Aggregated Open interest + Volume Delta

Aggregated Open Interest from Binance + Bybit with adaptive threshold detection, delta-based
positioning classification, and noise-killing bar coloring.

Most OI indicators show you raw data. This one filters out the noise and highlights only what matters
— significant OI events that move the market.

How It Works

The indicator aggregates Open Interest OHLC data from 4 sources:
- Binance USDT & USD perpetuals
- Bybit USDT & USD perpetuals

It then applies an adaptive SMA-based threshold to detect statistically significant OI changes. Only
bars that exceed the threshold get colored — everything else is dimmed to dark grey. This is the
signature feature: at a glance, you see only the bars that matter.

The Core Logic: Delta + OI Positioning

Most OI indicators classify bars using candle color (bullish/bearish close). This is wrong.

A candle can close bearish after a liquidity sweep above a high — but the actual volume delta is
positive (shorts buying to cover their stops). Candle color lies. Delta tells the truth.

The key insight: OI increasing = new fuel (positions that can be squeezed). OI decreasing = exits (no
new fuel, just unwinding).

Features

Display Modes
- OI Candles — OHLC candlestick chart of total aggregated OI
- OI Delta — Bar chart showing per-bar OI change (close - open, intra-bar)

Threshold-Based Bar Coloring
- Normal candles dimmed to dark grey — cuts through noise instantly
- 4-color fuel mode: bright green (Agg Longs), bright red (Agg Shorts), muted red (Rekt Longs), muted
green (Rekt Shorts)
- Simple 2-color mode also available (green = OI up, red = OI down)
- All colors fully configurable

Order Flow Detection
- Smart labels on each significant bar (AGG LONGS, AGG SHORTS, REKT LONGS, REKT SHORTS)
- Liquidation cascade detection — highlights when 2+ consecutive bars show large OI decrease (margin
cascade)
- Absorption detection — large OI increase with a small candle body signals institutional accumulation

Screener Table
- Bottom-right table showing dollar values over a configurable lookback (default 200 bars):
- Rekt Longs / Rekt Shorts
- Aggressive Longs / Aggressive Shorts
- Total aggregated OI

8 Alert Conditions
- Large OI Increase / Decrease
- Rekt Longs / Rekt Shorts
- Aggressive Longs / Aggressive Shorts
- Liquidation Cascade
- Absorption

Settings

- Threshold Multiplier (default 5.0) — higher = fewer events, lower = more sensitive
- SMA Lookback (default 300) — adaptive threshold window
- Data Sources — toggle each exchange on/off independently
- Dim Normal Bars — the signature grey-out effect (on by default)
- 4-Color Fuel Mode — positioning-aware coloring (on by default)
- OI EMA — optional moving average overlay on OI candles

Why Delta + OI > Candle Color + OI

Example: Price sweeps above a swing high (SFP), then reverses and closes bearish. Standard indicators
see "bearish candle + OI decrease" and label it "Rekt Longs." But the volume delta on that bar is
positive — shorts were buying to cover their stops above the high. The correct label is Rekt Shorts.
This indicator gets it right because it uses delta, not candle color.

Usage Tips

- Works on any crypto perpetual chart — dynamically builds symbols from syminfo.basecurrency
- Best on 5m, 15m, 1H, 4H timeframes
- Start with default settings (multiplier 5, lookback 300) then adjust to your timeframe
- Lower multiplier = more signals, higher = only the biggest events
- Combine with supply/demand zones for confluence — significant OI events at key levels are the
highest-probability setups

Created by: AghaInvst