INVITE-ONLY SCRIPT
Premium Div [Intromoto]
Updated
This script shows candles and respective zones where premium of the asset (Binance spot vs Binance Futures) is either converging with price or diverging from price.
If the difference between spot price and futures price (Premium) is increasing with price increasing, this is normal/slightly bullish contango (Gray).
If premium is decreasing with price increasing, this is bullish (Green).
If premium is decreasing with price decreasing, this is normal/slightly bearish (Orange).
If premium is increasing with price decreasing, this is bearish (Pink).
I've included a background color, barcolor, and a plotshape that will show between the bullish and bearish transitions and a size option.
DM for access.
Thanks
If the difference between spot price and futures price (Premium) is increasing with price increasing, this is normal/slightly bullish contango (Gray).
If premium is decreasing with price increasing, this is bullish (Green).
If premium is decreasing with price decreasing, this is normal/slightly bearish (Orange).
If premium is increasing with price decreasing, this is bearish (Pink).
I've included a background color, barcolor, and a plotshape that will show between the bullish and bearish transitions and a size option.
DM for access.
Thanks
Release Notes
Removed unnecessary metricsInvite-only script
Access to this script is restricted to users authorized by the author and usually requires payment. You can add it to your favorites, but you will only be able to use it after requesting permission and obtaining it from its author. Contact Intromoto for more information, or follow the author's instructions below.
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