Crypto Market Trend Analysis

أول أمس

This indicator is a multi-asset market analysis tool that evaluates trends, RSI, and confluence across various assets, providing actionable insights into the current market conditions. It calculates a score and trend signals for multiple assets, including DXY, USDT dominance, BTC, BTC dominance, TOTAL market cap, and specific altcoins like HBAR and its pairings.
Key Features:

• Multi-Asset Analysis:
  Analyzes multiple metrics such as DXY, BTC, TOTAL market caps, and specific altcoins.
  Provides a clear breakdown of trend directions (Bull/Bear), RSI values, and previous conditions for each asset.
  
  
• Custom Scoring System:
  
  Calculates a score for each asset using a weighted system based on:
  Moving averages (37 and 200-period).
  RSI thresholds (e.g., >60 for bullish, <40 for bearish).
  Relative Volume (RVOL).
  ADX values for trend strength.
  Bullish and bearish divergences detected using RSI and price.
  
  The score categorizes the trend into five levels:
  Strong Bull: High bullish confidence.
  Bull: Moderately bullish conditions.
  Neutral: Mixed or undecided market state.
  Bear: Moderately bearish conditions.
  Strong Bear: High bearish confidence.
  
  
• RSI-Based Trend Insights:
  Evaluates whether RSI is trending higher or lower, combining this with price and volume metrics to strengthen trend detection.
  
  
• Divergence Detection:
  Identifies bullish divergences when prices make lower lows while RSI makes higher lows.
  Identifies bearish divergences when prices make higher highs while RSI makes lower highs.
  
  
• Confluence Across Metrics:
  Combines individual asset scores to provide a comprehensive view of market sentiment and strength across key assets.
  For example:
  If BTC and TOTAL both show bullish trends with rising RSI, the market-wide confluence suggests stronger confidence in the bullish scenario.
  
  
• Visualization:
  Displays clear metrics such as trend direction, RSI values, and their corresponding previous states in a visually organized table format.
  Color coding (e.g., green for bullish, red for bearish) enhances readability.
  

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ملاحظات الأخبار

Update Highlights:

• Improved Code Efficiency: Simplified the process of fetching data for other symbols, reducing the required code.
  
• Stablecoin Metrics Update: USDT.D now includes USDT.D + USDC.D, reflecting the two primary stablecoins in the market.
  
• Market Dominance Update: BTC.D now incorporates BTC.D + ETH.D for a more comprehensive view.
  
• Removed Feature: The 'Overall Trend' table has been removed due to its inaccuracy and lack of necessity.
  

قبل ٦ ساعات

ملاحظات الأخبار

Update Highlights:

• Alert Condition Updating