ROC vs BTC — Indicator by HayeTrading

oscillator centeredoscillator breadthstudies btc bitcoin btcusdt breadth comparison percentile percentilerank

This is a modification of my Rate of Change Percentile script, used to compare the current ticker (e.g. Altcoins) to BTC .

Essentially we are looking at (Current Ticker ROC percentile) vs ( Bitcoin ROC percentile).

In other words, we are using the ROC value of both the current ticker and BTC , and ranking each based on their previous ROC .

We compare the rankings to gauge the relative overperformance or underperformance of the current ticker vs BTC .

The blue line is BTC , the columns are the current ticker.
Green columns above the blue line indicate positive ROC and current ticker has higher ROC ranking than BTC .
Red columns below the blue line indicate negative ROC and current ticker has a higher ROC ranking than BTC .

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This is not financial advice, you are responsible for your own trading decisions.

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Open-source script

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.

Disclaimer

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