Timescale license does not provide that, so obviously it's more restrictive than even the most viral of open source licences.
To be specific, the sentence "the customer is prohibited, either contractually or technically, from defining, redefining, or modifying the database schema or other structural aspects of database objects," spits in the face of all the ideals of open source. I can respect your decision to choose such a license, there are understandable practical arguments for that, but I can't respect you calling that open source - if you consider that users should be restricted with what they can do with their data schemas, if you include an explicit anti-user-freedom clause, legally mandating software developers to be hostile to their own users - then at least have the guts to openly say that you are against open source (because of all the valid reasons you have, I'm not denying that, you don't have a duty to be pro-open-source), instead of misleadingly labeling your license as such.