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Market Dominance Analyzer [Crypto]
Market Dominance Analyzer [Crypto]
Overview:
The Market Dominance Analyzer [Crypto] is a indicator designed to analyze and visualize the state of the cryptocurrency market by examining key dominance metrics. It retrieves data for BTC, TOTAL2, and USDT dominance, smooths them using an exponential moving average (EMA), and then determines the current market phase.
Key Features:
Market Phase Detection:
The indicator categorizes the market state into distinct phases such as Bitcoin Rally, BTC Safe Haven, Full Bull Market, Cautious Bull, Altseason, Alt Relief, Bear Market, Total Capitulation, Alt Overdrive, and Bitcoin Solo Run based on the trends in dominance data.
Visual Cues:
Each market phase is assigned a unique background color for quick visual identification. The indicator also plots dominance lines for BTC, TOTAL2, and USDT, each with customizable transparency settings.
Trend Analysis:
Using EMA smoothing and trend detection over a configurable period, the script filters out noise and focuses on significant market moves.
Trading Signals:
Optional buy and sell signals are generated based on the directional movement of BTC dominance relative to the other indicators, helping traders spot potential entry or exit points.
Customization Options:
Block Length: Adjust the block phase duration for market phase analysis.
Line Opacity: Customize the transparency of the dominance lines.
Text Position: Choose the display position (left, center, right) for the background text.
Trend Parameters: Modify the trend detection length and EMA smoothing length to better suit different timeframes or market conditions.
Signal Display: Toggle the display of Buy/Sell signals on the chart.
How to Use:
Apply the Indicator:
Add the Market Dominance Analyzer [Crypto] to your TradingView chart.
Interpret the Colors:
The background color reflects the current market phase. Refer to the legend for each phase’s color code.
Monitor Dominance Lines:
Observe the plotted lines for BTC, TOTAL2, and USDT dominance to assess market trends.
Trading Decisions:
Use the displayed Buy/Sell signals, in combination with your analysis, as an additional tool to determine potential trade entries and exits.
This script is ideal for crypto traders looking to gain a quick visual insight into the market’s dominant trends and phases. Customize the settings to match your trading style and market timeframe.
Overview:
The Market Dominance Analyzer [Crypto] is a indicator designed to analyze and visualize the state of the cryptocurrency market by examining key dominance metrics. It retrieves data for BTC, TOTAL2, and USDT dominance, smooths them using an exponential moving average (EMA), and then determines the current market phase.
Key Features:
Market Phase Detection:
The indicator categorizes the market state into distinct phases such as Bitcoin Rally, BTC Safe Haven, Full Bull Market, Cautious Bull, Altseason, Alt Relief, Bear Market, Total Capitulation, Alt Overdrive, and Bitcoin Solo Run based on the trends in dominance data.
Visual Cues:
Each market phase is assigned a unique background color for quick visual identification. The indicator also plots dominance lines for BTC, TOTAL2, and USDT, each with customizable transparency settings.
Trend Analysis:
Using EMA smoothing and trend detection over a configurable period, the script filters out noise and focuses on significant market moves.
Trading Signals:
Optional buy and sell signals are generated based on the directional movement of BTC dominance relative to the other indicators, helping traders spot potential entry or exit points.
Customization Options:
Block Length: Adjust the block phase duration for market phase analysis.
Line Opacity: Customize the transparency of the dominance lines.
Text Position: Choose the display position (left, center, right) for the background text.
Trend Parameters: Modify the trend detection length and EMA smoothing length to better suit different timeframes or market conditions.
Signal Display: Toggle the display of Buy/Sell signals on the chart.
How to Use:
Apply the Indicator:
Add the Market Dominance Analyzer [Crypto] to your TradingView chart.
Interpret the Colors:
The background color reflects the current market phase. Refer to the legend for each phase’s color code.
Monitor Dominance Lines:
Observe the plotted lines for BTC, TOTAL2, and USDT dominance to assess market trends.
Trading Decisions:
Use the displayed Buy/Sell signals, in combination with your analysis, as an additional tool to determine potential trade entries and exits.
This script is ideal for crypto traders looking to gain a quick visual insight into the market’s dominant trends and phases. Customize the settings to match your trading style and market timeframe.
Skrip dilindungi
Skrip ini diterbitkan sebagai sumber tertutup. Akan tetapi, anda boleh menggunakannya dengan percuma dan tanpa had – ketahui lebih lanjut di sini.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Skrip dilindungi
Skrip ini diterbitkan sebagai sumber tertutup. Akan tetapi, anda boleh menggunakannya dengan percuma dan tanpa had – ketahui lebih lanjut di sini.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.