PriceOI Matrix

PriceOI Matrix

Designed to visualize the relationship between price movement and open interest (OI) for an asset, such as Bitcoin, as on any timeframe. It uses a quadrant-based matrix to identify market conditions and trends.

Key Features:

• Market Analysis: Plots the rate of change (ROC) of price and OI to determine quadrants representing market scenarios (e.g., Leveraged Rally, Spot Rally, Leverage Sell-Off, Deleveraging Sell-Off).
  

Customizable Inputs:

• OI ROC Lookback (default 7) and Standard Deviation Lookback (default 100).
  

• Box plot settings including distance, scale, height, and X-axis position.
  

• Theme options (DARK/LIGHT) and trail settings (length, fade, gradient, dot style).
  

Visualization:

• A glowing box with a central crosshair and diagonal lines, displaying the current and historical price/OI ROC relationship.
  

• Dots representing the current, previous, and two-period-ago points, color-coded by quadrant.
  

• A trailing path with optional gradient colors and dynamic dot sizes.
  

• Quadrant labels with detailed or simple text descriptions, adjustable for size and opacity.
  

Usage:

• Helps traders identify market phases, such as leveraged rallies or deleveraging sell-offs, based on price and OI dynamics.
  

• The trailing path and quadrant labels provide historical context and potential trading signals.
  

Ideal for overlay on a 1-day chart to monitor real-time market interest, as depicted in the Bitcoin/USD chart.