CryptoGraffer

Universal Longs Vs. Shorts - Ratio (Any Symbol)

Hello again all my Trading View friends!

This script is a variation of my other script "Universal Longs Vs. Shorts - Percentage (Any Symbol)"

It allows you to choose ANY symbol and plot the ratio against ANY other symbol, as an indicator on your given pair. It is primarily used as an indicator of longs/shorts as well as shorts/longs as a ratio to each other.

For example, you could plot BITFINEX:BTCUSDLONGS against BITFINEX:BTCUSDSHORTS.

It plots the ratio of longs/shorts or shorts/longs. For example:
  • If there are more longs than shorts open, the long ratio will be great than 1 with no upper limit.
  • If there are less longs than shorts open, the ratio will be less than 1 but greater than 0.

The same is true when comparing shorts to longs. You can choose to view Longs Ratio only, Shorts Ratio only, or Both.

This is useful to see how many more longs there are than shorts, and visa versa, at any given time interval. It does not take into consideration total volume of longs + shorts to get an absolute number, but rather a relative ratio to each other.

If there are many more positions open in one direction over the other, the ratio will rise higher and higher away from 1, which lets you know generally that there is a lot greater volume of that position open compared to its reverse.

If you found this script helpful please remember to FOLLOW and press LIKE!!

More useful scripts to come :-D
Gỡ bỏ khỏi Script Ưa thích Thêm vào Script Ưa thích
If you would like the same script plotted as a PERCENTAGE (instead of a Ratio), see my other script "Universal Longs Vs. Shorts - Percentage (Any Symbol)"
Phản hồi
Trang chủ Bộ lọc cổ phiếu Bộ lọc Forex Bộ lọc Tiền điện tử Lịch kinh tế Cách thức hoạt động Tính năng Biểu đồ Giá Quy tắc Áp dụng Người điều hành Giải pháp cho Website & Nhà môi giới Widget Giải pháp biểu đồ Nhận trợ giúp Yêu cầu tính năng Blog & Tin tức Câu hỏi thường gặp Wiki Twitter
Hồ sơ Tùy chỉnh Hồ sơ Tài khoản và Thanh toán Nhận trợ giúp Các ý tưởng đã đăng Người theo dõi Đang theo dõi Tin nhắn riêng Trò chuyện Đăng xuất