OPEN-SOURCE SCRIPT

BTC Perpetual Futures Premium [Morty]

Updated
Version 1.0, 20210409

This is an oscillator indicator that shows the premium between BTC perpetual futures and spot prices.

The prices of futures and spot are weighted average prices, weighted by the exchange's trading volume.

When the indicator is in the upper half of the region, the funding rate of perpetual contracts is relatively high, and the market trend is bullish.
When the indicator is in the upper half of the region, the funding rate of perpetual contracts is relatively high, and the market trend is bearish.

You can set the upper and lower limits of the premium. When the indicator exceeds the upper or lower limit, the trend usually reverses.

Buy the dip, Sell the high.

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Version 1.0, 20210409

这是一个振荡器指标,它显示了BTC永续期货和现货之间的溢价。

期货和现货的价格是加权平均价格,由交易所的交易量加权。

当指标在上半部区域时,永续合约的资金费率相对较高,市场趋势是牛市。
当指标在上半部区域时,永续合约的资金费率相对较高,市场趋势是熊市。

您可以设置溢价的上限和下限。当指标超过上限或者下限,通常会趋势反转。

Buy the dip, Sell the high.

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Bitcoin (Cryptocurrency)BTCcryptofundingratesOscillatorspremium

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 publication is governed by House rules. You can favorite it to use it on a chart.

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