OPEN-SOURCE SCRIPT
Updated Market Outlook | Shitcoin Index 'TOP 20 Exc.'
The script is structured to analyze the cryptocurrency market by comparing the performance and dominance of the trash index by excluding(BTC,ETH,Stablecoins & the top 20 Coins ) from TOTAL market. It provide users with insights into market trends, dominance shifts, and performance metrics of these selected cryptocurrencies.
- Table provided to display values of current and previous % change based on chart timeframe
- The most noticable insight is the comparison of shitcoin dominance to others.D with 33% difference in dominance.
- Majors excluded are also aggregated to compare against index
- Chart also plots the candles of the MC and the % dominance of the shitcoin Index
* Go to settings to uncheck index and check dominance for displaying the data series of
shitcoin % dominance.
- The chart also ignores assets that do not have a long history of data and creates candlestick
charts starting from the earliest available price history of the assets.
Note: Trends are not signals rather offers an overview of the market conditions. Changes in coin rankings must be done manually.
- Table provided to display values of current and previous % change based on chart timeframe
- The most noticable insight is the comparison of shitcoin dominance to others.D with 33% difference in dominance.
- Majors excluded are also aggregated to compare against index
- Chart also plots the candles of the MC and the % dominance of the shitcoin Index
* Go to settings to uncheck index and check dominance for displaying the data series of
shitcoin % dominance.
- The chart also ignores assets that do not have a long history of data and creates candlestick
charts starting from the earliest available price history of the assets.
Note: Trends are not signals rather offers an overview of the market conditions. Changes in coin rankings must be done manually.
Release Notes
- Added majors dominance to plotRelease Notes
- Update list Release Notes
...Release Notes
- v2.0Release Notes
V3.0Release Notes
...Release Notes
- Included insights on trends using the Relative Strength Index (RSI), z-score, and Rate of Change (ROC) for data series. These insights are applied to fixed timeframes of 1 day, 1 week, and 1 month, with data series lengths set at 30, 13, and 6, respectively, other timeframes are defualt to 14.Release Notes
- Candle Color UpdateOpen-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.
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.
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.