Crypto Market Caps / Global GDP %

7 Jan

This indicator compares the total market capitalization of various crypto sectors to the global Gross Domestic Product (GDP), expressed as a percentage. The purpose of this indicator is to provide a visual representation of the relative size of the crypto market compared to the global economy, allowing traders and analysts to understand how the market is growing in relation to the overall economy.

Key Features
Crypto Market Caps -
TOTAL: Represents the total market capitalization of all cryptocurrencies.
TOTAL3: Represents the market capitalization of all cryptocurrencies, excluding Bitcoin and Ethereum.
OTHERS: Represents the market capitalization of all cryptocurrencies excluding the top 10.

Global GDP -
The indicator uses a combination of GDP data from multiple regions across the world, including:
GDP from the EU, North America (NA), and other regions.
GDP data from Asia, Latin America (LATAM), and the Middle East & North Africa (MENA).

Percentage Representation -
The market caps (TOTAL, TOTAL3, OTHERS) are compared to the global GDP, and the result is expressed as a percentage. This allows you to easily see how the size of the cryptocurrency market compares to the entire global economy at any given time.

Plotting and Visualization

• The indicator plots the market cap to global GDP ratio for each category (TOTAL, TOTAL3, OTHERS) on the chart.
  
• You can choose which plots to display through user inputs.
  
• The percentage scale makes it easy to compare how much of the global GDP is represented by different parts of the crypto market.
  
• Labels can be added for additional clarity, showing the exact percentage value on the chart.
  

How to Use

• The indicator provides a clear view of the cryptocurrency market's relative size compared to the global economy.
  
• Higher values indicate that the crypto market (or a segment of it) is becoming a larger portion of the global economy.
  
• Lower values suggest the crypto market is still a smaller segment of the global economic activity.
  

User Inputs

• TOTAL/GlobalGDP: Toggle visibility for the total market capitalization of all cryptocurrencies.
  
• TOTAL3/GlobalGDP: Toggle visibility for the market cap of cryptocurrencies excluding Bitcoin and Ethereum.
  
• OTHERS/GlobalGDP: Toggle visibility for the market cap of cryptocurrencies excluding the top 10.
  
• Labels: Enable or disable the display of labels showing the exact percentage values.
  

Practical Use Cases

• Market Sentiment: Gauge the overall market sentiment and potential growth relative to global economic conditions.
  
• Investment Decisions: Help identify when the crypto market is becoming more or less significant in the context of the global economy.
  
• Macro Analysis: Combine this indicator with other macroeconomic indicators to gain deeper insights into the broader economic landscape.
  

By providing an easy-to-understand percentage representation, this indicator offers valuable insights for anyone interested in tracking the relationship between cryptocurrency market cap and global economic activity.

12 Jan

Nota Keluaran

Updated the examplechart