OPEN-SOURCE SCRIPT
Biddles OIWAP-Price Spread
This indicator is the companion to my OIWAP (Open Interested-Weighted Average price) open source indicator.
In observing the OIWAP, what seemed most interesting was the distance between price and OIWAP.
This indicator plots that spread in a histogram.
It seems when price is too high above all OIWAPs, it's locally overbought (sentiment is overly bullish), and vice versa when it's too far below all OIWAPs (sentiment is overly bearish).
But I think there are more unique observations to be made beyond that - I am still in discovery phase myself.
For example: Looking at the SPX while using the ticker override to display BINANCE:BTCUSDT.P OI-Price spread data.
It works on any asset that Tradingview has OI data for. But it's also interesting to view correlated assets by using ticker override in the indicator settings (open the correlated asset w/o OI data in your chart, then set ticker override to a symbol with OI data, like the SPX example above).
>> If you find any interesting observations using it, have suggestions for improving the script, etc., hit me up on Twitter!
>>> @thalamu_
In observing the OIWAP, what seemed most interesting was the distance between price and OIWAP.
This indicator plots that spread in a histogram.
It seems when price is too high above all OIWAPs, it's locally overbought (sentiment is overly bullish), and vice versa when it's too far below all OIWAPs (sentiment is overly bearish).
But I think there are more unique observations to be made beyond that - I am still in discovery phase myself.
For example: Looking at the SPX while using the ticker override to display BINANCE:BTCUSDT.P OI-Price spread data.
It works on any asset that Tradingview has OI data for. But it's also interesting to view correlated assets by using ticker override in the indicator settings (open the correlated asset w/o OI data in your chart, then set ticker override to a symbol with OI data, like the SPX example above).
>> If you find any interesting observations using it, have suggestions for improving the script, etc., hit me up on Twitter!
>>> @thalamu_
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オープンソーススクリプト
TradingViewの精神に則り、この作者はスクリプトのソースコードを公開しているので、その内容を理解し検証することができます。作者に感謝です！無料でお使いいただけますが、このコードを投稿に再利用する際にはハウスルールに従うものとします。
免責事項
これらの情報および投稿は、TradingViewが提供または保証する金融、投資、取引、またはその他の種類のアドバイスや推奨を意図したものではなく、またそのようなものでもありません。詳しくは利用規約をご覧ください。