Provides traders with the positioning of existing participants.
Net Longs
Net Shorts
The indicator can be used to spot large positions occuring, e.g. large long positions, and how they can influence the market such as long positions opening towards a swing high can be seen, price moving away from said positions can lead to longs being squeezed when moving away.
The use can show when trend is strong, e.g. long positions opening in can be viewed as larger players getting involved in what is potentially an uptrend. The alternative use for playing against the market can be to consider opening longs when other long traders have been stopped out/short positions are opening freshly in the attempt to play to their liquidations.
I like it.. but I noticed If I add two instances and select No scale for both.. they still only occupy the upper or lower window.. maybe other version does not do this?? thankyou for sharing..
musialtrading
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Is this the same thing as Net longs/shorts on Exocharts? How accurate is it, thought Tradingview doesn't provide such data?
cdhamilton
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Are the values in the scale accurate values? They seem to be different values than Exo charts Net Position for the same symbol and exchange.
spacemanbtc
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@cdhamilton, They are estimated based on binance OI data
maybe other version does not do this?? thankyou for sharing..