OPEN-SOURCE SCRIPT
Updated Binance Basis Oscillator
Binance Basis Oscillator illustrates the premium or discount between Binance spot vs perps.
This indicates whether speculators (i.e. traders on perps) are paying premium vs spot. If true then speculation is leading, indicating euphoria (at certain levels).
Conversely, spot leading perps (i.e. perps at a discount) shows extreme bearish conditions, where speculation is on the short side. Indicating times of despair.
This indicates whether speculators (i.e. traders on perps) are paying premium vs spot. If true then speculation is leading, indicating euphoria (at certain levels).
Conversely, spot leading perps (i.e. perps at a discount) shows extreme bearish conditions, where speculation is on the short side. Indicating times of despair.
Release Notes
Updated to work on all perps on Binance. Thank you to danteDMan for the code!Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.