This script shows the bias of TVC:DXY , the Dollar index , and potential price reversals/exceptions.
Historically, when the DXY is up, BTC doesn't increase as readily, and when DXY is down trending, BTC has historically performed stronger.
When the EMAs from the lengths and resolution filter cross on theDXY chart, you'll get an arrow up or arrow down on your chart. The reversals, "R"s show when there's an engulfing candle from your current chart that prints in opposition to what the DXY bias suggests. There are both background colors and barcolors that also show the bias of what DXY is doing while trading altcoins.
Green = DXY has bearishly crossed EMAs
Pink =DXY has bullishly crossed EMAs
This script was designed for Bitcoin , but may be useful for altcoins as well, depending on the current correlation.
DM for access.
Thanks.
Historically, when the DXY is up, BTC doesn't increase as readily, and when DXY is down trending, BTC has historically performed stronger.
When the EMAs from the lengths and resolution filter cross on theDXY chart, you'll get an arrow up or arrow down on your chart. The reversals, "R"s show when there's an engulfing candle from your current chart that prints in opposition to what the DXY bias suggests. There are both background colors and barcolors that also show the bias of what DXY is doing while trading altcoins.
Green = DXY has bearishly crossed EMAs
Pink =DXY has bullishly crossed EMAs
This script was designed for Bitcoin , but may be useful for altcoins as well, depending on the current correlation.
DM for access.
Thanks.