You can choose any of the tickers I provide in the mod options to your liking :
If the Compare mode is enabled, then the current ticker you are viewing is divided by the ticker selected in the indicator (in the Mode option).
Thus, you create a new pair and can evaluate the strength of this or that asset.
For example, if you have the ticker BTCUSDT open. And the ticker XAU is selected in the Mode option in the indicator. And the Compare mode is also enabled. Then you will get a new BTCUSDT / pair. That means that now you can see the bitcoin / gold ratio. (Same as EUR/USD etc.)
If the Compare option is switched off then you will see the usual ticker you choose in the Mode option. You can also see if there is a correlation between the selected pairs.
Option 'AVG STABLE.D' = Calculated as: USDT.D + USDC .D + DAI.D
- This is the average domination of the most important Stable Coins
Option 'AVG STOCK Price' = Calculated as: (DJI + SPX + NDQ ) / 3
- This is the average price of the most important Indexes.
Added an option to choose "Logarithmic" and "Linear" chart type. The default is Logarithmic.
Added an option to view not only the candlestick chart but also a simple linetype depending on the source .
Ppolished up the code a little.
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.