OPEN-SOURCE SCRIPT
BTC Dominance & Counter-Trend Indicator
This script looks at BTC dominance in price-action and scores it (out of the last 100 closed bars). Essentially this looks at the price action of the current security/crypto and tracks whether it traded in-trend with BTC or against the trend with BTC to show when BTC is most prominently dominating.
Currently the code is restricted to the previous 100 trades prior to the bar (you can change this) but only because, for whatever reason, pine scripting doesn't actually allow you to calculate the number of bars currently in the view (lots of people asking for this via StackOverflow but no response yet). Essentially every bar shows the number of trades out of the last 100 that traded in-synch with BTC, the lower the number, the less dominant BTC has been against that security.
Green highlight means it traded positive (upwards) against BTC going down, and red means it traded negative against BTC going up.
Currently the code is restricted to the previous 100 trades prior to the bar (you can change this) but only because, for whatever reason, pine scripting doesn't actually allow you to calculate the number of bars currently in the view (lots of people asking for this via StackOverflow but no response yet). Essentially every bar shows the number of trades out of the last 100 that traded in-synch with BTC, the lower the number, the less dominant BTC has been against that security.
Green highlight means it traded positive (upwards) against BTC going down, and red means it traded negative against BTC going up.
開源腳本
本著TradingView的真正精神，此腳本的創建者將其開源，以便交易者可以查看和驗證其功能。向作者致敬！雖然您可以免費使用它，但請記住，重新發佈程式碼必須遵守我們的網站規則。
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。
開源腳本
本著TradingView的真正精神，此腳本的創建者將其開源，以便交易者可以查看和驗證其功能。向作者致敬！雖然您可以免費使用它，但請記住，重新發佈程式碼必須遵守我們的網站規則。
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。