Open Interest Offset

10 de mai. de 2023

This indicator is used to display whether there has been an abnormal increase or decrease in recent contract positions. Its usage is similar to the RSI indicator.

Please note that this indicator uses fixed (customizable) thresholds of 0.4 and 0.6 to indicate when abnormal opening and closing occur respectively. For some altcoins, their values ​​may far exceed 0.4 so please adjust accordingly based on your symbol.

(1) When there is an abnormal increase in recent contract positions, the value of the indicator will be above 0.4. This means that there may be a liquidation market situation occurring subsequently. If the market background at this time is rising, it may not be suitable to continue buying because the indicator shows that it is currently overbought. On the contrary, it may be appropriate to sell now.

(2) When there is an abnormal decrease in recent contract positions, the value of the indicator will be below -0.4. This means that a liquidation market situation has occurred recently. If the market background at this time is falling, it may not be suitable to continue shorting because the indicator shows that it is currently oversold. On the contrary, it may be appropriate to buy now.

Special thanks to the following TradingView community members for providing open-source indicators and contributing to the development of this indicator!
Open Interest Delta - By Leviathan - LeviathanCapital

Regarding the relationship with the above-mentioned open source indicator:
Indicator Open Interest Delta - By Leviathan - LeviathanCapital obtained OI data for Binance USDT perpetual contracts in the code. We refer to their method of obtaining OI data in our code.


============= 中文版本 =============

该指标用于显示近期合约持仓量是否有异常的增加和减少。它的用法类似于RSI指标
请注意，该指标使用了固定的（可定制的）阈值0.4和0.6来提示异常开仓和平仓的发生。对于某些山寨币而言，指标的数值可能远大于0.4。请根据你所关注的标的自行调整
（1）当近期合约持仓量有异常的增加时，指标的值会在0.4以上。这意味着后续可能有清算行情的发生。若此时市场背景为上涨，此时可能不太适合继续做多，因为指标显示目前处于超买行情。相反，现在可能适合卖出
（2）当近期合约的持仓量有异常的减少时，指标的值会在-0.4以下。这意味着近期已经发生了清算行情。若此时市场背景为下跌，此时可能不太适合继续做空，因为指标显示目前处于超卖行情。相反，现在可能适合买入

特别感谢以下TradingView社区成员提供开源指标并为该指标的开发做出贡献！
Open Interest Delta - By Leviathan - LeviathanCapital

与上述开源指标的关系：
指标Open Interest Delta - By Leviathan - LeviathanCapital在代码中获取了Binance USDT永续合约的OI数据。我们在代码中参考他们获取OI数据的方式