Noldo

Open Interest Stochastic Money Flow Index

This is the improved version of Stochastic Money Flow Index script that uses Open Interest instead of volume in Future markets.
I think it will make a difference especially in Future and CFD markets.
Since the system will pull data from Quandl, CFTC reports may cause repaint when disclosed.
So if you use it during the weekly time frame (1W), it will definitely not repaint.
You can also use the volume by selecting "Others" from the menu.This option applies to each instrument, you can use it on any financial instrument with or without COT data.

Bitcoin is included in the "Futures" option.
In Futures , you can observe the difference of Open Interest's success by comparing, since it counts exchanges between the two parties singularly, it reacts more firmly to speculative movements.
This script also includes alerts and bar color options, you can use from the menu.
It is also suitable for mutable variables.This script was freed from the integer loads.You can modify it in any adaptive or fractional period.

I hope it will help your analyzes, regards .
Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

Want to use this script on a chart?

Comments

HI Sir,
How to use this oi indicator pls share the detail, i do use open interest manually how can i get help from this indicator pls guide
Thanks
+38 Reply
Hello Sir Noldo... greetings
If i wanna to pull the data from NSE (National Stock Exchange... India) then how can I?
+36 Reply
Noldo hyrajkalyani
@hyrajkalyani,
Hello, thanks for your interest.
These data are Commitment of Traders data from Quandl.
As far as I know, it includes Future markets and currencies, mainly the Goods markets.
+18 Reply
Can I use this indicator in Tradingview USOIL chart on 15 minute time frame ?
+11 Reply
How come this does not work for ETH?
+7 Reply
hii sir i want this
+5 Reply
Noldo Pr123456
@Pr123456, That's free .
+1 Reply
do i have to sign up with Quandl to make this script work ?
+4 Reply
Hi Noldo,

Whether this script will work for Indian stocks symbols.

Thank You
+3 Reply