This indicator uses data provided by different crypto derivative exchanges to estimate and display the potential Longs and Shorts opened and closed during a determined period. The indicator supports multiple exchanges and coins.
Knowing the the behavior of traders as in how they're positioning can be useful for different things like:
Get a sense of market sentiment
Better anticipating which way liquidity/stop hunts might potentially go.
All data is calculated based off OI data provided by exchanges except for Bitfinex which provides both Longs and Shorts opened and closed
Preset exchanges included are:
Bitfinex
Binance: USDT, USDPERP & BUSD pairs
Bitmex: USDT & USD pairs
Kraken
The indicator is preset to work with BTC but it can be easily changed to any coin by typing it's name (Capitalized) in the Coin Name box