OPEN-SOURCE SCRIPT
BTC Dominance & Counter-Trend Indicator
This script looks at BTC dominance in price-action and scores it (out of the last 100 closed bars). Essentially this looks at the price action of the current security/crypto and tracks whether it traded in-trend with BTC or against the trend with BTC to show when BTC is most prominently dominating.
Currently the code is restricted to the previous 100 trades prior to the bar (you can change this) but only because, for whatever reason, pine scripting doesn't actually allow you to calculate the number of bars currently in the view (lots of people asking for this via StackOverflow but no response yet). Essentially every bar shows the number of trades out of the last 100 that traded in-synch with BTC, the lower the number, the less dominant BTC has been against that security.
Green highlight means it traded positive (upwards) against BTC going down, and red means it traded negative against BTC going up.
Currently the code is restricted to the previous 100 trades prior to the bar (you can change this) but only because, for whatever reason, pine scripting doesn't actually allow you to calculate the number of bars currently in the view (lots of people asking for this via StackOverflow but no response yet). Essentially every bar shows the number of trades out of the last 100 that traded in-synch with BTC, the lower the number, the less dominant BTC has been against that security.
Green highlight means it traded positive (upwards) against BTC going down, and red means it traded negative against BTC going up.
Script de código abierto
Siguiendo fielmente el espíritu de TradingView, el autor de este script lo ha publicado en código abierto, permitiendo que otros traders puedan entenderlo y verificarlo. ¡Olé por el autor! Puede utilizarlo de forma gratuita, pero tenga en cuenta que la reutilización de este código en la publicación se rige por las Normas internas. Puede añadir este script a sus favoritos y usarlo en un gráfico.
¿Quiere utilizar este script en un gráfico?
Exención de responsabilidad
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