Open Interest-RSI + Funding + Fractal Divergences

Indicator — “Open Interest-RSI + Funding + Fractal Divergences”
A multi-factor oscillator that fuses Open-Interest RSI, real-time Funding-Rate data and price/OI fractal divergences.
It paints BUY/SELL arrows in its own pane and directly on the price chart, helping you spot spots where crowd positioning, leverage costs and price action contradict each other.

1 Purpose
OI-RSI – measures conviction behind position changes instead of price momentum.

Funding Rate – shows who pays to hold positions (longs → bull bias, shorts → bear bias).

Fractal Divergences – detects HH/LL in price that are not confirmed by OI-RSI.

Optional Funding filter – hides signals when funding is already extreme.

Together these elements highlight exhaustion points and potential mean-reversion trades.

2 Inputs
RSI / Divergence
RSI length – default 14.

High-OI level / Low-OI level – default 70 / 30.

Fractal period n – default 2 (swing width).

Fractals to compare – how many past swings to scan, default 3.

Max visible arrows – keeps last 50 BUY/SELL arrows for speed.

Funding Rate
mode – choose FR, Avg Premium, Premium Index, Avg Prem + PI or FR-candle.

Visual scale (×) – multiplies raw funding to fit 0-100 oscillator scale (default 10).

specify symbol – enable only if funding symbol differs from chart.

use lower tf – averages 1-min premiums for smoother intraday view.

show table – tiny two-row widget at chart edge.

Signal Filter
Use Funding filter – ON hides long signals when funding > Buy-threshold and short signals when funding < Sell-threshold.

BUY threshold (%) – default 0.00 (raw %).

SELL threshold (%) – default 0.00 (raw %).

(Enter funding thresholds as raw percentages, e.g. 0.01 = +0.01 %).

3 Visual Outputs
Sub-pane

Aqua OI-RSI curve with 70 / 50 / 30 reference lines.

Funding visualised according to selected mode (green above 0, red below 0, or other).

BUY / SELL arrows at oscillator extremes.

Price chart

Identical BUY / SELL arrows plotted with force_overlay = true above/below candles that formed qualifying fractals.

Optional table

Shows current asset ticker and latest funding value of the chosen mode.

4 Signal Logic (Summary)
Load _OI series and compute RSI.

Retrieve Funding-Rate + Premium Index (optionally from lower TF).

Find fractal swings (n bars left & right).

Check divergence:

Bearish – price HH + OI-RSI LH.

Bullish – price LL + OI-RSI HL.

If Funding-filter enabled, require funding < Buy-thr (long) or > Sell-thr (short).

Plot arrows and trigger two built-in alerts (Bearish OI-RSI divergence, Bullish OI-RSI divergence).
Signals are fixed once the fractal bar closes; they do not repaint afterwards.

5 How to Use
Attach to a liquid perpetual-futures chart (BTC, ETH, major Binance contracts).
If _OI or funding series is missing you’ll see an error.

Choose timeframe:

15 m – 4 h for intraday;

1 D+ for swing trades.
Lower TFs → more signals; raise Fractals to compare or use Funding filter to trim noise.

Trade checklist

Funding positive and rising → longs overcrowded.

Price makes higher high; OI-RSI makes lower high; Funding above Sell-threshold → consider short.

Reverse logic for longs.

Combine with trend filter (EMA ribbon, SuperTrend, etc.) so you fade only when price is stretched.

Automation – set TradingView alerts on the two alertconditions and send to webhooks/bots.

Performance tips

Keep Max visible arrows ≤ 50.

Disable lower-TF premium aggregation if script feels heavy.

6 Limitations
Some symbols lack _OI or funding history → script stops with a console message.

Binance Premium Index begins mid-2020; older dates show na.

Divergences confirm only after n bars (no forward repaint).

7 Changelog
v1.0 – 10 Jun 2025

Initial public release.

Added price-chart arrows via force_overlay.