OPEN-SOURCE SCRIPT
Updated Crypto Sentiment + Correlation
📊 Crypto Sentiment + Correlation Indicator
Key Features:
- 🔄 Sentiment Aggregation: Measures price momentum vs moving averages across BTC, LTC, ETH, XRP, and SOL.
- ⚖️ Flexible Weighting Options: Choose between equal weight, market cap weighting, or volume-driven sentiment for tailored insights.
- 📈 Visual Candles & Background Signals: Uses sentiment-based candle overlays and color-coded signals to indicate potential shifts or divergence.
- 📊 BTC Correlation Map: Tracks correlation strength and direction between combined sentiment and Bitcoin’s price movement.
- 🧠 Technical Overlays: EMA and Bollinger Bands help contextualize sentiment trends with traditional indicators.
- 🎨 Stylized SMA Layers: Adds intuitive multi-format SMA visualization with area fill and stepped markers for easy spotting of trend shifts.
Why Use It:
Whether you're swing trading or refining entries on crypto positions, this tool gives you a snapshot of what the “mood” across major coins looks like—are the markets in harmony or diverging from BTC’s path? Use it to stay ahead of trend reversals, spot overextended rallies, or confirm bullish sentiment before you jump in.
Key Features:
- 🔄 Sentiment Aggregation: Measures price momentum vs moving averages across BTC, LTC, ETH, XRP, and SOL.
- ⚖️ Flexible Weighting Options: Choose between equal weight, market cap weighting, or volume-driven sentiment for tailored insights.
- 📈 Visual Candles & Background Signals: Uses sentiment-based candle overlays and color-coded signals to indicate potential shifts or divergence.
- 📊 BTC Correlation Map: Tracks correlation strength and direction between combined sentiment and Bitcoin’s price movement.
- 🧠 Technical Overlays: EMA and Bollinger Bands help contextualize sentiment trends with traditional indicators.
- 🎨 Stylized SMA Layers: Adds intuitive multi-format SMA visualization with area fill and stepped markers for easy spotting of trend shifts.
Why Use It:
Whether you're swing trading or refining entries on crypto positions, this tool gives you a snapshot of what the “mood” across major coins looks like—are the markets in harmony or diverging from BTC’s path? Use it to stay ahead of trend reversals, spot overextended rallies, or confirm bullish sentiment before you jump in.
Release Notes
added stuff and changed the visualizations of stuff, the ema has been changed to an ema 200 for better trend readingRelease Notes
added ADAadded BB logic
Release Notes
Refined the bb signal logic to use hl2 and cleaned up the script to take out redundant request and allow lower plan users to use the indicator, also fixed limited arrays and added a optional customable symbol to add to the equation, with you own marketcap weight if thats what you're usingRelease Notes
added vwap, added a weight debug board, cleaned up the code to let lower tier account use the scriptRelease Notes
couple small tweaksRelease Notes
addes option for time gaps and added fibs for the sentiment, lower fib bounce = stronger bull bounce than higher fib bouncesRelease Notes
added visuals for the chart too, so whatever chart ur watching, and i would highly recommend adding BTC.D or USDT.D as your optional symbolRelease Notes
added and input to hide fibs as they can make the scaling quite uglyRelease Notes
changed bordercolor and wickcolorRelease Notes
fixed an oversight on the total/5 it now divides by how many symbols are in the arrayOpen-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
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.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
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.