BTC Perp/Spot Price Difference — Indicator by panickyChile85473

sentiment

This is a simple script that provides you with realtime information on the actual Bitcoin price difference between the Binance Perpetual Futures and the Coinbase Spot markets.

I consider this information very useful - especially on intraday timeframes - because it immediately shows the way the retail margin traders are skewed.

Positive values mean that the margin retail daytraders are mainly long, negative values mean the opposite.

I hope this indicator will help you in your intraday Bitcoin trades.

Release Notes:

Changed the ticker to BTCUSD.P at Binance

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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