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.

Release Notes

Initial script was broken, should work again.

Invite-only script

Only users approved by the author can access this script. You'll need to request and get permission to use it. This is typically granted after payment. For more details, follow the author's instructions below or contact George1Crypto directly.

TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.

Author's instructions

initial script was broken due to huobi not working. Updated now.

Warning: please read our guide for invite-only scripts before requesting access.

George1Crypto

Also on:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.