This script is an all-in-one indicator that uses aggregated Open Interest data to plot OI candles, Open Interest Delta, OI x rVOL, and OI RSI. It also includes tools such as an OI Distribution profile, large OI increase/decrease coloring, a Stats Screener, and much more.
You can select and have the script plot the following: - Open Interest in the form of OHLC candles - Open Interest Delta in the form of a histogram - Open Interest x Relative Volume in the form of a histogram - Open Interest RSI in the form of a line
Additional features include: - OI Distribution Profile (It shows the distribution of open interest in the visible range on y axis. This makes it easier to identify when Open Interest is relatively high or low and at which values most of the action took place) - Stats screener (The screener includes the real-time net Open Interest value, Rekt Longs/Rekt Shorts based on large OI decreases and Aggressive Longs/Shorts based on large OI increases) - Coloring (You can color OI Delta nodes, background and chart candles based on large OI increases/decreases) - more
Instructions for the settings will be provided in the tooltips shortly.
Full credit goes to @KioseffTrading for the profile generation code.
Does it only work on Bitcoin? Does other coins work?
CrypticInvestments
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Man you are KILLING it!!!! Loving these tools lately, keep up the great work.
marktiu
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In case anyone wants to add alerts to large OI increases/decreases:
// Alert conditions alertcondition(show_loi and large_oi_up, title="Large OI Increase", message="Large Open Interest Increase Detected") alertcondition(show_lod and large_oi_dw, title="Large OI Decrease", message="Large Open Interest Decrease Detected")
ttilits
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Thank for your awesome work. Can you please add alerts for divergences? 🙏🙏🙏
wanso4333
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hi, like ur cdv indicator it messes up the chart bars colors. if u can fix that pls much appreciated :)
LeviathanCapital
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@wanso4333, i'm not sure what you mean, so please elaborate. it all works well on my end
wanso4333
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@LeviathanCapital, on my setup, i have colored vector candles on the chart with hollowed normal volume candles, and cdv candles wicks showing momentum colored.. so its a little complicated to explain.. i really want to use ur OI indicator.. but it messes up, overrides the candles on my chart.
marktiu
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Hey Fam
I was wondering if anyone is having troubles viewing the OI candles? I started having issues since yesterday
Now I just have a blank screen when I open it up
Lolita98
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@marktiu, yes, every time I have to keep reactivating the indicador to make it show again….taught was my pc