FerdiHodler

Binance Z Volume

BTC perpetual volume on Binance is about 4x spot volume .

Comparing spot and perpetual volumes could provide useful insights into market sentiment.

Abnormal increases in the spot market could be associated with accumulation. Abnormal increases in the perpetual market, on the other hand, could predict volatility as well lows and highs.

This script represents a Z-score of the volume of perpetual and 4xspot on Binance.

High values above 0 mean that the volume is skewed towards perpetual contracts. Values below 0 mean that the volume is skewed towards spot contracts.

Feel free to suggest changes and improvements of this script.

Translated with http://www.DeepL.com/Translator (free version)

BIO
Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

Want to use this script on a chart?

Comments

Home Stock Screener Forex Screener Crypto Screener Economic Calendar About Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Private Messages Chat Sign Out