ColeGarner

Asset Rotation Aperture

ColeGarner Updated   
Asset Rotation Aperture visualizes volume accumulation momentum, of multiple assets, side by side.
It's a surgical, multi-purpose leading indicator of price, market narratives and capital rotation.

Each colored line represents the rolling cumulative volume (or open interest) of an asset, index, narrative, or symbol equation. Normalized to each other, relative to each other.

This enables Asset Rotation Aperture to visualize assets and narratives with dramatically different market caps (and therefore different volume accumulation profiles), side by side.







METRIC CONSTRUCTION

Asset Rotation Aperture is a fork of Money Flow Index, like a centered On Balance Volume.
Modified to more effectively lead price, smoothed to more clearly visualize with clarity, and recursively printed.





SYMBOL SELECTION

I highly recommend selecting symbols from exchanges that dominate volume for the asset(s) you're visualizing.
For crypto, this typically means Binance pairs.
Keep the exchange consistent across symbols whenever possible.
To construct an index / narrative, use the following formula format:

(BINANCE:UNIUSDT*BINANCE:SNXUSDT*BINANCE:AAVEUSDT*BINANCE:CRVUSDT)^(1/4)





THE Y AXIS

The Y axis represents the asset's percentage of volume accumulated, relative to its norm AND relative to other assets.

It's a made up figure, and I recommend ignoring it.
A visual scan of the data viz is more effective than studying any Y-axis output.





Release Notes:
Minor settings update.
Release Notes:
Minor visual update.
Release Notes:
Minor code update.
Release Notes:
Minor settings update.
Release Notes:
Settings update.
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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