Funding Rate On-Hover Tooltip

Funding Rate On-Hover Tooltip

💡 What it is:
This Pine Script indicator provides a **non-intrusive and dynamic display of the current Funding Rate** for the selected perpetual futures contract. Instead of plotting the rate as a separate line or panel, the value is cleverly integrated into the indicator's name tag (tooltip) when you **hover your mouse over any candlestick** on the chart.

✨ How it's Original and Useful:
Most traders rely on external sources or a separate sub-panel for the Funding Rate, which can clutter the chart or interrupt the flow of analysis. This script offers a superior, **clean-chart solution** by making the rate instantly accessible only when needed. It allows traders to:
* **Quickly gauge market sentiment** (positive rate = long bias, negative rate = short bias) without distraction.
* Keep their main chart focused purely on price action.
* Monitor this crucial derivative metric directly within the TradingView interface.

⚙️ How it Works:
The script uses the built-in Pine functions to fetch the latest available Funding Rate data for the current symbol and resolution. The fetched value is then formatted and displayed dynamically using the **Funding Rate On-Hover Tooltip** function's name/label feature, which updates in real-time as you interact with the chart.

📖 How to Use It:
1. Add the **"Funding Rate On-Hover Tooltip"** indicator to your chart.
2. Move your mouse pointer over any candlestick.
3. The Funding Rate value (e.g., +0.0100% or -0.0250%) will appear next to the indicator's name on the chart's price axis or main window.
4. Use this quick data point as a factor in your entry and exit strategies.