Order Flow RSI — Price / CVD / OI

Order Flow RSI blends three powerful market perspectives — Price, Cumulative Volume Delta (CVD), and Open Interest (OI) — into one unified RSI-style oscillator.
It reveals momentum and imbalance across these data streams and highlights situations where participation, liquidity, and positioning disagree — moments that often precede reversals.

What it does

The indicator converts:

• Price → RSI (classic momentum),
  
• CVD → RSI (buy/sell pressure balance),
  
• OI → RSI (position expansion/contraction)
  

…then plots all three RSIs together on the same 0–100 scale.
A fourth Consensus RSI (average of any two or all three) can optionally be shown to simplify the view.

Core logic

• CVD engine – based on TradingView’s native volume-delta request.
  
• Modes: Continuous (default, smooth line), Anchored (resets each session), Rolling window.
  
• Open Interest – pulled automatically from the symbol’s “_OI” feed; aligns to chart timeframe for real-time flow.
  
• RSI calculation – standard RSI applied to each data stream, optionally smoothed (SMA / EMA / RMA / WMA / VWMA).
  
• Signals – optional background highlights when:
  
• All three RSIs are overbought (red) or oversold (green), or
  
• Any pair show opposite extremes (e.g., price overbought + OI oversold).
  
• Consensus RSI – arithmetic mean of the selected RSIs, summarizing overall market tone.
  

Inputs overview

• CVD settings: anchor period, lower-TF delta, mode, rolling length
  
• RSI lengths: separate for price, CVD, OI
  
• Smoothing: type + period applied to all RSIs at once
  
• Consensus: choose which RSIs to average
  
• Signals: enable/disable each combination; optional alerts
  
• Levels: adjustable OB/MID/OS (default 70 / 50 / 30)
  
• Visuals: fill between active RSIs, background highlights, level lines, colors in Style tab
  

How to read it

• All 3 overbought (red): broad exhaustion → possible correction
  
• All 3 oversold (green): broad depletion → possible bounce
  
• Opposite pairs: divergence between price and participation
  
• Price↑ but OI↓ (red) → weak rally, fading participation
  
• Price↓ but CVD↑ (green) → hidden accumulation
  

Combine with structure and volume profile for confirmation.

Notes

• Works best on assets with full CVD + OI data (futures, BTC, etc.).
  
• Use Continuous CVD for smooth RSI, Anchored for session analysis.
  
• Smoothing 2–5 EMA is a good starting point to reduce noise.
  
• All styling (colors, line types, thickness) is adjustable in the Style tab.
  

Limitations & caveats

• CVD requires accurate tick/volume/delta data from your data feed. Performance may differ across instruments.
  
• OI availability varies by exchange / symbol. Where OI is absent, pairwise OI signals are not evaluated.
  
• This indicator is a tool — it generates signals of interest, not guaranteed profitable trades. Backtest and combine with your risk rules.
  
• Smoothing introduces lag; longer smoothing reduces noise but delays signals.
  

Order Flow RSI bridges traditional momentum analysis and order-flow context — giving a multi-dimensional view of when markets are truly stretched or quietly reloading.
Sometimes it works, sometimes it doesn't.