OPEN-SOURCE SCRIPT

Crypto Market Correlation

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This script utilized some new functions in Pine Script, which compares the correlation between the current symbol to a basket of crypto indexes that are listed on the FTX exchange.

By tracking these indexes we can gauge the reaction across markets that have a different market cap. By that I mean we can have a better idea about where the money is flowing into a specific market.

This script uses data from FTX:BTCPERP, FTX:ALTPERP, FTX:MIDPERP, FTX:SHITPERP, FTX:EXCHPERP, FTX:DRGNPERP.

A value closer to 1 equals to more correlation, closer to 0 equals to less correlation.

Penafian

Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.