marketmusician

X Exchange BTC Cash Flow Index (Multi-Exchange)

Custom Cash flow Index (Similar to MFI ) indicator based on BTC World Volume across all exchanges.

Volume Data based on "BTC WORLD VOLUME" by Phil Ledru


How it works:

Use this indicator like to see momentum changes in Price and Volume across all exchanges for Bitcoin .

When momentum is positive, indicator will turn Blue.
When momentum is slowing down and price is declining, indicator will turn Red.

Like your usual RSI , OB & OS levels are 80 & 20.


What to watch out for:

- Watch out for Bullish and bearish divergences in Volume

- Wedges , Head and shoulders and other formations.



Enjoy!
Script protetto
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Commenti

Thanks, great indicator
can you give an idea about how the calculations are made?
does it take into account the flow in and out of exchanges or buy and sell orders?

thanks in advance
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