Mayfair Crypto Market 1.0 — Indicator by Paul_Varcoe

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In this indicator, we compare the market capitalisation of Bitcoin(in gold colour) with the market cap of all the other cryptocurrencies (in red), and the market cap of the whole cryptocoin market (the green histogram).

As you may be able to see, when Bitcoin (gold colour) crosses over the Others (red colour) in the indicator, it signifies a swing in popularity towards Bitcoin, and it appears to have predicted some of the recent large rallies (blue Vertical lines) and pull-backs (red vertical lines)

Like all indicators, it is not perfect, and you should never rely on one indicator in any situation.

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Invite-only script

Access to this script is restricted to users authorized by the author and usually requires payment. You can add it to your favorites, but you will only be able to use it after requesting permission and obtaining it from its author. Contact Paul_Varcoe for more information, or follow the author's instructions below.

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Disclaimer

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Author's instructions

To buy this script, please go here: launchpass.com/mayfa...and-mentoring/crypto It is best used on longer time-frames like 1D and 1W.

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Warning: please read before requesting access.