Building a Crypto Open Interest Footprint by Price Level

Summary

This indicator builds an open interest footprint for cryptocurrency charts using lower-timeframe price and open-interest changes. It groups the changes by price levels and classifies them into four categories according to whether price and open interest rose or fell, corresponding to newly opened or closed long and short positioning. Users can select minute, second, or tick granularity, set tick spacing, and optionally accumulate levels across a chosen reset interval.

The script displays category values, net change, delta percentage, and imbalance information in a price-level visualization, with options for value areas and stacked imbalances. Its interpretation depends on the quality and availability of the symbol’s open-interest feed and on how lower-timeframe changes are assigned across each bar’s price range. The source restricts its footprint generation to crypto symbols and provides no trading rules or performance evidence; the visualization is an analytical aid rather than a validated predictor.

Key ideas

• The footprint combines lower-timeframe price movement with changes in open interest at selected price levels.
• Four categories distinguish rising or falling price from rising or falling open interest.
• Granularity, tick spacing, and cumulative reset intervals control how the profile is constructed.
• The display includes net change, delta percentage, and configurable imbalance and value-area views.
• Coverage is limited to crypto symbols, and the source provides no evidence that footprint patterns predict returns.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.