Since the drop in March of 2020, the U.S. ETF , SPY, has been correlated with bitcoin's moves, especially during the NY session.
This tool is meant to help traders who want to take advantage of that without having to switch the secondary series between BTCUSD and (generally) SPY when changing the ticker they are viewing.
How this works: The indicator will automatically switch between bitcoin or equity index depending on what ticker your current chart is. Ideally this tool would be very simple to use.
Options:
Show/hide a 'track price' line
Index choice of SP500, Nasdaq 100, and Russell 2000. Further selection by ETF, futures, and CFD
Varied bitcoin price sources
Notes: You will need a separate subscription to TradingView to view realtime CME futures data (if not, it will be delayed by 10 minutes). Because of this, the default option chosen is the CFD for the most complete chart when viewing bitcoin.
Added DXY when viewing equities or indexes, as well
Release Notes
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- Added Bitfinex's BTCEUR margined spot ticker - Added Deribit's perpetual swap ticker - Removed Gemini's spot ticker - Made Binance's spot BTCUSDT ticker the default for crypto - Added DX_F futures; similar to CME, they require an additional plan to your account to remove the 10 minute delay. - Added optional persisting horizontal lines to both crypto and non-crypto series. - Added cosmetic, non-functioning inputs to make the indicator arguments legible - Made the default precision 3; this is for DXY.
Hey NeoButane, Thanks for sharing this for us. This thing really make life more easier LOL. Easy to read and understand the correlations between these instruments; that awesome!
I also love your cat in your profile picture; CUTE and SWEET <3
@Tupac7, Which DXY? I am not sure which is the most accurate. It's possible the one you're interested in has a different ticker name on TradingView, as well.
I also love your cat in your profile picture; CUTE and SWEET <3