This was a follower suggested script. This script compares the USDT and BTC relative prices of a particular altcoin traded on Binance by calculating it's USDT price comparative to BTC. This is a very simple calculation (ALT/USDT price divided by ALT/BTC price). From there, we simply subtract the BTC/USDT price from the ALT ration price and we can see if a coin...
This script utilized some new functions in Pine Script, which compares the correlation between the current symbol to a basket of crypto indexes that are listed on the FTX exchange. By tracking these indexes we can gauge the reaction across markets that have a different market cap. By that I mean we can have a better idea about where the money is flowing into a...
Use Compare alt coins to the "altcoin index", an average of a selection of alt coins. Above zero means the coin you are viewing is worth more than the index, indicating the possibility of overbought. Below zero indicating the opposite, a possibility of oversold. Press the cog icon to select which alt coins you want included in the index. Notes The coins in the...