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Crypto: Macro Heatmap [invincible3]Crypto Macro Heatmap is an automatic market-regime dashboard designed to summarize crypto macro conditions using liquidity, leverage, breadth, and risk-participation metrics.
The indicator converts multiple market data sources into normalized 0–100 scores and displays them in a structured heatmap table. It is built to help traders quickly understand whether the broader crypto environment is risk-on, neutral, or risk-off.
Main dashboard sections:
1. Liquidity
Tracks Global M2, total crypto market cap, USDT dominance, and BTC volume confirmation. Higher liquidity scores generally suggest stronger macro support for crypto markets.
2. Leverage
Tracks open interest pressure, funding-risk proxy, liquidation-risk proxy, and OI acceleration. Higher leverage scores mean higher stress or crowding risk.
3. Breadth
Tracks TOTAL2, TOTAL3, BTC dominance, ETH dominance, and altcoin participation. This section helps identify whether market strength is broad or concentrated.
Key features:
* Fully automatic scoring
* No manual market-score inputs
* Dashboard show/hide checkbox
* Light/dark chart theme detection
* Composite regime score
* Regime meter
* Market phase detection
* Risk-state classification
* Confidence score
* Section delta versus 7 days ago
* Fixed-width heatmap layout for cleaner visual alignment
The composite score combines liquidity support, market breadth, and leverage-adjusted risk into one regime reading. The dashboard is intended for macro context and regime analysis, not direct buy or sell signals.
Use this tool as a higher-timeframe market filter together with your own technical analysis, risk management, and trading system.
Disclaimer: This indicator is for educational and analytical purposes only. It does not provide financial advice. Always do your own research and manage risk carefully.
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Crypto Beta Leadership Ladder [AGPro Series]Crypto Beta Leadership Ladder
🧠 Core Idea
When crypto risk appetite changes, who is actually leading the move: BTC, ETH, broad alt beta, or the active chart itself?
📌 Overview / What it does
Crypto Beta Leadership Ladder is a market leadership and relative beta map for crypto traders.
The script compares BTC, ETH, broad altcoin market-cap behavior, high-beta altcoin breadth, BTC dominance, ETH dominance, and the active chart into a single leadership framework.
It produces a right-side leadership ladder, a live leadership path, selective transition labels, optional compact markers, and an AG Pro dashboard panel. It does not predict price, automate trades, or tell users what to buy or sell.
🎯 Purpose & Design Philosophy
This script was built to solve a common crypto-market problem: price may move, but leadership often rotates underneath the move.
Sometimes BTC is leading defensively. Sometimes ETH begins to participate. Sometimes broad alt beta expands. Sometimes the active chart is outperforming the market. These are different market conditions, and they should not be interpreted the same way.
The goal is to help traders read crypto leadership quality instead of reacting only to candle direction.
⚡ Why This Script Is Different
Most tools focus on one symbol, one moving average, one dominance chart, or one relative-strength line.
This script does NOT draw liquidation zones, funding stress maps, stablecoin liquidity pulses, basis corridors, or open-interest commitment zones.
Instead, it builds a leadership ladder from multiple crypto-market proxies and ranks BTC, ETH, alt beta, and chart beta as a live market hierarchy.
⚙️ Methodology
1. Context Detection
The script reads BTC, ETH, TOTAL2, TOTAL3, BTC dominance, and ETH dominance sources.
2. Relative Beta Mapping
It compares performance, dominance change, chart beta versus BTC, and altcoin breadth versus BTC.
3. Leadership Ranking
BTC, ETH, ALT, and CHART scores are ranked into a leadership stack. The gap between the first and second rank controls whether leadership is clear or split.
4. Visual Output
The script displays a right-side rank ladder, a leadership path, selective event labels, optional rank markers, and a compact dashboard.
🗺️ How to Read the Chart
The top ladder rail shows the current leadership rank.
The middle rail shows the second rank and whether leadership is close or split.
The lower rail shows the third rank and the active beta spread context.
The leadership path moves with the market and changes color by active leadership state.
Event labels highlight major transitions such as BTC Shield Lead, ETH Leadership, Alt Beta Lead, Chart Beta Expansion, or Split Leadership.
The panel summarizes leader, score, edge, BTC relative change, ETH relative change, alt beta, chart beta, dominance shift, persistence, state, and grade.
🚦 Signals & States
• BTC Leadership → BTC is leading defensively versus the broader crypto market
• ETH Leadership → ETH participation is stronger than BTC and broad alt context
• Alt Beta Lead → high-beta altcoin breadth is leading the crypto market
• Chart Beta Expansion → the active chart is outperforming BTC with expanding beta
• Split Leadership → leadership is mixed and no single group has clear control
• Balanced Leadership → leadership is present but not strong enough to be dominant
• Data Missing → one or more reference sources are unavailable
🔔 Alerts Logic
Alerts can be enabled for BTC Leadership, ETH Leadership, Alt Beta Leadership, Chart Beta Expansion, and Split Leadership.
Alerts trigger when the relevant state becomes active and the leadership state changes.
Alerts are attention markers only. They are not trade instructions.
🧩 Confluence Logic
The ladder becomes more meaningful when rank edge, dominance shift, chart trend, and persistence align.
For example, an Alt Beta Lead state with positive chart beta and falling BTC dominance suggests a stronger risk-on leadership environment than a single isolated altcoin move.
📊 When to Use
• Crypto market rotation analysis
• BTC versus altcoin leadership checks
• ETH participation monitoring
• Altcoin beta expansion environments
• Market regime comparison across timeframes
⚠️ When NOT to Use
• Symbols with poor liquidity
• Very low timeframes with noisy dominance behavior
• Markets where reference symbols are unavailable
• During extreme news shocks without broader context
🎛️ Key Inputs
• Leadership Momentum Length → controls the main comparison window
• Leadership Baseline Length → controls slower leadership context
• Leadership Edge Threshold → controls how strong rank separation must be
• Beta Expansion Threshold → controls chart outperformance sensitivity
• Ladder Projection Bars → controls right-side ladder length
• Label Font Size / Panel Font Size → controls visual readability
🖥️ Interface & Visual Design
The interface is designed as a leadership stack rather than a zone map.
The ladder avoids white or pale-gray primary visuals so it remains visible on both dark and light chart backgrounds.
The panel uses the AG Pro blue header with a single merged title row and a compact information hierarchy.
🧪 Practical Usage Workflow
1. Read the panel state.
2. Check which asset group leads the ladder.
3. Compare edge and persistence.
4. Read the leadership path color.
5. Use event labels as attention markers, not trade signals.
🔍 Interpretation Guidelines
Clear leadership means one group is controlling relative market behavior.
Split leadership means the market may be rotating, pausing, or lacking conviction.
Chart Beta Expansion means the active symbol is outperforming BTC, but it still requires broader confirmation.
🚫 What This Script Is NOT
This script is not a prediction engine.
It is not a financial-advice tool.
It is not an automated trading system.
It does not guarantee that leadership will continue.
It does not replace risk management or broader market analysis.
⚠️ Limitations & Transparency
Reference-symbol availability may vary by exchange, region, and TradingView data feed.
Dominance data may behave differently from exchange-traded pairs on lower timeframes.
Leadership can rotate quickly during volatile crypto sessions.
Different timeframes may show different leadership states.
🧠 Market Context Notes
BTC leadership often reflects defensive crypto behavior.
ETH leadership can suggest higher participation in major smart-contract assets.
Alt beta leadership can suggest broader risk appetite, but it may also be more volatile.
Split leadership often appears during transitions, pauses, or uncertain market regimes.
🧾 Use Case Examples
When BTC leads while BTC dominance rises, the market may be defensive even if price is moving.
When alt beta leads while BTC dominance falls, broader risk appetite may be improving.
When the active chart expands versus BTC while rank edge improves, that symbol may deserve closer attention.
🧱 System Philosophy
Crypto markets are not led by one chart all the time.
This script treats leadership as a rotating hierarchy and visualizes that hierarchy directly on the chart.
🔐 Non-Promise Statement
No script can guarantee future price behavior.
This tool maps leadership context; it does not provide certainty.
📉 Risk Disclosure
Trading involves risk.
Users are responsible for their own decisions.
This script is provided for educational and analytical purposes only and does not constitute financial advice.
📚 Educational Note
Use the ladder to study how crypto leadership rotates between BTC, ETH, alt beta, and the active chart across different market regimes.
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Crypto Dominance Rotation Map [AGPro Series]Crypto Dominance Rotation Map
🧠 Core Idea
Is crypto capital rotating toward Bitcoin, Ethereum, altcoins, or defensive stablecoin exposure?
📌 Overview / What it does
Crypto Dominance Rotation Map is a crypto market regime tool built to read capital rotation through Bitcoin dominance, Ethereum dominance, broad altcoin participation, and stablecoin defensive pressure.
The script produces a four-lane rotation map, a 0-100 Risk Participation Score, curated regime labels, right-side lane tags, alert conditions, and an AG Pro panel that summarizes the active crypto capital-flow state.
It does not predict price direction, automate trades, or claim that dominance rotation will always lead to a specific outcome. It is designed as a structured market context and visualization tool.
🎯 Purpose & Design Philosophy
This script was built to fill the gap between single-symbol price indicators and broader crypto market context.
Many crypto traders watch BTC dominance, ETH dominance, altcoin market capitalization, and stablecoin dominance separately. This script brings those references into one readable rotation map so the trader can understand the current capital-flow environment faster.
The mindset is context-first: identify where attention and capital may be concentrating before interpreting individual chart setups.
⚡ Why This Script Is Different
Most tools focus on the active chart symbol or on a basket of crypto assets.
This script does NOT try to call buys or sells on one coin.
Instead, it maps dominance rotation across Bitcoin, Ethereum, altcoins, and stablecoin defense so the trader can read the broader crypto regime behind the chart.
⚙️ Methodology
1. Dominance Mapping
The script reads Bitcoin dominance, Ethereum dominance, altcoin market-cap participation, and stablecoin dominance.
2. Rotation Scoring
Each reference is converted into a normalized 0-100 lane score using configurable momentum and smoothing.
3. Regime Classification
The model classifies the active state as BTC Lead, ETH Lead, Alt Risk-On, Defensive, Rotation Watch, or Neutral.
4. Visual Output
The script plots four rotation lanes, a Risk Participation Score, event labels, right-side tags, and a compact panel.
🗺️ How to Read the Chart
BTC Lane shows whether Bitcoin dominance is gaining leadership.
ETH Lane shows whether Ethereum dominance is improving versus the broader crypto market.
Altcoin Lane shows whether broad non-Bitcoin participation is improving.
Stable Lane shows whether stablecoin dominance is rising, which may reflect defensive positioning.
The Risk Participation Score summarizes whether crypto rotation is constructive, defensive, or undecided.
🚦 Signals & States
• BTC LEAD → Bitcoin dominance is the active leadership lane.
• ETH LEAD → Ethereum dominance is leading rotation.
• ALT RISK-ON → altcoin participation is constructive and broad risk appetite is stronger.
• DEFENSIVE → stablecoin dominance pressure is elevated.
• ROTATION WATCH → no clean leader yet, but participation is improving.
• NEUTRAL → no strong capital-flow leader is confirmed.
🔔 Alerts Logic
Alerts trigger when the active rotation state changes into a major regime.
Available alert states:
• BTC Dominance Leadership
• ETH Dominance Leadership
• Altcoin Risk-On Rotation
• Defensive Stablecoin Rotation
Alerts are attention markers only. They are not trade instructions.
🧩 Confluence Logic
Context becomes stronger when the active rotation state aligns with the trader’s chart setup.
For example, an altcoin breakout may carry stronger context when the map shows Alt Risk-On. A defensive state may encourage more caution around aggressive long setups.
📊 When to Use
• Crypto market regime review
• Altcoin season / Bitcoin dominance monitoring
• Risk-on and risk-off context checks
• Higher-timeframe crypto market preparation
• Comparing individual setups with broader market rotation
⚠️ When NOT to Use
• Very low-liquidity crypto assets
• Symbols that do not respond to broader crypto conditions
• Extremely short-term scalping where dominance data is too slow
• Periods where dominance symbols are unavailable or delayed
🎛️ Key Inputs
• BTC Dominance Symbol → Bitcoin dominance reference.
• ETH Dominance Symbol → Ethereum dominance reference.
• Altcoin Market Cap Symbol → broad altcoin participation proxy.
• Stablecoin Dominance Symbol → defensive crypto positioning proxy.
• Rotation Momentum Length → how far back rotation pressure is measured.
• Rotation Smoothing → how smooth or reactive the lane map becomes.
• Risk-On / Defensive Thresholds → state classification sensitivity.
🖥️ Interface & Visual Design
The interface is designed around a four-lane map. Each lane has a clear role: BTC, ETH, ALT, and STABLE.
Event labels highlight regime changes without turning the chart into a signal board.
The panel summarizes state, risk score, lane values, dominance readings, next context, and timeframe.
🧪 Practical Usage Workflow
1. Read the panel state.
2. Check which lane is leading.
3. Compare the Risk Participation Score with the active chart idea.
4. Use labels and alerts as context markers.
5. Confirm with price structure, volume, and your own risk plan.
🔍 Interpretation Guidelines
The script should be interpreted as market context.
BTC leadership may indicate capital concentration in Bitcoin. Alt Risk-On may suggest broader participation. Defensive stablecoin rotation may indicate caution.
No state is automatically bullish or bearish for every asset.
🚫 What This Script Is NOT
This script is not a prediction engine.
It is not financial advice.
It is not an auto-trading system.
It does not provide guaranteed signals.
⚠️ Limitations & Transparency
Dominance symbols may update differently from exchange-traded instruments.
Timeframe selection can materially change the rotation read.
Crypto market conditions can shift quickly during volatility events.
The script depends on the availability and quality of the selected reference symbols.
🧠 Market Context Notes
Dominance rotation is often more useful as a background regime filter than as a direct entry signal.
The strongest use case is comparing an individual crypto setup against the broader flow of capital across Bitcoin, Ethereum, altcoins, and defensive stable exposure.
🧾 Use Case Examples
When an altcoin setup appears while the map shows Alt Risk-On, the broader participation context may be more supportive.
When Bitcoin dominance leads while altcoin participation weakens, altcoin setups may require more selectivity.
When stablecoin dominance becomes defensive, aggressive risk-on interpretations should be handled more carefully.
🔐 Non-Promise Statement
No script can provide certainty.
This tool provides structured context, not guaranteed outcomes.
📉 Risk Disclosure
Trading involves risk.
Users remain responsible for their own decisions.
This script does not provide financial advice.
📚 Educational Note
Use this script to study how crypto capital rotation changes across market regimes and how that context interacts with individual chart setups.
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Meme Season Score | Memecoin Cycle Timing
One number, 0 to 100, that answers a single question: is it meme season right now?
The Meme Season Score is a composite oscillator that condenses six different memecoin-cycle factors into one decision-relevant signal. Instead of staring at half a dozen separate dominance and market-cap charts trying to interpret what the data is saying together, you get a single weighted reading and a climate label.
▸ WHY THIS INDICATOR EXISTS
Existing memecoin tools on TradingView each do one narrow thing: one plots a meme dominance ratio, one shows Z-scores of individual coins, one is an EMA crossover on a single sector index. None of them blend multiple cycle factors into a single comparable score.
Generic "altseason indices" treat all alts as a homogeneous block — they cannot tell you whether memecoins specifically are leading or lagging the broader alt rotation. Memecoins behave differently from L1s, DeFi, or RWAs. They need their own framework.
This script is that framework: six factors, all relevant to memecoin cycle behavior, all weighted by their historical importance, all blended into one number you can act on.
▸ METHODOLOGY
Each of the six input factors is first converted to a rate-of-change over a rolling momentum window (default: 14 bars). That ROC is then converted to a percentile rank within a longer normalization window (default: 180 bars), giving a 0–100 score that reflects "where does today's reading sit within the recent distribution."
Inverse factors (where falling values are bullish for memes) have their percentile rank flipped before contributing to the composite.
The six factors and default weights:
• MEME.D trend — 25% — meme sector dominance rising = bullish
• MEME.C momentum — 20% — meme sector market cap accelerating = bullish
• BTC.D inverse — 20% — BTC dominance falling = capital rotating to alts
• OTHERS.D trend — 15% — altcoin dominance rising = risk-on environment
• STABLE.C inverse — 10% — stablecoin cap declining = stables being deployed
• MEME.C/TOTAL acceleration — 10% — meme share growing faster than market
All weights are user-adjustable in the inputs and are auto-normalized, so they don't have to sum to 100.
Note: MEME.D is not currently a native CRYPTOCAP ticker on TradingView, so it is derived as MEME.C / TOTAL × 100 inside the script.
▸ CLIMATE ZONES
The score is divided into five regimes, each with its own color and emoji label that appears on the chart:
• 0–20 ❄️ Meme Winter Capital fleeing memes (deep accumulation zone)
• 20–40 🌧️ Cool Mixed signals — selective plays only
• 40–60 ☀️ Warming Up Rotation beginning — early meme season
• 60–80 🔥 Meme Season Active Broad memecoin pumps — high conviction window
• 80–100 🚀 Peak Mania Extreme readings — historically precedes retracements
The main score line shifts color as it crosses zone boundaries. Background of the pane tints faintly with the current zone color (toggleable). A label on the last bar shows the live score and zone name.
▸ HOW TO READ IT
• Score above its 50-period EMA = momentum is strengthening
• Score below its 50-period EMA = momentum is weakening
• Cross above 60 = season conditions activating
• Cross above 80 = extreme conditions, historical risk zone
• Cross below 40 = season cooling off
• Cross below 20 = winter conditions, sentiment capitulation
The 50-EMA line is the slower trend reference; the colored line is the live signal. Watching their relationship is often more useful than watching either one alone.
▸ HOW TO USE IT
The script pulls all of its data from CRYPTOCAP indices via request.security, so the chart symbol does not affect the calculation. Putting it on CRYPTOCAP:MEME.C on the Daily timeframe gives the cleanest visual context (price chart of the meme sector above, score sub-pane below) but you can use any chart.
The default calculation timeframe is Daily, which is appropriate for cycle-level analysis. The score will show the same Daily-derived value regardless of what chart timeframe you are viewing.
▸ INPUT SETTINGS
Calculation Settings:
• Calculation Timeframe (default: Daily)
• Momentum Lookback in bars (default: 14)
• Normalization Lookback in bars (default: 180)
• Score Smoothing EMA (default: 3 — set to 1 for raw unsmoothed score)
Factor Weights — all six factor weights are individually adjustable from 0 to 100. Weights are auto-normalized so any combination is valid.
Display Options:
• Toggle the 50-period EMA of the score
• Toggle the floating score label
• Toggle the background climate tint
• Label size (small / normal / large / huge — use huge for screenshots)
▸ BUILT-IN ALERTS
Four alert conditions are defined and can be activated through the standard Add Alert dialog:
• 🔥 Meme Season Starting (score crosses above 60)
• 🚀 Peak Mania Warning (score crosses above 80)
• ☁️ Meme Season Ending (score crosses below 40)
• ❄️ Meme Winter (score crosses below 20)
▸ LIMITATIONS AND HONEST CAVEATS
• This is a contextual/regime tool, not a predictive one. The score tells you the current state of the meme cycle based on factors that have historically mattered. It does not predict future prices or guarantee any outcome.
• Percentile rank is by definition backward-looking. The score reflects how today's momentum compares to the recent past, not where prices are going.
• With default settings, the script needs roughly 194 daily bars of valid CRYPTOCAP data to warm up before producing a meaningful score (14-bar ROC plus 180-bar percentile window). MEME.C history begins in early 2024, so this is not a constraint for current charts.
• Memecoin market structure changes quickly. Tokens that drove the sector last cycle may be irrelevant in the next. The score works at the sector level and is robust to individual token churn, but it cannot tell you which specific memecoin to buy.
• Factor weights are calibrated to behavior observed in available CRYPTOCAP history. If the underlying market structure shifts substantially, weights may need adjustment.
▸ TECHNICAL NOTES
• Pine Script v6
• Open-source under the Mozilla Public License 2.0
• Uses 5 request.security calls (well below the 40-call limit), all to official CRYPTOCAP indices
• No repainting — all calculations use confirmed bar close values from the requested timeframe
▸ DISCLAIMER
For educational and informational purposes only. This script is a market analysis tool, not financial advice. Nothing here constitutes a recommendation to buy or sell any asset. Past behavior of the score in historical data is not a guarantee of future behavior. Cryptocurrency markets, and memecoin markets in particular, are highly volatile and can result in substantial losses. Always do your own research and trade with risk you can afford to lose.
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BTC - Satoshis Altcoin Graveyard OVERVIEW
The Satoshi's Altcoin Graveyard (SAG) is a macro-statistical engine designed to solve the problem of Survivorship Bias . It is a well-known phenomenon in the crypto markets that the "Top 10" list is in a constant state of flux. If you look at historical data from CoinMarketCap (CMC) year by year, you will see a revolving door of projects that once seemed "too big to fail" disappearing into obscurity. Meanwhile, Bitcoin has remained the undisputed #1 since inception.
While most traders have a "gut feeling" that Altcoins eventually depreciate against Bitcoin, I believe in measuring it and drawing it on a chart for better visibility. By locking in specific "Cohorts" of market leaders from the past, we can track their inevitable decay through the Satoshi Sieve .
THE 13-COIN STATISTICAL BUCKET
To ensure an objective, non-biased audit, each cohort (we look at 2018, 2020 and 2022) is constructed using a fixed market-cap methodology from the snapshot date (excluding stablecoins):
• The Core: The Top 10 non-stablecoin assets at that time by Marketcap.
• The Risk Alpha: Representative samples from the Top #25, #50, and #100 ranks. (By including lower-ranked "riskier" alts, we capture the full statistical decay of the market, not just the "Blue Chips.")
TECHNICAL ARCHITECTURE
This script is engineered to push the boundaries of the Pine Script engine. TradingView enforces a hard limit of 40 unique data requests . By tracking 3 cohorts of 13 assets plus the Bitcoin base, this indicator utilizes exactly 40/40 requests , providing the maximum possible data density in a single chart window.
THE SPS CONCEPT (Survival Probability Score)
The SPS measures the Breadth of Survival . It answers: "How many coins from this year (the year of the snapshot) are actually outperforming BTC?"
We use a binary logic system to determine if a coin is "Winning" or "Losing" against the only benchmark that matters: Bitcoin.
• The Status Formula: Status = Current_Alt_BTC_Ratio >= Entry_Alt_BTC_Ratio ? 1 : 0 . This means: Every single day, at the Daily Close , the script compares the current Alt/BTC ratio to the fixed ratio from the snapshot date. If the coin is worth more in Bitcoin today than it was back then, it is assigned a "1" (a Win). If it has lost value against Bitcoin, it gets a "0" (a Loss).
• The SPS Line: SPS Line = (Sum of 'Wins' / 13) * 100 This means: We add up all the "Winners" for that specific day and turn it into a percentage. For example, if the Aqua line is at 7.69% on your chart, it confirms that on that day , exactly 1 out of the 13 coins was successfully beating Bitcoin, while the other 12 were underperforming.
THE PERFORMANCE MATRIX
In the top-right corner, we provide a Weighted Portfolio Simulation . This answers the financial question: "If I swapped 1 BTC into an equal-weight basket of these 13 coins on the snapshot day, what is my BTC value today?".
• Value < 1.0 BTC: You lost purchasing power compared to holding Bitcoin.
• Value > 1.0 BTC: You successfully achieved "Alpha" over the benchmark.
HOW TO READ THE CHART
• The Waterfall: Lines generally trend downward as the "Satoshi Sieve" filters out assets that cannot maintain their BTC-relative value.
• Dynamic Winners: We dynamically print the names of the current survivors at the tip of each line. If a cohort shows "None," the graveyard is full.
HOW TO READ THE MATRIX
• The BTC Target: Any portfolio value in the matrix below 1.0 BTC represents a failed altcoin rotation.
• Class of 2018: A portfolio value near 0.15 BTC at the current date, means a 85% loss rate.
• Class of 2020: A portfolio value near 0.77 BTC at the current date, means an approx 20 % loss rate.
• Class of 2022: A portfolio value near 0.31 BTC at the current date, means an approx 70% loss rate.
DIFFERENCE FROM AN ALTCOIN INDEX
Standard Altcoin Indexes (like my ALSI Index ) "rebalance" by removing losers and adding new winners. This is deceptive. The Altcoin Graveyard never rebalances . It forces you to watch the "losers" decay, providing a realistic look at the long-term opportunity cost of "Buy and Hold" for anything other than Bitcoin.
CONCLUSION
The data revealed by the Satoshi Sieve leads to a singular, sobering "Lesson Learned": Picking the right coin to outperform Bitcoin is not just difficult—it is statistically improbable over a long-term horizon.
While the "Risk-Reward" of altcoins is often marketed as having higher upside, the Altcoin Graveyard proves that for the vast majority of assets, the reward does not justify the risk of total portfolio erosion in BTC terms.
• The Mathematical Odds: If you picked a Top 10 coin in 2018, your chance of outperforming BTC today is effectively 0%.
• The Rotation Trap: Most investors "HODL" these assets into the graveyard, hoping for a return to previous ATHs that never comes because the liquidity has already moved on to the next "Class" of winners.
The final conclusion is clear: Diversification into altcoins is often just a slow-motion transfer of wealth back to Bitcoin. If you cannot identify the 1-out-of-13 that survives the Sieve, your best risk-adjusted move has historically been to simply hold the benchmark.
DISCLAIMER
This script is for educational purposes only. It does not constitute financial advice. It is a mathematical study of historical opportunity cost and survivorship bias.
Tags
bitcoin, btc, satoshis graveyard, altseason, dominance, total3, rotation, cycle, index, alsi, Rob Maths, robmaths
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Crypto Breadth Engine [alex975]
A normalized crypto market breadth indicator with a customizable 40 coin input panel — revealing whether rallies are broad and healthy across major coins and altcoins or led by only a few.
📊 Overview
The Crypto Breadth Engine measures the real participation strength of the crypto market by analyzing the direction of the 40 largest cryptocurrencies by market capitalization.
⚙️ How It Works
Unlike standard breadth tools that only count assets above a moving average, this indicator measures actual price direction:
+1 if a coin closes higher, –1 if lower, 0 if unchanged.
The total forms a Breadth Line, statistically normalized using standard deviation to maintain consistent readings across timeframes and volatility conditions.
🧩 Dynamic Input Mask
All 40 cryptocurrencies are fully editable via the input panel, allowing users to easily replace or customize the basket (Top 40, Layer-1s, DeFi, Meme Coins, AI Tokens, etc.) without touching the code.
This flexibility keeps the indicator aligned with the evolving crypto market.
🧭 Trend Bias
The indicator classifies market structure as Bullish, Neutral, or Bearish, based on how the Breadth Line aligns with its moving averages (10, 20, 50).
💡 Dashboard
A compact on-chart table displays in real time:
• Positive and negative coins
• Participation percentage
• Current trend bias
🔍 Interpretation
• Rising breadth → broad, healthy market expansion
• Falling breadth → narrowing participation and structural weakness
Ideal for TOTAL, TOTAL3, or custom crypto baskets on 1D,1W.
Developed by alex975 – Version 1.0 (2025).
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🇮🇹 Versione Italiana
📊 Panoramica
Il Crypto Breadth Engine misura la partecipazione reale del mercato crypto, analizzando la direzione delle 40 principali criptovalute per capitalizzazione.
Non si limita a contare quante coin sono sopra una media mobile, ma calcola la variazione effettiva del prezzo:
+1 se sale, –1 se scende, 0 se invariato.
La somma genera una Breadth Line normalizzata statisticamente, garantendo letture coerenti su diversi timeframe e fasi di volatilità.
🧩 Mascherina dinamica
L’indicatore include una mascherina d’input interattiva che consente di modificare o sostituire liberamente i 40 ticker analizzati (Top 40, Layer-1, DeFi, Meme Coin, ecc.) senza intervenire nel codice.
Questo lo rende sempre aggiornato e adattabile all’evoluzione del mercato crypto.
⚙️ Funzionamento e Trend Bias
Classifica automaticamente il mercato come Bullish, Neutral o Bearish in base alla relazione tra la breadth e le medie mobili (10, 20, 50 periodi).
💡 Dashboard
Una tabella compatta mostra in tempo reale:
• Numero di coin positive e negative
• Percentuale di partecipazione
• Stato attuale del trend
🔍 Interpretazione
• Breadth in crescita → mercato ampio e trend sano
• Breadth in calo → partecipazione ridotta e concentrazione su pochi asset
Ideale per analizzare TOTAL, TOTAL3 o panieri personalizzati di crypto.
Funziona su timeframe 1D, 4H, 1W.
Sviluppato da alex975 – Versione 1.0 (2025).
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AltCoin & MemeCoin Index Correlation [Eddie_Bitcoin]🧠 Philosophy of the Strategy
The AltCoin & MemeCoin Index Correlation Strategy by Eddie_Bitcoin is a carefully engineered trend-following system built specifically for the highly volatile and sentiment-driven world of altcoins and memecoins.
This strategy recognizes that crypto markets—especially niche sectors like memecoins—are not only influenced by individual price action but also by the relative strength or weakness of their broader sector. Hence, it attempts to improve the reliability of trading signals by requiring alignment between a specific coin’s trend and its sector-wide index trend.
Rather than treating each crypto asset in isolation, this strategy dynamically incorporates real-time dominance metrics from custom indices (OTHERS.D and MEME.D) and combines them with local price action through dual exponential moving average (EMA) crossovers. Only when both the asset and its sector are moving in the same direction does it allow for trade entries—making it a confluence-based system rather than a single-signal strategy.
It supports risk-aware capital allocation, partial exits, configurable stop loss and take profit levels, and a scalable equity-compounding model.
✅ Why did I choose OTHERS.D and MEME.D as reference indices?
I selected OTHERS.D and MEME.D because they offer a sector-focused view of crypto market dynamics, especially relevant when trading altcoins and memecoins.
🔹 OTHERS.D tracks the market dominance of all cryptocurrencies outside the top 10 by market cap.
This excludes not only BTC and ETH, but also major stablecoins like USDT and USDC, making it a cleaner indicator of risk appetite across true altcoins.
🔹 This is particularly useful for detecting "Altcoin Season"—periods where capital rotates away from Bitcoin and flows into smaller-cap coins.
A rising OTHERS.D often signals the start of broader altcoin rallies.
🔹 MEME.D, on the other hand, captures the speculative behavior of memecoin segments, which are often driven by retail hype and social media activity.
It's perfect for timing momentum shifts in high-risk, high-reward tokens.
By using these indices, the strategy aligns entries with broader sector trends, filtering out noise and increasing the probability of catching true directional moves, especially in phases of capital rotation and altcoin risk-on behavior.
📐 How It Works — Core Logic and Execution Model
At its heart, this strategy employs dual EMA crossover detection—one pair for the asset being traded and one pair for the selected market index.
A trade is only executed when both EMA crossovers agree on the direction. For example:
Long Entry: Coin's fast EMA > slow EMA and Index's fast EMA > slow EMA
Short Entry: Coin's fast EMA < slow EMA and Index's fast EMA < slow EMA
You can disable the index filter and trade solely based on the asset’s trend just to make a comparison and see if improves a classic EMA crossover strategy.
Additionally, the strategy includes:
- Adaptive position sizing, based on fixed capital or current equity (compound mode)
- Take Profit and Stop Loss in percentage terms
- Smart partial exits when trend momentum fades
- Date filtering for precise backtesting over specific timeframes
- Real-time performance stats, equity tracking, and visual cues on chart
⚙️ Parameters & Customization
🔁 EMA Settings
Each EMA pair is customizable:
Coin Fast EMA: Default = 47
Coin Slow EMA: Default = 50
Index Fast EMA: Default = 47
Index Slow EMA: Default = 50
These control the sensitivity of the trend detection. A wider spread gives smoother, slower entries; a narrower spread makes it more responsive.
🧭 Index Reference
The correlation mechanism uses CryptoCap sector dominance indexes:
OTHERS.D: Dominance of all coins EXCLUDING Top 10 ones
MEME.D: Dominance of all Meme coins
These are dynamically calculated using:
OTHERS_D = OTHERS_cap / TOTAL_cap * 100
MEME_D = MEME_cap / TOTAL_cap * 100
You can select:
Reference Index: OTHERS.D or MEME.D
Or disable the index reference completely (Don't Use Index Reference)
💰 Position Sizing & Risk Management
Two capital allocation models are supported:
- Fixed % of initial capital (default)
- Compound profits, which scales positions as equity grows
Settings:
- Compound profits?: true/false
- % of equity: Between 1% and 200% (default = 10%)
This is critical for users who want to balance growth with risk.
🎯 Take Profit / Stop Loss
Customizable thresholds determine automatic exits:
- TakeProfit: Default = 99999 (disabled)
- StopLoss: Default = 5 (%)
These exits are percentage-based and operate off the entry price vs. current close.
📉 Trend Weakening Exit (Scale Out)
If the position is in profit but the trend weakens (e.g., EMA color signals trend loss), the strategy can partially close a configurable portion of the position:
- Scale Position on Weak Trend?: true/false
- Scaled Percentage: % to close (default = 65%)
This feature is useful for preserving profits without exiting completely.
📆 Date Filter
Useful for segmenting performance over specific timeframes (e.g., bull vs bear markets):
- Filter Date Range of Backtest: ON/OFF
- Start Date and End Date: Custom time range
OTHER PARAMETERS EXPLANATION (Strategy "Properties" Tab):
- Initial Capital is set to 100 USD
- Commission is set to 0.055% (The ones I have on Bybit)
- Slippage is set to 3 ticks
- Margin (short and long) are set to 0.001% to avoid "overspending" your initial capital allocation
📊 Visual Feedback and Debug Tools
📈 EMA Trend Visualization
The slow EMA line is dynamically color-coded to visually display the alignment between the asset trend and the index trend:
Lime: Coin and index both bullish
Teal: Only coin bullish
Maroon: Only index bullish
Red: Both bearish
This allows for immediate visual confirmation of current trend strength.
💬 Real-Time PnL Labels
When a trade closes, a label shows:
Previous trade return in % (first value is the effective PL)
Green background for profit, Red for losses.
📑 Summary Table Overlay
This table appears in a corner of the chart (user-defined) and shows live performance data including:
Trade direction (yellow long, purple short)
Emojis: 💚 for current profit, 😡 for current loss
Total number of trades
Win rate
Max drawdown
Duration in days
Current trade profit/loss (absolute and %)
Cumulative PnL (absolute and %)
APR (Annualized Percentage Return)
Each metric is color-coded:
Green for strong results
Yellow/orange for average
Red/maroon for poor performance
You can select where this appears:
Top Left
Top Right
Bottom Left
Bottom Right (default)
📚 Interpretation of Key Metrics
Equity Multiplier: How many times initial capital has grown (e.g., “1.75x”)
Net Profit: Total gains including open positions
Max Drawdown: Largest peak-to-valley drop in strategy equity
APR: Annualized return calculated based on equity growth and days elapsed
Win Rate: % of profitable trades
PnL %: Percentage profit on the most recent trade
🧠 Advanced Logic & Safety Features
🛑 “Don’t Re-Enter” Filter
If a trade is closed due to StopLoss without a confirmed reversal, the strategy avoids re-entering in that same direction until conditions improve. This prevents false reversals and repetitive losses in sideways markets.
🧷 Equity Protection
No new trades are initiated if equity falls below initial_capital / 30. This avoids overleveraging or continuing to trade when capital preservation is critical.
Keep in mind that past results in no way guarantee future performance.
Eddie Bitcoin
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EMA 200 Monitor - Bybit CoinsEMA 200 Monitor - Bybit Coins
📊 OVERVIEW
The EMA 200 Monitor - Bybit Coins is an advanced indicator that automatically monitors 30 of the top cryptocurrencies traded on Bybit, alerting you when they are close to the 200-period Exponential Moving Average on the 4-hour timeframe.
This indicator was developed especially for traders who use the EMA 200 as a key support/resistance level in their swing trading and position trading strategies.
🎯 WHAT IT'S FOR
Multi-Asset Monitoring: Simultaneous monitoring of 30 cryptocurrencies without having to switch between charts
Opportunity Identification: Detects when coins are approaching the 200 EMA, a crucial technical level
Automated Alerts: Real-time notifications when a coin reaches the configured proximity
Time Efficiency: Eliminates the need to manually check chart collections
⚙️ HOW IT WORKS
Main Functionality
The indicator uses the request.security() function to fetch price data and calculate the 200 EMA of each monitored asset. With each new bar, the script:
Calculates the distance between the current price and the 200 EMA for each coin
Identifies proximity based on the configured percentage (default: 2%)
Displays results in a table organized on the chart
Generates automatic alerts when proximity is detected
Monitored Coins
Major : BTC, ETH, BNB, ADA, XRP, SOL, DOT, DOGE, AVAX
DeFi : UNI, LINK, ATOM, ICP, NEAR, OP, ARB, INJ
Memecoins : SHIB, PEPE, WIF, BONK, FLOKI
Emerging : SUI, TON, APT, POL (ex-MATIC)
📋 AVAILABLE SETTINGS
Adjustable Parameters
EMA Length (Default: 200): Exponential Moving Average Period
Proximity Percentage (Default: 2%): Distance in percentage to consider "close"
Show Table (Default: Active): Show/hide results table
Table Position: Position of the table on the chart (9 options available)
Color System
🔴 Red: Distance ≤ 1% (very close)
🟠 Orange: Distance ≤ 1.5% (close)
🟡 Yellow: Distance ≤ 2% (approaching)
🚀 HOW TO USE
Initial Configuration
Add the indicator to the 4-hour timeframe chart
Set the parameters according to your strategy
Position the table where there is no graphic preference
Setting Alerts
Click "Create Alert" in TradingView
Select the "EMA 200 Monitor" indicator
Set the notification frequency and method
Activate the alert to receive automatic notifications
Results Interpretation
The table shows:
Coin: Asset name (e.g. BTC, ETH)
Price: Current currency quote
EMA 200: Current value of the moving average
Distance: Percentage of proximity to the core code
💡 STRATEGIES TO USE
Reversal Trading
Entry: When price touches or approaches the EMA 200
Stop: Below/above the EMA with a safety margin
Target: Previous resistance/support levels
Breakout Trading
Monitoring: Watch for currencies consolidating near the EMA 200
Entry: When the media is finally broken
Confirmation: Volume and close above/below the EMA
Swing Trading
Identification: Use the monitor to detect setups in formation
Timing: Wait for the EMA 200 to approach for detailed analysis
Management: Use the EMA as a reference for stops dynamics
⚠️ IMPORTANT CONSIDERATIONS
Technical Limitations
Request Bybit data: Access to exchange symbols required
Specific timeframe: Optimized for 4-hour analysis
Minimum delay: Data updated with each new bar
Usage Recommendations
Combine with technical analysis: Use together with other indicators
Confirm the configuration: Check the graphic patterns before trading
Manage risk: Always use stop loss and adequate position sizing
Backtesting: Test your strategy before applying with real capital
Disclaimer
This indicator is a technical analysis tool and does not constitute investment advice. Always do your own analysis and manage detailed information about the risks of your operations.
🔧 TECHNICAL INFORMATION
Pine Script version: v6
Type: Indicator (overlay=true)
Compatibility: All TradingView plans
Resources used: request.security(), arrays, tables
Performance: Optimized for multiple simultaneous queries
📈 COMPETITIVE ADVANTAGES
✅ Simultaneous monitoring of 30 major assets ✅ Clear visual interface with intuitive core system ✅ Customizable alerts for different details ✅ Optimized code for maximum performance ✅ Flexible configuration adaptable to different strategies ✅ Real-time update without the need for manual refresh
Developed for traders who value efficiency and accuracy in identifying market opportunities based on the EMA 20 指标
ZenAlgo - DominatorThis indicator provides a structured multi-ticker overview of market momentum and relative strength by analyzing short-term price behavior across selected assets in comparison with broader crypto dominance and Bitcoin/ETH performance.
Ticker and Market Data Handling
The script accepts up to 9 user-defined symbols (tickers) along with BTCUSD and ETHUSD. For each symbol:
It retrieves the current price.
It also requests the daily opening price from the "D" timeframe to compute intraday percentage change.
For BTC, ETH, and dominance (sum of BTC, USDT, and USDC dominance), daily change is calculated using this same method.
This comparison enables tracking relative performance from the daily open, which provides meaningful insight into intraday strength or weakness among different assets.
Dominance Logic
The indicator aggregates dominance data from BTC , USDT , and USDC using TradingView’s CRYPTOCAP indices. This combined dominance is used as a reference in directional and status calculations. ETH dominance is also analyzed independently.
Changes in dominance are used to infer whether market attention is shifting toward Bitcoin/stablecoins (typically indicating risk-off sentiment) or away from them (typically risk-on behavior, benefiting altcoins).
Price Direction Estimation
The script estimates directional bias using an EMA-based deviation technique:
A short EMA (user-defined lookback , default 4 bars) is calculated.
The current close is compared to the EMA to assess directional bias.
Recent candle changes are also inspected to confirm a consistent short-term trend (e.g., 3 consecutive higher closes for "up").
A small threshold is used to avoid classifying flat movements as trends.
This directionality logic is applied separately to:
The selected ticker's price
BTC price
Combined dominance
This allows the script to contextualize the movement of each asset within broader market conditions.
Market Status Evaluation
A custom function analyzes ETH and BTC dominance trends along with their relative strength to define the overall market regime:
Altseason is identified when BTC dominance is declining, ETH dominance rising, and ETH outperforms BTC.
BTC Season occurs when BTC dominance is rising, ETH dominance falling, and BTC outperforms ETH.
If neither condition is met, the state is Neutral .
This classification is shown alongside each ticker's row in the table and helps traders assess whether market conditions favor Bitcoin, Ethereum, or altcoins in general.
Ticker Status Classification
Each ticker is analyzed independently using the earlier directional logic. Its status is then determined as follows:
Full Bull : Ticker is trending up while dominance is declining or BTC is also rising.
Bullish : Ticker is trending up but not supported by broader bullish context.
Bearish : Ticker is trending down but without broader confirmation.
Full Bear : Ticker is trending down while dominance rises or BTC falls.
Neutral : No strong directional bias or conflicting context.
This classification reflects short-term momentum and macro alignment and is color-coded in the results table.
Table Display and Plotting
A configurable table is shown on the chart, which:
Displays the name and status of each selected ticker.
Optionally includes BTC, ETH, and market state.
Uses color-coding for intuitive interpretation.
Additionally, price changes from the daily open are plotted for each selected ticker, BTC, ETH, and combined dominance. These values are also labeled directly on the chart.
Labeling and UX Enhancements
Labels next to the current candle display price and percent change for each active ticker and for BTC, ETH, and combined dominance.
Labels update each bar, and old labels are deleted to avoid clutter.
Ticker names are dynamically shortened by stripping exchange prefixes.
How to Use This Indicator
This tool helps traders:
Spot early rotations between Bitcoin and altcoins.
Identify intraday momentum leaders or laggards.
Monitor which tickers align with or diverge from broader market trends.
Detect possible sentiment shifts based on dominance trends.
It is best used on lower to mid timeframes (15m–4h) to capture intraday to short-term shifts. Users should cross-reference with longer-term trend tools or structural indicators when making directional decisions.
Interpretation of Values
% Change : Measures intraday move from daily open. Strong positive/negative values may indicate breakouts or reversals.
Status : Describes directional strength relative to market conditions.
Market State : Gives a general bias toward BTC dominance, ETH strength, or altcoin momentum.
Limitations & Considerations
The indicator does not analyze liquidity or volume directly.
All logic is based on short-term movements and may produce false signals in ranging or low-volume environments.
Dominance calculations rely on external CRYPTOCAP indices, which may differ from exchange-specific flows.
Added Value Over Other Free Tools
Unlike basic % change tables or price overlays, this indicator:
Integrates dominance-based macro context into ticker evaluation.
Dynamically classifies market regimes (BTC season / Altseason).
Uses multi-factor logic to determine ticker bias, avoiding single-metric interpretation.
Displays consolidated information in a table and chart overlays for rapid assessment.
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Regime Filter IndicatorRegime Filter – Crypto Market Trend Indicator
📊 Overview
The Regime Filter is a powerful market analysis indicator designed specifically for crypto trading. It helps traders identify whether the market is in a bullish or bearish phase by analyzing key assets in the cryptocurrency market, including Bitcoin (BTC), Bitcoin Dominance (BTC.D), and the Altcoin Market (TOTAL3). The indicator compares these assets against their respective Simple Moving Averages (SMA) to determine the overall market regime, allowing traders to make more informed decisions.
🔍 How It Works
The Regime Filter evaluates three main components to determine the market's sentiment:
1. BTC Dominance (BTC.D) vs. 40 SMA (Medium Timeframe)
The Bitcoin Dominance (BTC.D) is compared to its 40-period SMA on a mid-timeframe (e.g.,
1-hour). If BTC.D is below the 40 SMA, it indicates that altcoins are performing well relative
to Bitcoin, suggesting a bullish altcoin market. If BTC.D is above the 40 SMA, Bitcoin is
gaining dominance, indicating a potential bearish phase for altcoins.
2. TOTAL3 Market Cap vs. 100 SMA (Medium Timeframe)
The TOTAL3 index, which tracks the total market capitalization of all cryptocurrencies except
Bitcoin and Ethereum, is compared to its 100-period SMA. A bullish signal occurs when TOTAL3
is above the 100 SMA, indicating strength in altcoins, while a bearish signal occurs when
TOTAL3 is below the 100 SMA, signaling a potential weakness in the altcoin market.
3. BTC Price vs. 200 SMA (Higher Timeframe)
The current Bitcoin price is compared to its 200-period Simple Moving Average (SMA) on a
higher timeframe (e.g., 4-hour). A bullish signal is given when the BTC price is above the 200
SMA, and a bearish signal when it's below.
🟢 Bullish Market Conditions
The market is considered bullish when:
- BTC Dominance (BTC.D) is below the 40 SMA, suggesting altcoins are gaining momentum.
- TOTAL3 Market Cap is above the 100 SMA, signaling strength in the altcoin market.
- BTC price is above the 200 SMA, indicating an uptrend in Bitcoin.
In these conditions, the background turns green 🟢, and a "Bullish" label is displayed on the chart.
🔴 Bearish Market Conditions
The market is considered bearish when:
- BTC Dominance (BTC.D) is above the 40 SMA, indicating Bitcoin is outperforming altcoins.
- TOTAL3 Market Cap is below the 100 SMA, signaling weakness in altcoins.
- BTC price is below the 200 SMA, indicating a downtrend in Bitcoin.
In these conditions, the background turns red 🔴, and a "Bearish" label appears on the chart.
⚙ Customization Options
- The Regime Filter offers flexibility for traders:
- Enable or Disable Specific SMAs: Customize the indicator by enabling or disabling the 200 SMA for Bitcoin, the 40 SMA for BTC Dominance, and the 100 SMA for TOTAL3.
- Adjust Timeframes: Choose the timeframes for each of the moving averages to suit your preferred trading strategy.
- Real-Time Data Adjustments: The indicator updates in real-time to reflect current market conditions, ensuring timely analysis.
📈 Best Use Cases
- Trend Confirmation: The Regime Filter is ideal for confirming the market's overall trend,
helping traders to align their positions with the dominant market sentiment.
- Trade Entry/Exit Signals: Use the indicator to identify favorable entry or exit points based on
whether the market is in a bullish or bearish phase.
- Market Overview: Gain a quick understanding of the broader crypto market, with a focus on
Bitcoin and altcoins, to make more strategic decisions.
⚠️ Important Notes
Trend-Following Indicator: The Regime Filter is a trend-following tool, meaning it works best in strong trending markets. It may not perform well in choppy, sideways markets.
Risk Management: This indicator is designed to assist in identifying market trends, but it does not guarantee profits. Always apply sound risk management strategies and use additional indicators when making trading decisions.
Not a Profit Guarantee: While this indicator can help identify potential market trends, no trading tool or strategy guarantees profits. Please trade responsibly and ensure that your decisions are based on comprehensive analysis and risk tolerance.
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Altcoin Total Average Divergence (YavuzAkbay)The "Average Price and Divergence" indicator is a strong tool built exclusively for cryptocurrency traders who understand the significance of comparing altcoins to Bitcoin (BTC). While traditional research frequently focusses on the value of cryptocurrencies against fiat currencies such as the US dollar, this indicator switches the focus to the value of altcoins against Bitcoin itself, allowing you to detect potential market opportunities and divergences.
The indicator allows you to compare the price of an altcoin to Bitcoin (e.g., ETHBTC, SOLBTC), which is critical for determining how well an altcoin performs against the main cryptocurrency. This is especially important for investors who expect Bitcoin's price will continue to rise logarithmically and want to ensure that their altcoin holdings retain or expand in market capitalisation compared to Bitcoin.
The indicator computes the average price of the chosen cryptocurrency relative to Bitcoin over the viewable portion of the chart. This average acts as a benchmark, indicating the normal value around which the altcoin's price moves.
The primary objective of this indicator is to calculate and plot the divergence, which is the difference between the altcoin's current price relative to Bitcoin and its average value. This divergence can reveal probable overbought or oversold conditions, allowing traders to make better decisions about entry and exit points.
The divergence is represented as a histogram, with bars representing the magnitude of the difference between the current and average prices. Positive values indicate that the altcoin is trading above its average value in comparison to Bitcoin, whereas negative values indicate that it is trading below its average.
The indicator automatically adjusts to the chart's visible range, ensuring that the average price and divergence are always calculated using the most relevant data. This makes the indicator extremely sensitive to changes in the chart view and market conditions.
How to Use:
A significant positive divergence may imply that the cryptocurrency is overbought in comparison to Bitcoin and is headed for a correction. A significant negative divergence, on the other hand, may indicate that the cryptocurrency has been oversold and is cheap in comparison to Bitcoin.
Tracking how an altcoin's price deviates from its average relative to Bitcoin can provide insights about the market's opinion towards that altcoin. Persistent positive divergence may suggest high market confidence, whilst constant negative divergence may imply a lack of interest or eroding fundamentals.
Use divergence data to better time your trades, either by entering when a cryptocurrency is discounted in comparison to its average (negative divergence) or departing when it is overpriced (positive divergence). This allows you to capture value as the price returns to its mean.
Ideal For:
Cryptocurrency Traders who want to understand how altcoins are performing relative to Bitcoin rather than just against fiat currencies.
Long-term Investors looking to ensure their altcoin investments are maintaining or growing their value relative to Bitcoin.
Market Analysts interested in identifying potential reversals or continuations in altcoin prices based on divergence from their average value relative to Bitcoin.
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Altcoin ManagerThe Altcoin Manager is a comprehensive script for identifying the current altcoin narrative by tracking and analyzing of a wide array of altcoins across various blockchain layers and categories, such as DeFi, GameFi, AI, and Meme coins. Ideal for traders looking to get a broad yet detailed view of the altcoin market, covering various sectors and chains.
The Key Features:
Versatile Asset Tracking:
Tracks 40 different cryptocurrencies (as of publishing) across different categories, allowing for a diversified and detailed analysis of the altcoin market.
Customizable Assets and Category Analysis:
Select 20 of your own coins across 4 different categories such as DeFi, GameFi, AI, and Meme coins as well as specifying their individual chains.
Dynamic Layer and Chain Analysis:
Includes options to plot and analyze specific blockchain layers and chains such as Ethereum Chain, Solana Chain, BNB Smart Chain, Arbitrum Chain, and Polygon Chain. The script associates various assets with specific blockchains, providing a clearer picture of how different segments of the altcoin market are performing.
Cumulative and Per-Candle Change:
Switch between viewing the total cumulative change since a set start date or the per-candle change, offering flexibility in analyzing price movements over different timeframes.
Denomination Adjustment:
Includes a functionality to denominate asset prices in other currencies or crypto such as BTC, allowing for a more tailored financial analysis according to your preference.
Moving Averages for Categories and Chains:
Calculates and plots moving averages for each category and chain, aiding in the identification of trends over the selected moving average length.
How do I use it?
This script is not used with any particular chart. Instead, assign it it's own tab and layout.
For a clearer analysis, use multiple different panels to track Categories and Chains separately, both Cumulative for a longer term analysis and Per-Candle to find ongoing breakouts and changes in trend.
You can either use the pre-selected altcoins to represent the market, or you can select your own.
The Layer 1 and Layer 2 are not customizable but consists of 15 popular Layer 1 incl Bitcoin, Ethereum, Solana etc. Layer 2 consists of 5 popular Layer 2. 指标
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Degen Dominator - (Crypto Dominance Tool) - [mutantdog]A fairly simple one this time. Another crypto dominance tool, consider it a sequel to Dominion if you will. Ready to go out-of-the-box with a selection of presets at hand.
The premise is straightforward, rather than viewing the various marketcap dominance indexes as their standard percentage values, here we have them represented as basic oscillators. This allows for multiple indexes to be viewed in one pane and gives a decent overview of their relative changes and thus the flow of capital within the overall crypto market. As a general rule-of-thumb, when a plot is above zero then the dominance is climbing, thus capital is likely flowing in that direction. The inverse applies when below zero. When the market is quiet, all will be close to zero. Basic overbought/oversold conditions can also be inferred too.
Active as default are:
Bitcoin (0range): CRYPTOCAP:BTC.D
Ethereum (Blue): CRYPTOCAP:ETH.D
Stablecoins (Red): CRYPTOCAP:USDT.D + CRYPTOCAP:USDC.D
Altcoins (Green): 100 - (all of the above)
These are plotted according to the selected oscillator preset and it's length parameter. The default is set to 'EMA Centre'. An optional RMA(3) smoothing filter is also included and active as default. Each index plot has its own colour and opacity settings available on the main page.
Additionally, the following are also available (deactivated as default):
Total DeFi : CRYPTOCAP:TOTALDEFI.D
Current Symbol : Will try to match corresponding dominance index for the chart symbol if available.
Custom Input : Manual text input, will try to match if available.
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The included presets determine the oscillator type used, all are fairly simple and easy to interpret:
EMA Centre
SMA Centre
Median Centre
Midrange Centre
The first 4 are all variations on the same theme, simply calculated as the difference between the actual value and its respective average. EMA is the default and is my personal preference, if you generally favour using an SMA then perhaps that would be your better choice. Like the two MAs, median and midrange are also dependant on the length parameter. Midrange is calculated from the difference between highest and lowest values within the length period, with a little extra smoothing from an RMA(3).
Simple Delta
Weighted Delta
Running Delta
Often referred to as momentum, delta is just change over time. 'Simple' is the most basic of these, the difference between the current value and the value (length) bars prior. A more long-winded way of calculating this would be to take the difference between each bar and its previous then average them with an SMA which results in the same value. 'Weighted' adopts that principle but instead uses a WMA, likewise 'Running' is the same but using an RMA. The latter is actually the basis of RSI calculations before any normalisation is applied, as you can see in the next preset.
RSI
CMO
RSI really should not need explaining, it is however applied a little differently here to the usual, in this case centred around 0. The x100 multiplication factor has been dropped too for the sake of consistency. The same principle applies with CMO, which is basically a 'Simple Delta' version of RSI.
Hard Floor
Soft Floor
These last two are a little different but both can provide useful interpretations. The floor here is simply the lowest value within the chosen length period. 'Hard' plots the difference between the current value and the floor, thus giving a value that is always above 0. In this case, focus should be given to the relative heights of each with a simple interpretation that capital is flowing into those that are climbing and out of those descending. 'Soft' is essentially the same except that the floor is smoothed with an RMA(3), the result being that when new lows are made, the plot will break below 0 before the floor corrects a few bars later. This soft break provides additional information to that given by 'Hard' so is probably the more useful of the two.
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To finish it off, a bunch of preset alerts are included for the various 0 crossings.
So that just about covers everything then, all quite straightforward really. Future updates may include some extra stuff, the composition of the stablecoin index may change if necessary too. While this is not really a tweaker's tool like some of my other projects, there's still some room for experimentation here. The 'current' and 'custom' indexes can provide some useful data for compatible altcoins and the possibility to compare inter-related tokens (eg: Doge vs Shib). While i introduced this as a sort of sequel to Dominion, it is not intended as a replacement but more of a companion. This initially started as a feature intended for that one but it quickly grew into its own thing. Both the oscillator view here and the more traditional view have merits, i personally use this one primarily now but frequently refer to Dominion for confirmations etc.
That's it for now anyway. As always, feedback is welcome below. Enjoy!
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