This is an edit to an existing script. Original credits to pigloo and Ivturner for the slight tweak.
What's been changed:
This version allows Bitfinex $BTC longs/shorts to be viewed on any chart. It can be helpful when trading alts to find out why price is fluctuating.
I've added a price tracker that will show you BFX's BTCUSD value if you have indicator...
BSI provides two attractive graphs that breakdown the long (green area) and short (red area) positions ratio for the all Bitfinex margin cryptocurrency pairs only.
It is a quantitative measure of the bullishness or bearishness that can be used as a trading rule or in a trading system entries or exits. Included slow stochastic oscillator.
Compare the BTC price at your preferred exchange against 7 other exchanges. Avoid trades at poor market value, target trades at good market value.
Average price across 8 exchanges is the 0 line, with your selected exchange displayed green if it's below the average price, red if it's above the average price. Values are displayed as distance from the average,...
A script indicating BFX sentiment through the current long and short positions.
-The histogram shows the dominant position.
-The line on the bottom shows the expected market direction from a contrarian standpoint.
PS. cudo's to @alexgrover for the quad-reg function!!
PS. I build these scripts for my personal use but publish them...
This indicators shows the changes in margin data for Bitfinex from previous bar. This means if you're looking at the 1 hour chart, it will show changes since the previous hour. 1 day chart = changes since the previous day.
Useful for seeing if a price move was due to stop runs, if a trade has become too crowded, or whatever wacky theories you have for margin...
Volume substitute for those who prefer to use the XBT ticker. Renko on a small time scale is a good option, but lacks wicks.
Can be used as a non-overlay indicator by detaching. Differences are more visible on large time scales, or on Renko.
Possible future changes:
Make the columns more volatile
Change column color based on previous column's value
If green is over the red it means that longs are currently dominant on BitFinex for BTC.
Same goes if red is over green just that shorts are dominant.
If the green is over red the green will show how many more longs there are than shorts and if you hover over the red you will see how many more shorts there are compared to longs
Vice versa if red is over...
My premium indicators are available for monthly lease at www.tradingview.com
A quick indicator in response to the product released this month from BitMEX - a Weekly settled volatility index for bitcoin!
uses BVOL calculation from www.bitmex.com
A very simple indicator to show the change of longs between the previous period and the current period on bitfinex, this works for any margin pair on Bitfinex but can also be locked to BITFINEX:BTCUSD, works hand in hand with my "Shorts Change" indicator