NC-ALPHA INDEX [Pro Pane] - Smart Money Flow

01. THE PROBLEM: MARKET CAP IS A LAGGING INDICATOR
Standard crypto indices (like Coin50 or Total Market Cap) are weighted by capitalization. This is a flawed model for active traders because it prioritizes "Dino Coins"—older assets with massive supplies but very little active volume or price discovery. They are heavy, slow, and hide the real story.

02. THE SOLUTION: VOLUME-VELOCITY WEIGHTING
The NC-ALPHA INDEX is designed for SMC (Smart Money Concepts) traders who need to see where the real liquidity is flowing right now.

Instead of static weighting, this script dynamically adjusts the influence of each asset based on its Real-Time Dollar Volume.

High Volume = High Impact: If a specific asset (e.g., SOL, HYPE, or PEPE) is attracting massive liquidity inflow, its weight in the index increases instantly.

Low Volume = Low Impact: Assets with no volume ("Zombie coins") have minimal impact on the index line, preventing false signals.

03. THE "MARKET DRIVERS" BASKET
The index tracks a curated basket of 10 high-velocity assets representing the current market meta:

1 - Kings: BTC, ETH

2 - Market Leaders: SOL, BNB

3 - High Beta / L1s: SUI

Sector Proxies: DOGE (Memes), HYPE (DEX/Perps), AAVE (DeFi), LINK (Infra), XRP.

04. HOW TO TRADE WITH IT
A. The Divergence (Trap Detector) If Bitcoin is making a Higher High (HH) at a Key Resistance, but the NC-ALPHA Index is making a Lower High (LH) or stagnating:

Signal: The pump is unsupported by broad liquidity. It is likely a "Fake Pump" driven by wash trading or isolated manipulation. High probability of an SFP (Swing Failure Pattern).

B. The HUD (Heads-Up Display) The dashboard on the chart shows you exactly what is moving the market.

Look at the "W%" (Weight) column.

Signal: If an Altcoin (like SUI or HYPE) suddenly exceeds 15-20% weight, a Sector Rotation is occurring. Stop watching BTC and focus on that asset.

05. TECHNICAL NOTES
Crash Proof: Built with advanced nz() data handling to prevent the "disappearing line" bug common in composite indices.

Usage Rule: For accurate calculation, use this indicator on 24/7 Crypto Charts (BTC, ETH, SOL) rather than Traditional Finance charts (VIX, SPX) to avoid weekend data gaps.

Built by KheopsCrypto for the SMC Community.