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Market Outlook | Shitcoin Index 'TOP 20 Exc.'

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The script is structured to analyze the cryptocurrency market by comparing the performance and dominance of the trash index by excluding(BTC,ETH,Stablecoins & the top 20 Coins ) from TOTAL market. It provide users with insights into market trends, dominance shifts, and performance metrics of these selected cryptocurrencies.

- Table provided to display values of current and previous % change based on chart timeframe

- The most noticable insight is the comparison of shitcoin dominance to others.D with 33% difference in dominance.

- Majors excluded are also aggregated to compare against index

- Chart also plots the candles of the MC and the % dominance of the shitcoin Index
* Go to settings to uncheck index and check dominance for displaying the data series of
shitcoin % dominance.


- The chart also ignores assets that do not have a long history of data and creates candlestick
charts starting from the earliest available price history of the assets.

Note: Trends are not signals rather offers an overview of the market conditions. Changes in coin rankings must be done manually.
Nota Keluaran
- Added majors dominance to plot
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- Update list
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- v2.0
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V3.0
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- Included insights on trends using the Relative Strength Index (RSI), z-score, and Rate of Change (ROC) for data series. These insights are applied to fixed timeframes of 1 day, 1 week, and 1 month, with data series lengths set at 30, 13, and 6, respectively, other timeframes are defualt to 14.
Nota Keluaran
- Candle Color Update

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.