This is an index over Bitcoin, Bitcoin dominance and Ethereum. It's a simple oscillator but could be useful if you want to use it as a stepping stone to creating your own index. You can use this to make your own index if you want. It should be quite simple to copy my code and make a new indicator in the pine editor and change the security requests.
Lets say you want to change Ethereum to XRP eth = request.security('ETHUSDT', timeframe.period, close, lookahead=barmerge.lookahead_on) just change the symbol name like this: eth = request.security('XRPUSDT', timeframe.period, close, lookahead=barmerge.lookahead_on)
If you want to create a new one just look at the total and total2 that i made as an example. Remove // in front of //total = request.security('TOTAL', timeframe.period, close, lookahead=barmerge.lookahead_on) and //total_rsi = ta.rsi(total,rsi_persiod) and //plot(total_rsi, color=color.new(color.yellow, 0), title="Total including bitcoin")
Contact me if you have any questions or if you have any good ideas on how I could do anything with this. What index could be fun to make?
if you consider donating: BTC: 1M9yxwoGBiMebQktow8vQYV3J9EDAFwiYd ETH (ERC20): 0xb392f5f58bd10de374736ac337cfd9635cd92d20 XRP: rEb8TK3gBgk5auZkwc6sHnwrGVJH8DuaLh XRP MEMO: 102109716 paypal: michael.nyberg@gmail.com