OPEN-SOURCE SCRIPT
OI Value (aproximado)
This indicator estimates the Open Interest Value (USD) by multiplying the Open Interest (contracts) of the BTCUSDT Perpetual Futures by the current price.
It provides an approximate view of how much capital is engaged in open positions, helping traders visualize whether new money is entering or leaving the market.
Use Case:
Rising OI Value → New capital entering the market (trend strengthening)
Falling OI Value → Positions being closed or liquidated (trend weakening)
Designed for traders combining Open Interest analysis with price action and volume-based indicators such as OBV or Delta Volume.
It provides an approximate view of how much capital is engaged in open positions, helping traders visualize whether new money is entering or leaving the market.
Use Case:
Rising OI Value → New capital entering the market (trend strengthening)
Falling OI Value → Positions being closed or liquidated (trend weakening)
Designed for traders combining Open Interest analysis with price action and volume-based indicators such as OBV or Delta Volume.
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.