PPP – Info Table (Anchor + Corr/Alpha/Beta) v3

PPP – Info Table (Anchor + Corr/Alpha/Beta)
- By P3 Analytics, run by Puranam Pradeep Picasso Sharma


🔎 Overview

This indicator creates a clean, dynamic information table on your chart that lets you quickly analyze how your chosen asset is performing relative to BTC, ETH, or any other benchmarks.

With a single glance, you can see:

• % change from today’s open (for the anchor asset, BTC, and ETH)
  
• Previous day % change (self + benchmarks)
  
• Correlation, Beta, and Alpha statistics for the selected window (1W, 1M, 1Y)
  
• Anchor values at any bar you choose (via Bars Back or Anchor Time)
  

Perfect for traders who want to measure coin strength vs benchmarks and make better rotation, risk, or hedging decisions.

📊 Key Metrics

Correlation (Corr): How closely the asset moves with the benchmark.

• +1 = moves together, 0 = no relation, -1 = moves opposite.
  

Beta (β): Sensitivity of returns vs the benchmark.

• β = 1 → moves 1:1 with BTC.
  
• β > 1 → more volatile (amplifies BTC moves).
  
• β < 1 → less volatile (defensive).
  

Alpha (α): Excess return beyond what Beta predicts.

• Positive α = outperforming benchmark-adjusted expectation.
  
• Negative α = underperforming.
  

⚙️ Features

Flexible Anchor Mode:

Bars Back → quickly step through bars.

Time → pin analysis to a specific historical candle.

Customizable Benchmarks: Default BTC & ETH (futures), but replaceable with any ticker.

Adjustable Stats Window:

1 Week, 1 Month, 1 Year (auto-scales if using chart timeframe).

Compact Mode for a smaller table layout.

Dark/Light Theme, font size, corner placement, transparency, and decimal control.

Runs efficiently with minimal chart clutter.

🧑‍💻 About P3 Analytics

This indicator is developed under P3 Analytics, a research & trading technology initiative led by Puranam Pradeep Picasso Sharma.

P3 Analytics builds tools that merge machine learning, statistics, and trading strategy into accessible products for traders across crypto, equities, forex, and commodities.

✅ How to Use

Add indicator to your chart.

In settings:

Pick your benchmarks (default = BTCUSDT.P, ETHUSDT.P).

Choose your anchor (Bars Back or Time).

Set window length for correlation/alpha/beta.

Read the table:

Left side = your asset.

Right side = benchmarks.

Colors: Green = positive % change, Red = negative.

🚀 Why Use This?

Quickly compare your asset vs BTC/ETH without juggling multiple charts.

Spot whether a coin is truly leading or just following BTC.

Identify outperformance (alpha) coins for rotation or trend plays.

Manage risk by knowing which assets are high beta (high leverage-like moves).

✦ Indicator by P3 Analytics
✦ Created & published by Puranam Pradeep Picasso Sharma