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...
This script allows you
1. to plot the outstanding BTC long (green) and/or short (red) positions
2. to plot an area (blue) corresponding to the ratio between the outstanding long and short positions, shifted and rescaled, such that the zero-line corresponds to the mid-point between the long and short positions: ratio => ratio * mid + mid
Base on RSI, I write this script for Bitmext XBTUSD pair, in 15M timeframe.
I tested and it gave me many correctly signals so I hope you will love it
- this script can use in other timeframe but I wrote it for 15m so, it's best in 15m
-you should combine with more indicators for best entry/exit, but, you can easily follow this in 3-5 candles and...
Shows BTCUSDLONGS vs BTCUSDSHORTS along with their rate of change on a scale that's friendly for a combined indicator. ROC is increased proportionally so you can see it in relationship to Open Shorts and Open Longs on the same graph without zooming. I had been using an offset as well, but using an offset to adjust position causes the highs to look lower and it...
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
It shows amount of longs vs shorts for Bitfinex.
It can be applied to any currency that has a long/short option on Bitfinex.
It works with any other exchange but it pulls short long data from Bitfinex.
Useful for "reading" the market sentiment.
Use it well. Be blessed.
Bitfinex BTC -0.82% longs versus shorts margin trading positions
Displays total longs, total shorts, and net
Option to normalize data between to -100% and 100%
Option to adjust smoothing factor
Option to adjust upper and lower threshold when normalized