This script uses the number of margin trades on Bitfinex exchange and substracts the shorts from the longs to give a net result. The number represents the NET number of coins margin traded. Consequently, a positive number means that there are more long trades than shorts, a negative number means there are more short trades.
This only works on Bitfinex? I am looking for a general OI and Funding rate+future funding rate indicator on TV. THere doesn't seem to be one but other places have them. I don't know how people trade futures without knowing OI.
rgonzo1
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This is a great script. Any chance you are willing to open source this in future? Thanks.
moontumble
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This is one of the most useful indicators to gage realtime sentiment in this market.