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H/T @AureliusBTC and @cryptom173 for tweaks and assistance
Added three more setups:
- Correlation oscillator
- Percent change for the two sets of ("retail" and "nonretail"), independent of each other
The correlation oscillator shows that inverse/lowering correlation can result in price increasing, acting as if oversold; the same can be said when correlation increases.
"Raw" is the tickers without changing anything about them.
Percent change is the % difference from the current bar and bar.
Color coded the columns based on percent levels; <15%/<25%/<35%/<39%/<55%/>55%. <46% created too much noise for an indicator. 36% - 38.99% is red to alert possible trend changes in the ratio.
(Overly) summarized use of the original script:
The bars up -> Common fiat onramp exchanges have good that signal an influx of new investors
The bars down -> The majority of is on big boy exchanges where retail/new investors aren't likely to be trading
General script cleanup
Removed the percent/raw volume changes
USD denominated exchanges have had their formula changed from volume / close to volume / hlc3
Added bitFlyer futures exchange as nonretail option for theory
Added toggle for color changes; using raw values to derive information vs. local momentum seems to be a mistake and can cause confusio
ברוח TradingView אמיתית, מחבר סקריפט זה פרסם אותו עם קוד פתוח, כך שסוחרים יוכלו להבין ולאמת זאת. הידד למחבר! אתה יכול להשתמש בו בחינם, אך שימוש חוזר בקוד זה בפרסום הנו בכפוף ל כללי הבית . אתה יכול להגדירו כמועדף ולהשתמש בו בגרף.
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The original author has updated it here for the time being: