PROTECTED SOURCE SCRIPT
Yet Another Bitcoin—Altcoin Season Indicator
This is the BTC dominance chart with a background colored in orange representing the Bitcoin season and in blue for the Altcoin season. If the BTC dominance line is inside the orange area we're most probably in a Bitcoin season, and if in the blue area, on Altcoin season.
To help identify short-term shifts in dominance the BTC dominance line is colored:
You may configure overextended levels as you like, and they are set by default to 40 and 70, for the Altcoin and Bitcoin season respectively.
NB. Better experience if used on daily chart or above.
To help identify short-term shifts in dominance the BTC dominance line is colored:
- if the BTC dominance line has the same color as the background it is overing, it agrees in the short-term with the season
- on the other hand, if the BTC dominance line color is different from the background, it means we might be experiencing a short-term shift in season direction
You may configure overextended levels as you like, and they are set by default to 40 and 70, for the Altcoin and Bitcoin season respectively.
NB. Better experience if used on daily chart or above.
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
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.
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
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.