Open Interest Delta - By Leviathan — Indicator by LeviathanCapital

sentiment volatility volumestudies openinterest oi oidelta delta liquidity

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 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.

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.

Want to use this script on a chart?