to @allanster for his functions for extracting tickers from the text. Users can switch between 7 groups of 40 tickers each, totaling 280 tickers.
🖥️ Display Types
- Screener with Labels: Each ticker has its own color-coded label located at its RSI value.
- Group Average RSI: A standard RSI plot that displays the average RSI of all tickers in the group.
- RSI Heatmap (coming soon): Color-coded rows displaying current and historical values of tickers.
- RSI Divergence Heatmap (coming soon): Color-coded rows displaying current and historical regular/hidden bullish/bearish divergences for tickers.
🎨 Appearance
Appearance is fully customizable via user inputs, allowing you to change heatmap/gradient colors, zone coloring, and more.
Open Interest Inflows & Outflows [LuxAlgo]The Open Interest Inflows & Outflows indicator focuses on highlighting alterations in the overall count of active contracts associated with a specific financial instrument.
The indicator also includes an oscillator highlighting the price sentiment to use in conjunction with the open interest flow sentiment and also includes a rolling correlation of the open interest flow sentiment with a user-selected source.
🔶 USAGE
Open Interest (OI) indicates the total number of active contracts, encompassing both long and short positions, for a specific financial instrument at any given moment. This key indicator helps traders and analysts assess market activity and sentiment.
An increase in open interest generally indicates new money flowing into the market, suggesting increased activity and the potential for a trending market. Conversely, a decrease in open interest indicates that traders are closing their positions, suggesting less interest in that particular contract.
Open Interest Flow Sentiment assesses the correlation between the initiation of new positions (inflows) and the closure of existing positions (outflows) for a particular instrument. Positive values suggest a prevalence of inflows, while negative values signify a prevalence of outflows.
The magnitude of the deviation from zero reflects the extent of dominance, either in inflows or outflows.
Price Sentiment estimates the relationship between the strength of bulls (buyers) and bears (sellers) on an instrument. Positive values indicate higher bull power and negative values indicate higher bear power.
The correlation feature is a key component of the indicator and helps analyze the relationship between trading volume and Open Interest changes. If volume increases along with rising Open Interest, it supports the validity of the price trend.
A divergence between price movement, volume, and Open Interest may signal potential reversals.
🔶 DETAILS
This indicator, based on Dr. Alexander Elder's acclaimed Elder-Ray concept, aids traders in evaluating the strength of both bulls and bears by delving beneath the surface of the markets. It uncovers data not immediately apparent from a superficial glance at prices. The indicator comprises two components: Bull Power and Bear Power.
Considering that the high price of any candle signifies the maximum power of buyers and the low price represents the maximum power of sellers, Elder employs the 13-period Exponential Moving Average (EMA) to depict the average consensus of price value. Bull Power assesses whether buyers can drive prices above the average consensus of value, while Bear Power assesses whether sellers can push prices below this average.
Here are the formulas for Bull Power and Bear Power:
bull_power = high - ema(close, 13)
bear_power = low - ema(close, 13)
This concept is utilized to calculate Open Interest Flow Sentiment and Price Sentiment. The Open Interest Flow Sentiment estimates the relationship between new positions (inflows) and positions being closed (outflows), providing insights into market dynamics. The Price Sentiment, on the other hand, gauges the correlation between price movements and the Elder-Ray components, aiding traders in identifying potential shifts in market sentiment and momentum.
🔶 SETTINGS
🔹Open Interest Inflows & Outflows
OI Sentiment Correlation: toggles the visibility of Open Interest correlation with a variety of sources.
Money Flow Estimates: toggles the visibility of Money Flow Estimates calculated for the last bar.
🔹Style
OI Flow Sentiment: toggles the visibility of Open Interest Flow Sentiment, along with color customization options.
Price Sentiment: toggles the visibility of Price Sentiment, along with color customization options.
Correlation Colors: color customization option for the Correlation Area.
🔹Others
Smoothing: smoothing length applicable for Open Interest Flow Sentiment and Price Sentiment.
🔶 RELATED SCRIPTS
Open-Interest-Chart
Liquidation-Estimates
Thanks to our community for recommending this script. For more conceptual scripts and related content, we welcome you to explore by visiting >>> LuxAlgo-Scripts .
Open Interest SThis script shows Open Interest. You can choose measure, view and highlight large OI changes based on Z-Score.
Features
Measure USD or COIN
View OI Candles or OI Change columns with wicks
Z-Score Highlight Z Length is the period for calculations, Z Threshold is the standard
deviation from the average change in OI for the selected period
Color You can change the colors for OI
Liquidation Level ScreenerThe Liquidation Level Screener is an analytical tool designed for traders who seek a comprehensive view of potential liquidation zones in the market. This script, adaptable to almost any timeframe from 1 minute to 3 days, offers a unique perspective by mapping out key liquidation levels where significant market actions could occur.
Key Features:
Multi-Exchange Data Aggregation: Unlike many other indicators, the Liquidation Levels Indicator compiles data from multiple leading exchanges including Binance, Bitmex, Kraken, and Bitfinex. This approach ensures a more holistic and accurate representation of market sentiment, providing insights into potential liquidation points across various platforms.
Customizable Timeframes and Modes: The script is versatile, working effectively across various timeframes. It operates in two distinct modes:
Actual Levels Display: Visually represents potential liquidation levels.
Settings Mode: Showcases an open interest (OI) oscillator. When OI is exceptionally high, indicating a surge in opened positions at a specific candle, it signals traders to be vigilant about upcoming liquidation levels.
Three-Tier Liquidation System: The indicator categorizes liquidation levels into three distinct tiers based on open interest levels—1, 2, and 3—with Level 3 representing the highest concentration of open positions. This tiered approach allows traders to gauge the significance of each level and adjust their strategies accordingly.
Histogram Visualization: A novel feature of this script is the histogram on the chart's right side, representing the concentration of liquidation levels in specific market zones. This visual aid helps traders identify crucial areas that warrant close attention, enhancing decision-making.
Customizable Options:
Moving Averages: Choose from a wide range of moving average types, including VWMA, SMA, EMA, and more, to tailor the indicator to your analysis style.
Histogram Settings: Adjust the number of histograms, lookback bars, and their proximity to the latest candle, allowing for a personalized density and range of visualization.
Liquidation Level Sensitivity: Set thresholds for different liquidation levels, fine-tuning the indicator to detect varying degrees of market leverage.
Color Coding: Customize the color scheme for different leverage levels, enhancing visual clarity and ease of interpretation.
The Liquidation Level Screener offers a unique edge by highlighting potential zones where significant market movements can occur due to liquidations. By consolidating data from multiple exchanges, it provides a more rounded view of market behavior, which is essential in today’s interconnected trading environment. The tiered liquidation system and histogram feature equip traders with the ability to identify and focus on key market segments where high activity is expected. This tool is particularly valuable for traders who base their strategies on market liquidity and leverage dynamics.
Open Interest OscillatorIn the middle of a bustling cryptocurrency market, with Bitcoin navigating a critical phase and the community hype over potential ETF approvals, current funding rates, and market leverage, the timing is optimal to harness the capabilities of sophisticated trading tools.
Meet the Open Interest Oscillator – special indicator tailored for the volatile arena of cryptocurrency trading. This powerful instrument is adept at consolidating open interest data from a multitude of exchanges, delivering an in-depth snapshot of market sentiment across all timeframes, be it a 1-minute sprint or a weekly timeframe.
This versatile indicator is compatible with nearly all cryptocurrency pairs, offering an expansive lens through which traders can gauge the market's pulse.
Key Features:
-- Multi-exchange Data Aggregation: This feature taps into the heart of the crypto market by aggregating open interest data from premier exchanges such as BINANCE, BITMEX, BITFINEX, and KRAKEN. It goes a step further by integrating data from various pairs and stablecoins, thus providing traders with a rich, multi-dimensional view of market activities.
-- Open Interest Bars: Witness the flow of market dynamics through bars that depict the volume of positions being opened or closed, offering a clear visual cue of trading behavior. In this mode, If bars are going into negative zone, then traders are closing their positions. If they go into positive territory - leveraged positions are being opened.
-- Bollinger Band Integration: Incorporate a layer of statistical analysis with standard deviation calculations, which frame the open interest changes, giving traders a quantified edge to evaluate the market's volatility and momentum.
-- Oscillator with Customizable Thresholds: Personalize your trading signals by setting thresholds that resonate with your unique trading tactics. This customization brings the power of tailored analytics to your strategic arsenal.
-- Max OI Ceiling Setting: In the fast-paced crypto environment where data can surge to overwhelming levels, the Max OI Ceiling ensures you maintain a clear view by capping the open interest data, thus preserving the readability and interpretability of information, even when market activity reaches feverish heights.
OI Visible Range Ladder [Kioseff Trading]Hello!
This Script “OI Visible Range Ladder” calculates open interest profiles for the visible range alongside an OI ladder for the visible period!
Features
OI Profile Anchored to Visible Range
OI Ladder Anchored to Visible Range
Standard POC and Value Area Lines, in Addition to Separated POCs and Value Area Lines for each category of OI x Price
Configurable Value Area Targets
Curved Profiles
Up to 9999 Profile Rows per Visible Range
Stylistic Options for Profiles
Up to 9999 volume profile levels (Price levels) can be calculated for each profile, thanks to the new polyline feature, allowing for less aggregation / more precision of open interest at price.
The image above shows primary functionality!
Green profiles = Up OI / Up Price
Yellow profiles = Down OI / Up Price
Purple profiles = Up OI / Down Price
Red profiles = Down OI / Down Price
The image above shows POCs for each OI x Price category!
Profiles can be anchored on the left side for a more traditional look.
The indicator is robust enough to calculate on “small price periods”, or for a price period spanning your entire chart fully zoomed out!
That’s about it :D
This indicator is Part of a series titled “Bull vs. Bear” - a suite of profile-like indicators.
Thanks for checking this out!
If you have any suggestions please feel free to share!
Zig-Zag Open Interest Footprint [Kioseff Trading]Hello!
This script "Zig Zag Open Interest Footprint" calculates open interest x price values for zig zag trends!
Features
Open interest footprints anchored to zig zag trends
Summed OI x price level footprints
Total OI (for each category) for the entire trend shown
Standard POC lines, in addition to separated POC lines for each category of open interest x price possibility
Up to 9999 profile rows per zigzag trend
Stylistic options for profiles
Configurable zig zag - footprints generated for small to large trends
The zigzag indicator is configurable as normal; minor and major trend volume footprints are calculable. This indicator can be thought of as "Open Interest Footprint for Trends''.
Up to 9999 open interest levels (price levels) can be calculated for each profile, thanks to the new polyline feature, allowing for less aggregation / more precision of open interest at price.
Zig Zag OI Footprints
The image above shows primary functionality!
Green = Higher OI + Higher Price
Yellow = Lower OI + Higher Price
Purple = Higher OI + Lower Price
Red = Lower OI + Lower Price
Profiles are generated for each trend identified by the zigzag indicator.
The image above shows the indicator calculating open interest x price for specific price blocks on the footprint. Aggregate open interest for the identified trend is displayed over the profile!
Neon highlighted values correspond to the highest open interest change for the category. This is a configurable option :D
The image above shows POC lines for each category of open interest x price!
Additionally, you can select to show a single POV for footprint - the single level the greatest amount of OI change occurred.
The indicator is robust enough to calculate on "long zig zags" and "short zig zags"; curved profiles can also be used!
The image above shows key levels, each OI footprint, and summed OI values for the current trend!
That's about it :D
This indicator is part of a series titled "Bull vs. Bear" - a suite of profile-like indicators I will be releasing over the coming days. Thanks for checking this out!
If you have any suggestions please feel free to share!
TASC 2023.10 COT Commercials Indicator█ OVERVIEW
This script implements the COT Commercials Indicator introduced by Alfred François Tagher in an article featured in TASC's October 2023 edition of Traders' Tips . The indicator is designed for use in futures markets and represents a fast stochastic (%K) calculated based on the commercial open interest values of an asset derived from the weekly Commitments Of Traders (COT) report .
█ CONCEPTS
The COT report, issued by the Commodity Futures Trading Commission (CFTC) , presents a breakdown of reportable open interest positions held by various trader groups—commercial, noncommercial, and nonreportable (small traders). Open interest reflects the total number of derivative contracts entered by market participants but not yet settled. Consequently, it can serve as a measure of market activity and liquidity.
The indicator showcased here aims to analyze changes in the reported net values of open interest for commercial traders/hedgers (often referred to as 'smart money', as they deal directly in underlying commodities). The net values are positive when the commercial traders have more long positions than short ones and negative when they hold more short positions than long ones. Positive net values indicate that commercial traders hold more long positions than short ones, while negative values indicate the opposite. Thus, overbought and oversold conditions of the COT Commercials Indicator potentially suggest collective bullish and bearish sentiments, respectively.
█ CALCULATIONS
The calculations involve these steps:
1. Net open interest values are extracted from COT data using the LibraryCOT library provided by TradingView.
2. A fast stochastic indicator (%K) is then applied to normalize these net values.
The script also provides an option of calculating and plotting the indicator curve for noncommercial (speculators) open interest.
