This is excellent but are you including all bids/offers? The far out of the money orders (more than +/- 10% from current price) should be irrelevant for the purpose of gauging short term sentiment. Try excluding them if possible.
Edit: I see it's reading actual trades not bid/ask orders. Could you make another view with near the money bid/ask ratio also?
That would definitely be an improvement... Coding a little bit again today. I'll take this into consideration.
Maybe you could also add the amounts being bought vs the amounts in BTC being sold every 1 minute, 5 minutes and so on?
I don't really get what you mean. Could you give an example? To me it seems not to be relevant what btc value is traded but only the altcoin amounts.
These numbers are in the currency of the altcoin right? For every 1 altcoin bought, 164 gets sold, ...
That's correct, very simple.