Blockunity Market Index (BMI)

Easily visualize the global state of the financial markets with this indicator, which analyzes a multitude of assets in real time.

This indicator takes into account the state of 40 major Crypto, NASDAQ, SP500 or CAC40 market assets, depending on your choice in its parameters. It gives you the trend and strength of the market in the form of an index and a ratio. The oscillator’s high and low limits also help identify potential oversold or overbought zones.

Catatan Rilis:

• Index optimization by changing ETC to TOTAL2 and EOS to IOTA.
  

Catatan Rilis:

• Modification of the Ratio display value.
  

Catatan Rilis:

• New data table design. Moreover, it is now fully configurable.
  
• A few other design adjustments.
  

Catatan Rilis:

• Change of exchange for Arbitrum (ARB) from Binance to Coinbase.
  

Catatan Rilis:

• Smoothing ratio parameter reduced from 6 to 3. This parameter is now user-configurable.
  
• Some parameter values are now hidden for better readability.
  
• Added a version number at the end of parameters.
  

Catatan Rilis:

Addition of an alerting system. This alert can be activated by setting the condition "Blockunity Bullmarket Index (BBI)" and selecting "Any alert() function call". The alerts sent are as follows:

• Change in market trend.
  
• Monthly summary of market trend and index ratio.
  

Other updates:

• Correction of a symbol in the market trend calculation.
  

Catatan Rilis:

• Timeframe indication added to alert system.
  

Catatan Rilis:

• Bullmarket Index (BBI) and Stockmarket Index (BSI) merge to become Market Index (BMI)!
  
• Addition of tooltips and various design enhancements.
  
• Adjustment of basic parameters.