The primary function is to provide a detailed comparative analysis of various cryptocurrency assets based on the Relative Strength Index (RSI) and its Exponential Moving Average (EMA).
Dynamic Asset Selection: Users can input up to 15 different assets for analysis, allowing for a tailored and flexible approach to market examination.
Color-Coded Visualization: Each cell in the table displays the EMA of the RSI value, color-coded for easy interpretation. Positive values are shown in varying shades of green, indicating bullish momentum, while negative values are displayed in shades of red, indicating bearish momentum.
Customizable Comparison Assets: The indicator allows users to choose up to 15 different comparison assets. This feature provides a broad market perspective, enabling users to gauge the performance of their selected assets against various benchmarks.
Score Calculation: For each asset, the indicator computes a score based on the RSI values compared to the benchmark assets. This scoring system helps visualize the strong assets. Normally the RSI starts from 0 and has a max value of 100. This script has modified the scoring. The mean value of 50 is readjusted to be displayed as 0. Max value of 100 is now 1 and min value of 0 is now -1. The final score is calculated by adding and subtracting the RSI scores. Above 0 it gains a score of 1, below 0 it gets a score of -1.
Neat Table Display: All information is organized in a table format, with the first column listing the selected assets and the following columns displaying their respective RSI EMA values and scores against each comparison asset. The comparison assets are the same as the input assets. The exact same order on the first column, from top to bottom, is the exact same order from left to right on the top.
Notas de Lançamento
Added Last Score, before the last candle close
Added "Δελτα" , difference between last and current score
Added Directional Arrows based on the difference between the values for better visualization
All improvements done by @VanHe1sing. Many thanks to him for his help.
Notas de Lançamento
*Picture Update
Notas de Lançamento
Shoutout to Vanhesling the G! -Cleaned the code and replaced the "Asset" with the ticker name.
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publications is governed by House rules. Você pode favoritá-lo para usá-lo em um gráfico.
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.