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Altcoins

Altcoin Total Average Divergence (YavuzAkbay)The "Average Price and Divergence" indicator is a strong tool built exclusively for cryptocurrency traders who understand the significance of comparing altcoins to Bitcoin (BTC). While traditional research frequently focusses on the value of cryptocurrencies against fiat currencies such as the US dollar, this indicator switches the focus to the value of altcoins against Bitcoin itself, allowing you to detect potential market opportunities and divergences. The indicator allows you to compare the price of an altcoin to Bitcoin (e.g., ETHBTC, SOLBTC), which is critical for determining how well an altcoin performs against the main cryptocurrency. This is especially important for investors who expect Bitcoin's price will continue to rise logarithmically and want to ensure that their altcoin holdings retain or expand in market capitalisation compared to Bitcoin. The indicator computes the average price of the chosen cryptocurrency relative to Bitcoin over the viewable portion of the chart. This average acts as a benchmark, indicating the normal value around which the altcoin's price moves. The primary objective of this indicator is to calculate and plot the divergence, which is the difference between the altcoin's current price relative to Bitcoin and its average value. This divergence can reveal probable overbought or oversold conditions, allowing traders to make better decisions about entry and exit points. The divergence is represented as a histogram, with bars representing the magnitude of the difference between the current and average prices. Positive values indicate that the altcoin is trading above its average value in comparison to Bitcoin, whereas negative values indicate that it is trading below its average. The indicator automatically adjusts to the chart's visible range, ensuring that the average price and divergence are always calculated using the most relevant data. This makes the indicator extremely sensitive to changes in the chart view and market conditions. How to Use: A significant positive divergence may imply that the cryptocurrency is overbought in comparison to Bitcoin and is headed for a correction. A significant negative divergence, on the other hand, may indicate that the cryptocurrency has been oversold and is cheap in comparison to Bitcoin. Tracking how an altcoin's price deviates from its average relative to Bitcoin can provide insights about the market's opinion towards that altcoin. Persistent positive divergence may suggest high market confidence, whilst constant negative divergence may imply a lack of interest or eroding fundamentals. Use divergence data to better time your trades, either by entering when a cryptocurrency is discounted in comparison to its average (negative divergence) or departing when it is overpriced (positive divergence). This allows you to capture value as the price returns to its mean. Ideal For: Cryptocurrency Traders who want to understand how altcoins are performing relative to Bitcoin rather than just against fiat currencies. Long-term Investors looking to ensure their altcoin investments are maintaining or growing their value relative to Bitcoin. Market Analysts interested in identifying potential reversals or continuations in altcoin prices based on divergence from their average value relative to Bitcoin.
Wskaźnik Pine Script™
od YavuzAkbay
1
Altcoin ManagerThe Altcoin Manager is a comprehensive script for identifying the current altcoin narrative by tracking and analyzing of a wide array of altcoins across various blockchain layers and categories, such as DeFi, GameFi, AI, and Meme coins. Ideal for traders looking to get a broad yet detailed view of the altcoin market, covering various sectors and chains. The Key Features: Versatile Asset Tracking: Tracks 40 different cryptocurrencies (as of publishing) across different categories, allowing for a diversified and detailed analysis of the altcoin market. Customizable Assets and Category Analysis: Select 20 of your own coins across 4 different categories such as DeFi, GameFi, AI, and Meme coins as well as specifying their individual chains. Dynamic Layer and Chain Analysis: Includes options to plot and analyze specific blockchain layers and chains such as Ethereum Chain, Solana Chain, BNB Smart Chain, Arbitrum Chain, and Polygon Chain. The script associates various assets with specific blockchains, providing a clearer picture of how different segments of the altcoin market are performing. Cumulative and Per-Candle Change: Switch between viewing the total cumulative change since a set start date or the per-candle change, offering flexibility in analyzing price movements over different timeframes. Denomination Adjustment: Includes a functionality to denominate asset prices in other currencies or crypto such as BTC, allowing for a more tailored financial analysis according to your preference. Moving Averages for Categories and Chains: Calculates and plots moving averages for each category and chain, aiding in the identification of trends over the selected moving average length. How do I use it? This script is not used with any particular chart. Instead, assign it it's own tab and layout. For a clearer analysis, use multiple different panels to track Categories and Chains separately, both Cumulative for a longer term analysis and Per-Candle to find ongoing breakouts and changes in trend. You can either use the pre-selected altcoins to represent the market, or you can select your own. The Layer 1 and Layer 2 are not customizable but consists of 15 popular Layer 1 incl Bitcoin, Ethereum, Solana etc. Layer 2 consists of 5 popular Layer 2.
Wskaźnik Pine Script™
od AlgoRhythmica
Degen Dominator - (Crypto Dominance Tool) - [mutantdog]A fairly simple one this time. Another crypto dominance tool, consider it a sequel to Dominion if you will. Ready to go out-of-the-box with a selection of presets at hand. The premise is straightforward, rather than viewing the various marketcap dominance indexes as their standard percentage values, here we have them represented as basic oscillators. This allows for multiple indexes to be viewed in one pane and gives a decent overview of their relative changes and thus the flow of capital within the overall crypto market. As a general rule-of-thumb, when a plot is above zero then the dominance is climbing, thus capital is likely flowing in that direction. The inverse applies when below zero. When the market is quiet, all will be close to zero. Basic overbought/oversold conditions can also be inferred too. Active as default are: Bitcoin (0range): CRYPTOCAP:BTC.D Ethereum (Blue): CRYPTOCAP:ETH.D Stablecoins (Red): CRYPTOCAP:USDT.D + CRYPTOCAP:USDC.D Altcoins (Green): 100 - (all of the above) These are plotted according to the selected oscillator preset and it's length parameter. The default is set to 'EMA Centre'. An optional RMA(3) smoothing filter is also included and active as default. Each index plot has its own colour and opacity settings available on the main page. Additionally, the following are also available (deactivated as default): Total DeFi : CRYPTOCAP:TOTALDEFI.D Current Symbol : Will try to match corresponding dominance index for the chart symbol if available. Custom Input : Manual text input, will try to match if available. ------------- The included presets determine the oscillator type used, all are fairly simple and easy to interpret: EMA Centre SMA Centre Median Centre Midrange Centre The first 4 are all variations on the same theme, simply calculated as the difference between the actual value and its respective average. EMA is the default and is my personal preference, if you generally favour using an SMA then perhaps that would be your better choice. Like the two MAs, median and midrange are also dependant on the length parameter. Midrange is calculated from the difference between highest and lowest values within the length period, with a little extra smoothing from an RMA(3). Simple Delta Weighted Delta Running Delta Often referred to as momentum, delta is just change over time. 'Simple' is the most basic of these, the difference between the current value and the value (length) bars prior. A more long-winded way of calculating this would be to take the difference between each bar and its previous then average them with an SMA which results in the same value. 'Weighted' adopts that principle but instead uses a WMA, likewise 'Running' is the same but using an RMA. The latter is actually the basis of RSI calculations before any normalisation is applied, as you can see in the next preset. RSI CMO RSI really should not need explaining, it is however applied a little differently here to the usual, in this case centred around 0. The x100 multiplication factor has been dropped too for the sake of consistency. The same principle applies with CMO, which is basically a 'Simple Delta' version of RSI. Hard Floor Soft Floor These last two are a little different but both can provide useful interpretations. The floor here is simply the lowest value within the chosen length period. 'Hard' plots the difference between the current value and the floor, thus giving a value that is always above 0. In this case, focus should be given to the relative heights of each with a simple interpretation that capital is flowing into those that are climbing and out of those descending. 'Soft' is essentially the same except that the floor is smoothed with an RMA(3), the result being that when new lows are made, the plot will break below 0 before the floor corrects a few bars later. This soft break provides additional information to that given by 'Hard' so is probably the more useful of the two. ------------ To finish it off, a bunch of preset alerts are included for the various 0 crossings. So that just about covers everything then, all quite straightforward really. Future updates may include some extra stuff, the composition of the stablecoin index may change if necessary too. While this is not really a tweaker's tool like some of my other projects, there's still some room for experimentation here. The 'current' and 'custom' indexes can provide some useful data for compatible altcoins and the possibility to compare inter-related tokens (eg: Doge vs Shib). While i introduced this as a sort of sequel to Dominion, it is not intended as a replacement but more of a companion. This initially started as a feature intended for that one but it quickly grew into its own thing. Both the oscillator view here and the more traditional view have merits, i personally use this one primarily now but frequently refer to Dominion for confirmations etc. That's it for now anyway. As always, feedback is welcome below. Enjoy!
Wskaźnik Pine Script™
od mutantdog
4
Bitcoin Correlation MapHello everyone, This indicator shows the correlation coefficients of altcoins with bitcoin in a table. What is the correlation coefficient? The correlation coefficient is a value that takes a value between 0 and 1 when a parity makes similar movements with the reference parity, and takes a value between 0 and -1 when it makes opposite movements. In order to obtain more meaningful and real-time results in this indicator, the weighted average of the correlation values of the last 200bar was used. You can change the bar length as you wish. With the correlation value, you can see the parities that have similar movements with bitcoin and integrate them into your strategy. You can change the coin list as you wish, and you can also calculate their correlation with etherium instead of bitcoin . The indicator shows the correlation value of 36 altcoins at the moment. The indicator indicates the color of the correlated parities as green and the color of the inversely correlated parities as red. Cheers
Wskaźnik Pine Script™
od Milvetti
6
TARVIS Labs - Alts Macro Bottom/Top SignalsSCRIPT DESCRIPTION PLEASE READ THROUGH THIS CAREFULLY. This is a script specifically written to help provide indicators from a macro view for ALTS. This script needs to be run on the 1 day. It helps indicate when to accumulate alts, and when its in a bull run when this a bull run top beginning to form with warnings, and a indicator that a top is in. This is described further below. NOTE - in order to accomodate most alts the script had to be broad enough in its indicators to cover many different scenarios. If you are trading a smaller altcoin I suggest taking a more conservative approach to accumulation. FAQs: 1. Why is there no accumulation zone showing up before an uptrend? This could be because the trend has been so strong for this coin that there hasn't been a strong enough signal to accumulate or this could be that the chart doesnt have enough historical data (needs over 2 years) for the indicators to flash green. 2. Why is there no tops shown for a chart Im looking at? This is either because there isn't enough historical data (needs over 2 years) for the indicators to build or because the altcoin didnt perform as well as the rest of the market. The altcoin has to perform as well as the market over the length of the bull run in order for the signals to show. Typically an altcoin that shows sharp increases and sharp drops shortly after will not have signals show up. 3. The "Potential End of Bull Run Top Indicator" showed up but we weren't near the top yet, why is that? The alts indicator has to work across many altcoins, and their trends are not all the same. This can lead to the indicator showing but not necessarily being the exact top. The data from the alts macro bottom/top signals should be paired with the "TARVIS Labs bitcoin macro bottom/top signals" indicator for BTC. The reasoning is because if the top is not showing that its in for Bitcoin its likely that the altcoin's top is also not in. You should use the two in tandem to know if the bull run top is very likely in. ACCUMULATION ZONE INDICATOR - LIGHT GREEN Description When we look at the general crypto landscape, the 200d & 300d EMAs are extremely useful. We can use their cross and momentum in order to determine a bottom forming. If the price has fallen over 40% below the 200 day EMA and the 200 day EMA has crossed below the 300d EMA, its a downtrend with a steep fall, which could indicate a good time to accumulate. When we see the 200 day EMA's slope drop drastically (over 5% w/w) it is also a good signal to accumulate. Strategy for Usage For alts, the strategy can vary drastically. You need to take into account: 1. the market cap of the altcoin, is it a smaller market cap altcoin or a larger one? 2. historical trend, does it typically trend strongly with a smaller accumulation zone? Once you've taken these into account you can form a strategy. For example, if the altcoin has had smaller accumulation zones historically you'll want to take advantage of the accumulation zones when they pop up and be more aggressive (say a 30 day accumulation). If the altcoin has historically had longer accumulation zones then you'll want to be more conservative with your strategy and potentially have a 100 day (or even longer) accumulation period. If the altcoin is a smaller market cap alt, you will want to also take that into account. You'll want to likely be more conservative, STRONG BUY IN ACCUMULATION ZONE INDICATOR - DARK GREEN Description We can add to the bottoming signal by looking for strong downtrends inside the bottoming signal. We do this by seeing when the 36 day EMA has a slope decreasing by 2% day/day. Strategy for Usage These strong downtrend days can be used to add more to our accumulation strategy. We can add more on these days (ex. double what you were planning to on a typical accumulation day). LOCAL TOP NEAR BULL RUN TOP INDICATOR - RED Description When the 100 week EMA is in a strong uptrend (4% increase w/w) we can look for significant loss of momentum in order to determine if a local top is in near a bull run top. This strategy uses a MACD with 9/36/9 config for the daily chart. We look for the signals momentum loss, when the slope becomes negative. Strategy for Usage Ideally the right strategy to use here is to exit the market when this indicator starts. When the indicator ends if the "Potential End of Bull Run Top Indicator" is not showing on the chart you can buy back into the market. POTENTIAL END OF BULL RUN TOP INDICATOR - DARK RED Description When the 100 week EMA is in a strong uptrend (3% increase w/w), and a MACD config of 108/234/9 has a negative signal slope signifying a very large momentum loss, but the 1d 18 EMA is still above the 1d 63 EMA we show this signal. Strategy for Usage This is a strong indicator that the top is in, and it potentially being the bull run top. Because alts can vary strongly in their charts, this should be a strong warning but not necessarily a certainty that the bull run is over.
Wskaźnik Pine Script™
od arrash0x
2
BABI - Binance Altcoin Basis Indicator This indicator works by taking the basis between various altcoin perpetual futures contracts and spot market indexes on Binance, and then smooths out the data with a basic moving average. The result is a useful oscillator that shows potential "buy" and "sell" areas. Simply put, a spot premium is usually bullish and a derivatives premium is usually bearish. Other versions of this indicator only worked for BTC and ETH, so I have extended its functionality to include popular altcoin trading pairs. USDT Trading pairs included in this version: •BTC •ETH •LTC •ICP •SOL •LUNA •GRT •ATOM •ADA •XRP •ETC •AVAX Default setting is BTC. To choose a different oscillator, go to settings and pick your desired crypto. Thanks for looking. I think you could create a pretty basic trading strategy based on this indicator by simply placing buy and sell orders once the oscillator rises or falls below certain thresholds. **Credit to @chestbrook on Twitter and Pinnacle_Investor on TradingView Binance Basis Oscillator ()
Wskaźnik Pine Script™
od Gokubro
2
BTC Dominance TrendThis simple script applies the DMI/ADX (trend) indicator to the Bitcoin Dominance Index (BTC.D) to check whether BTC is increasing its dominance or not on that day. It is meant to be applied to altcoins on medium intervals. I put it together to test the following hypothesis: On days when BTC dominance is on the rise, altcoins are harder to take off, because Bitcoin is draining the lifeblood out of them, so caution is needed when opening trades. Olive background means BTC dominance is rising on that day, purple that it is decreasing. White background means it is not moving significantly in any direction. You can change the resolution (i.e. apply the DMI/ADX to a different BTC.D interval), just make sure to lower the threshold as well. I hope you find a good use for it! Beware if you try to incorporate it in your strategy, it uses higher timeframe data and hence is prone to repainting.
Wskaźnik Pine Script™
od gi9opx
Aggregated Volume Colored (Bitcoin, ETH, Altcoins, everything)BITSTAMP:BTCUSD This indicator aggregates trading volume data of up to 10 symbols and can display the individual data by color. It is useful for assets which are traded on multiple exchanges, like cryptocurrencies, commodities, forex and derivatives showing you what is happening across the market and on the individual exchanges to give you beter insights. You can change the symbols from which the indicator gathers data in the settings under inputs, just like the colors, and you can add a moving average. By default trading volume is aggregated from the following symbols: Binance, BTC /USDT Binance, BTC /BUSD Bingbon, BTC /USD Huobi, BTC /USDT OkeX, BTC /USDT Coinbase, BTC /USD Bitfinex, BTC /USD Gemini, BTC /USD Kraken, XBT/USD Bitstamp, BTC /USD
Wskaźnik Pine Script™
od CantThinkofOne
5
MA Strategy Emperor insiliconotThe Script offers 9 different EMAs with 14 different MA types. The make use of the script is to find the entry on the 1-4 hour altcoins while using the in-built 13/21 crossover strategy to be used in sync with Heikin Ashi cross-over with Fib levels of 0.236 Fib level. How to use it. Entry is to be made when the 1. Cross over gives a P(Positive Sign) and the candle completely closes above the cross-over 2. When the Heikin Ashi turns green and the next green HA candle goes above the previous green HA candle. 3. The price should be at-least above the 0.236 Level from the Swing high. All the Best. EmperorBTC
Wskaźnik Pine Script™
od EmperorBTC
89
Noldo Blockchain Cryptocurrency Indicator Hello, this script has the same logic as Noldo CFTC COT Forex Indicator : And Noldo CFTC COT Commodities Indicator : * Script briefly calculates the period length between two signals of Pivot Reversal Strategy when new signal arrives and allows us to see relative Blockchain data and price changes of Major Cryptocurrencies over that automatic length. This saves us from the hassle and time wasting of searching for a reference point. Usage This script works only on all Bitcoin / U.S Dollar pairs and futures. It only works on 1W graphics. ICOT data are pulled via Quandl NOTE : Since blockchain data is very votalile, 7-day ema values ​​are adjusted to take into account. Regards.
Wskaźnik Pine Script™
od Noldo
6
Altcoins capitalization histogram [peregringlk]This script superseeds "Other altcoins BTC capitalization histogram". The previous versions was a bit confusing in my opinion and lacked some generalization, so I'm now publishing this improved version. It shows 6 pieces of info: - Green columns: BTC price change for that day. - Red bars: Altcoins capitalization change for that day, measured in bitcoins (altcoins_USD_capitalization / BTCUSD) - Green/red background: green if that day the USD capitalization change was a gain, and red if it was a loss. - Green line: accum BTC price change for the selected last days. - Red line: accum altcoin capitalization change measured in BTC for the selected days. - Dotted blue sequence: accum altcoin USD capitalization change for the selected days. The base line of the histogram is 1 instead of 0, because I'm showing the price changes as multipliers (price change rates), so if there have been a +20% market movement, the calculated value will be 1.2, and if there have been a -20% market movement, then the value will be 0.8. 1 means no movement (preserved price/capitalization). Price and capitalization changes will be calculated using candle closes. About the accumulated price changes, it will calculate the accumulated multiplication of the corresponding price change multipliers. For example, if you have set you want 3 days for the accumulation rates, and the last three days saw a -20%, +10% and +15% price/capitalization changes, the current value for the line will be 0.8*1.1*1.15 = 1.0120, or a +1.2% price change respect to the day before yesterday. By default, if you are looking any ALTBTC market (for example, ETHBTC), instead of showing the USD and BTC capitalization of all alts, it will take the BTC and USD prices of the current market (the USD price will be calculated as ALTBTC * BTCUSD; and the BTCUSD price will be taken from BITSTAMP, the one with the longest BTC history I know in tradingview). If you are looking any other markets that is not paired with BTC, then it will take the USD capitalization of all altcoins, and the BTC capitalization will be calculated as altcoins_USD_capitalization / BTCUSD (from BITSTAMP as well). Also, remember that, in both cases (alts capitalization or price), the graph will consistently respect the following rule: - btc_usd_price_change * alt/capitalization_btc_price_change = alt_usd_price_change. That applies for both the green/red bars respect to the background, and the green/red line respect to the blue dotted sequence. Lastly, you may want to know if, in case btc price and altbtc price or capitalization go in opposite directions, who gain the battle? For example, if BTCUSD moved +20%, and an ALTBTC price moved -20%, the result is a loss, because 1.2*0.8 = 0.96, so the ALTUSD price or capitalization moved -4% (remember that, for preserving the USD value, if today's bitcoin change rate is x, the altbtc change rate must be 1/x; so for a -20% BTCUSD price movement, there must be at least a +25% ALTBTC price change to don't loss USD value, because 1/0.8 = 1.25). The background is what shows you that: if the background is green, it means that for that day there was a total USD gain of value, and when it's red, then it was a loss of USD value. You can customize the following things: - Accum change rate interval: the "selected days". By default 7. - Take alts-capitalization?: By default unmarked. The effect when is unmarked is what I have explained in the previous paragraph. If you mark it, then it will use the USD_capitalization of all alts no matter what market you are looking right now. - Which capitalization do you want? There are three options, that applies when "Take alts-capitalization?" is marked, or otherwise, when you are not looking a BTC-paired market. - - - All-alts (default option): take CRYPTOCAP:TOTAL2 security as reference Alts-capitalization, which represents all altcoins. - - - Other-alts: take CRYPTOCAP:OTHERS security as reference Alts-capitalization, which represents all altcoin except the 9 most capitalized alts. - - - Big-alts: take CRYPTOCAP:TOTAL2 - CRYPTOCAP:OTHERS as reference Alts-capitalization, which represenst only the 9 most capitalized alts. The idea of this script is: A) Figuring out what is causing a USD value gain or loss, the alts market movements, or the BTC price change. So you can spot if some altcoin, or all altcoins combined, are gaining or loosing value by themselves or because of bitcoin. B) Trying to spot or discover some patterns that allows you to identify altseasons. Once an altseason has been developed, the chart will show it in a pretty obvious way (massive red line bells and dotted blue lines with very high values during a period of various weeks). The hard problem is to spot it in advance, and maybe this graph can help.
Wskaźnik Pine Script™
od peregringlk
Other altcoins BTC capitalization histogram [peregringlk]Introduction ========== This study is intented to be used in combination with my other study "Other alts compensated cap". Read its description, in particular, it's rationale, to understand why I have removed the big capitalized altcoins from these studies. The middle indicator in the image is that other study, while the indicator in the buttom of the image is that one. It shows, in form of histogram, the BTC capitalization change rate (per candle, using closes) of the "OTHERS" altcoins together with the inverse of the BTCUSD price change rate per candle. NOTE: I call the change rate to the multiplier factor of price from bar to bar. For example, a change rate of 1.20 means +20% respect to "yesterday", and a change rate of 0.80 means -20%. The idea is to know what are altcoin markets (against BTC) doing after each BTC price change. Definitions ========= I will use ALT from now one as the name of an index or fictional coin that represents the average price of all other altcoins combined. I'll use then ALTUSD to represent the price against USD of such fictional coin (= the OTHERS capitalization, as if the USD capitalization of altcoins were the USD price of ALT), and ALTBTC to represent the same price but against BTC (calculated by taking ALTUSD/BITSTAMP:BTCUSD; the choosing of BITSTAMP is because it's the market with a longer history in tradingview). Since I use the "OTHERS" security, I cannot know the real altcoin index so I can only estimate by using the capitalization. CIX100 could be a solution, but it is too recent in time as to inspect past price actions. Description ========= For example, let's assume BTCUSD decreases by 20% today. It would cause a fall in ALTUSD of 20% (just maths). So, what should it happen in ALTBTC to preserve the original ALTUSD price? People should buy alts in BTC markets by a factor of 1/0.8 = 1.25. Or in other words, unless there are a +25% grow in ALTBTC, ALTUSD would see a decrease in value. This is what the histogram shows. The red columns shows the ALTBTC change rate per candle, while each green column shows what is the required change rate in ALTBTC required to preserve its ALTUSD value (capitalization). In other words, the green columns are the "targets" to preserve USD capitalization in ALTBTC, while the red histogram shows the actual changes. Also, it shows two curves. There are just the change rate accumulation during some customizable interval (the same for both lines, and 7 by default; or the "week" for daily candles). The green line is the accumulated "target" change rate within that period of time (the accumulated product of the last `interval` change rates), and the red line is the actual change rate for the same `interval` candles. Interpretation ============ If red column values are bigger than the green ones (green column is negative, and red column is positive; or both are positives but the red one "put outs", or both are negative but the red column doesn't "put out"), OTHERS USD capitalization has increased. If red column values are lower than the green ones (green column is positive and red column is negative; or both are positives but the red one doesn't "put out"; or both are negative but the red column "put outs"), OTHERS USD capitalization has decreased. The same for the continuous lines: if the red line is above the green one, OTHERS USD capitalization has increased during "the past week". Otherwise, it has decreased. The added value of this indicator is that it allows you to know "why". For example, if a green column is positive, and its corresponding red column is positive as well, but below the green one, the capitalization has decreased but BECAUSE the btc price has fallen, not because there was a sellof in alts. Actually, there was some buys (the ALTBTC price increased); it just it was not enough to counteract the btc fall. That can be clearly seen in the remarked candle in the plot, the "coronavirus" sellof. The BTCUSD fall was huge (the hugest in BTC history), and the green column is telling you that to preserve the capitalization a lot of buys were required. However, that didn't happen. Actually, the OTHER alts were pretty quiet (the red column is tiny), causing a massive indirect loss of capitalization. Also, with the curves, you can know if there was a total gainning or loss of capitalization during the past few days or candles. Also you can try to spot the beginning of alts seasons by crosses between red and green lines: if the red lines crosses above the green one (because there was a continuous sequence of red columns above green ones), it means that, potentially, were are at the beginning of an alt season because people are accumulating. Table of cases =========== - if the green column is positive (BTCUSD is down) - if the red column is positive (ALTBTC is up) - bigger than the green column: ALTBTC buys are stronger than required by arbitrage and have counteracted and overcome the BTC fall. - shorter than the green column: there have been some buys but not enough, so the BTCUSD fall has not been fully counteracted. - if the red column is negative (ALTBTC is down): the loss is double: BTCUSD have lost value + ALTBTC is bleeding. - If the green column is negative (BTCUSD is up) - if the red column is negative (ALTBTC is down) - bigger than the green column: ALTBTC sells are so strong that have counteracted the BTC increase in value, causing a loss of USD value. - shorter than the green column: there have been sells but overall the ALTUSD price has increased. - if the red column is positive (ALTBTC is up): the gain is double: BTCUSD has gain value + ALTBTC is also growing.
Wskaźnik Pine Script™
od peregringlk
Crypto Multi Exchange Volume (CMEV)Crypto Multi Exchange Volume (CMEV) aggregates and plots trading volumes for supported cryptoasset pairs over multiple different cryptoasset exchanges. For developers looking for more information and for those who want to compile their own version of CMEV, please check out my GitHub (jakobpredin/crypto-multi-exchange-volume). Configuration CMEV comes with two configurable settings - whether base volume or quote volume is plotted and the length of the volume's EMA. By default, the base volume is used for plotting and the length of the EMA is set to 12 periods. Use cases The indicator was primarily developed in order to be able to chart using the trading pair with the longest available trading history. Due to the fast-changing preferences of where cryptoassets are traded, volumes tend to be very inconsistent and can give a distorted picture of a pairs history. For illustration, check out the SC-BTC pair from Poloniex using their native volume and compare it to the CMEV volume. The other use case is to be able to spot divergences in volume. A great example here is bitcoin's 2019 rally where volumes from derivatives exchanges are at all time highs but volumes from retail/spot exchanges are not. Supported exchanges CMEV currently supports asset pairs from the following exchanges: Binance Bitfinex Bitstamp Bittrex Coinbase Gemini Kraken Poloniex Limitations Because of the fact that CMEV is pulling data from from multiple different exchanges and is computationally intensive it can take a couple of seconds to load while charting certain cryptoasset pairs. Additionally, due to Tradingview's various limitations only a certain number of pairs can be supported at a time. By default, only pairs with a BTC or USD quote are supported and many non-unique pairs with consistently low trading volumes have been removed. For a full explanation, please refer to the docs in my GitHub (jakobpredin/crypto-multi-exchange-volume). Future of the project I plan on supporting pairs from more exchanges in the future as I see fit and as they become available for charting on Tradingview. Further, I may develop a strategy script using CMEV as its core indicator. I welcome everybody from the community to help me extend the functionality of CMEV in order to make investing in cryptoassets more transparent for everybody.
Wskaźnik Pine Script™
od JakobPredin
1