Market Indicator

Market Indicator – Capital Flow Monitoring in the Crypto Market

This indicator was developed to analyze capital inflow and outflow in the cryptocurrency market, using data from Capital Flow and the Crypto Market.

How it works:
The script highlights significant variations in capital movement and the overall behavior of the market.
Capital Flow signals whether money is entering or exiting the crypto sector.
The Crypto Market represents the overall size and strength of the market, indicating its macro trend.

Interpretation:
If Capital Flow is above the Crypto Market, it indicates that capital has exited the crypto market.
If Capital Flow is below the Crypto Market, it indicates that capital has entered the crypto market.
Both data points are presented on a normalized scale from 0 to 1, making visual comparisons simple and effective.

Displayed Curves:
Capital Flow – Green
Crypto Market – Blue

Reference lines:
Minimum: 0
Midpoint: 0.5
Maximum: 1

Customizable Parameters (in the "Inputs" tab):
Timeframe – Choose between 15m, 1h, 4h, etc.
Period – Default is 14 candles for smoothing.

Usage:
Ideal for complementing your technical analysis and strategies, this indicator helps identify moments of increased buying or selling pressure, serving as a market sentiment gauge.

Ongoing Development:
The Market Indicator is in its early version and will be improved over time, incorporating new metrics and functionalities as the market evolves and community feedback is received.

Note: This script is currently in the testing phase and will be gradually released to selected members.
Your feedback is welcome for future improvements.