Alt Season Indicator by KBorn

This indicator is a traffic light system to determine the nature of the crypto markets with 4 colour outputs

Colour 1 : Long BTC to USD
Colour 2 : Long Alts to USD (Alt Season)
Colour 3 : Short Alts to USD
Colour 4 : Short BTC to USD

The underlying calculations are based on the BTCUSD 20SMA Daily and the BTC Dominance 20 SMA Daily

Release Notes:

New update amends the default colours for clarity.

Release Notes:

updated default transparency

Release Notes:

Updated resolution to stay fixed on daily when looking at lower timeframes.

Release Notes:

Added BTC price line into the indicator

Release Notes:

Updated titles of colours to help customisation

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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