Average Cap [aamonkey] — Indicator by aamonkey

movingaverage trendanalysis btc capitalization

This is the "forever" moving average of the Market Cap.

The cumulative sum of the daily Market Cap values divided by the age of the market in days.

Can be seen as an ultimate bottom that should never be touched and if so is a good buying opportunity.

The default settings are for BTC.

If you want to test this indicator on another chart you have to change the launch date settings (and maybe play around with the multiplier).

Some Interesting Launch dates:
- BTC: 3 JAN 2009
- ETH: 30. JUL 2015
- LTC: 7. OCT 2011

This indicator is also the base for other indicators like my "Top Cap" indicator.

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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