Inspired by @SimpeLyfe on both tradingview and twitter
Takes BitMex's XBT volume and divides it by a basket of spot exchanges volume to determine a ratio between both of them.
Has options like: Smoothing or no smoothing, Showing individual data points or data points summed up over a specified period.
Open source so enjoy!
Shows the long / short ratio of trader's positioning in bitfinex exchange.
The higher the ratio, it means there are more longs. The lower the ratio, the more shorts are currently being opened,.