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.
Changed the length of "Basis_SMA" to 10 in defval.
This is not used in the VWAP formula.
These are not included in the VWAP calculation.
These are paired with JPY, but this indicator takes the USDJPY price and shows it in dollars.
This allows you to visualize the comparison between VWAP and Japanese exchange prices.
****** Caution! ******
"bitFlyerFX" is a very specific derivative product in a bad way.
This product has a very weak mechanism for correcting deviations from spot, and the mechanism does not work until the difference from spot exceeds ±5%.
Therefore, it is usually strongly recommended to hide it.
However, I have added this indicator because it is a strong indicator of Japanese speculative fervor.
2) Carefully selected currency pairs for initial display. This is because it would be confusing if too many pairs were initially displayed.
By default, this indicator shows four Bitcoin perpetual futures ( BITMEX:XBTUSD , BYBIT:BTCUSD , BINANCE:BTCUSDTPERP converted to USD, and FTX:BTCPERP ), one spot ( COINBASE:BTCUSD ), and the volume weighted average price (VWAP) of the spot.
The VWAP always shows 0%.
See how far the perpetual futures deviate from VWAP to help you guess the market's fears and desires.