OPEN-SOURCE SCRIPT
Crypto Leverage Ratio [Market Cap / Open Interest in %]
This indicator calculates what percentage of market cap data corresponds to open interest data.
Leverage Ratio = 1/(Market Cap / 100 * Open Interest)
Market Cap data comes from TradingView -> CRYPTOCAP:YOURCOINSYMBOL
Open Interest data comes from IntoTheBlock -> INTOTHEBLOCK:YOURCOINSYMBOL_PERPETUALOPENINTEREST
IntoTheBlock refresh perpetual data at the end of the day. It means there is no intraday data.
It can only be used in Daily or higher time intervals.
This indicator and any other indicator can not precisely calculate real leverage ratio except exchanges itself. This calculation is just based on assumption.
You can see the exact same result by just adding:
1/(CRYPTOCAP:BTC/100*INTOTHEBLOCK:BTC_PERPETUALOPENINTEREST)
to your symbol search, if your chart is a BTC chart.
"
The Futures Open Interest Leverage Ratio is calculated by dividing the market open contract value, by the market cap of the asset (presented as %). This returns an estimate of the degree of leverage that exists relative to market size as a gauge for whether derivatives markets are a source of deleveraging risk.
High Values indicate that futures market open interest is large relative to the market size. This increases the risk of a short/long squeeze, deleveraging event, or liquidation cascade.
Low Values indicate that futures market open interest is small relative to the market size. This is generally coincident with a lower risk of derivative led forced buying/selling and volatility.
Deleveraging Events such as short/long squeezes, or liquidation cascades can be identified by rapid declines in OI relative to market cap, and vertical drops in the metric.
-glassnode
"
says glassnode. I think it is more than that. Especially with MAs.
Leverage Ratio = 1/(Market Cap / 100 * Open Interest)
Market Cap data comes from TradingView -> CRYPTOCAP:YOURCOINSYMBOL
Open Interest data comes from IntoTheBlock -> INTOTHEBLOCK:YOURCOINSYMBOL_PERPETUALOPENINTEREST
IntoTheBlock refresh perpetual data at the end of the day. It means there is no intraday data.
It can only be used in Daily or higher time intervals.
This indicator and any other indicator can not precisely calculate real leverage ratio except exchanges itself. This calculation is just based on assumption.
You can see the exact same result by just adding:
1/(CRYPTOCAP:BTC/100*INTOTHEBLOCK:BTC_PERPETUALOPENINTEREST)
to your symbol search, if your chart is a BTC chart.
"
The Futures Open Interest Leverage Ratio is calculated by dividing the market open contract value, by the market cap of the asset (presented as %). This returns an estimate of the degree of leverage that exists relative to market size as a gauge for whether derivatives markets are a source of deleveraging risk.
High Values indicate that futures market open interest is large relative to the market size. This increases the risk of a short/long squeeze, deleveraging event, or liquidation cascade.
Low Values indicate that futures market open interest is small relative to the market size. This is generally coincident with a lower risk of derivative led forced buying/selling and volatility.
Deleveraging Events such as short/long squeezes, or liquidation cascades can be identified by rapid declines in OI relative to market cap, and vertical drops in the metric.
-glassnode
"
says glassnode. I think it is more than that. Especially with MAs.
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開源腳本
秉持TradingView一貫精神，這個腳本的創作者將其設為開源，以便交易者檢視並驗證其功能。向作者致敬！您可以免費使用此腳本，但請注意，重新發佈代碼需遵守我們的社群規範。
免責聲明
這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。