BTC futures basis indicator RTA-V1.2 comes from RTA Academy, author Ruomise Lin. Private indicators. Only for RTA students and members of the paid circle.
This indicator is compiled according to [RTA Course 4.2 Perpetual Contract Funding Rate Analysis Method].
Indicator function: It is used to analyze the basis relationship between the digital currency market BTC, BTCUSD perpetual contract and BTCUSD, so as to determine the number of long and short positions in the futures market and the level of leverage. When the blue line (basis value) is in the following interval, it means that the market direction is Yellow-shock Green deep-bullish Light green-strongly bullish Light red-bearish Deep red-strong bearish
Function Description: Precision selection The indicator has 4 accuracy modes, namely Low accuracy-ultra long time frame Medium precision-long-term time frame Standard accuracy-medium time frame High precision-short time frame
Trendline The trend line is used to determine the price position of the BTC price in the long-term time frame and above.