Relative Crypto Dominance Polar Chart [LuxAlgo]

The Relative Crypto Dominance Polar Chart tool allows traders to compare the relative dominance of up to ten different tickers in the form of a polar area chart, we define relative dominance as a combination between traded dollar volume and volatility, making it very easy to compare them at a glance.

🔶 USAGE



The use is quite simple, traders just have to load the indicator on the chart, and the graph showing the relative dominance will appear.

The 10 tickers loaded by default are the major cryptocurrencies by market cap, but traders can select any ticker in the settings panel.



Each area represents dominance as volatility (radius) by dollar volume (arc length); a larger area means greater dominance on that ticker.

🔹 Choosing Period



The tool supports up to five different periods

• Hourly
  
• Daily
  
• Weekly
  
• Monthly
  
• Yearly
  

By default, the tool period is set on auto mode, which means that the tool will choose the period depending on the chart timeframe

• timeframes up to 2m: Hourly
  
• timeframes up to 15m: Daily
  
• timeframes up to 1H: Weekly
  
• timeframes up to 4H: Monthly
  
• larger timeframes: Yearly
  

🔹 Sorting & Sizing



Traders can sort the graph areas by volatility (radius of each area) in ascending or descending order; by default, the tickers are sorted as they are in the settings panel.

The tool also allows you to adjust the width of the chart on a percentage basis, i.e., at 100% size, all the available width is used; if the graph is too wide, just decrease the graph size parameter in the settings panel.

🔹 Set your own style



The tool allows great customization from the settings panel, traders can enable/disable most of the components, and add a very nice touch with curved lines enabled for displaying the areas with a petal-like effect.

🔶 SETTINGS

• Period: Select up to 5 different time periods from Hourly, Daily, Weekly, Monthly and Yearly. Enable/disable Auto mode.
  
• Tickers: Enable/disable and select tickers and colors
  

🔹 Style

• Graph Order: Select sort order
  
• Graph Size: Select percentage of width used
  
• Labels Size: Select size for ticker labels
  
• Show Percent: Show dominance in % under each ticker
  
• Curved Lines: Enable/disable petal-like effect for each area
  
• Show Title: Enable/disable graph title
  
• Show Mean: Enable/disable volatility average and select color