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Open Interest

Liquidation Levels - By LeviathanThis indicator generates liquidation levels of over-leveraged traders and utilizes a variety of different tools to analyze data such as Open Interest and Volume to provide an edge in your trading system and help you with valuable market insights. The concept of this indicator is inspired by the platform Hyblock and their Liquidation Levels tool. The script offers a lot of flexibility in settings, so please read these instructions and test out different parameters to see what works best for you. Here is a short overview of all inputs, one by one. PRIMARY SOURCE OF DATA This input allows you to choose the primary source of data that the script uses to calculate liquidation levels. I encourage you to test them all and see which works best for the assets and timeframes you trade. You can also regularly switch between to see confluences. My personal favorite inputs (and also most accurate ones) are Open Interest, Open Interest + Volume (OI+VOL), and Open Interest + CVD (OI+CVD), as they utilize Open Interest in the calculations, which is the most important factor when it comes to analyzing position opening/closing and market activity in general. The other options that do not include Open Interest (Volume, CVD) were mainly added to provide the possibility to use the indicator on pairs where OI data is not available. Please note that this indicator is built on Tradingview and can only use data (e.g., Open Interest) provided by Tradingview, which is unfortunately quite limited. This is why I recommend using the script with OI-based data source inputs on Binance's perpetual futures pairs, as this is where OI data is available. The volume-based data source inputs can be used on spot pairs, forex, indices, and other markets, where Open Interest data is not provided. To summarize the use of Primary Source of Data input: 1. Open Interest - use on Binance’s perpetual futures or anywhere else where OI data is available 2. OI + VOL - use on Binance’s perpetual futures or anywhere else where OI data is available 3. OI + CVD - use on Binance’s perpetual futures or anywhere else where OI data is available 4. CVD - use on any pair you wish 5. Volume - use on any pair you wish DIRECTIONAL BIAS If turned on, the Directional bias function uses volume and some other calculations to predict which side’s liquidation levels are more likely to be filled and only keep those levels on your chart. - Directional Bias for Liquidation Levels Turned ON: only one side’s liquidation levels are shown on the chart Turned OFF: all liquidation levels are shown on the chart - Directional Bias for Liquidation Level Bubbles Turned ON: only one side’s liquidation level bubbles are shown on the chart Turned OFF: all liquidation level bubbles are shown on the chart I've separated directional bias options between Liquidation Levels and Liquidation Level Bubbles because sometimes it can be useful to have one of them ON and the other one OFF. REDUCE SENSITIVITY The Reduce Sensitivity option allows you to multiply the thresholds for "Smaller Size Liquidation," "Medium Size Liquidation," and "Large Size Liquidation" simultaneously. This is a useful feature as it enables you to easily filter larger positions and their liquidations without having to manually alter the standard deviation multipliers, which will be discussed in further detail later in the article. The default value is 1, which means that it does nothing. Increasing it above 1 will increase all thresholds and therefore generate fewer liquidation levels but with larger relative sizes. Decreasing it below 1 will lower all thresholds and therefore generate more liquidation levels but with both smaller and larger relative sizes. BASE This input gives you the possibility to choose between four different bases, from which the liquidation levels will be generated. CLOSE ⇒ Levels are plotted above and below the close of the candle HALF ⇒ Levels are plotted above and below the middle of the candle ((high+low)/2) VWAP ⇒ Levels are plotted above and below the volume-weighted average price VWMA ⇒ Levels are plotted above and below the volume-weighted moving average I suggest that you backtest them and see what works best for you. LIQUIDATION LEVEL BUBBLES If enabled, "Liquidation Level Bubbles" mark the beginning of a new liquidation level and indicate the relative size of liquidations that would occur if the price were to reach that level. Liquidation Bubbles or Liquidation Levels in general appear when there is a large influx of new positions and logically, (significant) new positions lead to (significant) new liquidation levels. Liquidation Bubbles can be used to estimate the size and therefore significance of a given liquidation level. It could be argued that the price is more likely to be attracted to larger Liquidation Level Bubbles. While this is often true, it is not always the case as the strong momentum created by large positions can sustain for a prolonged period before reversing and filling the remaining levels Similarly to other features in this indicator, significant new positions are identified and filtered using standard deviation thresholds and their multipliers. New positions are considered significant when newly opened positions exceed the threshold for "Smaller Size Liquidation," leading to the creation of new liquidation levels and bubbles. 1. If new positions exceed the first standard deviation multiplier ("Smaller Size Liquidation Level"), but do not exceed “Medium Size Liquidation Level”, a smaller-sized bubble appears. 2. If new positions exceed the second standard deviation multiplier (”Medium Size Liquidation Level”), but do not exceed “Large Size Liquidation Level”, a medium-sized bubble appears. 3. If new positions surpass the third standard deviation multiplier (”Large Size Liquidation Level”), a large-sized bubble appears. Significant opened positions are identified and filtered by size using three "thresholds" in the form of standard deviations, which can be modified in the indicator settings, in the section called "Standard Deviation Multipliers". **Increasing** the standard deviation multipliers of Liquidation Level Bubbles effectively increases the threshold for a given bubble to occur, making the conditions for its appearance stricter. ⇒ Fewer Liquidation Levels - just larger positions are included **Decreasing** the standard deviation multipliers of Liquidation Level Bubbles effectively decreases the threshold for a given bubble to occur, making the conditions for its appearance looser. ⇒ More Liquidation Levels - smaller positions are included Keep in mind that this should always be the case: *Smaller Size Liquidation Level < Medium Size Liquidation Level < Large Size Liquidation Level* MARKET ORDER BUBBLES "Market Order Bubbles" is my experimental concept used as a way to analyze large volumes and visualize the market activity at significant levels under certain conditions. It is based on my imitation of CVD which is also used in other parts of the script. The aim of this concept is to give you an idea about the real-time heavy market buying and selling, which could indicate eg. large liquidations, large entries/exits. in order to add confluence to your analysis. Please note that this concept is still in its early stages and may be confusing as it might have been poorly implemented. I recommend taking the time to thoroughly read through this section in order to fully understand it. On the other hand, early backtesting results appear very promising, as the win rate of countertrading buy and sell bubbles under certain conditions was fairly high (70%). I will continue working on this tool, so stay tuned for future updates. **Market Buy Order Bubbles** appear above the price and possibly signal the following: - Short positions being liquidated (exit short = buy order) - New traders entering late longs based on FOMO (enter long = buy order) - New short positions (sells) of “smarter” traders absorbing liquidated/closed shorts (buys) ⇒ Possible reversal to the downside - look for the liquidation levels of longs to get filled **Market Sell Order Bubbles** appear below the price and possibly signal the following: - Long positions being liquidated (exit long = sell order) - New traders entering late shorts based on FOMO (enter short = sell order) - New long positions (buys) of “smarter” traders absorbing liquidated/closed longs (sells) ⇒ Possible reversal to the upside - look for the liquidation levels of shorts to get filled significant volumes are identified and filtered using three “thresholds” in the form of standard deviations, which can be modified in indicator settings. 1. If buy/sell volume surpasses the first standard deviation (”**Smaller Size Market Orders**”), then the **smaller-sized bubble** appears. 2. If buy/sell volume surpasses the second standard deviation (”**Medium Size Market Orders**”), then the **medium-sized bubble** appears. 3. If buy/sell volume surpasses the third standard deviation (”**Large Size Market Orders**”), then the **large-sized bubble** appears. **Increasing** the standard deviation multipliers effectively increases the threshold for a given bubble to appear, making the conditions for its occurrence more strict. **Decreasing** the standard deviation multipliers effectively decreases the threshold for a given bubble to appear, making the conditions for its occurrence more strict. Keep in mind that this should always be the case: *Smaller Size Market Orders < Medium Size Market Orders < Large Size Market Orders* COLOR CANDLES The Color Candles function is a useful and interesting feature that will enhance your analysis with additional context. If enabled, the indicator will color the chart's candles based on different data. Currently, there are three options to choose from, with more to be added in future updates. Color Candles: OI DELTA This option will color the candles to reflect Open Interest Delta. If there is a net increase in open positions (positive Open Interest Delta), the candle will be colored green. If there is a net decrease in open positions (negative Open Interest Delta), the candle will be colored red. It is important to note that this option only functions on pairs for which Tradingview provides OI data Color Candles: VOLUME This option utilizes volume data to help you identify the trend and momentum, coloring the candles accordingly - upward impulses are colored green and downward impulses are colored red. This makes it easier to recognize trend reversals and adjust your directional bias accordingly. Color Candles: STOCH This option uses the Stochastic Oscillator and SMA to color the candles, helping you identify momentum as upward green moves transition to downward red moves and vice versa. LEVERAGE RATIO Leverage ratio is another experimental concept I have added to this script. If turned on, it provides a broad insight into whether the market is relatively over-leveraged or if the leverage is relatively low. The aim is to use it as a confluence in anticipating incoming volatility and possibly use it to understand other aspects of market activity. It is still in its early stages of development and needless to say, it only works on pairs where Open Interest data is provided by Tradingview. Crosses above price = Leverage is relatively high Crosses below price = Leverage is relatively low MARKET INFO SCREENER, LEVEL LEGEND, HIDE FILLED LINES The last three inputs of Basic Settings section: ”The Market Info Screener” feature will display a small panel on the right side of your chart that provides useful data about the market, including Open Interest, Volume, the aggressive side of traders, and the Leverage Ratio. More data coming in future updates. "Level Legend" option will display a small legend on the right side of the chart, helping you or others viewing the chart to understand what the objects on the chart mean. "Hide Filled Lines" option will hide liquidation levels that have already been filled, only displaying the active ones in order to reduce clutter on your chart. APPEARANCE The “Appearance” settings offer a variety of modifications for colors, styles, and visibility. The "Line Style" input allows you to choose the style and width of the liquidation level lines. You can also select which levels to display, as well as the color of the liquidation level lines and bubbles. The "Max Number of Lines" input allows you to specify the number of level lines you want on a chart. If you feel that there is too much clutter, you can decrease this number, and old lines will be removed. Please note that Tradingview has a built-in limit of 500 lines on a given chart, so this value cannot be set above 500. The "Market Buy/Sell Bubble Style" input can be used to modify the color and style of the market order bubbles. Enabling the "Show Settings Screener" option will display a screener with a list of all your settings on the right side of the chart, making it easier to share your preferred settings with others." STANDARD DEVIATION MULTIPLIERS This is where you can set the standard deviation thresholds for Liquidation Levels and Market Order Bubbles. These values can be customized to your preference, as the default values may not be suitable for your needs or you may want to experiment with different values to see more or fewer liquidation levels or market order bubbles on your chart. Personally, I sometimes use this feature to increase the Large Size Market Orders or Large Size Liquidation Levels multipliers so that large-sized bubbles are only assigned to extremely large positions or volumes. If you want to only analyze larger positions or volumes, you can increase the "Smaller Size" multipliers, which act as a minimum threshold. If you also want to include even smaller positions or volumes in your analysis, you can decrease the values of the "Smaller Size" multipliers, which act as a minimum threshold Please note that the "Reduce Sensitivity" option in Basic Settings affects the standard deviation multipliers of the liquidation levels. Changing the "Reduce Sensitivity" value will equally multiply all of them (the ratio between Smaller, Medium, and Large multiplier values will remain the same) STANDARD DEVIATION LENGTH "Standard Deviation Length" defines the length (number of bars) used in all calculations that utilize the standard deviation function in this script. Decreasing it will generate Liquidation Levels and Liquidation Bubbles based more on recent data. Increasing it will generate Liquidation Levels and Liquidation Bubbles based on more long-term data. CVD LENGTH "CVD Length" refers to the length used in calculating cumulative volumes. Decreasing it will generate Liquidation Levels, Market Order Bubbles, and apply Directional bias based more on recent data. Increasing it will generate those based on more long-term data." LEVEL CALCULATION MODES “Level Calculation Modes” enable you to switch between three modes of calculating the distance between the base and actual liquidation levels. COPYRIGHT "Copyright" option will add your username to the copyright section at the bottom of the chart, giving you credit for your analysis if you post it somewhere.
Pine Script® indicator
by LeviathanCapital
134
Open Interest Profile (OI)- By LeviathanThis script implements the concept of Open Interest Profile, which can help you analyze the activity of traders and identify the price levels where they are opening/closing their positions. This data can serve as a confluence for finding the areas of support and resistance , targets and placing stop losses. OI profiles can be viewed in the ranges of days, weeks, months, Tokyo sessions, London sessions and New York sessions. A short introduction to Open Interest Open Interest is a metric that measures the total amount of open derivatives contracts in a specific market at a given time. A valid contract is formed by both a buyer who opens a long position and a seller who opens a short position. This means that OI represents the total value of all open longs and all open shorts, divided by two. For example, if Open Interest is showing a value of $1B, it means that there is $1B worth of long and $1B worth of short contracts currently open/unsettled in a given market. OI increasing = new long and short contracts are entering the market OI decreasing = long and short contracts are exiting the market OI unchanged = the net amount of positions remains the same (no new entries/exits or just a transfer of contracts occurring) About this indicator *This script is basically a modified version of my previous "Market Sessions and Volume Profile by @LeviathanCapital" indicator but this time, profiles are generated from Tradingview Open Interest data instead of volume (+ some other changes). The usual representation of OI shows Open Interest value and its change based on time (for a particular day, time frame or each given candle). This indicator takes the data and plots it in a way where you can see the OI activity (change in OI) based on price levels. To put it simply, instead of observing WHEN (time) positions are entering/exiting the market, you can now see WHERE (price) positions are entering/exiting the market. This is the same concept as when it comes to Volume and Volume profile and therefore, similar strategies and ways of understanding the given data can be applied here. You can even combine the two to gain an edge (eg. high OI increase + Volume Profile showing dominant market selling = possible aggressive shorts taking place) Green nodes = OI increase Red nodes = OI decrease A cluster of large green nodes can be used for support and resistance levels (*trapped traders theory) or targets (lots of liquidations and stop losses above/below), OI Profile gaps can present an objective for the price to fill them (liquidity gaps, imbalances, inefficiencies, etc), and more. Indicator settings 1. Session/Lookback - Choose the range from where the OI Profile will be generated 2. OI Profile Mode - Mode 1 (shows only OI increase), Mode 2 (shows both OI increase and decrease), Mode 3 (shows OI decrease on left side and OI increase on the right side). 3. Show OI Value Area - Shows the area where most OI activity took place (useful as a range or S/R level ) 4. Show Session Box - Shows the box around chosen sessions/lookback 5. Show Profile - Show/hide OI Profile 6. Show Current Session - Show/hide the ongoing session 7. Show Session Labels - Show/hide the text labels for each session 8. Resolution - The higher the value, the more refined a profile is, but fewer profiles are shown on the chart 9. OI Value Area % - Choose the percentage of VA (same as in Volume Profile's VA) 10. Smooth OI Data - Useful for assets that have very large spikes in OI over large bars, helps create better profiles 11. OI Increase - Pick the color of OI increase nodes in the profile 12. OI Decrease - Pick the color of OI decrease nodes in the profile 13. Value Area Box - Pick the color of the Value Area Box 14. Session Box Thickness - Pick the thickness of the lines surrounding the chosen sessions Advice The indicator calculates the profile based on candles - the more candles you can show, the better profile will be formed. This means that it's best to view most sessions on timeframes like 15min or lower. The only exception is the Monthly profile, where timeframes above 15min should be used. Just take a few minutes and switch between timeframes and sessions and you will figure out the optimal settings. This is the first version of Open Interest Profile script so please understand that it will be improved in future updates. Thank you for your support. ** Some profile generation elements are inspired by @LonesomeTheBlue's volume profile script
Pine Script® indicator
by LeviathanCapital
20
Volume CVD and Open Interest HeatmapTaking Volume and Open Interest data to the next level of visualization I created a 'heatmap'. The indicator uses a colour gradient and plots boxes from the source candle to the current candle with one of the following data sources: - Volume - the total volume of transactions, buys and sells - Up Volume - the total volume from buys only - Down Volume - the total volume from sells only - Up/Down Volume (Net) - the difference in the Buy Volume and Sell Volume - Cumulative Delta - the sum of the up/down volume for the previous 14 bars - Cumulative Delta EMA - a smoothed average of the sum of the up/down volume for the previous 14 bars, over a 14 period EMA - Open Interest - a user defined ticker, whose value is added to the plot, while this is designed to be used with Open Interest tickers, you can actually choose any ticker you want, perhaps you want to see DXY while charting Bitcoin! You can define the lookback period, though you should make sure your timeframe for volume source data, is high enough to accommodate the lookback. TradingView will only fetch 5000 candles worth of data, so at 1 min volume data, you can only lookback 83 hours. While similar, Volume and Open Interest are not the same. To me the simplest explanation is Volume shows the trades that have been executed and the buy/sell direction, while Open Interest shows the value of open trades that are yet to be completed. Volume shows strength, sentiment and volatility . Open Interest does not show direction, but does indicate momentum and liquidity in the market. With this novel way of visualizing these, you can also now determine where all that liquidity and positions came from and therefore might have resting liquidity below.
Pine Script® indicator
by Texmoonbeam
46
Volume CVD and Open InterestVolume, Cumulative Delta Volume and Open Interest are great indications of strength and sentiment in the market. Until now they have required separate indicators, but this indicator can show them all. With a clean and aesthetic plot, this indicator has the option to choose the data source: - Volume - the total volume of transactions, buys and sells - Up Volume - the total volume from buys only - Down Volume - the total volume from sells only - Up/Down Volume (Net) - the difference in the Buy Volume and Sell Volume - Cumulative Delta - the sum of the up/down volume for the previous 14 bars - Cumulative Delta EMA - a smoothed average of the sum of the up/down volume for the previous 14 bars, over a 14 period EMA - Open Interest - a user defined ticker, whose value is added to the plot, while this is designed to be used with Open Interest tickers, you can actually choose any ticker you want, perhaps you want to see DXY while charting Bitcoin! There are several customization features for the colour of the plot, with a nice gradient colouring from high to low. You can choose the lookback which defines only the highest and lowest values for the colour gradient. There is also an option for how the Open Interest value is determined, based on Close, Open or differences between previous values. While similar, Volume and Open Interest are not the same. To me the simplest explanation is Volume shows the trades that have been executed and the buy/sell direction, while Open Interest shows the value of open trades that are yet to be completed. Volume shows strength, sentiment and volatility. Open Interest does not show direction, but does indicate momentum and liquidity in the market.
Pine Script® indicator
by Texmoonbeam
10
Volume Profile Volume Delta OI Delta [Kioseff Trading]Hello! This script serves to distinguish volume delta for any asset and open interest delta for Binance perpetual futures. The image above provides further explanation of functionality and color correspondence. The image above shows the indicator calculating volume at each tick level and displaying the metric. The label color outline (neon effect) is configurable; the image above is absent the feature. The image above shows Open Interest (OI) Delta calculated - similar to how the script calculates volume delta - for a Binance Perpetual Future pair. This feature only works for Binance Futures pairs; the script will not load when trying to calculate OI Delta on other assets. Additionally, a heatmap is displayable should you configure the indicator to calculate it. The image above shows a heatmap using volume delta calculations. The image above shows a heatmap using OI delta calculations. Of course, these calculations - when absent requisite data - require some assumptions to better replicate calculations with access to requisite data. The indicator assumes a 60/40 split when a tick level is traded at and only one metric - "buy volume" or "sell volume" is recorded. This means there shouldn't be any levels recorded where "buy volume" is greater than 0 and "sell volume" equals 0 and vice versa. While this assumption was performed arbitrarily, it may help better replicate volume delta and OI delta calculations seen on other charting platforms. This option is configurable; you can select to have the script not assume a 60/40 split and instead record volume "as is" at the corresponding tick level. The script also divides volume and open interest if a one-minute bar violates multiple tick levels. The volume or open interest generated on the one-minute bar will be divided by the number of tick levels it exceeds. The results are, subsequently, appended to the violated tick levels. Further, the script can be set to recalculate after a user-defined time threshold is exceeded. You can also define the percentage or tick distance between levels. Also, it'd be great if this indicator can nicely replicate volume delta indicators on other charting platforms. If you've any ideas on how price action can be used to better assume volume at the corresponding price area please let me know! Thank you (:
Pine Script® indicator
by KioseffTrading
130
[Nekonyam] Auto Select Currency Binance Open InterestDisplays open interest in crypto currencies. It automatically changes the open interest displayed according to the virtual currency displayed on the chart. It works even if you are viewing an exchange other than Binance. It shows open interest according to the base currency, so it works with BTCEUR and other currencies. ETHBTC, for example, shows the open interest in ETH. If you are viewing a currency that does not provide open interest from Binance to TradingView, it will not work. It will not work if ETFs, CME futures, etc. are displayed. (such as GBTC or BTC1!) 仮想通貨のオープンインタレストを表示します。 チャートに表示している仮想通貨に合わせて自動で表示するオープンインタレストを変えます。 バイナンス以外の取引所を表示していても使えます。 ベース通貨に合わせてオープンインタレストを表示しているので、BTCEURなどでも使えます。 ETHBTCなどはETHのオープンインタレストが表示されます。 BinanceからTradingViewにオープンインタレストが提供されていない通貨を表示している場合は使えません。 ETFやCME先物などを表示している場合は使えません。(GBTCやBTC1!など)
Pine Script® indicator
by Nekonyam
11
[PlayBit]Correlation-Co _OI Correlation-Co _OI This Indicator uses a Correlation Coefficient to compare a Crypto Currency to the Binance Open Interest feed if the data is provided A move in the same direction is indicated with a positive value (the indicator will move up) A move in the opposite direction the indicator will indicate with a negative value (the indicator will move down) If both are moving in the same direction and are converging or diverging this will be shown by larger values for divergence and smaller for convergence but will be a positive value Negative values are shown when price and _OI are moving opposite each other You can toggle the auto Open Interest option in the settings to use something other than Open Interest if you would like I still need to add a visual showing when longs are unwinding or opening and when shorts are covering or opening This is a concept that I made for @Johnny a while back and I'm republishing public from private This can be useful when comparing a Asset with its Open Interest The main bit of code was taken from: by @mortdiggiddy Let me know if you have any Ideas or suggestions or if I overlooked something Hope you enjoy, @FFriZz | @FrizLabz
Pine Script® indicator
by FFriZz
ILM NSE Futures - Open Interest Analysis - FnOUse this indicator on Daily Timeframe This script works only on India NSE Futures (Indices and Fno Stocks) This script pulls Stock/Index Price/Volume Info + Futures Current/Next Price/Volume/Open Interest Info Calculates the Combined OI and identifies the OI Buildup based on the Price Change and color codes the info for easy reading This script also calculates Stock/Futures Volume action to identify if big players are aggressively trading in Futures Also OI Buildup to Future Volume is calculated to track the presence of big players. Summary Row is displayed at the bottom which shows Futures Premium/Discount to Index/Stock
Pine Script® indicator
by ILuvMarkets
16
HPI for crypto [ptt]The Herrick Payoff Index is designed to show the amount of money flowing into or out of a futures contract. This indicator uses open interest (from Binance PERP like this BTCUSDTPERP_OI) from during its calculations, therefore, the pairs being analyzed must contain open interest data on Binance. The indicator only works with USDT pairs! Like RVNUSDT, BTCUSDT... does not work with USD pairs! The indicator works in two mode. Index mode - when the values moving 0-100 In this case, if the value below 10, it shows the money is flowing out of the futures contract and near the local bottom. If the value above 90, it shows the money is flowing into the futures contract and near the local top. (The two trigger can be modified, the default is low:10 and high:90) Oscillator mode - when the values moving around the origo (0) In this case, if the value above 0 (green), it shows the money is flowing into the futures contract, this is bullish If the value below 0 (red), it shows the money is flowing out of the futures contract, this is bearish
Pine Script® indicator
by puttoAZ
11
Crypto Longs & Shorts (Multi Exchange) - InFinitoThis indicator uses data provided by different crypto derivative exchanges to estimate and display the potential Longs and Shorts opened and closed during a determined period. The indicator supports multiple exchanges and coins. Knowing the the behavior of traders as in how they're positioning can be useful for different things like: Get a sense of market sentiment Better anticipating which way liquidity/stop hunts might potentially go. All data is calculated based off OI data provided by exchanges except for Bitfinex which provides both Longs and Shorts opened and closed Preset exchanges included are: Bitfinex Binance: USDT, USDPERP & BUSD pairs Bitmex: USDT & USD pairs Kraken The indicator is preset to work with BTC but it can be easily changed to any coin by typing it's name (Capitalized) in the Coin Name box
Pine Script® indicator
by In_Finito_
4
OI/MC Ratio(Open Interest/Market Cap Ratio)Created the OI/MC Ratio (Open Interest/Market Cap Ratio), an indicator that can be frequently observed on other data sites but does not yet exist on TradingView. The formula is as follows Ratio = (OI/MC)*100 OI includes all currently available in TradingView. It is also possible to exclude specific OIs on the settings screen. ====OI List==== 〜Binance〜 BTCUSDTPERP BTCPERP BTCBUSDPERP 〜Kraken〜 BTCUSDPERP 〜Bitmex〜 XBTUSD XBTUSDT =============
Pine Script® indicator
by ecoecoazarak
3
Binance Big Open Interest Delta Change v2 Note: This script will only work properly with Binance Futures symbols. This script simply looks at the open interest for the symbol you are currently viewing and determines if a large change in open interest has occurred, which triggers a background color alert. It does this by comparing the absolute value of the range of the current open interest bar with a simple average (length set by user) of the past x range. The user also determines what is considered a 'large' change in open interest by setting a multiplier with which the current range must exceed compared to the average range in order to trigger an alert. If the change in open interest is an increase in OI, the alert is blue, and if the change in open interest is a decrease, the alert is orange. The open interest ticker that is used for calculation is derived by adding the current ticker and "_OI" so that it auto changes each time you switch to a new Binance futures contract.
Pine Script® indicator
by king_mob
2
Open Interest Delta OI Delta This indicator aims to provide users an idea for OI changes intrabar referencing the LTF data, there will be some limitations as its limited to the LTF of 1minute maximum, however there can be some insight provided regardless. Below we can see an additional 2 modes, Split: Delta The difference between the 3 modes include: Split is a separation of the initial mode "Singular" it divides the 2 into separate axis positioning to allow for a different perspective of the same data. Delta: Takes the difference of the 2 and makes it easier for users to see which side was in control, personally delta makes it easier to see DIVS in momentum and where exhaustion is occuring. -Dev note, this was made alongside many other things so less testing was done do dm me anytime if theres any issues that need solving.
Pine Script® indicator
by spacemanbtc
10
Open Interest Delta with MAs[Binance Perpetuals]!!!!! This indicator only shows Binance Perpetuals Open Interest Delta !!!!! !!!!! When Binance Spot pair charts is selected, It still shows the perpetual contract Open Interest, if the pair on the chart is tradeble on perpetual contracts. I assume you know what Open Interest is. !!!!! ZLEMA , Tillson, VAR MAs codes are coming from @KivancOzbilgic => SuperTrended Moving Averages KAMA code is coming from @HPOTTER => Kaufman Moving Average Adaptive ( KAMA )
Pine Script® indicator
by LordOfTheBlockchains
11
[VC] Wave Chart Index V1.0V.C Wave Chart Index Richard D. Wyckoff created the first wave chart, and he instructed students to think in waves. He was an early 20th-century pioneer in the technical approach to studying the stock market and is considered one of the five "titans" of technical analysis, along with Dow, Gann, Elliott and Merrill. V.C Wave Chart Index is the most comprehensive version of Wyckoff's theory. It is used to measure the strength & weakness of each market move by comparative data analysis. It draws waves on the chart based on Gann Swing theory. At the end of each wave, a label shows all the cumulative data & information of the wave. With the help of this indicator, You can measure each swing or high/low movement of the market by comparing it with previous high/low price movements. The comparison can be made by using the following data of each wave. Price Change Volume Change Delta Change Delta % Change Buy Volume Sell Volume Time Spent (Bar Counter) V.C Wave Chart Index is not only an indicator but itself a unique & comprehensive tool kit to measure & compare each move of the market. This tool enables you to see deep inside each movement of the market. It allows you to observe the nitty-gritty data of each wave at the micro-level with your nacked eyes. With the help of Delta & (C.C) Close to Close Price Change, it is now easy to apply effort & result and cause & effect theory to your analysis. (total volume, buy volume, sell volume & delta % can also be used for comparative analysis) V.C Wave Chart Index Properties Price Change or (P.C): Shows the price Change of the Wave Buy Volume (B.V): Shows the Cumulative Buy Volume of the Wave Sell Volume (S.V): Shows the Cumulative Sell Volume of the Wave Delta Volume (∆): Shows the Cumulative Buy - Sell Volume of the Wave Delta % ∆ : Shows the Cumulative Delta % of the wave Total Volume (T.V): Shows the Cumulative Total Volume of the Wave Bar Count (B.C): Shows how much time it took to Complete the Wave Swing Price: Shows the Reversal Price of the Wave V.C Wave Chart Index Settings & Inputs Explained Sensitivity (%): This input helps you adjust to the wave's steepness. 0.001 is my recommended value for all time frames. Cumulation: This input helps you to control the length & formation of the wave: ( the fewer values = more wave formations & vice versa) Wave Color: Allow you to change the color of the wave Draw to Latest Candle: Allow you to show/hide the latest or real-time wave & data. Divisor: Allow you to divide extensive numeric data into small numbers to read it easily. Align Text: Allow you to align the text. Size Text: Allow you to change the size of the text. Display Toal Delta: Allow you to show or hide total Delta (∆). Display Percentage Delta (%): Allow you to show or hide Delta (∆) %. Color Wave Buy: Allow you to change the color. Color Wave Sell: Allow you to change the color. Display Total Volume (T.V): Allow you to show/hide total volume Display Buy Volume (B.V): Allow you to show/hide buy volume Display Sell Volume (S.V): Allow you to show/hide sell volume Display Swing Price: Allow you to show/hide swing price Display Swing Price Change (P.C): Allow you to show/hide price change Display Close to Close Price Change (C.C): Allow you to show/hide close to close price changes. (previous wave close to current wave close) (recommended for comparative analysis) P.C Format: Allow you to select the price formate C.C Format: Allow you to select the price formate Display Bar Counter (B.C): Allow you to show/hide the bar counter Comparative Data Analysis Example in the light of Effort & Result Theory A short explanation of the above analysis On Wave A , the close to close price change (C.C) is $354 . (its the distance of price that price travelled from the low of the previous wave) and price travelled this distance with 632 Delta (Delta is an effort which is used to travel the price) On Wave B , close to close price change (C.C) is -$359 , almost the same distance as the previous wave. But for this distance price used 47% more Delta than the last wave. ( previous Delta is 632 , but current Delta is 931 that is 47% extra) It indicates that sellers have put more effort in Wave B than Wave A . However, they got similar results as the previous wave. In other words More Effort & Less Result = Reversal Sign (that's why in the above example price reversed from a support level) * Notice that Wave B is also on a key support area/level. And on key support or resistance area, this kind of comparative analysis can give an extra edge in your analysis. Disclaimer Note: V.C Wave Chart Index is not a BUY/SELL signal based indicator or a holy grail trading system. It is purely Volume, Delta and comparative analysis based indicator. Before applying this indicator to your analysis, you should know about V.S.A, Volume, Delta & Spread. Some basic understanding of Sir Richerd Wyckoff's Theory can also be helpful.
Pine Script® indicator
by VcTradingMethod
12
Derivative Effective Position [Auto+Binance] [Moto]Hello traders, This indicator shows the effective/successful influence of perpetual contracts opening or closing via their respective side. i.e longs closing, longs, opening, shorts closing, or shorts opening. Realistically, we want to be considering which side of perpetual contracts are having a successful effect on the market to potentially avoid counter-trend trading, or to take advantage of it. IMPORTANT: In order for this indicator to work properly/accurately you must be observing a Binance Perpetual future chart. The indicator detects which perpetual future symbol you're observing/trading and changes its comparative metrics accordingly. If you're observing some other chart, it will either be inaccurate or default to BTC open interest metrics. Avoid this error. Depending on which direction price moves respective to which direction open interest moves, one can determine which side of the contracts are being opened or closed. Due to Bitcoin having relative correlation to the other digital assets, it's own independent signals have been includes. Signals include the four obvious participants for the observed asset, longs opening and closing for BTC, and important potential reversals for both the long side and short side of the observed chart, i.e longs opening into longs closing or shorts closing into shorts opening . Filters for these signals include a standard RSI 50 midline bias, and a setting to filter out sequential signals, respective of observed asset or Bitcoin. Alerts have not yet been included but will be included in an update.
Pine Script® indicator
by Intromoto
4
OPAL - OmniHi, here is my Open Interest script for Market Activity analysis & chop spotting. This indicator include : Open Interest, 6 EMAs based on OI, Regular and Hidden divergences with double pivot confirmation OI Colors is gradient : momentums with power will turn to lighter colors, momentums without power will turn to darker colors 1) OI : Open Interest Open interest is a measure of the Money Flow into a market. Increasing open interest shows money coming into the market. Decreasing open interest shows money flowing out of the market. Calculation : Open interest is a measure of market activity. It's sometimes confused with volumes but it's different : OI moves on new contracts, while Volume moves on new trades/ For example, if a trader holds 100 contracts and sells it to another, OI will not change, because there is no addition of new contracts in the market, but volume will change because 100 contracts have ben transferred. 2) EMAs & Cloud : A bunch of 6 EMAs adapted on open interest, the last of the 6 EMAs ( EMA 6) forms a colored cloud with the OI Line EMA 1 is the first filter for OI colors EMA6 is the last filter for OI colors 3) Multi Divergences : Divergence detection based on 2 pivot levels verification (taken from OPAL - Newton) Plots Regular and Hidden Divergences Filtered with EMA 6 4) Alerts: Set alerts on Divergences, regular, hidden, or both Set alerts on EMA1/EMA6 Crosses Set alerts on OBV fast Crosses with EMA 1 Set alerts on OBV slow Crosses with EMA 6 This might help you to see when market activity is increasing or decreasing to anticipate volatility in your waves. This is not a bounded indicator like RSI or stoch's Stick with the trends : when market activity is rising on your side) Everything is customizable, all the settings are unlocked Wishing you success ! <o/ Here is the other indicator used on the chart, using the same template, based on On Balance Volumes:
Pine Script® indicator
by Skito