PROTECTED SOURCE SCRIPT

Bitfinex Sentiment Oscillator

Updated
This indicator takes the current symbol (ex. BITFINEX:NEOUSD), looks for long and short positions in Bitfinex and displays an oscillator between -100 and +100.

The oscillator represents the dominance between long and short positions where -100 means 100% short dominance, 0 means that the number of positions is even (50%/50% dominance) and +100 means 100% long dominance.

In this example, during November's NEO Flash Crash, the oscillator displayed 98.1022 % of long dominance, which basically means that everyone who had a leveraged position was stacked in a domino which eventually resulted in massive liquidations and the dreaded flash crash.

This indicator is meant to be combined with the Bitfinex Sentiment Volume indicator in order to get the full picture of margin positions.
Release Notes
In the previous version the scale was locked to the range -100 to 100, but it made difficult to read the oscillator so I removed the lock.
Release Notes
Changed the example graphic back to NEO's flash crash at Nov 2017.
Release Notes
Removed the duplicate indicator from the example graphic.
bitfinexCentered Oscillatorsmarginmargintradingsentiment

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This script is published closed-source and you may privately use it freely.

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