Volatility IntensifierThe background becomes increasingly dark during periods of high volatility.
...and yes, it can get completely black!
This makes it easier to identify areas that are "hot" with price action and appealing to trade.
Follow and comment to be added to the access to this indicator granted every Monday.
Like for more indicators! Thanks to all of my followers, you are the real MVP <3
To clarify; No, this indicator is based off of volatility, NOT volume :)
S-XRP
True Price XRPArbitrage is the simultaneous purchase and sale of an asset to profit from a difference in the price. It is a trade that profits by exploiting the price differences of identical or similar financial instruments on different markets or in different forms.
In cryptocurrencies, arbitrage is difficult - if not impossible to profit from due to the large transaction costs of buying and sell on the different exchanges.
Some exchanges have fees in excess of 3%. This means that the difference in price between exchanges would have to be greater than the transaction cost in order to profit.
This also does not take into account the risk of price movement in the time it would take to transfer funds between exchanges, making the ability to profit from arbitrage impossible for the retail investor.
While "arbitrage" may be intuitively associated with "sabotage" to the uninformed, the occurence is not a result of greedy price manipulation. The difference in price between exchanges can be simply justified by the separation of market depth creating an indipendantly operating order book.
Essentially, this is an individually performing market with a unique price spread.
In order to determine the most visually accurate price, I have averaged the asking price of these six exchanges:
1. KRAKEN
2. BITSTAMP
3. BITFINEX
4. BITTREX
5. POLONIEX
6. BITSO
This plotted line can be overlayed on top of any XRP/USD price from any given exchange in order to view the variance from the average in real-time, or you can hide the underlying chart to view only the average of the six exchanges as demonstrated in the chart above.
Find this in the public indicator library!
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NG [Crypto Hype Meter]Highly configurable crypto market hype meter. Very simple to use.
Time to time update market circulation values from coinamrketcap.com
Essentially if you see green hype is high if you see red market is chaotic.
Additionally 2 ema for confidence.
Thanks @CryptoPredictions for idea
Crypto-Adjusted Relative Strength Index (CARSI)This RSI can be applied to any Crypto-currency and ANY time-frame!
Great for use on alt coins to identify moons.
Request use in the comments :)
This RSI is adjusted to give weight to the performance of the 6 largest Cryptocurrencies by market-cap.
This is the Crypto-Index that affects the moving average.
Bitcoin
Ethereum
Bitcoin Cash
Ripple
Litecoin
Nem Coin.
The use of this indicator is to observe divergence between the price of the underlying asset that is the basis of your chart, and the rest of the Crypto-currency market.
The black line is the Relative Strength Index performance of the Crypto-Index, and the red and blue clouds, show how far the Crypto-Index sits away from the Relative Strength Index of the observed chart.
If more Crypto-currencies go down while your observed currency goes up, the CARSI will sit lower and a blue pool will become visible showing that that the chart is performing better than the Crypto-Index listed above. If more Crypto-currencies go up while your observed currency goes down, the CARSI will sit higher and a red cloud will form, showing that the chart is performing worse than the Crypto-weighted Index.
The indicator uses only one variable that can be changed.
"RSI_Length" = This is the length of the RSI and is set to 15 by default.
