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COIN DIFF RATIO

6 min · DYOR Education

FreeCOIN · Order book

Goal

Break down COIN DIFF RATIO — comparing the order book skew far from price with the skew close to it.

COIN DIFF RATIO on BTC/USDT: far-depth skew minus near-depth skew

What it shows

Compares the order book skew far from price with the skew close to it.

Computes bid ÷ ask at the farthest depth, 60% (MAX), and at the nearest, 1.5% (MIN).
Applies an operation to them. Default — the difference: MAX − MIN.
Above zero — far out there are relatively more bids than near price.
One line, colored by sign.

Two depths, each with its own ratio, an operation between them. Near price the book is more balanced than far out.

What it's for

Find out where the money sits: right at price or far from it. One line instead of seven RATIO lines.

For example.

bid ÷ ask at 60% depth = 1.5. At 1.5% depth = 0.7. Difference = +0.8.
Across the whole band up to 60% there are more bids. Right next to price there are more asks.
Read it like this: buyers are waiting for a lower price, sellers stand right at price.
A negative value is the opposite: demand at price, supply far out.

Where to find it

Indicators›COIN›Order book›COIN DIFF RATIO

Settings

Field	Options	Default	What it changes
Market Type	SPOT FUTURES	SPOT	Whose order book to count: Binance spot or futures market. - Want the orders of those who buy the coin itself — SPOT. - Want the orders of those who trade with leverage — FUTURES. On Coinbase and Hyperliquid the switch has no effect: Coinbase is spot only, Hyperliquid is futures only, the value is set by the exchange automatically.
Operation Type	MAX − MIN MAX ÷ MIN MIN ÷ MAX MIN − MAX	MAX − MIN	How to compare the two ratios: subtract or divide, and in which order. - Want a signed difference — MAX − MIN or MIN − MAX. - Want how many times — MAX ÷ MIN or MIN ÷ MAX.
BTC Pairs	ALL USDT ONLY	ALL	Works only on Binance and only for BTC. ALL — the sum of three pairs: BTCUSDT + BTCUSDC + BTCFDUSD. USDT ONLY — the BTCUSDT pair only. For other Binance coins the data is always for the USDT pair; the parameter changes nothing. No effect on Coinbase and Hyperliquid: bitcoin has a single pair there — BTC/USD and BTC/USDC. - Want all of Binance bitcoin — ALL. - Want to compare with a source that counts only BTCUSDT — USDT ONLY.
Exchange	Chart Binance Coinbase Hyperliquid	Chart	Which exchange to take data from: Chart — the same one as the chart. Binance — spot and futures, USDT pairs. Coinbase — spot only, USD pairs. Hyperliquid — perpetual futures only, USDC pairs. Coinbase and Hyperliquid are available on paid plans (“Exchanges” screen). They have candles, trades and the order book. Derivatives, liquidations and loans show “no data” for them. - Want to compare one coin across exchanges — add the indicator several times and pick a different exchange in each.

In alerts

Metric COIN DIFF RATIO. Condition fields:

CoinMarket TypeBTC pairsTimeframeDiff Ratio Operation

“BTC pairs” appears only when the coin is BTC.

TOTAL

TOTAL DIFF RATIO — the same thing summed over the whole market. Adds the Total Type field.

Try it yourself

Turn on COIN DIFF RATIO with the default operation MAX − MIN.
Find a stretch where the line went above zero, and open COIN RATIO at 1.5% and 60% at the same spot.

What you should get. Above zero — relatively more bids far out than at price. You checked it against two RATIO depths.

Done+10 points

Takeaway

DIFF RATIO takes bid ÷ ask at 60% depth and at 1.5%. By default it subtracts the second from the first. Above zero — relatively more bids far out than at price. The depths are fixed; only the operation is configurable.

Quick check

Which two depths does COIN DIFF RATIO compare?

The ones selected in Style
3% and 5%
60% and 1.5%

Show answer

Correct answer: 60% and 1.5%

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