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!
Altseason
DashBoard Alt Season by KziHere is a Dashboard to have an overview of the Alt Season oportunity.
Multiple time frame (Month / Week / Daily /4H)
How to use it?
You have 4 columns
TOTAL Crypto / Btc dominance / Btc Price / Alt ?
The alt? column is the resulte of the price and dominance of btc + 1 point with the total crypto
BTC Dominance UP ? Yes = Négatif for ALTS
/// Btc Price UP ?= > Yes = Positif for ALTS
NO = super négatif for ALTS
No = Positif for ALTS
/// Btc Price UP ?= > Yes = super Positif for ALTS
NO = Neutral
The total market just smooth the total.
If Alt columm is Green= It's OK
If Alt columm is orange = carrefull
If Alt Columm is red = leave the alt
You have to considered that you look on the time frame where you want to trade.
The overtime frame help to understand the bigger view.
Hop you like it and give comment to help the évolutions.
Alts/USDT.D ratioThis indicator shows the ratio between USDT.D and OTHERS.D. The growth of USDT.D may be a sign of the beginning of the bear season.
Red cloud - bear season, green cloud - altseason
credit for @kduhyun for his ratio script and @boitoki for his package of various MAs
Dominion - Bitcoin Altcoin Dominance [mutantdog]A simple and easy reference tool displaying a plot of the market cap dominance values for several significant cryptocurrencies.
The most widely used of these is bitcoin dominance (the top indicator shown above) which calculates the total market cap of bitcoin in relation to the total cryptocurrency market cap, displayed as a percentage. This is commonly used by traders to assess the strength of bitcoin in relation to the broader crypto market; increasing values being indicative of larger bitcoin moves and decreasing values often indicative of potential altcoin cycles. Likewise, ethereum dominance (the bottom indicator shown above) is frequently used as a means to indicate the strength of ethereum in relation to the broader crypto market.
Included options for marketcap dominance values are:
Bitcoin : CRYPTOCAP:BTC.D
Ethereum : CRYPTOCAP:ETH.D
Total DeFi (a composite of multiple top defi tokens): CRYPTOCAP:TOTALDEFI.D
Stablecoins (shows the combined dominance values for usdt and usdc): CRYPTOCAP:USDT.D + CRYPTOCAP:USDC.D
Flippening (shows the difference between bitcoin and ethereum dominance values): CRYPTOCAP:BTC.D - CRYPTOCAP:ETH.D
When used in combination with each other, these can provide a good overview of the general flow of capital within the crypto market.
Additional functionality:
up to three optional moving averages with a choice of SMA, EMA, WMA and RMA for each.
multi timeframe selector
alert condition presets for various moving average crosses.
Please be aware that, while useful as reference, dominance calculations are known to repaint frequently. As such the use of this indicator and its alerts should require caution.
BTC Dominance TrendThis simple script applies the DMI/ADX (trend) indicator to the Bitcoin Dominance Index (BTC.D) to check whether BTC is increasing its dominance or not on that day. It is meant to be applied to altcoins on medium intervals. I put it together to test the following hypothesis: On days when BTC dominance is on the rise, altcoins are harder to take off, because Bitcoin is draining the lifeblood out of them, so caution is needed when opening trades.
Olive background means BTC dominance is rising on that day, purple that it is decreasing. White background means it is not moving significantly in any direction.
You can change the resolution (i.e. apply the DMI/ADX to a different BTC.D interval), just make sure to lower the threshold as well. I hope you find a good use for it! Beware if you try to incorporate it in your strategy, it uses higher timeframe data and hence is prone to repainting.
Crypto Scalper Divergence Macd Psar Ema 200This is a very efficient crypto scalper adapted to very short timeframes, however it can be optimized for other timeframes and assests as well.
Its components are
MACD
P SAR
EMA 200
Risk management
Rules for entry:
For short : we have an uptrend on PSAR , histogram is positive (divergence MACD) and close of a candle is below EMA 200
For long : we dont have an uptrend on PSAR, histogram is negative(divergence MACD) and close of a candle is above EMA 200
Rules for exit:
We exit when we either find a reverse condition than the entry one, or based on stop loss/take profit that are calculated on % movements of the price.
If you have any questions, let me know !
Altseason FinderTo know when to buy altcoins instead of bitcoin.
It is based on BTCUSD and BTC Dominance RSIs.
Other alts compensated capitalization [Peregringlk]DISCLAIMER: I'm not a native English speaker, so let me know please about mistakes in my wording.
Introduction
==========
This indicator (the middle one in the image) shows how the "others altcoins" (all altcoins except coins with high capitalization) are adding own value to its capitalization by removing BTC price changes. By "own value" I mean USD value gaining by actual buys in BTC markets beyong arbitrage effects of BTC price changes.
The main idea is that, if bitcoin has increased is value by 20%, and the other altcoins has increased its capitalization by 30%, the chart will only plot an increased of 10%. In other words, it will show its increased capitalization measured in BTC (the combined altcoin/BTC market is uptrending). Its purpose is to try to identify altseasons. A bit more concisely, the graph will only grow when both USD and BTC capitalization are growing. If any of them are going down, the graph will go down as well.
Rationale
========
- Altseasons are characterized by an incresed in BTC value of almost every altcoin during some period of time, although not all at once, but distributed over the altseason. For example, in the crazy altseason of Dec17/Jan18, almost every (low capitalized) altcoin increased its BTC value by a minimum of +300%, some at the beginning of the season, some at the end.
- When this happens, BTC loss capitalization dominance, but this also can happen if BTC is downtrending while altcoins are being bought in BTC markets but its USD value doesn't change too much. This happens when altcoins are uptrending in BTC price, but there are actually no gain of USD value because the BTC gain in value is not enough to compensate the BTC fall in price. Since BTC is losing USD price, but altcoins are not, dominance falls. So, looking at BTC dominance is not enough to spot possible beginnings of altseasons, because of arbitrage of other effects.
- The "big altcoins" are removed from the counting because one single big capitalized altcoin that grows, let's say, a 20%, will have an observable effect on the total altcoin capitalization, even if the rest of the altcoins are stagnated in price. For example, at today's date (8th April 2020), Ethereum by itself has the 23.89% of the total altcoins capitalization. A +10% in Ethereum price will increase the total altcoin capitalization by a +2.38%. I wanted to remove that effect to focus on generalized price changes of all altcoins. Remember that there are only 9 big altcoins 9 coins representing the 71% of the alts capitalization, while there are exists more than 5000 altcoins in total.
- Another key factor is that I want to focus on what happens in alt/BTC markets, because almost every altcoin can be traded against BTC, and most of them can only be traded against BTC. However, big altcoins can usually be traded against USD or other alt coins or fiat currencies as well. Removing the big alts from the equation helps (just a bit) to simplify the interpretation of the chart because arbitrage effects of those "impactfull" alts are limited (although not removed, because arbitrage also happens cross-markets).
- There are situations where BTC price is going up, alts USD capitalization is going up as well, but alts BTC capitalization is going down because altcoins are being sold in BTC markets, it just happens that the speed of the selling is not high enough as to compensated the increased in BTC price. That makes the USD capitalization grows, while alts are really being dumped in BTC markets. I wanted to reflect that effect as well by making sure that the graph is growing only when both USD and BTC capitalization of alts are growing.
Interpretation
============
If you want, you can see this chart as if plotting the Other alts capitalization as if priced against a fictional coin FCOIN, that start by having a price of 1, that combines the up and downs of both BTC price and alts USD capitalization in a very conservative way: if FCOIN price goes up, means that the other alts are gained USD value but only when they have overcome BTC price changes. Otherwise, it goes down.
If this fictional FCOIN has went up during some days straight with a total gain of maybe, greater than 10%, we are maybe in front of the start of an altseason. Sometimes, maybe (it requires some more years to extract a theory out of here), it can be used as proxy of the BTC near future (trend changes or continuations): if this FCOIN goes up, while BTC is doing nothing relevant or even is going down, it could signal that "people" is getting prepared and a generalized altcoin accumulation process has started, because of a combined people's assumption that BTC will start to have an stable uptrend, or will continue the current trend soon. There's some matches in the past about that, but there are also false positives, as usual.
Additionally, four customizable EMAs are added to the script, by default 21, 50, 100 and 150.
Definitions
=========
- Let's call `altcap_btc` the altcoin capitalization in USD, divided by BTC price. In other words, `altcap_btc` is the capitalization in terms of BTC.
- Let's call `x` the BTC price change rate as `btc_price_current_candle / btc_price_previous_candle`. So, if BTC has grown a +20%, `x = 1.20`, and if BTC has gone down a -20%, `x = 0.80`.
- Let's call `y` the `altcap_btc` price change rate, calculated as before but for `altcap_btc`.
- For pure math equivalence, `x * y` is thus the USD capitalization change rate.
Calculation
=========
For plotting the graph, for each candle, I choose a change rate, and then I plot the total accumulated change rate as by `ch0 * ch1 * ch2 * .... * ch_today`, where each `chX` is the choosen change rate of each candle since the beginning of the chart. So, if the "alts compensated value" has grown yesterday +20% and today's -10%, `1.20 * 0.9 = 1.08`, which means that in two days the compensated value has grown an 8% in total.
- If `x * y > 1` (USD cap is growing), I take `y` as change rate (alt/btc change rate).
- If both `x` and `y` are `> 1`, then the graph grows because I'm taking `y`.
- If `x > 1` and `y < 1`, the graph goes down because I'm taking `y`, reflecting the BTC markets are dumping.
- If `x < 1` and `y > 1`, the graph goes up because I'm taking `y`, reflecting the BTC markets are pumping so much that it overcomes the btc fall.
- `x < 1` and `y < 1` is impossible here because `x * y` must be `> 1` by precondition.
- If `x * y < 1` (USD cap is going down), I take `y` or `x * y` depending on the individual change rates:
- If `x` and `y` go in different directions (one up and the other down), I take `x * y` to reflect that USD capitalization has gone down. I don't take `y` here because it could be `> 1`, and I don't want to make the graph grow if alts are lossing USD value. Also, if `y < 1` and I take `y` the graph will go down faster than USD capitalization and I want to show that "alts compensated value is gown down slower than BTC because some boughts are happening". I don't take `x` either here for the same reasons.
- If both `x` and `y` are `< 1`, I take `y`, because otherwise the graph would be less than 0.000001 today after two years of bleeding, making literally impossible to see if alts "grow tomorrow".
- `x > 1` and `y > 1` is impossible here because `x * y` must be `< 1` by precondition.
Coinbase ALT/USD IndexA simple ALT/USD pair index of all the altcoins currently trading on Coinbase.
Crypto Indicators #u9tusA set of low timeframe (LTF), medium timeframe (MTF), and high timeframe (HTF) indicators for use in crypto currencies / bitcoin.
Traditionally the 10, 20, 50, 100, and 200 SMAs are used in TA. With cryptos, I've found that the 8 EMA, 21, 55, and 128 SMAs backtest better, while no change in length was necessary for the 200. I wanted to combine all these into one indicator to easily add them to a chart layout, hence this script.
You can customize the length of each MA to your liking in the settings, or accept the defaults.
LTF Indicators:
8 EMA in blue hues, medium line stroke.
MTF Indicators:
21, 55 SMA in purple hues, medium line stroke.
HTF Indicators:
128, 200 SMA in yellow hues, thick line stroke.
Defaults are for daily timeframes and lower; suggest changing up the intervals for weekly and monthly to:
21 -> 30
55 -> 50
128 -> 100
$BTC, $ETH, #ALTS
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(c) @jhaurawachsman 20190515
