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Altcoins Screener [SwissAlgo]

Introduction: The Altcoins Screener at a Glance

The Altcoins Screener is a cryptocurrency analysis tool designed to provide an overview of potential trading opportunities across multiple crypto coins/tokens and categories. By combining technical analysis, price action assessment, and social metrics (via LunarCrush data), it presents market information and trading signals for a broad range of altcoins (approx. 300 USDT.P pairs of 9 crypto categories).

The screener is designed to consolidate market information onto a single chart, aiming to streamline the analysis of market conditions. It provides a consolidated market overview, which can simplify the assessment of market conditions, compared to monitoring individual charts with several layered indicators.

Key Features:

🔹 Multi-category analysis covering 300 crypto pairs of 9 categories on a single chart (Layer 1 & Top Coins, Layer2 & Scaling, Defi & Landing, Gaming & Metaverse, AI & Data, Exchanges & Trading, NFT & Social, Memes & Community, Other, User's Custom Portfolio).

🔹 Technical analysis with trade signals (Long/Short) based on an aggregated view of technical and social data points

🔹 Social sentiment integration through LunarCrush metrics (GalaxyScore, AltRank, Social Sentiment)

🔹 Real-time market scanning provides automated alerts when market conditions for specified coins/tokens potentially change.

🔹 Custom watchlist support for personalized monitoring (users can define a custom category containing a set of specific cryptocurrencies, i.e. own portfolio).

The screener presents data in a table format, using color-coded indicators to aid visual analysis. Detailed technical information is also provided. The assessments/trade signals provided by this indicator should be considered as one input among many when forming your trading strategy.

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What It Does

The Altcoins Screener is a cryptocurrency analysis tool that offers:

Data Display and Analysis (Technical/Social):
🔹 Technical Metrics

* Technical Raw Data: Displays raw values for a range of technical indicators, including RSI, Stochastic RSI, DMI/ADX, RVI, ATR, OBV, and Hull Moving Averages (including their recent trends and potential significance).

Detailed view of key technical indicators, for further analysis and evaluation:

* Technical Analysis (Summary): Provides a summarized interpretation of technical conditions based on aggregated parameters:
* Price Action
* Trend
* Momentum
* Volatility
* Volume

Summarized view of confluences for potential long/short bias:

🔹 Social Metrics (LunarCrush): Presents data from LunarCrush®, including Galaxy Score®, AltRank®, and Social Sentiment® (including their recent trends and potential significance).

Lunarcrush data for the top 10 coins for each crypto category:

🔹 PVSRA (Price Volume & Market Makers Activity) Candles: Shows special candles highlighting potential market maker activity and volume anomalies, helping identify possible manipulation zones (including imbalance zones, i.e. price areas that market makers may revisit)

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Key Features:

Automated trade signals (Long/Short) are generated based on algorithmic calculations and signal confidence levels across technical and social data points. These signals are intended to be used as one component of a broader trading strategy.
Custom sensitivity settings allow users to adjust the analysis timeframe (options: 1D, 2D, or 1W). Higher timeframes may provide a broader perspective, while the 2D setting is the default configuration.
Multi-category analysis covering a selection of approximately 300 crypto pairs across 9 predefined crypto categories.
Custom symbol selection: Users can define a custom list of up to 10 symbols for focused monitoring.
Automated Alerts to track potential trend changes across crypto categories (Long to Short to Neutral, or vice versa)

Visual Interface:

Organized table display with color-coded indicators to aid interpretation.
Clear and efficient format for scanning market information.

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Target Audience

🔹 The screener is designed for cryptocurrency traders who: 

Need to efficiently monitor multiple USDT perpetual futures markets
Use technical analysis in their trading decisions
Want to track sector-wide movements across crypto categories

 
🔹 Suitable for different trading styles:

Scalpers requiring quick market assessment
Swing traders analyzing multi-day trends
Position traders monitoring longer-term setups

The color-coded interface makes it accessible for intermediate traders while providing detailed metrics for advanced users. A basic understanding of technical analysis and crypto trading is recommended.

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How It Works

The Altcoins Screener evaluates cryptocurrencies through a multi-layered analysis:

🔹 Core Analysis Components
Each parameter combines multiple indicators for comprehensive evaluation:

Price Action

EMA crossovers and momentum
Support/resistance zones
Candlestick patterns

Trend

Hull Moving Average system
DMI/ADX trend strength
Multi-timeframe confirmation

Momentum

RSI/Stochastic RSI readings
MACD convergence/divergence
Oscillator confirmations

Volatility

RVI/ATR measurements
Bollinger Bands behavior
Historical volatility trends

Volume

OBV trend analysis
Volume/price correlations
Volume profile assessment

🔹 Signal Generation Process
1. Real-time data collection across timeframes
2. Weighted indicator calculations
3. Parameter aggregation and analysis
4. Signal strength determination
5. Color-coding and alert generation

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How to Use

🔹 Initial Setup:

Add the indicator to a chart (use the 1D timeframe)
Select your preferred crypto category or create a custom list
Choose between Technical Analysis or Technical Metrics view
Set data sensitivity based on your trading style

🔹 Using the Technical Analysis View:

Monitor color-coded dots for quick market assessment
Green: bullish conditions
Red: bearish conditions
Gray: neutral conditions
Check the "Trade Signal" column for potential Long/Short entries signaled by confluences among technical and/or social data points

🔹 Using the Technical Metrics View:

Review detailed numerical values
Monitor slopes (↑↓ arrows) for the most recent trend direction of each data point
Watch for pivotal points (highlighted cells): these are data points that suggest potential trend reversals
Focus on the confluence of multiple indicators
The technical metrics view corroborates the conclusions shown in the Technical Analysis View, providing more details about some critical data points.

🔹 Alert Configuration:

Enable Technical Alerts for signal notifications (which coin/token seems most suited for Long or Short trades, and which coin/token is in a neutral/uncertain state for trading = "No Trade")
Configure alert conditions based on trading style
Set timeframe-appropriate sensitivity
Monitor alert messages for trade signals
Instructions on how to set alerts are provided in the script (enable "Signals Setup Instructions" in User Interface to get a step-by-step guide about setting up alerts)

Best Practices:

Confirm signals across multiple timeframes
Use appropriate sensitivity for your trading style
Monitor multiple categories for sector rotation
Combine signals with your trading strategy
Verify signals with price action confirmation and deep dive into the charts of your potential targets

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About the Settings

🔹 Crypto Category Selection

Layer 1 & Major: Top market cap coins (BTC, ETH, XRP,...), established protocols
Layer 2 & Scaling: ETH L2s, scaling solutions
DeFi & Lending: Decentralized finance protocols
Gaming & Metaverse: Gaming and virtual world tokens
AI & Data: Artificial intelligence and data projects
Exchange & Trading: Exchange tokens, trading protocols
NFT & Social: NFT platforms, social tokens
Memes & Community: Community-driven tokens
Others & Misc: Other categories
Custom Category: User-defined list (up to 10 symbols)

Data Type Options

Technical Analysis: Color-coded summary view
Technical Metrics: Detailed numerical values of some key technical data points

Sensitivity Settings

Higher: Shorter timeframe, more frequent signals
Default: Balanced timeframe, standard signals
Lower: Longer timeframe, stronger signals

Alert Settings

Technical Alerts: Trade signal notifications
Data Timeframe: Minimum 1D required
Theme: Dark/Light mode options

Note: All analysis is performed on USDT Perpetual Futures pairs from Binance

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FAQ

Q: Does the screener work on other exchanges besides Binance?
A: No, it's designed specifically for Binance USDT Perpetual Futures pairs. Binance offers the highest liquidity and trading volume in the crypto derivatives market, making it ideal for technical analysis. The extensive range of trading pairs and reliable data streams help ensure more accurate signals and analysis. Using a single high-liquidity exchange also helps avoid inconsistencies that could arise from aggregating data across multiple platforms with varying liquidity levels.

Q: What's the minimum timeframe required?
A: The screener requires a minimum 1D (daily) timeframe. This requirement ensures that the technical analysis has sufficient data points for reliable signal generation. Lower timeframes can produce more noise and false signals, while daily timeframes help filter out market noise and identify stronger trends.

Q: Why are some social metrics showing "NaN"?
A: "NaN" (Not a Number) appears when cryptocurrencies don't have associated LunarCrush data. This typically occurs with newer tokens or those with lower market caps. The technical analysis remains fully functional regardless of social metric availability, as these are complementary data points.

Q: How often are signals updated?
A: Signals update with each new candle on the selected timeframe (1D, 2D, or 1W). For example, on the default 2D setting, signals are recalculated every two days as new candles form. This helps reduce noise while maintaining timely analysis of market conditions.

Q: Can I add spot trading pairs?
A: No, the screener is optimized for Binance USDT perpetual futures pairs for data consistency and analysis purposes. While spot and perpetual prices typically align closely due to arbitrage, using a single data source (Binance) and contract type (USDT perpetual) ensures uniform data quality and analysis across all pairs. This standardization helps maintain reliable technical analysis and signal generation.

Q: How many coins can I add to my custom list?
A: Users can add up to 10 custom symbols to their watchlist. This limit is designed to maintain optimal performance while allowing focused monitoring of specific assets. The custom list complements the predefined categories that cover over 300 pairs.

Q: What determines signal confidence levels?
A: Signal confidence is calculated through a weighted algorithm that considers multiple factors: trend strength (Hull MA, DMI/ADX), momentum indicators (RSI, SRSI), volatility measurements (RVI, ATR, BB), volume analysis (OBV, volume trends), and price action patterns. Higher confidence levels indicate stronger alignment across these factors.

Q: Are signals guaranteed to work?
A: No. Signals are analytical tools based on historical and current market data, not guaranteed predictions. They should be used as one component of a comprehensive trading strategy that includes proper risk management, position sizing, and additional confirmation factors. Past performance does not guarantee future results.

Q: Why does the screener need higher timeframes?
A: Higher timeframes (1D minimum) provide several benefits: reduced market noise, more reliable technical signals, better trend identification, and lower likelihood of false signals. They also align better with institutional trading patterns and allow for a more thorough analysis of market conditions across multiple indicators.

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Conclusion

The Altcoins Screener is a comprehensive crypto market analysis tool that:

Scans 300+ cryptocurrencies across 9 sectors on a single chart
Combines technical indicators and social metrics for signal generation
Identifies potential trading opportunities through color-coded visuals
Saves time by eliminating the need to monitor multiple charts

The tool is suited for:

Market overview and sector rotation analysis
Quick assessment of market conditions
Technical and social sentiment tracking
Systematic trading approach with alerts

Use this screener with caution and as a complement to any other tool you use to define your trading strategy.

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Disclaimer

This indicator is for informational and educational purposes only: 

Not financial advice: This indicator should not be considered investment advice.
No guarantee of accuracy: The indicator's calculations and signals are based on specific algorithms and data sources, but accuracy cannot be guaranteed. Market conditions can change rapidly.
Past performance is not predictive: Past performance of the indicator's signals or any specific asset is not indicative of future results.
Substantial risk of loss: Trading cryptocurrencies involves a substantial risk of loss. You can lose money trading these assets.
User responsibility: Users are solely responsible for their own trading decisions and should exercise caution.
Independent research required: Always conduct thorough independent research (DYOR) before making any trading decisions.
Technical analysis is one of many tools: Technical analysis, including the output of this indicator, is just one tool among many and should not be relied upon exclusively.
Risk management is essential: Use proper risk management techniques, including position sizing and stop-loss orders.
Comprehensive strategy: Use this tool as part of a comprehensive trading strategy, not as a standalone solution.
No liability for trading results: The Author assumes no responsibility or liability for any trading results or losses incurred as a result of using this indicator.
No TradingView affiliation: SwissAlgo is an independent entity and is not affiliated with or endorsed by TradingView.
LunarCrush data: The indicator utilizes publicly available data from LunarCrush. LunarCrush data and trademarks are the property of LunarCrush.
Consult a financial advisor: Consult with a qualified financial advisor before making any investment decisions.