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...
Ratio of bitfinex longs versus the total btc in positions. Maybe a good indicator of market sentiment. It allows you to see too where were people taking profit or closing positions. Remember that ratio going up doesn't necesarily mean more longs positions are being added. It could mean shorts are closing position massively. The conversely is also true.
I made a StochasticOscillator with BITFINEX:BTCUSDLONG & BITFINEX:BTCUSDSHOTS
Hope you enjoy it, and remember it's not about the asset's price, but about the asset's interest with these finantial tools.
Similar to RSI Bitfinex, but Stoch version.
It applies Stochastic Oscillator to BTC longs/shorts ratio on Bitfinex. You can use the oscillator as you'd use Stoch:
- Oversold/overbought signals
- R/S on the indicator
- Trend indication
Pretty much Self-explanatory :)
The columns (green and red) are difference in long and short positions during that period. Positive number suggests more number of long positions and vice-versa.
Works for all allowed crypto-pairs.
A similar indicator was published by another user, but sadly he closed the source code