It is a sentiment indicator. It uses data from Bitfinex longs chart and shorts chart. When ratio line going up it simply means most of the people from Bitfinex buying BTC when it goes down selling. So in this way we know bull and bear presure But it is only one exchange? Yes, but it is enough accurate for BTC, for ETH it is not so good.
How it works: With request security function was called the closes of longs and shorts charts and then with simple calculation was extracted a ratio of it and rescaled to make it easy to read. When ratio line moves up it gradualy changing background from -1 to 1 from red to green and vice versa to understad what is a trend or a majore sentiment of people After ratio was ploted, I created a smoothed ratio line with sma to extract signals from it buy and sell in a form of green and red circles.
진정한 TradingView 정신에 따라, 이 스크립트의 저자는 트레이더들이 이해하고 검증할 수 있도록 오픈 소스로 공개했습니다. 저자에게 박수를 보냅니다! 이 코드는 무료로 사용할 수 있지만, 출판물에서 이 코드를 재사용하는 것은 하우스 룰에 의해 관리됩니다. 님은 즐겨찾기로 이 스크립트를 차트에서 쓸 수 있습니다.