Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX
Description
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This script is a volume counter that stratifies volume by size (USD): 10K, 1M, 2.5M, 5M, and +10M, and assigns a +1 or -1 value depending on the value of the closing price relative to the opening price. It is intended to be used for Bitmex swaps (XBTUSD and ETHUSD). Following the direction the block trades can provide a competitive edge with respect to your trades.
Figure 1: Notice a drop in the +10M counter prior to the drop in XBTUSD price (area plot; yellow)
Figure 2: Bottoms in the +10M counter forecasted rallies in XBTUSD
Looks good. Getting very different outcome on different TF. Is it made for a specific timeframe ?
raaajesh
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@simpelyfe, Can you give me an access? Thanks in advance.
ICEKI
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That a really cool stuff, but I would like to wonder is that only able to use on cryptocurrency only? If that can also use on forex that will be great =D