OPEN-SOURCE SCRIPT
Updated BTC Spot/Futures Volume Ratio
Shows the ratio between the spot trading volume versus futures trading volume for Bitcoin. This ratio may be interpreted as how active the market currently is, and may lead to various interpretations. For example, when the price is at a high level and this ratio gradually decreases, it may imply the end of the distribution phase; when the price is low and the ratio is at the bottom, it may imply the bottom of the price.
Release Notes
debugOpen-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
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.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
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.