OPEN-SOURCE SCRIPT

Sumner-Parker Indicator (Over/Under Priced BTC or ETH)

1 865
This is to be used when trading between ETH/GBP, BTC/GBP and ETH/BTC .
It compares ETH/GBP and BTC/GBP with each other to determine if the ETH/BTC price matches.

From it you can predetermine whether the value of the asset you are watching is overpriced or underpriced and therefore predict the candle to follow.

When watching ETH:
If the value is high, the value of BTC is too high and ETH should raise to match in the next bar and vice versa.

When watching BTC:
If the value is high, the value of BTC is too high and should drop on the next bar and vice versa.

The Upper and Lowers are set at double the percentage fees on the exchange you use. This just helps in recognising beneficial trades.

면책사항

이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.