Asset vs Total Market Cap & Relative Strength

12 Kas

Purpose
This indicator allows traders to compare a selected asset to the major market benchmarks:
BTC – primary crypto market leader
ETH – secondary crypto market leader
USDT.D – shows market risk-on vs risk-off sentiment
TOTAL – total crypto market capitalization, useful for overall market trends
It also provides relative strength calculations:
Rel. Strength = Asset % change - USDT.D % change
Rel. Strength vs Total = Asset % change - Total % change
This allows you to see if your asset is outperforming or underperforming broader benchmarks.

The table covers multiple timeframes, making it easy to scan both short-term and longer-term trends:
Row Timeframe
0 Current
1 15m
2 1H
3 4H
4 1D

Selected Asset / BTC / ETH:
Green for positive % change
Red for negative % change
Gradient intensity proportional to magnitude (maxAbsChange input)
USDT.D:
Orange if rising (risk-off)
Teal if falling (risk-on)
Total Market Cap / Rel. Strength:
Gradient reflects asset performance relative to total market, independent of USDT.D.

Positives
Compact dashboard: Everything is in one table for quick scanning.
Multi-timeframe comparison: Traders can instantly see short-term vs long-term strength.
Relative performance visualization: Gradients immediately highlight outperformers and underperformers.
Benchmark comparisons: Asset vs BTC, ETH, USDT.D, and Total Market Cap.
Independent Rel. Strength: Highlights whether the asset is outperforming even if the total market moves.
Customizable gradient sensitivity: maxAbsChange and maxRelChange allow tuning how “strong” the colors appear.
Chart plotting: Rel. Strength vs total market is plotted for further visual reference.


How to Use
Green table cells → strong positive movement
Red table cells → negative movement
Rel. Strength > 0 → asset outperforming
Rel. Strength < 0 → asset underperforming

Use table to compare relative performance vs BTC, ETH, and total market for informed trading decisions.

12 Kas

Sürüm Notları

Minor bug fix