Bitfinex BTC longs vs Short & Ratio

Since the last BTC Short Squeeze on Bitmex maintenance I decided to made a Indicator plotting Long:Short ratio, and their respective graphs.

Green = Longs
Red = Shorts
Black = Ratio (Longs:Shorts)*Close <= Close price just for chart normalization!


I hope you find it useful.

NOTE: It isn't a prospective indicator, but try to find out who's bitching the market and when ;p

Catatan Rilis:

#Fixed a minor bug that didn't permit to scale the Ratio when swaping charts.

Working on adding some volume weighted index in here, stay aware!

Catatan Rilis:

#Added Treand Breakout level

Catatan Rilis:

Hey!
I updated the script
Now it might be more accurate, since the equation was fixed to actual variables.

UPDATE:
#Black like = Open value/2 * Ratio.
This will give directionality to the Ratio, at the same time that weights the interest of the investors on BTC.

You should look for similar L/S Ratio setups to find similar PA on Bitcoin markets.

Hope you find it useful as I do.

Cheers!