Altcoin Season Indicator

לפני 5 שעות

//version=5
indicator("Altcoin Season Indicator", overlay=false)

// Input for Bitcoin Dominance (BTC.D)
btcDominance = request.security("CRYPTOCAP:BTC.D", "D", close)
altcoinMarketCap = request.security("CRYPTOCAP:TOTAL2", "D", close)

// Moving Averages for Trend Analysis
btcMA = ta.sma(btcDominance, 50)
altMA = ta.sma(altcoinMarketCap, 50)

// RSI for Momentum
btcRSI = ta.rsi(btcDominance, 14)
altRSI = ta.rsi(altcoinMarketCap, 14)

// Altcoin Season Conditions
btcBearish = btcDominance < btcMA and btcRSI < 50
altBullish = altcoinMarketCap > altMA and altRSI > 50

// Signal for Altcoin Season
altcoinSeason = btcBearish and altBullish

// Plotting
bgcolor(altcoinSeason ? color.new(color.green, 90) : na)
plot(btcDominance, color=color.red, title="BTC Dominance")
plot(altcoinMarketCap / 1e12, color=color.blue, title="Altcoin Market Cap (T)")

alertcondition(altcoinSeason, title="Altcoin Season Signal", message="Altcoin Season may be starting!")