jcray

ETH Top Cap [jamesray]

This script is modified from Top Cap , as published here.

Historically it matches market tops for ETH
Информация о релизе: I've changed the multiplier to 8.5 here, which actually touches the 2018 market top, while a multiplier of 9 goes slightly above it.
Информация о релизе: OK after experimenting with some tweaks, I have modified to this. Note that the launch date is the launch of the Ethereum main net, like with the BTC Top Cap indicator script. It is not the start date of the chart.
Информация о релизе: Update with mid and bottom market cap bands.

Also add links to my other scripts (which I haven't published due to a limit on my account).
Информация о релизе: Add link to Medium article
Скрипт с открытым кодом

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

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Комментарии

Use all of these scripts only on the YTD timeframe for correct rendering.
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See also my other scripts:

- top cap, mid cap and bottom/average cap / market cap bands for Ethereum: bit ly ethcaps
- top cap, mid cap and bottom/average cap / market cap bands for Holo HOT tokens: bit ly hottcmc
- top cap, mid cap and bottom/average cap / market cap bands for BTC: bit ly btccaps
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Note that this indicator only touches the 2018 peak, while the price actually rose significantly above the market top in 2017. So for future price action, the price could also cross above the market top. In any case, if the price does cross above the market top cap, it is still a good indicator to sell.
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