FuturesVsSpot — Indicator by CGS

Btc futures vs spot indicator

Made by thedudebtc

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

Disclaimer

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//Futures vs Spot

 
study(title = "FuturesVsSpot", shorttitle = "FuturesVsSpot")
 

ok3m = security("OKCOIN:BTCUSD3M",period, close)
ok2w = security("OKCOIN:BTCUSD2W",period, close)
ok1w =security("OKCOIN:BTCUSD1W",period, close)
stamp = security("BITSTAMP:BTCUSD",period,close)
usdcnh = security("FX_IDC:USDCNY",period,close)
btccny = security("OKCOIN:BTCCNY",period,close)
finex = security("BITFINEX:BTCUSD",period,close)

cny2usd = btccny/usdcnh

avg = (stamp+finex)/2
diff = ok1w-avg
diff2 = ok3m-avg
diff4 = ok2w-avg
diff3 = cny2usd-avg
 
col = diff<0 ? red : diff>0 ? green : gray
col2 = diff2<0 ? red : diff2>0 ? green : gray
 
hline(0,title="0")
plot(diff2, style=area,linewidth=1,color=aqua,transp=15)
plot(diff4, style=area,linewidth=1,color=yellow,transp=10)
plot(diff, style=area,linewidth=1,color=orange,transp=40)

plot(diff3, style=line, linewidth=2, color=white)