hadijamshidi

compare returns

It could be very useful to analyze market with events in the market instead of only looking at the isolated chart. This indicator helps you to compare returns of chart symbol with any other symbol in the same timeframe.

For example, in crypto market coins move with the Bitcoin and BTC is driver of the market, so it could be useful to compare returns of a coin with the Bitcoin . There is a compare feature in tradingview, but it only compare from the beginning of the chart, not showing historical difference between returns which can reveals statistical opportunities or money flow in the market or between markets.

This indicator take two parameters including base symbol and period:
base symbol is the one which you need comparison with and period sets the period of comparison.

For instance, with base symbol: BTCUSDT and period: 15, return of BTCUSDT from 15 previous candles is compared with the chart in 15 previous candles (on same timeframe).

It could be helpful if you use this indicator to compare these pairs:
- altcoins return with BTCUSDT return
- stocks with their market index or industry index.
- market indices: crypto total market cap with SP500 and GOLD

please leave comment for me and this indicator to share your idea with me.
thanks,
hadi jamshidi
Release Notes: It could be very useful to analyze market with events in the market instead of only looking at the isolated chart. This indicator helps you to compare returns of chart symbol with any other symbol in the same timeframe.

For example, in crypto market coins move with the Bitcoin and BTC is driver of the market, so it could be useful to compare returns of a coin with the Bitcoin . There is a compare feature in tradingview, but it only compare from the beginning of the chart, not showing historical difference between returns which can reveals statistical opportunities or money flow in the market or between markets.

This indicator take two parameters including base symbol and period:
base symbol is the one which you need comparison with and period sets the period of comparison.

For instance, with base symbol: BTCUSDT and period: 15, return of BTCUSDT from 15 previous candles is compared with the chart in 15 previous candles (on same timeframe).

In the above figured we compared ADAUSDT and BTCUSDT, As columns on the figure shows, on green columns chart is growing and on red is falling.

It could be helpful if you use this indicator to compare these pairs:
- altcoins return with BTCUSDT return
- stocks with their market index or industry index.
- market indices: crypto total market cap with SP500 and GOLD

please leave comment for me and this indicator to share your idea with me.
thanks,
hadi jamshidi
Skript med en öppen källkod

I sann TradingView-anda har författaren till detta skript publicerat det som öppen källkod, så att handlare kan förstå och verifiera det. Skål för författaren! Du kan använda den gratis men återanvändning av den här koden i en publikation regleras av våra Ordningsregler. Du kan göra den till favorit för att använda den i ett diagram.

Vill du använda det här skriptet i ett diagram?

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