OPEN-SOURCE SCRIPT
BTC Longs/Shorts ratio by [VanHelsing]
BTC Longs/Shorts ratio
It is a sentiment indicator. It uses data from Bitfinex longs chart and shorts chart.
When ratio line going up it simply means most of the people from Bitfinex buying BTC when it goes down selling.
So in this way we know bull and bear presure
But it is only one exchange? Yes, but it is enough accurate for BTC, for ETH it is not so good.
How it works:
With request security function was called the closes of longs and shorts charts
and then with simple calculation was extracted a ratio of it and rescaled to make it easy to read.
When ratio line moves up it gradualy changing background from -1 to 1 from red to green and vice versa to understad what is a trend or a majore sentiment of people
After ratio was ploted, I created a smoothed ratio line with sma to extract signals from it buy and sell in a form of green and red circles.
How to read it:
It is a sentiment indicator. It uses data from Bitfinex longs chart and shorts chart.
When ratio line going up it simply means most of the people from Bitfinex buying BTC when it goes down selling.
So in this way we know bull and bear presure
But it is only one exchange? Yes, but it is enough accurate for BTC, for ETH it is not so good.
How it works:
With request security function was called the closes of longs and shorts charts
and then with simple calculation was extracted a ratio of it and rescaled to make it easy to read.
When ratio line moves up it gradualy changing background from -1 to 1 from red to green and vice versa to understad what is a trend or a majore sentiment of people
After ratio was ploted, I created a smoothed ratio line with sma to extract signals from it buy and sell in a form of green and red circles.
How to read it:
סקריפט קוד פתוח
ברוח TradingView אמיתית, מחבר הסקריפט הזה פרסם אותו בקוד פתוח, כך שסוחרים יוכלו להבין ולאמת אותו. כל הכבוד למחבר! אתה יכול להשתמש בו בחינם, אבל השימוש החוזר בקוד זה בפרסום כפוף לכללי הבית. אתה יכול להכניס אותו למועדפים כדי להשתמש בו בגרף.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.