OPEN-SOURCE SCRIPT
Sinal de Shorts e Longs (OI + OBV + RSI)
This indicator combines Open Interest (OI), On-Balance Volume (OBV), and RSI to identify potential short and long pressures in the market.
When OI increases, OBV decreases, and RSI > 40, it signals short entries and possible bearish pressure.
When OI increases, OBV also increases, and RSI < 60, it signals long entries and potential bullish reversals.
Visual signals (S and L) are displayed directly on the chart for quick interpretation.
Useful for tracking futures market sentiment and spotting shifts in trader positioning.
When OI increases, OBV decreases, and RSI > 40, it signals short entries and possible bearish pressure.
When OI increases, OBV also increases, and RSI < 60, it signals long entries and potential bullish reversals.
Visual signals (S and L) are displayed directly on the chart for quick interpretation.
Useful for tracking futures market sentiment and spotting shifts in trader positioning.
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.
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
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.
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.