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Stunning BTC Dominance vs. Dow Jones Correlation!

Dow Jones Industrial Average Index (TVC:DJI)  
CoinStudio  
TVC:DJI   Dow Jones Industrial Average Index
Chart Patterns Technical Indicators Trend Analysis Bitcoin (Cryptocurrency) dowjones DJI Cryptocurrency crypto
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chartpattern indicator trendanalysis bitcoin dowjones dji cryptocurrency crypto
We recently created a new BTC dominance indicator script and played around with it on non-crypto assets and charts while noticing striking correlations.

As for DJI it appears that everytime BTC dominates, the DJI is about to rise while if BTC doesn't dominate, the DJI is about drop.

On the chart "D" means "BTC is dominating" and "S" means "BTC is submissive".

The actual script

BTC Dominance Indicator
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