OPEN-SOURCE SCRIPT
Aggiornato SROC Crypto Index [upslidedown]
The idea for this indicator is simple: Without a crypto index we want to somehow understand ROC across many assets. This will average out data across the top 5 (current) cryptos and provide a benchmark index.
I've recently been looking into momentum strategies more and how to utilize ROC as part of crypto trading. This indicator was born to fill a void as there is no great index like SPY for the crypto world.
Why would you do this? This gives a picture of overall market sentiment and allows you to move stock strategies that use an index to do things like tighten SL, take positions, move to cash, etc. into the cryptocurrency market.
The plotted line is super fat so you can plot individual lines and tell the index from the individual ticker apart. My suggestion is to pair this with a ROC or SROC for individual assets and to develop strategies from there.
I've recently been looking into momentum strategies more and how to utilize ROC as part of crypto trading. This indicator was born to fill a void as there is no great index like SPY for the crypto world.
Why would you do this? This gives a picture of overall market sentiment and allows you to move stock strategies that use an index to do things like tighten SL, take positions, move to cash, etc. into the cryptocurrency market.
The plotted line is super fat so you can plot individual lines and tell the index from the individual ticker apart. My suggestion is to pair this with a ROC or SROC for individual assets and to develop strategies from there.
Note di rilascio
Some quick additions based on community feedback:- Plots all the individual ROC lines by default (feedback was overwhelmingly positive that this was useful)
- Single color per instrument
- Labels for each line
Note di rilascio
Fixed missing color declaration for average lineScript open-source
In pieno spirito TradingView, il creatore di questo script lo ha reso open-source, in modo che i trader possano esaminarlo e verificarne la funzionalità. Complimenti all'autore! Sebbene sia possibile utilizzarlo gratuitamente, ricorda che la ripubblicazione del codice è soggetta al nostro Regolamento.
❤️ Premium indicator subscription @ Whop includes: Mojo Levels, Manipulation Model, Super Oscillator, VIX Meter, and Volatility Radar
🔗 whop.com/c/upslidedown/t use discount code FRIENDOFUSD for 20% off FOREVER
🔗 whop.com/c/upslidedown/t use discount code FRIENDOFUSD for 20% off FOREVER
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.
Script open-source
In pieno spirito TradingView, il creatore di questo script lo ha reso open-source, in modo che i trader possano esaminarlo e verificarne la funzionalità. Complimenti all'autore! Sebbene sia possibile utilizzarlo gratuitamente, ricorda che la ripubblicazione del codice è soggetta al nostro Regolamento.
❤️ Premium indicator subscription @ Whop includes: Mojo Levels, Manipulation Model, Super Oscillator, VIX Meter, and Volatility Radar
🔗 whop.com/c/upslidedown/t use discount code FRIENDOFUSD for 20% off FOREVER
🔗 whop.com/c/upslidedown/t use discount code FRIENDOFUSD for 20% off FOREVER
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.