Bitcoin Relative Strength: BTC vs Any Asset [Customizable]# Bitcoin Relative Strength: BTC vs Any Asset
## 📖 Description
**Compare Bitcoin's performance against ANY asset on TradingView** — S&P 500, Nasdaq, Gold, DXY, Ethereum, or any other ticker of your choice.
This indicator calculates and plots the **BTC / Asset ratio**, showing how many units of the chosen comparison asset one Bitcoin is worth. A rising ratio means Bitcoin is outperforming the selected asset; a falling ratio means it is underperforming.
### 🔑 Key Features
- **BTC vs Any Asset** — select any TradingView ticker as the comparison asset (SPX, NDX, GOLD, DXY, ETH, and more)
- **Dual Moving Averages** — EMA / SMA / WMA / VWMA / RMA with customizable lengths to identify trend direction
- **Bollinger Bands** — detect volatility compression and breakout zones on the ratio
- **RSI of Ratio** — identify overbought / oversold conditions in relative strength
- **Percentage Change** — adjustable lookback period (1–365 days) to quantify recent momentum
- **Trend Coloring** — dynamic bullish / bearish / neutral coloring based on ratio vs MA
- **Fill Zones** — optional fill between the ratio line and MA for easy visual trend spotting
- **Info Table** — real-time data panel showing ratio, individual prices, % change, trend, and MA values
- **Built-in Alerts** — MA crossovers, Golden / Death crosses, Bollinger breakouts, and RSI extremes
- **Fully Customizable** — colors, line widths, transparency, table position, text size, and more
### 📊 How to Use
1. **Add the indicator** to any chart.
2. Open **Settings → Data Sources** and choose your preferred Bitcoin ticker (e.g., BINANCE:BTCUSD) and comparison asset (e.g., SP:SPX, TVC:GOLD, FOREXCOM:DXY).
3. Enable optional overlays: Moving Averages, Bollinger Bands, RSI, or the Info Table.
4. Set alerts for key events like MA crossovers or Bollinger breakouts.
### 💡 Interpretation
| Ratio Direction | Meaning |
|---|---|
| 📈 Rising | Bitcoin outperforms the comparison asset |
| 📉 Falling | Bitcoin underperforms the comparison asset |
| ▲ Above MA | Bullish relative trend |
| ▼ Below MA | Bearish relative trend |
| Golden Cross (MA1 × MA2) | Long-term bullish shift |
| Death Cross (MA1 × MA2) | Long-term bearish shift |
### ⚠️ Disclaimer
This indicator is for **educational and informational purposes only**. It does not constitute financial advice. Always do your own research before making investment decisions.
**Indicator by:** iCD_creator
**Version:** 1.0
**Pine Script™ Version:** 6
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Updates & Support
For questions, suggestions, or bug reports, please comment below or message the author.
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Indikator Pine Script®
