When the parameter "Display" is the default value "Deviation", this deviation is expressed in%. Therefore, is always drawn as "0.00".
is calculated using the BTCUSD prices and volumes of the following exchanges.
These exchanges are the ones BitMEX refers to when indexing (excluding ITBIT).
Therefore, shows a price close to ".BXBT" of BitMEX.
However, while BitMEX has a fixed weight, of this indicator calculates the for each , so it will be closer to the actual value.
When there is a big movement in the short term, it is easy to be swayed.
If you set the parameter "Display" to "Deviation_SMA", it will calculate the of the deviation rate, so it will be hard to be swayed.
Set the desired "Length".
If you want to know the actual value of , set the parameter "Display" to "Price" and the actual BTCUSD prices will be displayed.
* Warning: This indicator also shows BitMEX and Bitfinex, but these two exchanges are not included in the calculation. be careful.