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This version works only for bitcoin (the older script works for BTC and ETH) and a bunch of code has been trimmed down.
The purpose of this is to make the indicator a lot faster.
When I published the old one I noticed that it always took a long time to load which is incredibly frustrating to me.
I guess I propped too much stuff in one indicator.
So that's why I'm basically cutting it up into two, more code efficient pieces, but it does the same thing.
People who have access to the old indicator will also get access to this one.
Here's a list of contracts that I used to make the perps and spot indices.
These will be updated if needed (in case an exchange loses relevancy for example).
- Binance USDT margin
- Binance coin margin
- Bybit USDT margin
- Bybit coin margin
- FTX perp
- Coinbase USD
- Bitfinex USD
- FTX USD
- Binance USDT
Removed the smoothing option because it's redundant, everything that makes the indi load faster is good.
I also made some changes to the index weighting so that more actively traded markets have a bigger impact on the basis calculation.
I adjusted all the indices and calculations so that it more accurately reflects the official index premiums that the exchanges use.
I also added an option to look at individual exchange premiums, but by default it'll show the global average premium.
I also inverted the colours because it made more sense that positive values are green I thought.
Access to this script is restricted to users authorized by the author and usually requires payment. You can add it to your favorites, but you will only be able to use it after requesting permission and obtaining it from its author. Contact ByzantiumScripts for more information, or follow the author's instructions below.
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Send me a private message if you want access.
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