OPEN-SOURCE SCRIPT
Compare TOTAL, TOTAL2, TOTAL3, and OTHERS
Обновлено
Compare TOTAL, TOTAL2, TOTAL3, and OTHERS
This indicator compares the performance of major cryptocurrency market cap indices: TOTAL, TOTAL2, TOTAL3, and OTHERS. It normalizes each index's performance relative to its starting value and visualizes their relative changes over time.
Features
- Normalized Performance: Tracks the percentage change of each index from its initial value.
- Customizable Timeframe: Allows users to select a base timeframe for the data (e.g., daily, weekly).
- Dynamic Labels: Displays the latest performance of each index as a label on the chart, aligned to the right of the corresponding line for easy comparison.
- Color-Coded Lines: Each index is assigned a distinct color for clear differentiation:
-- TOTAL (Blue): Represents the total cryptocurrency market cap.
-- TOTAL2 (Green): Excludes Bitcoin.
-- TOTAL3 (Orange): Excludes Bitcoin and Ethereum.
-- OTHERS (Red): Represents all cryptocurrencies excluding the top 10 by market cap.
- Baseline Reference: Includes a horizontal line at 0% for reference.
Use Cases:
- Market Trends: Identify which segments of the cryptocurrency market are outperforming or underperforming over time.
- Portfolio Insights: Assess the impact of Bitcoin and Ethereum dominance on the broader market.
- Market Analysis: Compare smaller-cap coins (OTHERS) with broader indices (TOTAL, TOTAL2, and TOTAL3).
This script is ideal for traders and analysts who want a quick, visual way to track how different segments of the cryptocurrency market perform relative to each other over time.
Note: The performance is normalized to highlight percentage changes, not absolute values.
This indicator compares the performance of major cryptocurrency market cap indices: TOTAL, TOTAL2, TOTAL3, and OTHERS. It normalizes each index's performance relative to its starting value and visualizes their relative changes over time.
Features
- Normalized Performance: Tracks the percentage change of each index from its initial value.
- Customizable Timeframe: Allows users to select a base timeframe for the data (e.g., daily, weekly).
- Dynamic Labels: Displays the latest performance of each index as a label on the chart, aligned to the right of the corresponding line for easy comparison.
- Color-Coded Lines: Each index is assigned a distinct color for clear differentiation:
-- TOTAL (Blue): Represents the total cryptocurrency market cap.
-- TOTAL2 (Green): Excludes Bitcoin.
-- TOTAL3 (Orange): Excludes Bitcoin and Ethereum.
-- OTHERS (Red): Represents all cryptocurrencies excluding the top 10 by market cap.
- Baseline Reference: Includes a horizontal line at 0% for reference.
Use Cases:
- Market Trends: Identify which segments of the cryptocurrency market are outperforming or underperforming over time.
- Portfolio Insights: Assess the impact of Bitcoin and Ethereum dominance on the broader market.
- Market Analysis: Compare smaller-cap coins (OTHERS) with broader indices (TOTAL, TOTAL2, and TOTAL3).
This script is ideal for traders and analysts who want a quick, visual way to track how different segments of the cryptocurrency market perform relative to each other over time.
Note: The performance is normalized to highlight percentage changes, not absolute values.
Информация о релизе
screenshot updatedСкрипт с открытым кодом
В истинном духе TradingView автор этого скрипта опубликовал его с открытым исходным кодом, чтобы трейдеры могли понять, как он работает, и проверить на практике. Вы можете воспользоваться им бесплатно, но повторное использование этого кода в публикации регулируется Правилами поведения. Вы можете добавить этот скрипт в избранное и использовать его на графике.
Хотите использовать этот скрипт на графике?
Отказ от ответственности
Все виды контента, которые вы можете увидеть на TradingView, не являются финансовыми, инвестиционными, торговыми или любыми другими рекомендациями. Мы не предоставляем советы по покупке и продаже активов. Подробнее — в Условиях использования TradingView.