OPEN-SOURCE SCRIPT
Launchpool
Launchpool vs BTC, TOTAL3
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//version=5
indicator("Custom Currency Index", overlay=false)
// Define the currency pairs
pairs = [""]
// Initialize variables to hold the total price and count
var float total_price = 0.0
var int count = 0
// Loop through each pair to fetch the closing prices
for i = 0 to array.size(pairs) - 1
pair = array.get(pairs, i)
price = request.security(pair, "D", close)
total_price := total_price + price
count := count + 1
// Calculate the average price
average_index = total_price / count
// Plot the custom index
plot(average_index, title="Custom Currency Index", color=color.blue, linewidth=2)
// Add a horizontal line at zero for reference
hline(0, "Zero Line", color=color.gray)
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//version=5
indicator("Custom Currency Index", overlay=false)
// Define the currency pairs
pairs = [""]
// Initialize variables to hold the total price and count
var float total_price = 0.0
var int count = 0
// Loop through each pair to fetch the closing prices
for i = 0 to array.size(pairs) - 1
pair = array.get(pairs, i)
price = request.security(pair, "D", close)
total_price := total_price + price
count := count + 1
// Calculate the average price
average_index = total_price / count
// Plot the custom index
plot(average_index, title="Custom Currency Index", color=color.blue, linewidth=2)
// Add a horizontal line at zero for reference
hline(0, "Zero Line", color=color.gray)
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 publication is governed by House rules. You can favorite it to use it on a chart.
Disclaimer
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