ProCrypto OI Candles (auto symbol) — by ruben_procrypto

ProCrypto OI Candles (Auto Symbol) visualizes Open Interest in a clear and intuitive way by converting OI data into candles and a smooth trendline.
The script automatically detects the correct OI symbol based on the chart you are viewing, so there is no need to manually change OI tickers when switching between assets.

🔹 Key Features

Automatic Symbol Detection
The indicator automatically selects the appropriate Open Interest data source for the asset on your chart (BTC, SOL, ADA, DOGE, etc.).

OI Candles
Open Interest is displayed as candles to show whether market participation is increasing or decreasing on each bar.

Multi-exchange Support
Users can choose OI data from Binance, Bybit, or OKX. Any combination is supported.

Smooth OI Trendline
An optional EMA-based OI line provides a clear view of the underlying trend in trader activity.

Delta Bars (optional)
Highlights whether Open Interest expanded or contracted within the candle.

🔹 How to Interpret OI

Typical relationships between price and OI:

Price ↑ + OI ↑ → Trend continuation likely
New positions entering the market.

Price ↑ + OI ↓ → Short squeeze / weak move
Shorts closing, not new longs opening.

Price ↓ + OI ↑ → New shorts entering
Often signals bearish pressure.

Price ↓ + OI ↓ → Longs closing
Can indicate capitulation or consolidation.

These concepts help traders understand the strength or weakness behind a price move.

🔹 Inputs

Choose exchange(s) for OI data

Adjust candle opacity

Enable/disable OI line

Smoothing length for OI line

Optional delta bars

Range lookback for line offset

All settings are customizable to suit different styles of analysis.

🔹 Notes

Some assets may not have Open Interest data available on all exchanges.

The indicator uses standard TradingView data sources via request.security().

No trading signals are generated; this script is a visualization tool only.

🔹 Author

Created by ruben_procrypto for traders who analyze liquidity, Open Interest, and market participation.