Green = Longs
Red = Shorts
Black = Ratio (Longs:Shorts)*Close <= Close price just for chart normalization!
I hope you find it useful.
NOTE: It isn't a prospective indicator, but try to find out who's bitching the market and when ;p
Working on adding some volume weighted index in here, stay aware!
I updated the script
Now it might be more accurate, since the equation was fixed to actual variables.
#Black like = Open value/2 * Ratio.
This will give directionality to the Ratio, at the same time that weights the interest of the investors on BTC.
You should look for similar L/S Ratio setups to find similar PA on Bitcoin markets.
Hope you find it useful as I do.
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.
At this time I'm kinda out of the market, that means I'm 50BTC 50USD, waiting for price to take some order upstream or downstream the current point :P
Imo the short's position decline means that a trend is getting exhausted, I think the relative impulssive wave that we experienced may be at the end.
Other ppl sees SHS and 20/50 EMAs Golden Crossing, but I think those patterns have already been seen for like 10th time since the initation of the correction, I don't buy it.