This moving average is adjusted to give weight to the performance of the 6 largest Cryptocurrencies by market-cap: Bitcoin , Ethereum , Bitcoin Cash, Ripple, Litecoin, and Nem Coin. The use of this indicator is to observe divergence between the price of the underlying asset (the crypto-currency you are interested in trading) and the rest of the cryptocurrency market.
If more cryptocurrencies go down while your observed currency goes up, the CAMA will sit lower. If more cryptocurrencies go up while your observed currency goes down, the CAMA will sit higher.
The indicator uses two input types:
"MA_Length" is the value given to the length of the moving average.
and
"CryptoFactor" which is the weight given to the movement of the Crypto-Index.
If more cryptocurrencies go down while your observed currency goes up, the CAMA will sit lower. If more cryptocurrencies go up while your observed currency goes down, the CAMA will sit higher.
The indicator uses two input types:
"MA_Length" is the value given to the length of the moving average.
and
"CryptoFactor" which is the weight given to the movement of the Crypto-Index.
Kenzing trading indicators for TradingView perform advanced real-time analysis of stock price trends and display alerts that are easy for the average Trader to interpret.
www.kenzing.com
www.kenzing.com
www.tradingview.com/chart/fLyXkmwI/