RSI BitfinexRSI applied to BTC longs/shorts ratio on Bitfinex. You can use the oscillator as you'd use RSI:
- Divergences
- Oversold/overbought signals
- R/S on the indicator
- Trend indication
- etc
Bitfinexbtc
Taint's Crypto Longs v. Shorts
Taint's Longs v. Shorts
This indicator displays the relationship of longs to shorts across futures markets. The default settings are set to Bitfinex BTCUSD Longs and Shorts. You can change these to the markets of your choosing. It's best to leave the averaging to the default settings. Also, if you turn the price lines on for the first two plots, you can see the current number longs or shorts in relation to historical levels.
Middle Signals:
Longs are greater than Shorts = center area green and above zero
Shorts are greater than Longs = center area is red and below zero
These flips are highlighted with orange bars as well
Outer Signals:
The ribbon at the top of the longs and shorts area is used to judge sentiment.
Green Longs and Green Shorts = strong bullish sentiment
Red Longs and Red Shorts = strong bearish sentiment
Green Longs and Red shorts = bullish sentiment could weakening
Red Longs and Green shorts = bearish sentiment could be weakening
You can change the averaging from the defaults (7, 30) if you wish.
