I have spent a lot of time lately going into systematic/quant trading (shouting racial slurs on various LLMs until they spit out the code I want). I probably won't share much of it, but I made this indicator for myself as sort of a spot buying guide. It looks at historical extremes of open interest and basis to generate buy and sell signals (sell signals are much more rare to generate because of the settings, so this is more meant to be used just as a long-only strategy). It is supposed to be used on a weekly timeframe. You can probably use it on a daily timeframe for daytrading/scalping signals, but I haven't tested that. Also, it needs to be used on Binance perp charts, and it will only work on BTC and other large market caps that have long trading history, and both Binance spot and perp markets.

there is no paywall I love you