Thread With Useful TradingView Tickers
Thread by @cryptorae
Will add tickers and some interpretations over time. See below for how to use the tickers.
Japanese Premium (%): BITFLYER:BTCJPY*JPYUSD/BITFINEX:BTCUSD-1
Korean Premium (%): BITHUMB:BTCKRW*KRWUSD/BITFINEX:BTCUSD-1
Tether Premium (%): USDTUSD-1
BitMEX Premium (%): BITMEX:XBTUSD/BITFINEX:BTCUSD-1
To change % premia to $ premia, change ‘/’ to ‘-’ and delete ‘-1’.
Characteristics:
- Mean reverting
- Interestingly, the premia are highly correlated
- Excesses indicate an imbalance of fear or exuberance
- Good as a sentiment indicator (risk on/risk off)
Volume weighted BTC composite:
(BITFINEX:BTCUSD*53+BINANCE:BTCUSDT*41+COINBASE:BTCUSD*17+BITSTAMP:BTCUSD*15+KRAKEN:XBTUSD*4)/130
Use this for Bitcoin
TradingView Tip (Volume):
@tradingview charts, by default, merge the volume indicator with the price chart.
Pros:
- It saves space on your screen
Cons:
- Volume is immeasurable
- Volume can only be compared on a relative basis
Example:
Take a look at the @coinbase chart vs the @bitfinex chart. You’d have no idea that, on an absolute basis, Bitfinex’s volume is 5x that of Coinbase’s (trailing 120d).
Fix:
Right click the volume bar in TradingView and click on “unmerge down”.
Voila, you’ve now produced a chart that properly quantifies volume.
This is a simple trick that is both underused and underrated. You should put volume in a separate pane by default.
Observing volume is important because it gives informs you of the market dynamics that are at play. (I’ll elaborate on another day.)
On most exchanges, BTCUSD volume is BTC-denominated. There are some exceptions.
- KRAKEN:XBTUSD — BTC-denominated
- BITMEX:XBTUSD — BTC-denom.
- OKCOIN:BTCUSD3M — USD-denom. (multiply by 100)
- CME:BTC — BTC-denom. (multiply by 5)
- CBOE:XBT — BTC denom. (no multiplier)
