NSE Multi Script Open Interest Change Analysis by JITENDRA

NSE Multi Script Open Interest Change Dashboard


Index Trader Specially Intraday Need More Attention, while Building Position. They also need to Monitor INDEX MAJOR WEITAGE Script Reaction and also when Need to Cover Position.
For More Grip in Index Trading I Have Designed this Indicator for Trading view community User.

Overview Summary of This Indicator

This indicator provides a intraday Open Interest (OI) Change analysis for major NSE Listed Futures contracts from 9:15 AM to 3:30 PM, segmented into 15-minute time slots.

It tracks Price vs Open Interest behavior and classifies every 15-minute move into professional Derivative market phases:
Each signal is displayed in a clean time-slot matrix table for multiple NSE futures in one view.

• LB Long Build-up (Price Up, OI Up)
  
• SB Short Build-up (Price Down, OI Up)
  
• SC Short Covering (Price Up, OI Down)
  
• LC Long Unwinding (Price Down, OI Down)
  

Why This Indicator Is Important for Traders


Most traders only look at price movement, but in derivatives trading:
Price + Open Interest together reveal the real market intention.
This dashboard helps traders instantly identify:

• Where new positions are being created (Long Build-up / Short Build-up)
  
• Where positions are getting closed (Short Covering / Long Unwinding)
  
• Whether a move is strong and supported by fresh money or
  
• just a temporary pullback or short squeeze
  

Key Features / What This Indicator Does

1. Multi-symbol dashboard (NIFTY, BANKNIFTY, FINNIFTY, stocks & more)
   
2. Automatic 15-minute slot tracking from 9:15 to 15:30
   
3. Real-time Price + OI phase detection as provided by Trading view
   
4. Optional display of OI Change in K with signals
   
5. Optional to Enable, Disable and Change Future Symbol
   
6. Compact, professional table layout
   
7. Fully customizable symbols, size & position
   

Image/ Snapshot to Understand Setting





When Show OI Change in K with LB SB LC SC is "Enabled"
Trader will See only PRICE & OPEN INTEREST Interpretation with Actual Data in 15 Minutes Timeframe



When Show OI Change in K with LB SB LC SC is "Disable"
Trader will See only PRICE & OPEN INTEREST Interpretation in Short Form




Code Summary How This Script Fetches and Calculates Data

using request.security() function to fetch 15-minute futures data for each selected NSE symbol

[t, c, pc] = request.security(sym, "15", [time, close, close[1]])

To Fetch Open Interest (OI) symbol:

oiSym = str.format("{0}_OI", ticker.standard(sym))

Using Price + OI relationship, each 15-minute candle is classified as:

sig =
     priceChg > 0 and oiChg > 0 ? "LB" :   // Long Build-up
     priceChg < 0 and oiChg > 0 ? "SB" :   // Short Build-up
     priceChg > 0 and oiChg < 0 ? "SC" :   // Short Covering
     priceChg < 0 and oiChg < 0 ? "LC" :   // Long Unwinding
     "N"

Thanks
Trading View Community