CQ_[TACHIMETER]The Tachimeter Indicator: A Fun Financial Gauge
Visualizing Market Momentum in Real Time
Introduction
The Tachimeter is a playful and innovative indicator designed for those who enjoy observing the financial markets with a touch of excitement. Much like the tachometer in a car measures engine revolutions per minute, the Tachimeter measures the "revolutions" of money in the market — showing just how fast funds are moving in or out, every twenty seconds.
What Does the Tachimeter Show?
At its core, the Tachimeter displays how much money (in U.S. dollars) is shifting direction — either up or down — from the current price within a 20-second window. The indicator operates on a scale that starts at $0 (no significant movement) and extends to $1200, representing the maximum flow observed in each 20-second period.
• Scale: $0 to $1200 every 20 seconds
• Direction: Indicates if money is moving upwards (buying) or downwards (selling)
• Purpose: For entertainment and observation, not for actual trading decisions
Visual Design and Interpretation
The Tachimeter features a gauge reminiscent of a car’s tachometer. The gauge moves to show the current intensity of money flowing into or out of the market right now, providing an immediate sense of how "fast" buyers or sellers are acting.
• Gauge Indicator: The amount of squares shows the speed of ongoing transactions, just like a rev counter in a vehicle.
• Color-Coded Title: The title of the indicator switches colors based on the market’s relationship to the daily opening price:
• Red: When the current price is lower than the daily opening price, indicating downward momentum.
• Green: When the current price is higher than the daily opening price, signaling buying momentum.
How to Use the Tachimeter
This indicator is intended purely for fun — it gives you a rapid, visual sense of market activity, letting you "feel" the excitement of fluctuating prices. If you enjoy watching the markets move, the Tachimeter adds a dynamic, visceral element to your experience.
• Watch the needle twitch higher as heavy buying or selling takes place.
• Notice title color changes as the market sentiment shifts from bullish (green) to bearish (red), or vice versa.
• Use it as a conversation starter or to enhance your enjoyment of fast-paced trading sessions.
Final Thoughts
Like your car’s tachometer helps you sense when to shift gears, the Tachimeter lets you sense when the market is "revving up." It’s not a tool for serious decision-making, but it transforms raw financial data into an engaging, interactive visual — perfect for those who appreciate both finance and a bit of fun.
Enjoy watching the market’s RPMs!
Sentiment
Multi-Timeframe Confluence Indicator - 4 Timeframes, No Guessing🎯 Multi-Timeframe Confluence Indicator (FREE)
Stop Trading Blind - See All Timeframes at Once!
Why do 87% of traders fail? They trade against the bigger trend. This indicator changes that.
✨ What You Get:
- 4 Timeframe Analysis (Current/15m/1H/4H) in ONE view
- Smart Confluence Zones - Know exactly where to trade
- Non-Repainting Signals - What you see stays
- Live Confluence Table - All timeframes at a glance
- Professional Alerts - Never miss high-probability setups
📊 How It Works:
1. TREND: 50/200 EMA across timeframes
2. MOMENTUM: RSI confirmation
3. SCORE: -8 to +8 confluence rating
Strong signals only appear when MULTIPLE timeframes agree!
🎯 Signal Types:
- 💚 STRONG BUY (Score 6+)
- 🟢 BUY (Score 3-5)
- 🔴 SELL (Score -3 to -5)
- ❤️ STRONG SELL (Score -6 or less)
⚡ Perfect For:
- Beginners (simple, visual)
- Scalpers (avoid counter-trend trades)
- Swing traders (catch big moves)
- All markets (Crypto/Forex/Stocks)
🎁 100% FREE - No Hidden Fees!
Professional-grade tool. No strings attached.
Add now and trade with the confidence of seeing the complete market picture!
---
Works on: BTC, ETH, ES, NQ, Major FX Pairs
Best results on liquid instruments
⬇️ FOLLOW for more free indicators!
Bojack RPDWhere other tools provide a static signal, RPD delivers a dynamic probability. It understands that a true market turning point is not a single event, but a cascade of failing momentum, structural breakdown, and a shift in market order. RPD's core engine meticulously analyzes each of these dynamic components—the market's underlying state, its velocity and acceleration, its degree of chaos (entropy), and its structural framework. These forces are synthesized into a single, unified Probability Score, offering you an unprecedented, transparent view into the conviction behind every potential reversal.
Development Philosophy
Reversal Point Dynamics was engineered to answer a fundamental question: can we objectively measure the forces behind a market turn? It is a synthesis of concepts from market microstructure, statistics, and information theory. The objective was never to create a "perfect" system, but to build a robust decision-support tool that provides a measurable, statistical edge by focusing on the principle of confluence.
By demanding that multiple, independent market dynamics align simultaneously, RPD filters out the vast majority of market noise. It is designed for the trader who thinks in terms of probability and risk management, not in terms of certainties. It is a tool to help you discount the obvious and bet on the unexpected alignment of market forces.
Nifty Trend Dashboard with RSIThis is for learning purposes only. it will show the RSI current trend and overall trend.
CRYPTO CME GAPS- Can be used in any crypto symbol of any exchange, (not necessarily the CME exchange)
- Displays the CME gaps with the colors green or red depending on the sentiment of the gap
- Extends the gaps displayed until they are filled.
- In the end of the code there are the boolean values 'filled_bull' and 'filled_bear' that can be used to create a strategy script.
TotM - BTC Price Momentum (30-day)🇬🇧 ENGLISH VERSION
A simple and effective 30-day momentum indicator for Bitcoin.
This indicator calculates the 30-day price momentum of Bitcoin, expressed as a percentage change from the closing price 30 bars ago. It's a lightweight and visual tool to assess short-term strength or overheating of price movements.
🟦 Blue = positive momentum
🔴 Red = overheated (> +40%)
⚫ Gray = negative momentum
Reference lines at 0% and 40% mark equilibrium and overbought zones.
Feel free to customize it for other assets or timeframes.
For educational use only – not financial advice.
Buy/Sell Demand Pressure SMAThis indicator shows when competing buying and selling pressure has changed.
When bullish buying offsets bearish transaction volume, the indicator turns green. When bearish selling pressure offsets bullish buying volume the indicator is red.
Can be used as a normal SMA or to confirm buy/sell signals of other indicators.
Works best at the start of trades...and not exits but if set properly, it is a good indicator of when a trend has reversed.
~ jb tuttle
Oops Reversal-Updatedoops reversal - manas arora updated to cover only if it closes above previous day high
Canonical Momenta Indicator [T1][T69]📌 Overview
The Canonical Momenta Indicator models trend pressure using a Lagrangian-based momentum engine combined with reflexivity theory to detect bursts in price movement influenced by herd behavior and volume acceleration.
🧠 Features
Lagrangian-based kinetic model combining velocity and acceleration
Reflexivity burst detection with directional scoring
Adaptive momentum-weighted output (adaptiveCMI)
Buy 🐋 / Sell 🐻 labels when reflexivity confirms direction
Fully parameterized for customization
⚙️ How to Use
This indicator helps traders:
Detect reflexive bursts in market activity driven by sharp price movement + volume spikes
Capture herd-driven directional moves early.
Gauge market pressure using a kinetic-potential energy model.
Suggested signals:
🐋 Reflexive Up: Strong bullish momentum spike confirmed by volume and positive lagrangian pressure
🐻 Reflexive Down: Strong bearish dump confirmed by volume and negative lagrangian burst
🔧 Configuration
MA Lookback Length - Smoothing for baseline price & energy calculation
Reflexivity Momentum Threshold - Price momentum trigger for burst detection
Reflexivity Lookback - Period over which bursts are counted
Reflexivity Window - Minimum burst sum to trigger signal label
Volume Spike Threshold - % above average volume to qualify as burst
📊 Behavior Description
The indicator computes a Lagrangian energy:
Kinetic Energy = (velocity² + 0.5 * acceleration²)
Potential Energy = deviation from moving average (distance²)
Lagrangian = Potential − Kinetic (higher = overextension)
Then, reflexive bursts are triggered when:
Price is rising or falling over short window (burstMvmnt)
Volume is above average by a user-defined multiple
Each bar gets a burst score:
+1 for up-burst
−1 for down-burst
0 otherwise
⚠️ Risk Profile Based on Lookback Settings
Risk Level | Description | Recommended Lookback
🟥 High | Extremely sensitive to bursts, prone to false signals | 7–10
🟨 Moderate | Balanced reflexivity with trend confirmation | 11–20
🟩 Low | Filters out most noise, slower to react | 21+
🧪 Advanced Tips
Combine with moving average slope for trend filtering
Use divergence between adaptiveCMI and price to detect exhaustion
Works well in crypto, commodities, and volatile assets
⚠️ Limitations
Sensitive to high volatility noise if volMult is too low
Designed for higher timeframes (1H, 4H, Daily) for reliability
Doesn’t confirm direction in sideways markets — pair with other filters
📝 Disclaimer
This tool is provided for educational and informational purposes. Always do your own backtesting and use proper risk management.
MacroHeat (Global Macro Growth Proxy)Overview:
MacroHeat by CWRP is a proprietary macroeconomic sentiment indicator that tracks the temperature of global industrial and risk-linked activity using market-based signals. It distills asset movements from metals, foreign exchange, and energy markets into a single, smoothed composite value. This tool is designed to help portfolio managers, traders, and strategists gauge the direction and momentum of real economy growth expectations.
MacroHeat does not predict policy or price action directly—it measures macro risk appetite and industrial growth expectations across three crucial asset pairs:
Copper/Gold Ratio – Industrial Metals vs. Defensive Metal
AUD/JPY Cross – Commodity-sensitive FX vs. Safe-haven FX
Brent/NatGas Ratio – Oil Demand vs. Gas Oversupply
These inputs are transformed into standardized z-scores to generate an intuitive composite signal of expansion, contraction, or neutrality in the global growth regime
Interpretation:
Copper / Gold Ratio
Copper is widely used in construction, manufacturing, and infrastructure. It responds to real-world industrial activity.
Gold is a traditional safe-haven asset, bid up in times of uncertainty or deflationary pressure. A rising Copper/Gold ratio implies higher industrial activity relative to defensive hedging, consistent with expansionary conditions.
AUD / JPY
AUD (Australian Dollar) is closely tied to the commodity cycle and heavily exposed to Chinese demand, especially for raw materials like iron ore and coal. JPY (Japanese Yen) is a low yielding, defensive currency that tends to strengthen during global stress due to Japan’s net external creditor position. A rising AUD/JPY indicates risk on sentiment and strength in Chinese or regional industrial demand. Falling values may signal risk aversion or cooling commodity linked activity.
📌 *Note: AUD is a proxy for China linked global demand. JPY reflects broader global risk sentiment, not the Japanese economy per se.
Brent / NatGas Ratio
Brent crude prices reflect global oil demand, typically linked to transportation, logistics, and industrial usage. Natural Gas, though also industrial, is often supply heavy and regionally priced. A high Brent/NatGas ratio can indicate tight oil supply or strong demand, relative to gas, suggesting higher economic activity.
------------------------------------------------------------------------------------------------------------
Each of the above components is converted into a Z-score using log returns over a 252-day rolling window. This standardizes movement and allows for cross-market comparison. The indicator then:
Averages the Z-scores of the three components (>1 is expansive, <-1 is contractive)
Smooths the result using a 5-day simple moving average
Classifies the result into macroeconomic regimes
And outputs to the table which has live component Z-scores with visual cues (yellow = expansionary; blue = contractionary).
Thank you for using the Global Macro Growth Proxy by CWRP!
I'm open to all critiques and discussion around macroeconomics and hope you find use in this model!
COT-Extreme ZonesThis indicator visualizes Commitment of Traders (COT) data for Commercials, Non-Commercials, and Retail Traders using net positions.
It highlights extreme positioning zones with colored background boxes:
🔴 Red for extremely short positions and
🟢 Green for extremely long positions,
based on configurable thresholds.
Ideal for swing traders and sentiment-based strategies.
Includes:
– Stepline plots for clean separation
– Fixed opacity zones for clear visual alerts
– Minimalistic labels (one per line)
– Weekly resolution (auto-synced to symbol)
🎯 Use this to identify sentiment extremes that may lead to turning points.
Simple 5 Moving Averages 5 MAs - Shubhashish DixitEnjoy the 5 Moving Average to Support your analysis deeper
TFPS - TradFi Pressure ScoreThe Data-Driven Answer to a New Market Reality.
This indicator quantifies the pressure exerted by Wall Street on the crypto market across four critical dimensions: Risk Appetite, Fear, Liquidity Flows, and the Opportunity Cost of Capital. Our research has found that the correlation between this 4-dimensional pressure vector and crypto price action reaches peak values of 0.87. This is your decisive macro edge, delivered in real-time.
The Irreversible Transformation
A fundamental analysis of the last five years of market data proves an irreversible transformation: The crypto market has matured into a high-beta risk asset, its fate now inextricably linked to Traditional Finance (TradFi).
The empirical data is clear:
Bitcoin increasingly behaves like a leveraged version of the S&P 500.
The correlation to major stock indices is statistically significant and persistent.
The "digital gold" narrative is refuted by the data; the correlation to gold is virtually non-existent.
This means standard technical indicators are no longer sufficient. Tools like RSI or MACD are blind to the powerful, external macro context that now dominates price action. They see the effect, but not the cause.
The Solution: A 4-Dimensional Macro-Lens
The TradFi Pressure Score (TFPS) is the answer. It is an institutional-grade dashboard that aggregates the four most dominant external forces into a single, actionable score:
S&P 500 (SPY): The Pulse of Risk Appetite. A rising S&P signals a "risk-on" environment, fueling capital flows into crypto.
VIX: The Market's Fear Gauge. A rising VIX signals a "risk-off" flight to safety, draining liquidity from crypto.
DXY (US-Dollar Index): The Anchor of Global Liquidity. A strong Dollar (rising DXY) tightens financial conditions, creating powerful headwinds for risk assets like Bitcoin.
US 10Y Yield: The Opportunity Cost of Capital. Rising yields make risk-free assets more attractive, pulling capital away from non-yielding assets like crypto.
What makes the TFPS truly unique?
1. Dynamic Weighting (The Secret Weapon):
Which macro factor matters most right now? Is it a surging Dollar or a collapsing stock market? The TFPS answers this automatically. It continuously analyzes the correlation of all four components to your chosen asset (e.g., Bitcoin) and adjusts their influence in real-time. The dashboard shows you the exact live weights, ensuring you are always focused on the factor that is currently driving the market.
2. Adaptive Engine:
The forces driving a 15-minute chart are different from those driving a daily chart. The TFPS engine automatically recalibrates its internal lookback periods to your chosen timeframe. This ensures the score is always optimally relevant, whether you are a day trader or a swing trader.
3. Designed for Actionable Insights
The Pressure Line: The indicator's core output. Is its value > 0 (tailwind) or < 0 (headwind)? This provides an instant, unambiguous read on the macro environment for your trade.
The Z-Score (The Contrarian Signal): The background "Stress Cloud" and the discrete dots provide early warnings of extreme macro greed or fear. Readings above +2 or below -2 have historically pinpointed moments of market exhaustion that often precede major trend reversals.
Lead/Lag Status: Gain a critical edge by knowing who is in the driver's seat. The dashboard tells you if TradFi is leading the price action or if crypto is moving independently, allowing you to validate your trade thesis against the dominant market force.
This is a public indicator with protected source code
Access is now available for traders who understand the new market reality at the intersection of crypto and traditional finance.
You are among the first to leverage what is a new standard for macro analysis in crypto trading. Your feedback is highly valued as I continue to refine this tool.
Follow for updates and trade with the full context!
Phantom RSI TableMulti-Timeframe RSI Dashboard
This indicator provides traders with a comprehensive view of RSI (Relative Strength Index) conditions across multiple timeframes simultaneously, eliminating the need to manually switch between different chart intervals to analyze market momentum.
What It Does:
The dashboard displays RSI values, market status (Overbought/Oversold/Neutral), and volume trends for four key timeframes (1-hour, 4-hour, daily, and weekly) in a clean, easy-to-read table overlay on your chart. This multi-timeframe approach gives you both short-term and long-term market perspective at a glance.
Why It's Useful for All Traders:
Day Traders can spot when shorter timeframes align with longer-term trends, providing higher-probability entry and exit points.
Swing Traders benefit from seeing confluence between daily and weekly RSI levels, helping identify optimal position timing.
Position Traders can monitor long-term momentum while staying aware of shorter-term fluctuations that might affect their holdings.
Risk Management is enhanced by seeing divergences between timeframes - when short-term RSI shows overbought conditions while longer timeframes remain neutral, it may signal caution.
Alert System:
The indicator automatically monitors all timeframes and sends instant notifications when RSI crosses into overbought (≥70) or oversold (≤30) territory on any timeframe. You'll receive alerts that include:
Which specific timeframe triggered the alert
The exact RSI value
Current volume condition
A comprehensive summary when multiple timeframes trigger simultaneously
This means you never miss important RSI signals across any timeframe, allowing you to react quickly to changing market conditions even when you're away from your charts. The alerts help you catch potential reversal points and momentum shifts before they become obvious to other market participants.
TFPS - TradFi-Pressure-Score (Adaptive)The data-driven answer to an irreversible market reality.
This indicator quantifies the combined pressure from the S&P 500, VIX, DXY, and US10Y, whose correlation to crypto has reached peak values of 0.87. Your decisive macro edge, in real-time.
This indicator is built on a fundamental analysis of market data from the last five years. The analysis proves an irreversible transformation: The crypto market has evolved into a high-beta risk asset, its fate inextricably linked to Traditional Finance (TradFi).
The empirical data is clear:
Bitcoin increasingly behaves like a leveraged version of the S&P 500.
The correlation to stock indices, with peak values of up to 0.87, is statistically highly significant.
The "digital gold" safe-haven narrative is refuted by the data; the correlation to gold (0.04) is virtually non-existent and statistically insignificant.
This means: Standard indicators like RSI or MACD are insufficient for today's market conditions. They only see price, ignoring the powerful external context that now dominates price action.
The TradFi Pressure Score (TFPS) is the answer to this data-driven reality. It's your institutional-grade macro dashboard, aggregating the four most dominant external forces into a single, actionable score:
S&P 500 (SPY): The pulse of global risk appetite. A rising S&P signals a "risk-on" environment, fueling capital flows into crypto.
VIX: The market's "Fear Gauge". A rising VIX signals a "risk-off" flight to safety, draining liquidity from crypto.
DXY (US-Dollar Index): The counter-pole to risk assets. A strong Dollar (rising DXY) tightens global liquidity, creating significant headwinds for Bitcoin.
US 10Y Yield: The opportunity cost of capital. Rising yields make risk-free assets more attractive, pulling capital away from non-yielding assets like crypto.
What makes TFPS truly unique?
Dynamic Weighting (its secret weapon): Which factor matters most today? The DXY or the VIX? TFPS continuously analyzes the correlation of all four factors to your chosen asset (e.g., Bitcoin) and automatically adjusts their weight in real-time. This ensures you're always focused on what's currently driving the market.
Adaptive Engine : What drives a 15-minute chart is different from a daily chart. The TFPS engine automatically adapts its lookback periods and calculations to your chosen timeframe for optimal relevance.
Clear, Actionable Signals Designed for Traders:
Pressure Line (>0 or <0): Instantly see if the world's largest financial forces are providing a tailwind or a headwind for your trade.
Z-Score (Extreme Readings) : Get early warnings of extreme macro "Greed" or "Fear". Readings above +2 or below -2 have historically pinpointed moments of market exhaustion that often precede major trend reversals.
Regime Change : A fundamental shift in the nature of TradFi pressure is visualized with a clear signal, providing unambiguous macro insights.
Lead/Lag Status : Gain a critical edge by knowing who's in the driver's seat. The dashboard tells you if TradFi is LEADING the price action or if crypto is moving independently, allowing you to focus on the right information source.
This is a private beta. I am granting exclusive access to a limited number of traders who understand this new market reality. In exchange for your valuable feedback, you will be among the first to leverage what I believe is the new standard for macro analysis in crypto trading.
Request access to trade with the full context.
📉 % Drop from 52WH & ATH (Color Coded)This indicator displays the percentage drop of the current price from:
🔹 52-week high (approx. 1 year)
🔹 All-time high (ATH)
Each value is color-coded to reflect market positioning and risk level:
✅ Green: Drop less than 25% (low drawdown, relatively strong)
⚠️ Yellow: Drop between 25%–35% (moderate drawdown)
🔴 Red: Drop more than 35% (deep drawdown, potentially oversold)
The values appear in a compact info box at the top-right of the chart and work on any timeframe and asset, including stocks, crypto, indices, etc.
This tool is ideal for:
📉 Spotting deep corrections
🟢 Identifying strong relative performers
📊 Managing entry/exit based on risk zones
FMX Trend Confirmation - No Reversals🔍 FMX Continuation Signal – No Reversals
Powered by the FMX Model (Fundamentals Meet Execution)
This indicator is designed to capture high-probability continuation trades only, avoiding risky reversals. It confirms buy or sell signals based on:
✅ 15-Minute Structure Shift Confirmation
✅ Liquidity Sweeps (stop hunts beyond recent highs/lows)
✅ Trend Validation using HTF SMA (default: 15min)
✅ Second Candle Close inside the sweep range — FMX-grade precision
📈 Green “Buy” labels appear when:
Liquidity is swept below recent lows
Price closes back inside the range
The higher timeframe trend is bullish
📉 Orange “Sell” labels appear when:
Liquidity is swept above recent highs
Price closes back inside the range
The higher timeframe trend is bearish
🛡️ No reversal signals are plotted. This tool is meant for traders who follow the trend with smart money logic, inspired by FMX principles.
Bitcoin PERP/SPOT Sentiment Index# Bitcoin PERP/SPOT Sentiment Index
A comprehensive Pine Script indicator that measures market sentiment by analyzing the premium/discount between Bitcoin perpetual futures and spot prices across multiple cryptocurrency exchanges.
## 📊 Overview
The Bitcoin PERP/SPOT Sentiment Index provides traders with deep insights into market psychology and risk appetite in the cryptocurrency ecosystem. By calculating the price difference (premium/discount) between perpetual futures contracts and spot prices, it reveals how traders are positioned and their sentiment toward Bitcoin's price direction.
**Key Insight**: The premium between PERP and SPOT prices is a powerful sentiment indicator that reflects trader positioning, risk appetite, and market psychology - data that influences but is separate from actual exchange funding rates.
## 🎯 Core Functionality
### Premium Calculation Methodology
The indicator calculates market sentiment using the following approach:
1. **Multi-Exchange Data Collection**: Fetches real-time prices from major exchanges for both perpetual futures (PERP) and spot markets
2. **TWAP Calculation**: Computes time-weighted average prices for both market types to reduce noise
3. **Premium Analysis**: Calculates the percentage difference between PERP and SPOT prices
4. **Sentiment Smoothing**: Applies time-weighted smoothing for stable sentiment readings
**Formula**: `Premium = (PERP_TWAP / SPOT_TWAP - 1) × 100`
### Market Sentiment Insights
**Positive Premium (PERP > SPOT) = Risk-On Sentiment**
- Traders prefer leveraged long positions via perpetuals
- High risk appetite and bullish expectations
- Willingness to pay premium for leverage access
- Often coincides with FOMO and greed phases
**Negative Premium (PERP < SPOT) = Risk-Off Sentiment**
- Traders prefer spot holdings or short perpetuals
- Fear-driven behavior and bearish expectations
- Spot premium indicates institutional accumulation
- Often coincides with capitulation and fear phases
### Exchange Coverage
**Perpetual Futures (17 markets)**:
- Bitmex (USD, USDT)
- Binance (USDT, USD)
- Bitget (USD, USDT, USDC)
- Bybit (USDT, USD)
- Phemex (USD, USDT)
- Huobi, Kraken, OKX (USD, USDT)
- Deribit, BingX
**Spot Markets (12 markets)**:
- Bitstamp, Binance, Coinbase
- Phemex, Huobi, Kraken, OKX
- Kucoin (USDT, USDC)
- Bitget (USDT, USDC)
- BTC Index
## 🎛️ Exchange Selection Modes
### 1. "Most Relevant Exchanges" (Default) ⭐
**Why this selection provides the best sentiment analysis:**
This preset focuses on exchanges that most accurately reflect true market sentiment by prioritizing:
#### **Institutional & Retail Balance**
- **Diverse User Base**: Includes exchanges serving both institutional (Coinbase, Kraken) and retail (Binance, Bybit) traders
- **Geographic Diversity**: Balances Western and Asian markets for global sentiment representation
- **Regulatory Clarity**: Focuses on exchanges with clear regulatory standing
#### **High-Quality Sentiment Data**
- **Deep Liquidity**: Ensures price movements reflect genuine sentiment, not thin book effects
- **Price Discovery Leaders**: These exchanges set market direction and sentiment trends
- **Reduced Manipulation**: Larger exchanges are less susceptible to artificial price manipulation
#### **Trading Behavior Insights**
- **Leverage Preferences**: Captures where traders actually choose to take leveraged positions
- **Risk Appetite Signals**: Reflects real money sentiment from major market participants
- **Arbitrage Efficiency**: Premium differences here represent actionable sentiment signals
**Included Exchanges**:
- **PERP**: Bitmex (USD/USDT), Binance (USDT/USD), Bybit (USDT/USD)
- **SPOT**: Bitstamp, Binance, Coinbase, Kraken, Kucoin, Bitget (USDT/USDC)
### 2. "All Exchange Data"
- Maximum market coverage for comprehensive sentiment analysis
- Includes smaller exchanges that may reflect niche trading behaviors
- Best for research and identifying sentiment divergences across market segments
### 3. "Excl. OKX and Huobi"
- Focuses on Western and international exchanges
- Useful for analyzing sentiment outside specific jurisdictions
- Maintains broad coverage while addressing regional concerns
### 4. "Individual: Select Below"
- Custom sentiment analysis for specific exchange combinations
- Perfect for testing regional sentiment differences
- Allows focus on specific trader demographics or market segments
## ⚙️ Configuration Options
### Core Settings
- **TWAP Interval**: Time period for price averaging
- **Premium Calculation Interval**: Data fetching frequency for sentiment updates
- **Percentage Rate Timeframe**: Multiplier for annualizing premium rates (e.g., 365 for annual rate)
### Sentiment Analysis Controls
- **Cut High Values**: Filters extreme sentiment spikes (>0.1%, >0.2%, >0.5%, >1.2%)
- **Enable Data Validation**: Automatically filters invalid price data for accurate sentiment
- **Minimum Exchanges Required**: Ensures reliable sentiment calculation (default: 3)
### Advanced Features
- **Sentiment Boost**: Adds realistic trading costs to better reflect actual sentiment impact
- **Moving Average Options**: SMA, WMA, EMA, RMA smoothing for trend analysis
- **Real-time Validation**: Prevents calculation with insufficient data
## 📈 Sentiment Interpretation Guide
### Positive Premium (Blue Bars) - Risk-On Sentiment
- **0-0.1%**: Neutral to slightly bullish sentiment
- **0.1-0.3%**: Moderate bullish sentiment, increasing risk appetite
- **0.3-0.5%**: Strong bullish sentiment, high leverage demand
- **>0.5%**: Extreme greed, potential contrarian signal
**Trading Psychology**: Traders are eager to pay premium for leveraged long exposure, indicating confidence and risk-taking behavior.
### Negative Premium (Red Bars) - Risk-Off Sentiment
- **0 to -0.1%**: Neutral to slightly bearish sentiment
- **-0.1% to -0.3%**: Moderate bearish sentiment, risk reduction
- **-0.3% to -0.5%**: Strong bearish sentiment, fear-driven behavior
- **<-0.5%**: Extreme fear, potential capitulation, contrarian opportunity
**Trading Psychology**: Traders prefer spot holdings or short positions, indicating caution and defensive positioning.
## 🧠 Sentiment Analysis Applications
### 1. **Market Psychology Assessment**
- Gauge overall trader confidence and risk appetite
- Identify shifts from greed to fear (and vice versa)
- Spot emotional extremes that often precede reversals
### 2. **Contrarian Trading Signals**
- Extreme positive premium (>0.5%) = potential sell signal (overconfidence)
- Extreme negative premium (<-0.5%) = potential buy signal (oversold sentiment)
- Divergences between price and sentiment for early reversal detection
### 3. **Risk Management**
- High premium = reduce position size (crowded long trades)
- Low/negative premium = potential opportunity for contrarian positions
- Sentiment trend analysis for position timing
### 4. **Market Timing**
- Premium expansion = momentum continuation likely
- Premium contraction = potential trend exhaustion
- Zero-line crosses = sentiment regime changes
### 5. **Institutional vs Retail Behavior**
- Sustained negative premium often indicates institutional accumulation
- Extreme positive premium suggests retail FOMO and leverage excess
## 🔧 Technical Implementation
### Anti-Repainting Protection
```pine
securemodule(data, intervall, source) =>
request.security(data, intervall, source , lookahead=barmerge.lookahead_on)
```
### Data Quality & Sentiment Accuracy
- Price bounds checking (1,000 - 200,000 USD) for realistic data
- Invalid data filtering to prevent sentiment distortion
- Minimum exchange count requirements for reliable sentiment readings
- Outlier detection to filter manipulation attempts
### Performance Optimizations
- Array-based exchange management for efficiency
- Efficient TWAP calculations for real-time sentiment updates
- Modular configuration system for easy customization
- Reduced redundant calculations for faster processing
## 🚀 Key Features (v1.0)
- **Bitcoin PERP/SPOT Sentiment Index**: First public release focused on sentiment analysis
- **Multi-Exchange Aggregation**: Combines data from 17 PERP and 12 SPOT markets
- **Advanced Data Validation**: Robust outlier filtering and data quality controls
- **Configurable Exchange Presets**: Optimized selections for different analysis needs
- **Real-Time Sentiment Analysis**: Live premium calculations with anti-repainting protection
## ⚠️ Important Distinctions
**What This Indicator Measures:**
- ✅ PERP/SPOT price premium (sentiment indicator)
- ✅ Market psychology and risk appetite
- ✅ Trader positioning preferences
- ✅ Leverage demand vs spot preference
**What This Indicator Does NOT Measure:**
- ❌ Actual exchange funding rates (these come from exchange APIs)
- ❌ Real funding costs paid by traders
- ❌ Exact arbitrage profitability
- ❌ Future price direction (sentiment can be wrong)
**Relationship to Funding Rates:**
The premium calculated by this indicator influences actual funding rates, but funding rates also include exchange-specific factors like funding intervals, rate caps, and internal calculations. This premium serves as a leading sentiment indicator that helps predict funding rate direction.
## 💡 Advanced Sentiment Strategies
1. **Sentiment Divergence**: Watch for premium direction differing from price movement
2. **Regime Change Detection**: Monitor sustained shifts in premium sign (+ to - or vice versa)
3. **Volatility Prediction**: Extreme premiums often precede high volatility periods
4. **Correlation Analysis**: Compare with VIX, Fear & Greed Index, and on-chain metrics
5. **Multi-Timeframe Sentiment**: Use different timeframes to identify sentiment trends vs noise
BTC Perp-Spot PremiumBTC Perp‑Spot Premium w/ EMA Cross
This indicator measures the premium or discount between BTC spot prices and perpetual futures across major exchanges. It visualizes real-time sentiment in the derivatives market and identifies potential inflection points by comparing the behavior of spot traders (real demand) and perp traders (speculative positioning).
What It Does
Calculates the premium spread
Shows the percentage difference between perp and spot prices as a color-coded histogram. Blue bars indicate perps trading above spot (aggressive longs), while red bars suggest perps below spot (risk-off or bearish positioning).
7-exchange composite data feed
Uses a robust average of six perpetual futures sources and seven spot market sources across Binance, Bybit, OKX, Coinbase, Bitfinex, Kraken, and Bitstamp for a balanced and high-fidelity view.
EMA crossover signals
Includes a customizable EMA and MA of the premium. Crossovers are visualized with subtle circle markers to signal sentiment shifts—blue for EMA crossing above, red for crossing below.
Zero baseline
A horizontal line at zero makes it easy to identify when perps flip from premium to discount territory and vice versa.
Dynamic stats table
Displays live values for the perp average, spot average, and premium % in a neatly formatted corner table.
Why It's Useful
This tool helps traders:
Monitor market sentiment and speculative aggression
Spot inefficiencies between derivatives and spot markets
Identify early reversal or continuation signals
Track potential liquidation zones or trend exhaustion
Confirm breakouts with perp/spot alignment
Whether you're trading short-term momentum or watching for mean-reverting setups, this premium analysis tool brings deeper context to BTC price action directly on your chart.
Rishabh Jackpot Zones + Open Line narendra📌 Narendra Jackpot Zones + Open Line — by Narendra
This custom indicator is designed to identify key Support and Resistance Zones based on pivot highs/lows, and highlight the Spot Day Open Price — offering traders clear intraday decision-making references.
🔍 Features:
🔸 Dynamic Support and Resistance Zones from pivot structures
🔸 Customizable Spot Open Line for trend bias identification
🔸 Auto-cleaning of old lines for better chart visibility
🔸 Flexible label sizing to suit your chart aesthetics
⚙️ Inputs:
Spot_Day_Open_Price: Manually input today's spot price
Pivot Lookback: Sensitivity of pivot detection
Zone Line Length: Control horizontal zone visibility
Max Lines: Limit visual clutter by setting maximum zones
Label Size: Choose between Small, Normal, Large, Huge
💼 Use Cases:
Intraday and positional traders for reversal & breakout points
Visual clarity for trend continuation vs rejection
Works across all instruments and timeframes
⚠️ Disclaimer: This is an educational tool. Use it with your trading plan and risk management. Not a buy/sell recommendation.
