Coasyn Sovereign Futures OI
Coasyn Sovereign Futures OI is a macro participation reference for FX traders.
The indicator automatically reads the base and quote currencies of the current FX pair, maps each currency to a related sovereign futures market, and then compares changes in daily open interest across two configurable lookback periods.
It is designed to help answer a simple question:
Is participation in the related sovereign futures market building, fading, or mixed?
How it works
The indicator reads the current FX pair automatically.
For example:
EUR/USD
The indicator maps:
EUR → Euro Bund futures
USD → US 10Y futures
It then requests the related daily open-interest series and measures the percentage change over:
a short lookback
a long lookback
The default settings are:
Short OI Change — 1 day
Long OI Change — 5 days
Both values are editable.
Reading the panel
The panel displays one row for the base currency and one row for the quote currency.
Each row includes:
Currency
The base or quote currency from the current FX pair.
Future
The sovereign futures market used as the participation reference.
OI
The latest available daily open-interest value.
Short / Long Change
The percentage change in open interest over the two configured lookback periods.
State
A simplified description of the current open-interest relationship.
State definitions
BUILDING
Open interest increased over both the short and long lookback periods.
This means participation is expanding in the referenced futures market.
It does not automatically mean the currency is bullish.
FADING
Open interest decreased over both lookback periods.
This means participation is contracting in the referenced futures market.
It does not automatically mean the currency is bearish.
MIXED
The short- and long-term open-interest changes disagree.
For example, short-term participation may be increasing while the longer lookback is still declining.
LIMITED
The required market exists, but there is not enough usable historical data to calculate both lookback changes.
NO OI DATA
A valid open-interest series is not currently available for the requested market.
The indicator returns N/A rather than creating or estimating missing data.
Supported currency mapping
The current version includes sovereign futures references for:
USD
EUR
GBP
AUD
CAD
JPY
CHF
CHF includes an alternate FX-futures open-interest source when the primary sovereign reference is unavailable.
Example interpretation
Suppose EUR/USD displays:
EUR — BUILDING
USD — FADING
This does not mean the indicator is telling the trader to buy EUR/USD.
It means participation in the selected EUR sovereign futures reference is expanding while participation in the USD reference is contracting over the configured lookback windows.
That information can then be combined with the trader's own macro, rates, price-action, and risk framework.
Panel controls
The panel can be positioned in:
Top Right
Top Left
Bottom Right
Bottom Left
The entire panel can also be disabled from the indicator settings.
Data availability
Coasyn Sovereign Futures OI requests futures open-interest data available through TradingView.
Availability can depend on:
exchange coverage
symbol availability
TradingView data permissions
the specific market being requested
If data is unavailable, the indicator displays N/A or NO OI DATA.
Important
This indicator does not provide:
buy or sell signals
currency direction forecasts
trade entries
targets
stop placement
position sizing
automated execution
Open interest measures participation, not direction.
The purpose of the tool is to provide another layer of sovereign-market context for traders working with FX pairs.
Built by Coasyn Market Systems.
The indicator automatically reads the base and quote currencies of the current FX pair, maps each currency to a related sovereign futures market, and then compares changes in daily open interest across two configurable lookback periods.
It is designed to help answer a simple question:
Is participation in the related sovereign futures market building, fading, or mixed?
How it works
The indicator reads the current FX pair automatically.
For example:
EUR/USD
The indicator maps:
EUR → Euro Bund futures
USD → US 10Y futures
It then requests the related daily open-interest series and measures the percentage change over:
a short lookback
a long lookback
The default settings are:
Short OI Change — 1 day
Long OI Change — 5 days
Both values are editable.
Reading the panel
The panel displays one row for the base currency and one row for the quote currency.
Each row includes:
Currency
The base or quote currency from the current FX pair.
Future
The sovereign futures market used as the participation reference.
OI
The latest available daily open-interest value.
Short / Long Change
The percentage change in open interest over the two configured lookback periods.
State
A simplified description of the current open-interest relationship.
State definitions
BUILDING
Open interest increased over both the short and long lookback periods.
This means participation is expanding in the referenced futures market.
It does not automatically mean the currency is bullish.
FADING
Open interest decreased over both lookback periods.
This means participation is contracting in the referenced futures market.
It does not automatically mean the currency is bearish.
MIXED
The short- and long-term open-interest changes disagree.
For example, short-term participation may be increasing while the longer lookback is still declining.
LIMITED
The required market exists, but there is not enough usable historical data to calculate both lookback changes.
NO OI DATA
A valid open-interest series is not currently available for the requested market.
The indicator returns N/A rather than creating or estimating missing data.
Supported currency mapping
The current version includes sovereign futures references for:
USD
EUR
GBP
AUD
CAD
JPY
CHF
CHF includes an alternate FX-futures open-interest source when the primary sovereign reference is unavailable.
Example interpretation
Suppose EUR/USD displays:
EUR — BUILDING
USD — FADING
This does not mean the indicator is telling the trader to buy EUR/USD.
It means participation in the selected EUR sovereign futures reference is expanding while participation in the USD reference is contracting over the configured lookback windows.
That information can then be combined with the trader's own macro, rates, price-action, and risk framework.
Panel controls
The panel can be positioned in:
Top Right
Top Left
Bottom Right
Bottom Left
The entire panel can also be disabled from the indicator settings.
Data availability
Coasyn Sovereign Futures OI requests futures open-interest data available through TradingView.
Availability can depend on:
exchange coverage
symbol availability
TradingView data permissions
the specific market being requested
If data is unavailable, the indicator displays N/A or NO OI DATA.
Important
This indicator does not provide:
buy or sell signals
currency direction forecasts
trade entries
targets
stop placement
position sizing
automated execution
Open interest measures participation, not direction.
The purpose of the tool is to provide another layer of sovereign-market context for traders working with FX pairs.
Built by Coasyn Market Systems.
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.
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.