This is an indicator that shows the ratio of spot price and "FX" price of bitFlyer, a Japanese cryptocurrency exchange.
"FXBTCJPY" is a special product and does not strictly work with spot price.
Because of the extremely "peculiar" price, it often deviates from the spot price.
This is an indicator to confirm it.
This script shows the divergence between BTC futures price and BTC actuals price of bitFlyer FX and BitMEX in percentage.
Usually, when people bought it or sold it too much on futures , the divergence between actuals and futures are getting expanding.
I believe this is really useful to find when the conversion of the trend...
Hi guys, I am Calendar.
My first customized indicator is SFD difference in Bitflyer
Bitflyer exchange charges penalties to long postion if difference between FXBTC/JPY and BTC/JPY is more than 5, 10, 15, 20%
So, it is selling signal when the difference is higher than 5, 10, 15, 20%
Plz check “setting” -> “Scales” -> “Indicator Last Value”