Bitmex BTC Backwardation / Contango — Indicator by RedAndBlue

oscillator bitmex btc contango backwardation futures

This indicator calculates difference between price of Bitmex's XBTUSD, and Bitmex's two nearest futures.

If the difference is negative, then it is backwardation.

If the difference is positive, then it is contango.

This script will be updated every about 3 months, when the nearest Bitmex future will be expired.

This is an updated script of

Most short term Bitmex future contract - Bitmex perpetual

, with better description.

Release Notes:

Adding XBTM20 (June 26, 2020)

Release Notes:

Removal of expired futures.

Release Notes:

Removed expired futures & added XBTU20.

Release Notes:

XBTZ20 Update

Release Notes:

Add XBTH21

Release Notes:

Futures update.

Release Notes:

Futures update

Release Notes:

Futures update

Release Notes:

Update

Release Notes:

Update

Release Notes:

Script update

Release Notes:

Update

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.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

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