DevLucem

Relative Perfomance Index

DevLucem Updated   
Hello Traders.

Lets keep it simple..

  • 1. Take the major pairs that have USD in them and watch their change over a specific timeframe.
  • 2. Now lets sort these changes of each pair from the most positive to the most negative.
Good, I see you have some ideas already.

This is exactly what this indicator does. You will visualize the biggest change in pairs of the timeframe of your choice and from this you can decide on pairs that you want to trade.
Release Notes:
Update tooltip to define importance of choosing your broker
Release Notes:
X2 Better Usage

Configuration
1. Use the Index setting to use something else except USD
2. Select custom pairs from the settings

Customization
Text color will use your chart foreground color

Example Usage:
1. Index Crypto by selecting the index as USDT
2. and selecting all symbols with USDT in them
Release Notes:
Reduced the calculation algorithm execution time by half

Updated to a more linear calculation. This also eliminates repeating symbols

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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.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

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