Binance Funding and Premium Index Extended [NeoButane]

A premium index indicator for Binance exclusively. This extended version includes BTC, ETH, BNB, LINK, and more.

Just like BitMEX, there is a +/- 0.05% clamp with 0.01% being the default. Funding periods occur at 0000 UTC, 0800 UTC, and 1600 UTC.

Binance documentation does not mention a maximum funding rate, so instead there is an option to limit how much is funding/premium is displayed if it is too extreme.

There are alarm conditions that can be set for any coin's premium crossing above or below the set amount as well as visualizations for the premium level set.

Helpful notes:
ETHUSD on BitMEX is a quanto swap and shorting it incurs more risk. That is a partial explanation as to why premiums for ETH swaps are lower on other exchanges. See here for more info:
insights.deribit.com...isk-and-opportunity/

The final funding rate is derived from the premium index and paying/receiving interest happens only if a position is held. Since interest is handled between traders, you may see significant moves when funding is very high or low. This appears to be very pronounced on DeFi tokens.

This is a paid indicator, please DM for access

Release Notes:

Slight tweak to be better suited for Binance.

Release Notes:

Modified volume weighted index composition, with exclusions for coins that don't exist on certain exchanges, such as YFI on Bitfinex. of BInance's selections, Bittrex and HitBTC were excluded for volume weighting. Bittrex has very little volume and would require many exclusion rules. HitBTC is the same and sometimes has bad data (HITBTC:YFIUSDT).

Release Notes:

Created signal highlighting for primitive premium deviations. Current filtering performs better on timeframes 1 hour or higher.

Release Notes:

- Added alerts on deviations (thanks for the reminders to make reminders)
- Made volume weighted premium index the default. In almost all cases, this is the more accurate option to use
- Changed premium color to be more visible on white backgrounds and better match Binance's theme
- Added FLM

Release Notes:

Rebalanced indices, individual weighted index changes

Release Notes:

Added raw premium, which shows unfiltered premium extremes. It can aid in identifying reversals. The option 'Raw Premium Display Limit' simply limits how much is viewed.

Release Notes:

Pushed an incorrect formula for raw premium, sorry! Fixed now. Please remember to re-add the indicator to receive the newest version :)

Release Notes:

Added a label that will show the currently chosen coin, improved visibility, simplified inputs, and more.

Release Notes:

Minor cosmetic changes and weighting

Release Notes:

Improved filtering

Release Notes:

Improved daily charting and now has the option to show bar close values only, not values before it closes. That option is called 'Show Premium Values at Bar Close Only' and is off by default for now.

Release Notes:

Rolling back recent update due to bugs; Sorry about the spam!

Release Notes:

Re-add autoswitch

Release Notes:

Hotfix on ticker auto-detection.

Release Notes:

Changed raw premium display limit to 1% to reflect the state of the markets, reweighted, and refreshed the list of available USDT pairs.