OPEN-SOURCE SCRIPT

BTC vs ALT Lag Detector [MEXC Overlay]

56
This indicator monitors the price movement of Bitcoin (BTC) and compares it in real time to a customizable list of major altcoins on the MEXC exchange.

It helps you identify lagging altcoins — tokens that are underperforming or overperforming BTC’s price action over a selected timeframe. These temporary deviations can offer profitable entry or rotation opportunities, especially for scalpers, day traders, and arbitrage-style strategies.

Key Features:
- Real-time deviation detection between BTC and altcoins
- Customizable comparison timeframe: 1m, 6m, 12m, 30m, 1h, 4h, or 1d
- Deviation threshold alert: Highlights coins that lag BTC by more than 0.5%, 1%, 2%, or 3%
- Compact stats table embedded in the price chart
- Fully adjustable layout: Table position (Top/Bottom/Center + Left/Right), Font size (Tiny, Small, Medium)
- Built-in alert system when deviation exceeds your chosen threshold

How to Use It:
Set your desired timeframe for comparison (e.g., 1 hour).
Select a deviation threshold (e.g., 1.0%).

The table will show:
Each altcoin’s % change
BTC’s % change
The delta (deviation) vs BTC

Red highlights indicate alts whose deviation exceeded the threshold.

When at least one alt lags beyond your threshold, the indicator can trigger an alert — helping you capitalize on potential catch-up trades.

Please provide any feedback on it.

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.