Crypto Narratives: Relative Strength V2

7월 7일

Simple Indicator that displays the relative strength of 8 Key narratives against BTC as "Spaghetti" chart. The chart plots an aggregated RSI value for the 5 highest Market Cap cryopto's within each relevant narrative. The chart plots a 14 period SMA RSI for each narrative.

Functionality:
The indicator calculates the average RSI values for the current leading tokens associated with ten different crypto narratives:

- AI (Artificial Intelligence)
- DeFi (Decentralized Finance)
- Memes
- Gaming
- Level 1 (Layer 1 Protocols)
- AI Agents
- Storage/DePin
- RWA (Real-World Assets)
- BTC

Usage Notes:
The 5 crypto coins should be regularly checked and updated (in the script) by overtyping the current values from Rows 24 - 92 to ensure that you are using the up to date list of highest marketcap coins (or coins of your choosing).

The 14 period SMA can be changed in the indicator settings.

The indicator resets every 24 hours and is set to UTC+10. This can be changed by editing the script line 19 and changing the value of "resetHour = 1" to whatever value works for your timezone.

There is also a Rate of Change table that details the % rate of change of each narrative against BTC

Horizontal lines have been included to provide an indication of overbought and oversold levels.

The upper and lower horizontal line (overbought and oversold) can be adjusted through the settings.

The line width, and label offset can be customised through the input options.

Alerts can be set to triggered when a narrative's RSI crosses above the overbought level or below the oversold level. The alerts include the narrative name, RSI value, and the RSI level.

7월 13일

릴리즈 노트

Simple Indicator that displays the relative strength of 8 Key narratives as "Spaghetti" chart against BTC as a base. The indicator includes an optional table of ROC values . The spaghetti chart plots an aggregated RSI value over a selectable timeframe for the 5 highest Market Cap cryptocurrencies within each of the 8 narratives. The chart plots a 14 period SMA RSI for each narrative.

Functionality:
The indicator calculates the average RSI values for the current leading tokens associated with ten different crypto narratives:

- AI (Artificial Intelligence)
- DeFi (Decentralized Finance)
- Memes
- Gaming
- Level 1 (Layer 1 Protocols)
- AI Agents
- Storage/DePin
- RWA (Real-World Assets)
- BTC - As a base to compare relative strength

Usage Notes:
The 5 crypto coins should be regularly checked and updated (in the script) by overtyping the current values from Rows 24 - 92 to ensure that you are using the up to date list of highest marketcap coins (or coins of your choosing).

The 14 period SMA can be changed in the indicator settings.

The indicator resets every 24 hours and is set to UTC+10. This can be changed by editing the script line 19 and changing the value of "resetHour = 1" to whatever value works for your timezone.

There is also a Rate of Change table that details the % rate of change of each narrative against BTC

Horizontal lines have been included to provide an indication of overbought and oversold levels.

The upper and lower horizontal line (overbought and oversold) can be adjusted through the settings.

The line width, and label offset can be customised through the input options.

Alerts can be set to triggered when a narrative's RSI crosses above the overbought level or below the oversold level. The alerts include the narrative name, RSI value, and the RSI level.