danarm

Top 5 coins cummulated Upvol/Dnvol and Money Flow

This script reads price and volume information for the top 5 coins (on 9 exchanges, a total of 29 pairs), calculates the cummulative upvolume and downvolume according to the Money Flow ( MFI ) formula, and shows upvolume and downvolume separately on the chart as a green and a red line.

The coins used are BTC , ETH, LTC, XRP and EOS . They are the top 5 coins by daily volume , as of 24th of February 2019.

Because of the many security() calls needed, the script is VERY slow, so have lots of patience.

I find it useful as a broad crypto market indicator - for example to compare the current pump with the pumps in the past.

Can also calculate the aggregated Money Flow ( MFI ) if you check that option in the indicator's configuration. Make sure to wait for recalculation and rescale the chart afterwards - MFI has a value from 0 to 100 and you may need to zoom in.
Release Notes: Small bugfixes and improvements.
Release Notes: Updated to include the new Coinbase XRPUSD pair

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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