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.
Thanks a lot for this, I am using it for some time now, pretty helpful! Could you please advise how to switch the view from simple line to the view that you are using in your videos? Thank you!
panickyChile85473
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Happy that you like the script. Please note that it is open source so if you need to use it on different assets, just feel free to copy the code and switch the asset ticker. Happy trading!
Thanks a lot for this, I am using it for some time now, pretty helpful! Could you please advise how to switch the view from simple line to the view that you are using in your videos? Thank you!