mutantdog

Dominion - Bitcoin Altcoin Dominance [mutantdog]

A simple and easy reference tool displaying a plot of the market cap dominance values for several significant cryptocurrencies.

The most widely used of these is bitcoin dominance (the top indicator shown above) which calculates the total market cap of bitcoin in relation to the total cryptocurrency market cap, displayed as a percentage. This is commonly used by traders to assess the strength of bitcoin in relation to the broader crypto market; increasing values being indicative of larger bitcoin moves and decreasing values often indicative of potential altcoin cycles. Likewise, ethereum dominance (the bottom indicator shown above) is frequently used as a means to indicate the strength of ethereum in relation to the broader crypto market.

Included options for marketcap dominance values are:

When used in combination with each other, these can provide a good overview of the general flow of capital within the crypto market.


Additional functionality:
  • up to three optional moving averages with a choice of SMA , EMA , WMA and RMA for each.
  • multi timeframe selector
  • alert condition presets for various moving average crosses.


Please be aware that, while useful as reference, dominance calculations are known to repaint frequently. As such the use of this indicator and its alerts should require caution.
릴리즈 노트: Added "Invert" switch - Represents the total marketcap minus the asset, some prefer this view.
Added "Custom" input - Just type "Dominance" in the search field to select from available options.

Updated chart to better demonstrate use-case.
릴리즈 노트: Changed "Custom" input to simple text field. Just put the coin ticker name in, eg for Cardano type in: ada.
Added new option for "Current Symbol", will get the corresponding dominance data for the current chart symbol.

In both of these cases, if data is unavailable it will return a blank indicator.
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