mutantdog

Dominion - Bitcoin Altcoin Dominance [mutantdog]

A simple and easy reference tool displaying a plot of the market cap dominance values for several significant cryptocurrencies.

The most widely used of these is bitcoin dominance (the top indicator shown above) which calculates the total market cap of bitcoin in relation to the total cryptocurrency market cap, displayed as a percentage. This is commonly used by traders to assess the strength of bitcoin in relation to the broader crypto market; increasing values being indicative of larger bitcoin moves and decreasing values often indicative of potential altcoin cycles. Likewise, ethereum dominance (the bottom indicator shown above) is frequently used as a means to indicate the strength of ethereum in relation to the broader crypto market.

Included options for marketcap dominance values are:

When used in combination with each other, these can provide a good overview of the general flow of capital within the crypto market.


Additional functionality:
  • up to three optional moving averages with a choice of SMA , EMA , WMA and RMA for each.
  • multi timeframe selector
  • alert condition presets for various moving average crosses.


Please be aware that, while useful as reference, dominance calculations are known to repaint frequently. As such the use of this indicator and its alerts should require caution.
リリースノート: Added "Invert" switch - Represents the total marketcap minus the asset, some prefer this view.
Added "Custom" input - Just type "Dominance" in the search field to select from available options.

Updated chart to better demonstrate use-case.
リリースノート: Changed "Custom" input to simple text field. Just put the coin ticker name in, eg for Cardano type in: ada.
Added new option for "Current Symbol", will get the corresponding dominance data for the current chart symbol.

In both of these cases, if data is unavailable it will return a blank indicator.
リリースノート: Added extra preset: Full DeGen
This represents the combined marketcap for everything except btc, eth, usdt & usdc. Provides a good indication of capital flow in and out of altcoins.
Correlates fairly close to Total DeFi but can diverge.
オープンソーススクリプト

TradingViewの精神に則り、このスクリプトの作者は、トレーダーが理解し検証できるようにオープンソースで公開しています。作者に敬意を表します!無料で使用することができますが、このコードを投稿で再利用するには、ハウスルールに準拠する必要があります。 お気に入りに登録してチャート上でご利用頂けます。

免責事項

これらの情報および投稿は、TradingViewが提供または保証する金融、投資、取引、またはその他の種類のアドバイスや推奨を意図したものではなく、またそのようなものでもありません。詳しくは利用規約をご覧ください。

チャートでこのスクリプトを利用したいですか?