OPEN-SOURCE SCRIPT
𝘈𝘚𝘚𝘌𝘛-𝘛𝘙𝘈𝘊𝘒𝘌𝘙
This TradingView Pine Script calculates and visualizes Beta and Alpha for different groups of cryptocurrencies.
Key Functions:
Asset Selection: Users can choose an asset group (e.g., "RSPS+", "AI", "MEME", "GAMING"), each containing specific cryptocurrencies.
Beta Calculation: Beta measures an asset's volatility compared to Bitcoin (BTC). It's calculated over different periods to determine relative volatility.
Alpha Calculation: Alpha evaluates performance relative to BTC, considering risk. A positive Alpha means the asset outperformed BTC.
Rate of Change (RoC): The script calculates the average RoC of Beta and Alpha over the past 15 days, with a secondary version showing the same data as of 5 days ago.
Lookback Periods: The script compares Beta and Alpha over two lookback periods:
Lookback Period 1: The specified lookback period.
Lookback Period 2: Twice the lookback period, offering a broader perspective on trends.
Table Visualization: Results are color-coded:
Green: When RoC (Rate of Change) is positive.
Red: When RoC is negative.
Dark Blue: Appears when Beta or Alpha exceeds a defined threshold.
Themes: Supports "DARK" and "LIGHT" visual themes.
Summary:
Beta: High Beta (>1) indicates more volatility than BTC; low Beta (<1) indicates less.
Alpha: Positive Alpha suggests better performance than BTC when adjusted for risk.
The script helps traders assess the risk (Beta) and performance (Alpha) of various cryptocurrencies compared to BTC, with detailed RoC metrics and multiple lookback periods to provide a comprehensive view of recent trends and long-term behavior.
Key Functions:
Asset Selection: Users can choose an asset group (e.g., "RSPS+", "AI", "MEME", "GAMING"), each containing specific cryptocurrencies.
Beta Calculation: Beta measures an asset's volatility compared to Bitcoin (BTC). It's calculated over different periods to determine relative volatility.
Alpha Calculation: Alpha evaluates performance relative to BTC, considering risk. A positive Alpha means the asset outperformed BTC.
Rate of Change (RoC): The script calculates the average RoC of Beta and Alpha over the past 15 days, with a secondary version showing the same data as of 5 days ago.
Lookback Periods: The script compares Beta and Alpha over two lookback periods:
Lookback Period 1: The specified lookback period.
Lookback Period 2: Twice the lookback period, offering a broader perspective on trends.
Table Visualization: Results are color-coded:
Green: When RoC (Rate of Change) is positive.
Red: When RoC is negative.
Dark Blue: Appears when Beta or Alpha exceeds a defined threshold.
Themes: Supports "DARK" and "LIGHT" visual themes.
Summary:
Beta: High Beta (>1) indicates more volatility than BTC; low Beta (<1) indicates less.
Alpha: Positive Alpha suggests better performance than BTC when adjusted for risk.
The script helps traders assess the risk (Beta) and performance (Alpha) of various cryptocurrencies compared to BTC, with detailed RoC metrics and multiple lookback periods to provide a comprehensive view of recent trends and long-term behavior.
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。
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。