This is a modification of my Rate of Change Percentile script, used to compare the current ticker (e.g. Altcoins) to BTC.
Essentially we are looking at (Current Ticker ROC percentile) vs (Bitcoin ROC percentile).
In other words, we are using the ROC value of both the current ticker and BTC, and ranking each based on their previous ROC.
We compare the rankings to gauge the relative overperformance or underperformance of the current ticker vs BTC.
The blue line is BTC, the columns are the current ticker. Green columns above the blue line indicate positive ROC and current ticker has higher ROC ranking than BTC. Red columns below the blue line indicate negative ROC and current ticker has a higher ROC ranking than BTC.
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Any questions, comments or feedback I'd love to hear from you below!