Metrics

Metrics are a powerful new layer of analysis built on top of our existing data infrastructure. This feature enables the application of traditional technical indicators such as RSI, MACD, and several others to nearly all available data sources, including:

• Open Interest

• Volume by Side

• Order Book Depth

• Longs/Shorts

• Liquidations

• and more.

Currently available sources

Additional Custom Metrics

In addition to standard metrics, we’ve developed several non-traditional but highly practical metrics:

• Sum — Aggregates a value over a specified time period.

• Delta — Measures the difference between the current bar’s value and the previous one.

• Sum Delta — Accumulates the value of Delta (as described above) over a given time period.

Sum, Delta and Sum Deta metrics

Chart Visualization

Metrics can be visualized directly on the chart via a dedicated panel:

• Access it by clicking the "Options" button in the TradingView top bar, then selecting "Add a metric" or from the dedicated link inside of the Indicators panel:

Add a Metric

Open Metrics panel link

• You can also use our pre-built Popular Metrics or copy sources from your existing alerts into the metrics panel and reuse Recently Added metrics seamlessly:

Adding an Open Interest RSI Metric to the Chart. Step-by-Step.

1

Add indicator to chart

Add the Open Interest (aggregation) indicator to the chart and set the timeframe to 30m

Open Interest (aggregation) indicator, 30m timeframe

2

Configure Indicator in the Metrics Panel

Open Metrics Panel and select the same Open Interest (aggregation) indicator.

Be careful to set the same properties (aggregation, source, timeframe, market and assets) as on the main chart.

Then set the RSI metric and select "Close", length 14 is usually good for basic scenarios and click "ADD TO CHART" button.

Set the same properties as for the main chart indicator

3

Configure RSI metric Bands

Open the RSI metric settings and set the desired Upper and Lower bands. Generally 70 and 30 are good for RSI.

Configure RSI bands

4

Inspect the Chart for Reversal Points

Now inspect the chart for top and bottom reversal points.

Notice how they are near to the 70 or 30 value:

Reversal points: click to enlarge or open in new tab, to see better!

5

Use It For Trading

Now you can save template and use OI RSI metric for trading along with Order Book, Order Book Depth and Top Levels.

Alert Integration

Metrics are fully compatible with the Alerts System!

• To assign a metric to an alert, simply use the "Use Metric" button when configuring the alert.

• The setup process mirrors that of chart metrics for consistency.

Creating an Alert using the OI RSI Metric. Step-by-Step.

1

Select Markets

Select BTC market

2

Pick Sources and Add RSI Metric

Add the Open Interest (aggregation) indicator, set timeframe to 30m, choose "Perpetuals" market and add the RSI metric by clicking the "Use metric" link.

Open Interest (aggregation) and RSI Metric

3

Set Conditions

For the Long alert condition set the value to "Less than" 30.

Set the RSI to Less than 30 for a Long side

4

Configure Alert

Set the Execution, Cooldown, Continuation and choose your preferable notification method.

Configure alert

5

Set the Condition for the Short Side

For the Short alert condition set the value to "Greater than" 70.

Set the RSI to Greater than 70 for a Short side

6

Save Alert

Finally save the alert (it will start automatically).

When it will trigger it will send a notification via the method you choose.

Now you can start creating Chart Metrics and use them in Alerts!

Feel free to try our Popular Metrics or create your own! 🚀