This indicator compares the RSI of the symbol you're viewing against; - TOTAL ( market cap of the entire cryptocurrency market ) - TOTAL2 ( market cap of the entire cryptocurrency market excluding BTC ) - BTCs market cap - ETHs market cap
-----
This helps to track the trend of a certain symbol and to quickly see how it's performing in contrast to key market players ( BTC & ETH ). It also allows you to see the current state of the crypto market as a whole.
I tend to use TOTAL & TOTAL2 for technical analysis on BTC, and BTC & ETH for technical analysis on alt-coins.
Versionsinformation
⋅
- Added in 2 sets of Fast/Slow HMA's
- the ' HMA - players ' sources are based on the RSI values excluding the current symbol you're viewing. ( Lighter Shade ) ( TOTAL, TOTAL2, BTC and ETH )
- the ' HMA - all ' sources are based on the RSI values including the current symbol you're viewing. ( Darker Shade ) ( TOTAL, TOTAL2, BTC, ETH and CURRENT SYMBOL )
If you are only using one set of the HMA's, make sure you are using the Fast and Slow from the same set.
-----
This will help me to see the overall-average trend of the crypto market as a whole.