FTX Index Advance Decline Line

BINANCE:ADAUSD^0.0266*BITTREX:BCHUSDT^0.0936*BINANCE:BTCUSDT^0.3152*BINANCE:EOSUSD^0.0613*BINANCE:ETHUSD^0.3152*BINANCE:LTCUSD^0.0353*BINANCE:TRXUSD^0.0169*BINANCE:XRPUSD^0.135915

ADAUSD^0.0266*BCHUSDT^0.0936*BTCUSDT^0.3152*EOSUSD^0.0613*ETHUSD^0.3152*LTCUSD^0.0353*TRXUSD^0.0169*XRPUSD^0.1359Binance

Opis

⋅ 29 lut 2020 09:55

As of publishing, all the tickers from FTX with the word "index" in it, plus bitcoin.

This is your regular ADL except instead of hundreds in the basket you've got them condensed into 7 (for now) and in open/close candle form instead of a line.

I'm a bit disappointed because I thought I'd lever more utility from indexes. It may just need some tweaking.

Doesn't it look like Renko?

Some notes:

Reason why it expands:

Total number of constituents is a static 7, to fix that use time to change the total variable based on dates of introduction.

Reallly looks like Renko:

Renko with ATR, length 14, hourly chart.

Komentarze

ICEKI

⋅ 1 mar 2020 22:46

Yes, it really look like a renko, the baby sizing renko =3

Thanks for your work and appreciated your generous shared =D

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