Bitmex Swaps Volume Counter Stratified by Size
This script is a volume counter that stratifies volume by size (USD): 10K, 1M, 2.5M, 5M, and +10M, and assigns a +1 or -1 value depending on the value of the closing price relative to the opening price. It is intended to be used for Bitmex swaps (XBTUSD and ETHUSD). Following the direction the block trades can provide a competitive edge with respect to your trades.
Figure 1: Notice a drop in the +10M counter prior to the drop in XBTUSD price (area plot; yellow)
Figure 2: Bottoms in the +10M counter forecasted rallies in XBTUSD
-Sim
Figure 1: Notice a drop in the +10M counter prior to the drop in XBTUSD price (area plot; yellow)
Figure 2: Bottoms in the +10M counter forecasted rallies in XBTUSD
-Sim
Release Notes:
Updated the counter to work with any asset.
Release Notes:
Cleaning up the code.