George1Crypto

Premium Index TheHunt

The indicator is used to see the difference in price between spot and futures prices. If future price is higher than spot in a rally, the rally isn't backed by real buys (spot) but by dumb perp longs which CAN be bearish . If spot price is higher than futures in a rally, the upside is backed by real money (spot) which is bullish .

The indicator allows you to pick a spot pair to compare it with the future exchanges you want. You can select which future exchange pairs to compare with by ticking them in the settings.

As you can see here on the chart during this last rally the index is high in the green which means the rally is backed by futures and spot ain't really following. This could be a sign of exhaustion.

Release Notes: Use the link below to obtain access to this indicator.
Invite-only script

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 George1Crypto for more information, or follow the author's instructions below.

TradingView does not suggest paying for a script and using it until you 100% trust its author and understand how the script works. In many cases you can find a good open-source alternative for free in our Public Library.

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Warning: please read before requesting access.

Personal website: https://www.george1trader.com/

Comments

Hello, George! May I take it for a spin, please?
Reply
HI George, thank you for this useful indicator :) I would appreciate access to use it please .
Thanks
Reply
I want to try this indicator, what should I do?
Reply
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