This indicator allows you to get notified with alerts when the BTC funding rate is above certain threshold.
It's been tested ONLY in the one hour timeframe.
It also offers an EMA filter which uses the 4H EMA length 9 to filter out times when the funding rate pops during a price correction as we don't want to get notified when the correction is already half way completed: we only want signals when BTC is "still running hot".
I'm planning to use these signals to stop aggressive bots as normally high funding rates are associated with large bitcoin corrections.
It's been tested ONLY in the one hour timeframe.
It also offers an EMA filter which uses the 4H EMA length 9 to filter out times when the funding rate pops during a price correction as we don't want to get notified when the correction is already half way completed: we only want signals when BTC is "still running hot".
I'm planning to use these signals to stop aggressive bots as normally high funding rates are associated with large bitcoin corrections.
Release Notes:
tweaks for look and accuracy
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www.thetradingparrot.com
www.thetradingparrot.com