I made a "BTCUSD" version of this in the past, but many people also want to see “BTCUSDT”, so I made this indicator.
When the parameter "Display" is "Basis", this deviation is expressed in%. Therefore, is always drawn as "0.00%".
is calculated using the BTCUSDT prices and volumes of the following exchanges.
These exchanges are the ones Binance refers to when indexing.
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 "Basis_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 BTCUSDT prices will be displayed.
Warning: This indicator also shows BTCUSDTPERP , but these pairs are not included in the calculation. be careful.