Currently, this version of the AD Line is based on the Net Advances of the market capitalization for the 4* coins in the Amun Crypto Basket Index. Because the cryptocurrency market moves in a homogeneous nature, there are more confirming moves than divergences compared to something like an AD Line of the NYSE.
*BCH has been removed, likely because of its split fork, but has an option to add. For accuracy, include BCH( ) prior to live trading of the index; 21 Nov. 2018 and before.
- The current index is based on: BTC , ETH, XRP, and LTC.
- Market cap is calculated as (current USD price * circulating supply).
- Market cap is from TradingView's CRYPTOCAP tickers
Both recently updated :)