New Indicators "Net Longs" and "Net Shorts"

[Sebastian7700]

I'll keep it short, thanks a lot for everything you implemented up until now. I have two suggested indicators, to enhance the information the platform is offering. Specifically enhancing what you can read from open interest.

With OI + Volume Delta you can see on individual candles if longs/shorts have opened/closed. But if you open the chart and you see a range, it is quite hard to see if there were more longs or shorts opening in that range, which is quite valuable information.

I suggest the creation of the indicators "Net Longs" and "Net Shorts".
They work exactly like OI, except they exclusively track longs or shorts respectively.

Here is an example of a implementation:

[Sebastian7700]

Since you can't retrieve this information directly from an exchange, here is how it is calculated:

Net Longs (NL) and Net Shorts (NS) is an experimental indicator, which estimates the amount of futures contracts entering or leaving the market. It works only on fast OI reporting exchanges (Bitmex, Bybit, Okex, Phemex). The calculation algorithm is based on the price and OI fluctuations:

Price UP, OI UP = New Longs
Price Down, OI Down = Longs Covering
Price Down, OI UP = New Shorts
Price UP, OI Down = Shorts Covering

[philcee404]

i also really wish someone would make this...