Arbitrage
Arbitrage v1.0
This is a simple tool to indicate arbitrage opportunities between TWO markets. Base currency must be the same for both markets. Arbitrage signal and minimum market spread uses percentage, base currency or both. Spread input accepts increments as small as 0.00000001. Works best with smaller time frames.
I will develop this further if enough people show an interest.
This is a simple tool to indicate arbitrage opportunities between TWO markets. Base currency must be the same for both markets. Arbitrage signal and minimum market spread uses percentage, base currency or both. Spread input accepts increments as small as 0.00000001. Works best with smaller time frames.
I will develop this further if enough people show an interest.
// This is a simple tool to indicate arbitrage opportunities between two markets.
// Base currency must be the same for both markets.
// Arbitrage signal and minimum market spread uses percentage, base currency or both.
// Spread input accepts increments as small as 0.00000001. Works best with smaller time frames.
study(title="Arbitrage", shorttitle="Arb1.0", overlay=false)
spread = input(10,step=0.00000001,title="Spread $")
spreadpct = input(5,step=0.00000001,title="Spread %")/100
sym1 = input("BTCUSDT",title= "Symbol 1")
sym2 = input("COINBASE:BTCUSD",title= "Symbol 2")
source = close
sym11 = sym1, res11 = period
sym22 = sym2, res22 = period
s1 = security(sym11, res11, source)
s2 = security(sym22, res22, source)
sym33 = s2-s1
aaa=(s2/s1)-1
bbb = aaa*100
plot(sym33, color=sym33>0?green:red, linewidth=2,style = columns,title="$",transp=60)
plot(bbb, color=bbb>0?teal:orange, linewidth=2,style = columns,title="%",transp=100)
bgcolor(abs(sym33)>=spread?purple : na, transp=40,title = "Spread $")
bgcolor(aaa>=spreadpct?yellow : na, transp=100,title = "Spread %",transp=100)