Open Interest Delta - By Leviathan

This script plots Open Interest Delta (change in OI). It also draws a heatmap and colors chart's candles to help you identify bars with large OI increase or decrease and apply Open Interest analysis concepts to your trading.

Positive OI Delta = net increase in open/unsettled positions
Negative OI Delta = net decrease in open/unsettled positions

Release Notes

Updated OI source

Open-source script

In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.

For quick access on a chart, add this script to your favorites — learn more here.

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Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

Open-source script

For quick access on a chart, add this script to your favorites — learn more here.

LeviathanCapital

Also on: