OPEN-SOURCE SCRIPT
Updated Memecoin Index (Top 8 memecoins)
This memecoin index represents the broad memecoin market by summing the biggest memes' marketcaps.
Because the marketcaps of some smaller memecoins are not yet available on TV or have very litle price history, the tokens' price history is multiplied by their current supply, but only if the circulating supply of the token is stable throughout it's history.
You can alter the memecoin index to include only your prefered memecoins.
There is also a built in correlation function which allows correlation analysis between the meme index and different assets.
Because the marketcaps of some smaller memecoins are not yet available on TV or have very litle price history, the tokens' price history is multiplied by their current supply, but only if the circulating supply of the token is stable throughout it's history.
You can alter the memecoin index to include only your prefered memecoins.
There is also a built in correlation function which allows correlation analysis between the meme index and different assets.
Release Notes
Fixed BONKRelease Notes
Fixed BONKOpen-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.