With large fluctuations in price, raw premium (derivs price -- spot price Δ) may lose some relevance.
A premium of say, $30, which used to be quite large, may no longer be a significant sum in terms of % of price.
This is where a Relative Premium comes in:
Relative Premium takes the raw premium and calculates it as a percentage of current spot price. Presumably,...
Can be extended with more derivative or spot pairs, see the comments in the code for instructions. Most importantly, the pairs need to be added to the respective arrays in the same order, so that the weights are applied to the correct pairs.
This indicator takes the price of Bitcoin on Coinbase and the futures price on Mex, and compares it the average price of Bitcoin across other major exchanges.
This essentials give us a spread at which Bitcoin is going for.
In turn, this could be a possible tool to help determine market sentiment.
This indicator was created for experimental purposes.
Used to show Contango or Backwardation in futures contracts vs spot price. You can input your own tickers so can technically can be used to compare anything.
* In this example I'm showing Okex Quarterly contract vs Okex spot index price because it showcases it better.
* If you are using this after 2019 the default setting will not work because I set it to...
- This indicator illustrates the premium of GBTC and the European equivalent, BTCE. Relative to the spot price of Bitcoin
- It represents the premium investors are willing to pay to be able to gain exposure to Bitcoin . Whilst holding them in an investment vehicle such as a 401k or an ISA.
- The premiums can be plotted. GBTC vs BTCUSD and BTCE vs BTCEUR
I updated the GBTC premium percentage indicator to the average bitcoin price (average between bitfinex, coinbase, bitstamp, bittrex, and gemini). I also left this new script open so you can update the amount of bitcoin per share because it is always changing. you can find the amount of bitcoin per share at grayscale.co half way down on the left.
Inspired by the article "2020's Best Performing Hedge Fund Warns Of 'Incredible Move' Around The Election" from ZeroHedge:
This script explores the relationship and attempts to find dislocation between equity risk (VIX) and high-yield corporate debt risk (VXHYG, The Cboe VXHYG Index is an estimate of the expected 30-day volatility of the return on iShares' High...
When doing i.e the 3 minute timeframe turn on the closest timeframe available for you or the candles and wicks will be fucked up.
So if you're doing the 5 hour timeframe candles turn on the 4hr chart on your main chart.
To View the candles in full screen double click the windows with the candlesticks
If you don't have TradingView premium and want to look at...
This is a % premium vs average BTCUSD price. In other words, how much % more are exchanges selling bitcoin at compared to normal BTCUSD price?
Green: USD Exchanges including Bitfinex, Poloniex, Coinbase, and Bitstamp