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So what exactly is this stuff? and how can you set it up yourself for free?
But first, a real-time example from 15th September when we shorted $ATOM at $15.22
Open interest (OI) is simply the number of open derivatives contracts on a particular asset.
For me, it shows that there has been a lot of activity in $ATOM, which is now vulnerable.
3. "spot is selling i.e. blue line, perps are buying i.e. red line"
CVD is a trend indicator. It shows the size in which spot has been bought/sold, and the
same for perpetual buying/selling. The divergence between the two is often telling as perps
tend to be more speculative.
and our exit for a quick +$8.5k a few hours later at $14.65
So to get this up and running first head to coinalyze.net > Futures Data > Coins
In this example, I'll choose $ETH
on Binance.
Now you're on this TradingView chart again, but the Indicators Tab will have a whole bunch
of indicators that are only available on @coinalyzetool
- Volume
- Aggregated Open Interest STABLECOIN-margined
- Aggregated CVD Spot
- Aggregated CVD Futs. STABLECOIN-margined
- Predicted Funding Rate
- Aggregated Liquidations STABLECOIN-margined
You should end up with something like this.
If you press the little settings/gear symbol, you can customise the "Style" of each indicator
to get it looking how you want
A quick note on funding.. green means longs PAY funding to be long perps (everyone doing
the same thing), and negative funding means that longs are getting PAID funding to be long
(demand for shorts is high).
Now I'm not going to spell out how to use each of these as a lot of this comes from
experience and has to be used in conjunction with other context-specific things like Macro,
event risk, what's happening on the higher time frame chart etc.
This data is most useful on LTF like the 5 min or 15 minute when planning an exit or entry.
In general, look for signs of froth in OI, crowded funding positioning, spot deviating from
what perps are doing, and a relatively quiet period of liquidations (calm before a storm?)
You'll notice these charts disappear and you'll have to set it all up again if you close the tab
you're on. I have a premium account and I think it's worth it. But by now y'all know I ain't
the kinda guy to shill a ref link so figure out if it's worth it for you.
Peace ✌️
Miei dubbi: