Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX
Description
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The DXM oscillator is a cryptocurrency indicator. It compares the price action of the underlying asset to the movement of the total cryptocurrency market capitalization and determines if there is excess buy or sell pressure (red/green area plot, x). The strength of x is absolute in that a move above 20 or below -20 is considered "strong pressure". The incorporated histogram also helps illustrate the strength of x in addition to signaling potential long/short entries. The histogram is color-coded:
green = long red = short yellow = aggressive long purple = aggressive short
If you have any questions, feel free to leave a comment or DM me.
Happy trades,
Sim
Release Notes
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Cleaned up code; new histogram signal (white) is very aggressive long/short signal.
Release Notes
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Added option to compare price action to altcoin market cap movement.
Does it have some lag when red/green dots are appearing in the chat?
FrommannCarl
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Hey Sim. Thanks for sharing. How do i find this indicator on TV. I searched for it but does not seem to reflect in the Indicator searches? Thanks yet again for the share
Simpel_Bart
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@FrommannCarl, Hi Carl. I'm unsure if you can find it using Trading View's search engine. This happened for some of my other published indicators.
Also, my pleasure; I hope this gives you a slight edge however small it may be.
FrommannCarl
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@simpelyfe, How can i add it to my chart?
Simpel_Bart
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@FrommannCarl, There's a "star" icon with text, "Add to Favorites Scripts" somewhere on the page. Click it and it should be in your favorites.
FrommannCarl
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@simpelyfe, Thank You did not know that. Thanks yet again man!