Since the drop in March of 2020, the U.S. ETF , SPY, has been correlated with bitcoin's moves, especially during the NY session.
This tool is meant to help traders who want to take advantage of that without having to switch the secondary series between BTCUSD and (generally) SPY when changing the ticker they are viewing.
How this works:
The indicator will...
Deribit Bitcoin index, with hl2 as mid price substitute, as it tracks price more accurately than close alone.
Bitfinex excluded as Deribit has been doing so for a while now.
