OPEN-SOURCE SCRIPT
Open Interest Saturation Oscillator
This is the Open Interest indicator Bounded and Normalized.
In order to make rapid Quant Trading decisions, I have inspired myself by other Open Interest indicators and developed this changing oscillator, that follow the rules of Open Interest!
The indicator is best used for Crypto currency pairs, however, anyone is open to test the indicators limits.
Best use cases for the indicator are as follow:
1. Rising OI Osc Value + Up-trending Market = New Longs Coming into the Market (Strong Bull, Aggressive Buying)
2. Rising OI Osc Value + Down-trending Market = New Shorts Coming into the Market (Strong Bear, Aggressive Selling)
3. Falling OI Osc Value + Up-trending Market = Long Orders being closed (Weak Bulls / Corrective move)
4. Falling OI Osc Value + Down-trending Market = Market is losing fuel / Preparing for a violent Bounce
I developed the indicator with the help and consultation with AI!
Please find it useful in your trading and may the profits be with you!
In order to make rapid Quant Trading decisions, I have inspired myself by other Open Interest indicators and developed this changing oscillator, that follow the rules of Open Interest!
The indicator is best used for Crypto currency pairs, however, anyone is open to test the indicators limits.
Best use cases for the indicator are as follow:
1. Rising OI Osc Value + Up-trending Market = New Longs Coming into the Market (Strong Bull, Aggressive Buying)
2. Rising OI Osc Value + Down-trending Market = New Shorts Coming into the Market (Strong Bear, Aggressive Selling)
3. Falling OI Osc Value + Up-trending Market = Long Orders being closed (Weak Bulls / Corrective move)
4. Falling OI Osc Value + Down-trending Market = Market is losing fuel / Preparing for a violent Bounce
I developed the indicator with the help and consultation with AI!
Please find it useful in your trading and may the profits be with you!
Script open-source
Dans l'esprit TradingView, le créateur de ce script l'a rendu open source afin que les traders puissent examiner et vérifier ses fonctionnalités. Bravo à l'auteur! Bien que vous puissiez l'utiliser gratuitement, n'oubliez pas que la republication du code est soumise à nos Règles.
EA23W
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Script open-source
Dans l'esprit TradingView, le créateur de ce script l'a rendu open source afin que les traders puissent examiner et vérifier ses fonctionnalités. Bravo à l'auteur! Bien que vous puissiez l'utiliser gratuitement, n'oubliez pas que la republication du code est soumise à nos Règles.
EA23W
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.