Compare Wave Index

I built this indicator to compare the performance of multiple chart ID's, at the moment the chart analyses how far above or below the assets prices are compared to a moving average. In this first version, the indicator compares BTC against the current chart and also one customisable ticker, which by default is set to SLRBTC.

As I update the indicator I intend to make it possible to add many other chart IDs so that I can just take a quick look at the indicator to see how my faviorite assets are performing.

Any feedback is welcome, if anyone has any questions just leave me a comment.

Happy Trading,
Release Notes: Added options to add extra trading pairs to the comparison, i reccomend changing the color after you add one so that you can see the difference on the indicator.

Also, the indicator works best on 3 hour to 6 hour candles, if you want to zoom out to 1 day candles you will need to lower the "bars in chart" setting to make it work
Release Notes: Fixed it so that you can change the colour of the different trading pairs you add.

This should now be a nice tool for minitoring all your favorite trading pairs :)
Release Notes: Made it a little easier to tell which pair you are changing the color of
Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

Want to use this script on a chart?


Looks a little nicer when you have it set up

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