This indicator is a multi-asset market analysis tool that evaluates trends, RSI, and confluence across various assets, providing actionable insights into the current market conditions. It calculates a score and trend signals for multiple assets, including DXY, USDT dominance, BTC, BTC dominance, TOTAL market cap, and specific altcoins like HBAR and its pairings. Key Features:
Multi-Asset Analysis: Analyzes multiple metrics such as DXY, BTC, TOTAL market caps, and specific altcoins. Provides a clear breakdown of trend directions (Bull/Bear), RSI values, and previous conditions for each asset.
Custom Scoring System:
Calculates a score for each asset using a weighted system based on: Moving averages (37 and 200-period). RSI thresholds (e.g., >60 for bullish, <40 for bearish). Relative Volume (RVOL). ADX values for trend strength. Bullish and bearish divergences detected using RSI and price.
The score categorizes the trend into five levels: Strong Bull: High bullish confidence. Bull: Moderately bullish conditions. Neutral: Mixed or undecided market state. Bear: Moderately bearish conditions. Strong Bear: High bearish confidence.
RSI-Based Trend Insights: Evaluates whether RSI is trending higher or lower, combining this with price and volume metrics to strengthen trend detection.
Divergence Detection: Identifies bullish divergences when prices make lower lows while RSI makes higher lows. Identifies bearish divergences when prices make higher highs while RSI makes lower highs.
Confluence Across Metrics: Combines individual asset scores to provide a comprehensive view of market sentiment and strength across key assets. For example: If BTC and TOTAL both show bullish trends with rising RSI, the market-wide confluence suggests stronger confidence in the bullish scenario.
Visualization: Displays clear metrics such as trend direction, RSI values, and their corresponding previous states in a visually organized table format. Color coding (e.g., green for bullish, red for bearish) enhances readability.
版本注释
Update Highlights:
Improved Code Efficiency: Simplified the process of fetching data for other symbols, reducing the required code.
Stablecoin Metrics Update: USDT.D now includes USDT.D + USDC.D, reflecting the two primary stablecoins in the market.
Market Dominance Update: BTC.D now incorporates BTC.D + ETH.D for a more comprehensive view.
Removed Feature: The 'Overall Trend' table has been removed due to its inaccuracy and lack of necessity.