INVITE-ONLY SCRIPT
已更新 Aggregated Futures Basis
CONCEPT
An indicator that shows you the futures basis, which is the premium that classic futures contracts are trading at compared to the spot market.
By default its settings are for bitcoin quarterly contracts (closest expiration date), although there's a lot of customizing possible.
You could also use this indicator for other coins but then you'll have to change the inputs.
I'll manually update the contracts when they get close to expiration, but you could do this yourself as well (just in case I disappear for some reason and don't update it anymore).
For more info on what the futures basis is exactly check out this short educational post (click chart):
FEATURES
As previously mentioned, the default settings are for bitcoin.
The index used is the Bitmex BXBT index. It's a dynamic and volume weighted spot index which is perfect to get an average price of the spot market.
If you want to look at the ethereum futures basis for example then I suggest using the BETH Bitmex index, same concept as the BXBT chart but for ETH.
The futures used are quarterly contracts of the most prominent exchanges in crypto.
There's also an option to add an average plot (or only show the average: use the selection box) which calculates the average premium of all the futures contracts selected (you can also choose to exclude certain contracts).
The standard settings show you the premium in percentage terms, but there's also an options to show the annualized premium.
If I don't update the indicator when the contracts expire you'll have to fill in the tickers of the next quarterlies and you'll also have to change the expiration date to make sure this annualized premium still works.
There's a "zero line" you can add which is useful for when the futures get close to backwardation.
And you can set up bullish and bearish signals of your choosing. By default it shows a bull signal when the premium goes below zero and a bear signal when the premium goes above 10 (if you put it on annualized you'll want to change this threshold).
TRADING
The futures basis can be very useful to gauge market sentiment.
It can give you a better idea of how aggressive market participants are by looking at how much the futures are going up or down relatively to spot.
Divergences also often have an impact.
If you want access to this indicator send me a private message so we can discuss it.
Cheers.
An indicator that shows you the futures basis, which is the premium that classic futures contracts are trading at compared to the spot market.
By default its settings are for bitcoin quarterly contracts (closest expiration date), although there's a lot of customizing possible.
You could also use this indicator for other coins but then you'll have to change the inputs.
I'll manually update the contracts when they get close to expiration, but you could do this yourself as well (just in case I disappear for some reason and don't update it anymore).
For more info on what the futures basis is exactly check out this short educational post (click chart):
FEATURES
As previously mentioned, the default settings are for bitcoin.
The index used is the Bitmex BXBT index. It's a dynamic and volume weighted spot index which is perfect to get an average price of the spot market.
If you want to look at the ethereum futures basis for example then I suggest using the BETH Bitmex index, same concept as the BXBT chart but for ETH.
The futures used are quarterly contracts of the most prominent exchanges in crypto.
There's also an option to add an average plot (or only show the average: use the selection box) which calculates the average premium of all the futures contracts selected (you can also choose to exclude certain contracts).
The standard settings show you the premium in percentage terms, but there's also an options to show the annualized premium.
If I don't update the indicator when the contracts expire you'll have to fill in the tickers of the next quarterlies and you'll also have to change the expiration date to make sure this annualized premium still works.
There's a "zero line" you can add which is useful for when the futures get close to backwardation.
And you can set up bullish and bearish signals of your choosing. By default it shows a bull signal when the premium goes below zero and a bear signal when the premium goes above 10 (if you put it on annualized you'll want to change this threshold).
TRADING
The futures basis can be very useful to gauge market sentiment.
It can give you a better idea of how aggressive market participants are by looking at how much the futures are going up or down relatively to spot.
Divergences also often have an impact.
If you want access to this indicator send me a private message so we can discuss it.
Cheers.
發行說明
- Added Bybit futures contract.
- Changed display mode to a percentage.
發行說明
Changed the default index to the Coinbase BTC/USD market because the BXBT spot index which I previously used sometimes had issues with the data feed which messed up the data. But you can still change this yourself if you want to.I got rid of the annualized percent calculation because no one cares about that anyway and it's a pain in the ass to update every time.
Most importantly I updated all the default futures contracts to December, the next quarterly expiration because September is almost over and we're not going to see any interesting changes anymore in the September futs basis.
發行說明
Sorry I promised to update the futures tickers, but I'm a bit late.The indicator still worked though, you can always change the tickers in the settings yourself.
Anyway, the default futures are now March 2022 which is the first upcoming quarterly expiration which I'm personally also looking at.
I also changed some of the titles in the settings a bit. Small change.
發行說明
Updated so it uses the next quarterly futures (June).發行說明
Updated the tickers.June futures are close to expiring, they don't show any useful info anymore.
Default futures are now the next quarterlies which are for September.
I also changed the default bitcoin spot index.
It used to only look at Coinbase, but the default index is now an average price of Coinbase(USD), Bitstamp(USD), Binance(USDT) and FTX(USDT).
You can still change this in the settings if you want, just like you can still change the futures tickers.
Everything is customizable, but I update everything manually as well because I know that most of you like that.
發行說明
Updated the futures to the next quarterlies (December).Also removed the "signals" to make the indi more efficient, hope you don't mind.
發行說明
FTX shut down so I removed FTX data.發行說明
Updated with the new contracts.發行說明
Small change to the spot index so that it more accurately reflects the index that the exchanges use.發行說明
OKX changed their tickers, so I updated it.發行說明
I had accidently picked the wrong ticker. Now it's 100% correct.發行說明
I don't think anyone wants to manually adjust the tickers so I made everything automatic.I'll just manually update the contracts ever quarter for you.
You also can simply select BTC or ETH in the settings.
發行說明
Updated the new contracts.發行說明
Updated the contracts.發行說明
I've added the option to annualize the data.發行說明
Updated the contracts.發行說明
I've updated the contracts.發行說明
There was a glitch with the annualisation, and people don't really use that feature anyway it seems so I removed it to prevent the indicator from bugging out. The indicator should load a little faster now too.發行說明
Updated contracts.發行說明
Updated the contracts.發行說明
Updated contracts.僅限邀請腳本
只有經作者授權的使用者才能訪問此腳本，且通常需付費。您可以將此腳本加入收藏，但需先向作者申請並獲得許可後才能使用 — 點擊此處了解更多。如需更多詳情，請依照作者說明或直接聯繫ByzantiumScripts。
除非您完全信任其作者並了解腳本的工作原理，否則TradingView不建議您付費或使用腳本。您也可以在我們的社群腳本中找到免費的開源替代方案。
作者的說明
Contact me on TheByzantineGeneral@gmail.com for access.
提醒：在請求訪問權限之前，請閱讀僅限邀請腳本指南。
Send me a private message for access to my invite only indicators.
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。
僅限邀請腳本
只有經作者授權的使用者才能訪問此腳本，且通常需付費。您可以將此腳本加入收藏，但需先向作者申請並獲得許可後才能使用 — 點擊此處了解更多。如需更多詳情，請依照作者說明或直接聯繫ByzantiumScripts。
除非您完全信任其作者並了解腳本的工作原理，否則TradingView不建議您付費或使用腳本。您也可以在我們的社群腳本中找到免費的開源替代方案。
作者的說明
Contact me on TheByzantineGeneral@gmail.com for access.
提醒：在請求訪問權限之前，請閱讀僅限邀請腳本指南。
Send me a private message for access to my invite only indicators.
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。