OPEN-SOURCE SCRIPT
Price OI Division

Price OI Division Indicator
Overview
The Price OI Division indicator (`P_OI_D`) is a custom TradingView script designed to analyze the relationship between price momentum and open interest (OI) momentum. It visualizes the divergence between these two metrics using a modified MACD (Moving Average Convergence Divergence) approach, normalized to percentage values. The indicator is plotted as a histogram and two lines (MACD and Signal), with color-coded signals for easier interpretation.
Key Features
- Normalized Price MACD: Compares short-term and long-term price momentum.
- OI-Adjusted MACD: Incorporates open interest data to reflect market positioning.
- Divergence Histogram: Highlights the difference between price and OI momentum.
- Signal Line: Smoothed EMA of the divergence for trend confirmation.
- Threshold Lines: Horizontal reference lines at ±10% and 0 for quick visual analysis.
Interpretation Guide
- Bullish Signal:
- Bearish Signal:
- Neutral/Reversal:
Usage Notes
Disclaimer
This indicator is for educational purposes only. Trading decisions should not be based solely on this tool. Always validate signals with additional analysis and risk management.
Overview
The Price OI Division indicator (`P_OI_D`) is a custom TradingView script designed to analyze the relationship between price momentum and open interest (OI) momentum. It visualizes the divergence between these two metrics using a modified MACD (Moving Average Convergence Divergence) approach, normalized to percentage values. The indicator is plotted as a histogram and two lines (MACD and Signal), with color-coded signals for easier interpretation.
Key Features
- Normalized Price MACD: Compares short-term and long-term price momentum.
- OI-Adjusted MACD: Incorporates open interest data to reflect market positioning.
- Divergence Histogram: Highlights the difference between price and OI momentum.
- Signal Line: Smoothed EMA of the divergence for trend confirmation.
- Threshold Lines: Horizontal reference lines at ±10% and 0 for quick visual analysis.
Interpretation Guide
- Bullish Signal:
- Histogram turns red (positive & increasing).
- MACD (red line) crosses above Signal (blue line).
- Divergence above +10% indicates extreme bullish conditions.
- Bearish Signal:
- Histogram turns green (negative & increasing).
- MACD (lime line) crosses below Signal (maroon line).
- Divergence below -10% indicates extreme bearish conditions.
- Neutral/Reversal:
- Histogram fading (teal/pink) suggests weakening momentum.
- Crossings near the Zero Line may signal trend shifts.
Usage Notes
- Asset Compatibility: Works best with futures/perpetual contracts where OI data is available.
- Timeframe: Suitable for all timeframes, but align `fastLength`/`slowLength` with your strategy.
- Data Limitations: Relies on exchange-specific OI symbols (e.g., `BTC:USDT.P_OI`). Verify data availability for your asset.
- Confirmation: Pair with volume analysis or support/resistance levels for higher accuracy.
Disclaimer
This indicator is for educational purposes only. Trading decisions should not be based solely on this tool. Always validate signals with additional analysis and risk management.
Açık kaynak kodlu komut dosyası
Gerçek TradingView ruhuna uygun olarak, bu komut dosyasının oluşturucusu bunu açık kaynaklı hale getirmiştir, böylece yatırımcılar betiğin işlevselliğini inceleyip doğrulayabilir. Yazara saygı! Ücretsiz olarak kullanabilirsiniz, ancak kodu yeniden yayınlamanın Site Kurallarımıza tabi olduğunu unutmayın.
微信 Wechat:yubolun001 (备注:TV)
------------
Binance 优惠:
accounts.binance.com/zh-CN/register?ref=X1PFQ12Z
Bitget 优惠:
partner.bitget.fit/bg/MRSHJ6
OKX 优惠:
okx.com/join/86487038
------------
Binance 优惠:
accounts.binance.com/zh-CN/register?ref=X1PFQ12Z
Bitget 优惠:
partner.bitget.fit/bg/MRSHJ6
OKX 优惠:
okx.com/join/86487038
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Açık kaynak kodlu komut dosyası
Gerçek TradingView ruhuna uygun olarak, bu komut dosyasının oluşturucusu bunu açık kaynaklı hale getirmiştir, böylece yatırımcılar betiğin işlevselliğini inceleyip doğrulayabilir. Yazara saygı! Ücretsiz olarak kullanabilirsiniz, ancak kodu yeniden yayınlamanın Site Kurallarımıza tabi olduğunu unutmayın.
微信 Wechat:yubolun001 (备注:TV)
------------
Binance 优惠:
accounts.binance.com/zh-CN/register?ref=X1PFQ12Z
Bitget 优惠:
partner.bitget.fit/bg/MRSHJ6
OKX 优惠:
okx.com/join/86487038
------------
Binance 优惠:
accounts.binance.com/zh-CN/register?ref=X1PFQ12Z
Bitget 优惠:
partner.bitget.fit/bg/MRSHJ6
OKX 优惠:
okx.com/join/86487038
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.