INVITE-ONLY SCRIPT
Sector Spaghetti [CE]
Updated
Sector Spaghetti
An overlay indicator for multiple sectors that is configurable for multi asset configuration to track the returns of sectors in the market.
The tool provides three different viewing modes for returns; a rolling bar lookback, a specific data and time anchor, and a visible range.
Included is a pre built list of sectors created by none other than DaanCryptoTrades, the list includes a large range of sectors to cover the depth of the market as a whole.
Additionally a pre configured custom sectors list has been provided, we have included Daan's custom list within the custom sectors but provided the use of an additional feature "weight".
The weight feature is an intuitive method of applying importance to assets in there relevant sectors, we have used this as an opportunity to show the ability of creating market cap weighted sectors to balance the assets accordingly. This can provide useful in sectors where a low market cap + high beta asset could typically skew the results in one direction even if the remainder of the sector may be performing differently.
Non Market Cap:
Meme and Dex seem to be performing similarly
Market Cap:
Assets weighted via market cap shows relatively Meme sector is out performing
We have also added an optional table to the right of the screen so that the trader can clearly see outperforming assets. This table is toggleable using radio buttons within the Style menu. Updating the code we have provided users the ability to customize the table to further improve readability of the Text and reduce screen noise where needed.
To improve asset visibility, the script also calculates the 'long tail' of the list distribution and automatically lowers the visibility of clustered assets in the centre.
To Do
An overlay indicator for multiple sectors that is configurable for multi asset configuration to track the returns of sectors in the market.
The tool provides three different viewing modes for returns; a rolling bar lookback, a specific data and time anchor, and a visible range.
Included is a pre built list of sectors created by none other than DaanCryptoTrades, the list includes a large range of sectors to cover the depth of the market as a whole.
Additionally a pre configured custom sectors list has been provided, we have included Daan's custom list within the custom sectors but provided the use of an additional feature "weight".
The weight feature is an intuitive method of applying importance to assets in there relevant sectors, we have used this as an opportunity to show the ability of creating market cap weighted sectors to balance the assets accordingly. This can provide useful in sectors where a low market cap + high beta asset could typically skew the results in one direction even if the remainder of the sector may be performing differently.
Non Market Cap:
Meme and Dex seem to be performing similarly
Market Cap:
Assets weighted via market cap shows relatively Meme sector is out performing
We have also added an optional table to the right of the screen so that the trader can clearly see outperforming assets. This table is toggleable using radio buttons within the Style menu. Updating the code we have provided users the ability to customize the table to further improve readability of the Text and reduce screen noise where needed.
To improve asset visibility, the script also calculates the 'long tail' of the list distribution and automatically lowers the visibility of clustered assets in the centre.
To Do
- Alerts for sector performance
Release Notes
V1.1 Update Log- HTF code improvement
- Minor code optimization applied
Release Notes
V2 XRAY ADDEDHover over sectors either on chart or the display table and get a breakdown of each assets underlying performance!
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 spacemanbtc for more information, or follow the author's instructions below.
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Author's instructions
″For access join on our website!
Website: http://www.cubansedge.com/
Discord here: discord.com/invite/NqDfZgxeku
New information for claims coming soon!
Want to use this script on a chart?
Warning: please read before requesting access.
Twitter: twitter.com/cubansedge
Discord: discord.com/invite/NqDfZgxeku
Discord: discord.com/invite/NqDfZgxeku
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