OPEN-SOURCE SCRIPT

Crypto Market Trend Analysis

已更新
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.
版本注释
Update Highlights:
  • Alert Condition Updating
educationalMoving AveragesTrend Analysis

开源脚本

本着真正的TradingView精神,此脚本的作者已将其开源,以便交易者可以理解和验证它。向作者致敬!您可以免费使用它,但在出版物中重复使用此代码受网站规则约束。 您可以收藏它以在图表上使用。

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