DTR OI Indicator

DTR OI Indicator
by DTR Traders

This indicator provides a detailed view of Open Interest (OI) activity across major exchanges. It allows traders to track the evolution of OI over time, including delta changes and volume-adjusted activity. This helps spot aggressive positioning, potential liquidations, and key moments of market commitment.

📊 Display Options:
You can choose from several OI display types:

Open Interest: Raw OI value per bar

Open Interest Delta: Change in OI between bars

OIΔ × rVOL: OI Delta weighted by relative volume

Open Interest RSI: RSI based on OI to detect momentum

Each mode helps highlight different aspects of derivatives positioning.

🔌 Exchange Data Sources:
Pulls data from multiple sources including:

Binance: USDT.P, USD.P, BUSD.P pairs

BitMEX: USD.P, USDT.P

Kraken: USD.P

You can enable or disable each source individually. Prices can be shown in COIN or USD terms.

⚠️ Threshold Alerts:
Helps identify unusually large OI changes:

Set a multiplier to define what counts as "large"

Highlight significant increases (potential new longs/shorts)

Highlight sharp drops (potential liquidations/position closures)

Optionally color candles or background for strong signals

Display threshold lines directly on the chart

📈 Additional Features:
OI EMA: Smooth OI values with an EMA line

OI RSI: Monitor momentum in OI with RSI

Custom colors for up/down moves and thresholds

Adjust transparency and visuals for cleaner viewing

🧱 Distribution Profile (Optional):
This feature builds a horizontal volume-style profile of OI or OI RSI:

Identify Value Area and Point of Control (POC) for OI

Visualize where most positioning occurred

Adjustable profile resolution (rows, node size)

Works only in “Open Interest” or “OI RSI” modes

🔍 Screener (Optional):
Detects historical aggressive behavior and liquidations:

Analyze the last n bars for:

Aggressive Longs: OI up + price up

Aggressive Shorts: OI up + price down

Rekt Longs: OI down + price down

Rekt Shorts: OI down + price up

Displays a table summarizing these imbalances

🎯 Use Cases:
Spot position builds or exits in real time

Detect trader sentiment shifts

Visualize support/resistance based on positioning

Identify stop runs, rekt zones, and fakeouts

Tip: Combine with price action and volume tools for best results. This indicator works especially well around high-volatility events or consolidation breakouts.