creationlayer

Bitcoin Index vs. Futures OKCoin Weekly

212 1 31
Simple adaptation to lastbattles script to add calculation for index price: calculation can be seen here: https://www.okcoin.com/future/market.do?symbol=2

I recommend setting it to columns, and setting price at 0, 0 to see divergence of sell/buy.
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// Futures Fomo - Tradingview.com
// Update of @lastbattle script to account for OKCoin futures index scheme
study(title="Bitcoin Index vs. Futures OKCoin Weekly", shorttitle="Futures Price Difference")

// Inputs from user
notifyRed = input(0, title="Sell warning")  // when difference is > x
notifyGreen = input(0, title="Buy warning") // when difference is > x
timePerod = input(-1, title="Time period [-1 = go by chart]", minval=1)

// Security
futures = security("OKCOIN:BTCUSD1W", period, close)
spot1 = security("BITFINEX:BTCUSD", period, close) 
spot2 = security("OKCOIN:BTCUSD", period, close)
spot3 = security("OKCOIN:BTCCNY / FX:USDCNH", period, close)
spot4 = security("HUOBI:BTCCNY / FX:USDCNH", period, close)
spot5 = security("BTCCHINA:BTCCNY / FX:USDCNH", period, close)
spot6 = security("BITSTAMP:BTCUSD", period, close)
spot = (spot1+spot2+spot3+spot4+spot5+spot6) / 6

// Functions
isNotifyRed(difference) => difference > notifyRed
isNotifyGreen(difference) => difference < notifyGreen

// Val
difference = nz(nz(futures[0]) - nz(spot[0]))

// Plots
plot(difference, style=line,  linewidth=1, color=isNotifyRed(difference) ? red : isNotifyGreen(difference) ? green : black)
I realize the indicator is based upon a rolling average of CNY price, but I do not know the exact methodology to implement this in the script any help is appreciated.
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