Crypto assets are heavily reflexive and remain highly correlated to BTC/ETH for the most part; sometimes altcoins act out of sync from this nature and this indicator tries to spot them.
Works by plotting out a correlation matrix of different altcoins w/ BTC and ETH and then displaying relevant outliers with different color schemes.
Also, has pre-defined categories:
- Top coins by MCap
- DeFi
- Layer 1s
- CEX Tokens
- Memecoins
- Metaverse Tokens
You can enter custom fields by clicking the "Custom Symbols" boolean.
Full screen the indicator to view it properly.
The indicator builds on the work of RicardoSantos.
Works by plotting out a correlation matrix of different altcoins w/ BTC and ETH and then displaying relevant outliers with different color schemes.
Also, has pre-defined categories:
- Top coins by MCap
- DeFi
- Layer 1s
- CEX Tokens
- Memecoins
- Metaverse Tokens
You can enter custom fields by clicking the "Custom Symbols" boolean.
Full screen the indicator to view it properly.
The indicator builds on the work of RicardoSantos.