Since the last BTC Short Squeeze on Bitmex maintenance I decided to made a Indicator plotting Long:Short ratio, and their respective graphs.
Green = Longs Red = Shorts Black = Ratio (Longs:Shorts)*Close <= Close price just for chart normalization!
I hope you find it useful.
NOTE: It isn't a prospective indicator, but try to find out who's bitching the market and when ;p
Release Notes
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#Fixed a minor bug that didn't permit to scale the Ratio when swaping charts.
Working on adding some volume weighted index in here, stay aware!
Release Notes
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#Added Treand Breakout level
Release Notes
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Hey! I updated the script Now it might be more accurate, since the equation was fixed to actual variables.
UPDATE: #Black like = Open value/2 * Ratio. This will give directionality to the Ratio, at the same time that weights the interest of the investors on BTC.
You should look for similar L/S Ratio setups to find similar PA on Bitcoin markets.
Check my ideas related to BTC, I use this script a lot and you might get an idea of how I use it.
Cheers!
Kurtimus
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Double top incoming?
BiO-618
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@Kurtimus, possibly ^^
At this time I'm kinda out of the market, that means I'm 50BTC 50USD, waiting for price to take some order upstream or downstream the current point :P
Imo the short's position decline means that a trend is getting exhausted, I think the relative impulssive wave that we experienced may be at the end.
Other ppl sees SHS and 20/50 EMAs Golden Crossing, but I think those patterns have already been seen for like 10th time since the initation of the correction, I don't buy it.
Cheers!