What's BTC Doing? — Indicator by CryptoEatsTheWorld

This is an RSI-like view of the price of BTC, along with a moving average. The purpose of it is so that whatever crypto you are trading, you can easily see what BTC is doing, so you can factor that into your signals.

Also, it could be used to look for divergences between BTC and the crypto you are trading, to detect potential reversals.

Release Notes:

Fixed a bug with setting the MA length

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

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