OPEN-SOURCE SCRIPT
Dominance
Hi!
A script where you can play with 'Dominance" to make things more clear.
Initially we'll get this,
all available % dominance of BTC/Alts,...:
We can set an EMA on it to smooth things out:
We can filter so we keep want we want to see:
Finally, we can adjust the ratio's, which makes comparisons easier
Do mind, when you do this, don't look at the numbers!
They are changed, only to make it visually easier to see what goes up and down
Also, when doing this it may happen that lines flow in each other
Either way, you can get something like this:
You can see when BTC gets the inflow from ALTS, and USDT, you'll see that BNB recently is getting bigger, more inflow of USDT for some time now, etc...
Have fun!
A script where you can play with 'Dominance" to make things more clear.
Initially we'll get this,
all available % dominance of BTC/Alts,...:
We can set an EMA on it to smooth things out:
We can filter so we keep want we want to see:
Finally, we can adjust the ratio's, which makes comparisons easier
Do mind, when you do this, don't look at the numbers!
They are changed, only to make it visually easier to see what goes up and down
Also, when doing this it may happen that lines flow in each other
Either way, you can get something like this:
You can see when BTC gets the inflow from ALTS, and USDT, you'll see that BNB recently is getting bigger, more inflow of USDT for some time now, etc...
Have fun!
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Who are PineCoders?
tradingview.com/chart/SSP/yW5eOqtm-Who-are-PineCoders/
TG Pine Script® Q&A: t.me/PineCodersQA
- We cannot control our emotions,
but we can control our keyboard -
tradingview.com/chart/SSP/yW5eOqtm-Who-are-PineCoders/
TG Pine Script® Q&A: t.me/PineCodersQA
- We cannot control our emotions,
but we can control our keyboard -
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.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Who are PineCoders?
tradingview.com/chart/SSP/yW5eOqtm-Who-are-PineCoders/
TG Pine Script® Q&A: t.me/PineCodersQA
- We cannot control our emotions,
but we can control our keyboard -
tradingview.com/chart/SSP/yW5eOqtm-Who-are-PineCoders/
TG Pine Script® Q&A: t.me/PineCodersQA
- We cannot control our emotions,
but we can control our keyboard -
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.