OPEN-SOURCE SCRIPT
10-Crypto Normalized Index
Overview
This indicator builds a custom index for up to 10 cryptocurrencies and plots their combined trend as a single line. Each coin is normalized to 100 at a user-selected base date (or at its first available bar), then averaged (equally or by your custom weights). The result lets you see the market direction of your basket at a glance.
How it works
For each symbol, the script finds a base price (first bar ≥ the chosen base date; or the first bar in history if base-date normalization is off).
It converts the current price to a normalized value: price / base × 100.
It then computes a weighted average of those normalized values to form the index.
A dotted baseline at 100 marks the starting point; values above/below 100 represent % performance vs. the base.
Key inputs
Symbols (10 max): Default set: BTC, ETH, SOL, POL, OKB, BNB, SUI, LINK, 1INCH, TRX (USDT pairs). You can change exchange/quote (keep all the same quote, e.g., all USDT).
Weights: Toggle equal weights or enter custom weights. Custom weights are auto-normalized internally, so they don’t need to sum to 1.
Base date: Year/Month/Day (default: 2025-06-01). Turning normalization off uses each symbol’s first available bar as its base.
Smoothing: Optional SMA to reduce noise.
Show baseline: Toggle the horizontal line at 100.
Interpretation
Index > 100 and rising → your basket is up since the base date.
Index < 100 and falling → down since the base date.
Use shorter timeframes for intraday sentiment, higher timeframes for swing/trend context.
Default basket & weights (editable)
Order: BTC, ETH, SOL, POL, OKB, BNB, SUI, LINK, 1INCH, TRX.
Default custom weight factors: 30, 30, 20, 10, 10, 5, 5, 5, 5, 5 (auto-normalized).
Base date: 2025-06-01.
This indicator builds a custom index for up to 10 cryptocurrencies and plots their combined trend as a single line. Each coin is normalized to 100 at a user-selected base date (or at its first available bar), then averaged (equally or by your custom weights). The result lets you see the market direction of your basket at a glance.
How it works
For each symbol, the script finds a base price (first bar ≥ the chosen base date; or the first bar in history if base-date normalization is off).
It converts the current price to a normalized value: price / base × 100.
It then computes a weighted average of those normalized values to form the index.
A dotted baseline at 100 marks the starting point; values above/below 100 represent % performance vs. the base.
Key inputs
Symbols (10 max): Default set: BTC, ETH, SOL, POL, OKB, BNB, SUI, LINK, 1INCH, TRX (USDT pairs). You can change exchange/quote (keep all the same quote, e.g., all USDT).
Weights: Toggle equal weights or enter custom weights. Custom weights are auto-normalized internally, so they don’t need to sum to 1.
Base date: Year/Month/Day (default: 2025-06-01). Turning normalization off uses each symbol’s first available bar as its base.
Smoothing: Optional SMA to reduce noise.
Show baseline: Toggle the horizontal line at 100.
Interpretation
Index > 100 and rising → your basket is up since the base date.
Index < 100 and falling → down since the base date.
Use shorter timeframes for intraday sentiment, higher timeframes for swing/trend context.
Default basket & weights (editable)
Order: BTC, ETH, SOL, POL, OKB, BNB, SUI, LINK, 1INCH, TRX.
Default custom weight factors: 30, 30, 20, 10, 10, 5, 5, 5, 5, 5 (auto-normalized).
Base date: 2025-06-01.
Script de código aberto
No verdadeiro espirito do TradingView, o autor desse script o publicou como código aberto, para que os traders possam entendê-lo e verificá-lo. Parabéns ao autor Você pode usá-lo gratuitamente, mas a reutilização desse código em publicações e regida pelas Regras da Casa.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.
Script de código aberto
No verdadeiro espirito do TradingView, o autor desse script o publicou como código aberto, para que os traders possam entendê-lo e verificá-lo. Parabéns ao autor Você pode usá-lo gratuitamente, mas a reutilização desse código em publicações e regida pelas Regras da Casa.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.