RSI correlation with cryptoindices [alert version] — Indicator by DynamicSignalLab

Hereby the study script where the RSI of a (preferably) altcoin is compared to one of the selected cryptocap indices. Included are:
-total market cap
-total market cap minus bitcoin
-total market cap others
-total market cap usdt
-cix100 index
-btc dominance
-btc total cap

If the signal crosses over 1, then the altcoin is undervalued compared to the crypto index (and a buying signal). If the signal crosses under 1, then the altcoin is overvalued compared to the selected crypto-index and a short signal is produced.
!!Please note that the selected timeframe for the reference pair should be a higher time of the chart in order to prevent repainting!!!

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Author's instructions

In order to request access to this indicator, send an email with your tradingview accountname to: dynamicsignallab [at] gmail.com we'll provide you free access for 7 days

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