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H/T @AureliusBTC and @cryptom173 for tweaks and assistance
Added three more setups:
- Correlation oscillator
- Percent change for the two sets of ("retail" and "nonretail"), independent of each other
The correlation oscillator shows that inverse/lowering correlation can result in price increasing, acting as if oversold; the same can be said when correlation increases.
"Raw" is the tickers without changing anything about them.
Percent change is the % difference from the current bar and bar.
Color coded the columns based on percent levels; <15%/<25%/<35%/<39%/<55%/>55%. <46% created too much noise for an indicator. 36% - 38.99% is red to alert possible trend changes in the ratio.
(Overly) summarized use of the original script:
The bars up -> Common fiat onramp exchanges have good that signal an influx of new investors
The bars down -> The majority of is on big boy exchanges where retail/new investors aren't likely to be trading
General script cleanup
Removed the percent/raw volume changes
USD denominated exchanges have had their formula changed from volume / close to volume / hlc3
Added bitFlyer futures exchange as nonretail option for theory
Added toggle for color changes; using raw values to derive information vs. local momentum seems to be a mistake and can cause confusio
Both recently updated :)
The original author has updated it here for the time being: