This script plots the longs/shorts ratio derived from Bitfinex for BTCUSDLONGS, BTCUSDSHORTS, and similar for 11 top cryptocurrencies chosen selected based on marketcap, trading volume on Bitfinex, and the maximum number of times that TradingView would let me call the "security" function in one script. Included coins:
In addition to just plotting the ratios for the individual coins, this script also calculates for a customizable selection of the 11 coins both the average ratio and a weighted average weighted by (USD price of coin * sum of long and short positions).
I wrote it both to use both for a big picture overview of leveraged positions across major coins and to use as a Swiss army knife of longs/shorts ratio indicators for individual coins, most of which do not currently have individual scripts published.
I'm an amateur and you definitely shouldn't take anything I say or use any of my scripts as financial advice. I'd appreciate any feedback.