🟪Bitcoin Funding Candles and Bitcoin Funding Indicator

Trader's use Funding Rates and Funding Candles to get an idea of when Whales favor Leveraged Bitcoin to push bullish trends to their extremes. For those that prefer video tutorials:.

Developed by requests and input from our traders. This tool utilizes funding data directly from the Rainbow Funding Tool and converts it into a visual representation of candle colors that reflect the current bias of the Whales. In bull trends, whales pay a premium for leveraged positions. In a bear market, whales pay premiums for spot positions. This tool takes this data (differences between Spot Prices vs Perpetual Prices) and displays it in a way that allows any trader to identify the hidden Perp vs Spot bias of the Whales.

Bullish /Leveraged Funding Scale:

• Dark Blue -> Blue -> Light Blue -> White

Bearish /Spot Funding Scale:

• Dark Red -> Red -> Orange -> Yellow

How To Use The Tools - Tuning and Settings

In order to make the Bitcoin Funding Candles display properly, you must first bring them forward like you would do for the Main Indicator:

The next settings that can be adjusted are the following:

For the Funding Candles, the Traders has the option to toggle between Binance, Deribit and Bybit data:

The Trader can also adjust the color sensativity of the Funding Candles by adjusting the Smoothness Adjuster:

Lastly, the actual colors of the Funding Candles can be edited by accessing the Style Tab in the Settings menu and changing the colors to your preference:

An example of editing the Funding Candle colors to a different RGB:

The Bitcoin Funding Indicator works along the same lines as the Bitcoin Funding Candles, but it displays the data in a fashion more in line with how Traders use RSI:

It has settings similar as well:

Premium Sensitivity - Adjusts how easily the data can be printed in the Y axis

Premium Smoother - Adjusts the smoothening of the raw data (this data is very erratic raw)

Exchange Toggles - This allows the Traders to display the particular exchange that they prefer

Line Colors - The color settings for each plotted line can be adjusted in the Style Page of the settings menu.

If you are still having issues or have questions, please feel free to reach out to us at [e-mail] or message us in the Rainbow Trends Discord.