This is a simple indicator to display the difference between the mean BTC spot price and the mean BTC perp price.
There are options to choose which spot and perp exchanges should be included in the mean calculations. It also includes the following options -
- FLIP: flip the display - DOLLARS/PERCENT: show the difference in dollar terms or percentage terms - MOVING AVERAGE: show an adjustable length simple moving average based on the difference - HORIZONTAL LINES: show up to 3 horizonal lines to indicate the extent of the spread
I find its best used on the lowest timeframes.
ملاحظات الأخبار
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Fixed the FTX perp ticker to be the correct market.
Awesome pics. Great size. Look thick. Solid. Tight. Keep us all posted on your continued progress with any new progress pics or vid clips. Show us what you got man. Wanna see how freakin' huge, solid, thick and tight you can get. Thanks for the motivation.
scramantha
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could you tell me how to read it? if the value goes up is that derivative leading vs spot?
Crucialblockchain
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@eto_miyuki, I am trying to add this indicator to my chart but nothing is displaying. it gives an study error on ByBit.
Elijah_Gallyot
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Fyi: Bybit invalid in code
JayM0ap
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Ok just found the flip option in the settings. The 4hr timeframe for btc is awesome to see accumulation ranges. I use 3 of your indicators now, awesome work
JayM0ap
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It's a great indicator actually. It seems its upside down to me, at least would be more convenient other way around. Good job regardless