Crypto-DX can be used to help measure the overall strength and direction of the crypto market trend.
Furthermore, it can be used as a screener to find out cryptocurrencies which are accumulating momentum and tends to potentially pump or dump.
How this indicator works :
If the Crypto-DX cross above the zero-level, it could be an indication that there is a...
As of publishing, all the tickers from FTX with the word "index" in it, plus bitcoin.
This is your regular ADL except instead of hundreds in the basket you've got them condensed into 7 (for now) and in open/close candle form instead of a line.
I'm a bit disappointed because I thought I'd lever more utility from indexes. It may just need some tweaking.
Doesn't...
An index of LTC, ETH, and BCH sans SV equally weighted by market cap.
The index is weighed to 10,000 on the 1st of September, 2018.
The formula used should be the same as the one found in BGCI, with the result being the product of all individual market caps to the power of their own cap that is divided by the sum of all caps.
If you enjoy my scripts and would...
![BTCUSDT: Crypto-DX Crypto Directional Index [chhslai]](https://s3.tradingview.com/z/zteGOrCd_mid.png "Crypto-DX Crypto Directional Index [chhslai]")
