OPEN-SOURCE SCRIPT
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Crypto Sentiment + Correlation

115
📊 Crypto Sentiment + Correlation Indicator

Key Features:
- 🔄 Sentiment Aggregation: Measures price momentum vs moving averages across BTC, LTC, ETH, XRP, and SOL.
- ⚖️ Flexible Weighting Options: Choose between equal weight, market cap weighting, or volume-driven sentiment for tailored insights.
- 📈 Visual Candles & Background Signals: Uses sentiment-based candle overlays and color-coded signals to indicate potential shifts or divergence.
- 📊 BTC Correlation Map: Tracks correlation strength and direction between combined sentiment and Bitcoin’s price movement.
- 🧠 Technical Overlays: EMA and Bollinger Bands help contextualize sentiment trends with traditional indicators.
- 🎨 Stylized SMA Layers: Adds intuitive multi-format SMA visualization with area fill and stepped markers for easy spotting of trend shifts.
Why Use It:
Whether you're swing trading or refining entries on crypto positions, this tool gives you a snapshot of what the “mood” across major coins looks like—are the markets in harmony or diverging from BTC’s path? Use it to stay ahead of trend reversals, spot overextended rallies, or confirm bullish sentiment before you jump in.
Note di rilascio
added stuff and changed the visualizations of stuff, the ema has been changed to an ema 200 for better trend reading
Note di rilascio
added ADA
added BB logic
Note di rilascio
Refined the bb signal logic to use hl2 and cleaned up the script to take out redundant request and allow lower plan users to use the indicator, also fixed limited arrays and added a optional customable symbol to add to the equation, with you own marketcap weight if thats what you're using
Note di rilascio
added vwap, added a weight debug board, cleaned up the code to let lower tier account use the script
Note di rilascio
couple small tweaks

Declinazione di responsabilità

Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.