INDICES against BTC & ETH

The idea is the following; you can easily chart the FTX perp indices against (currently) two baselines, ETH & BTC.
I always choose ETH since it is way harder to outperform ETH at the moment. Doing this helps me see certain trends and/or fractal that might happen again in the future.

Since I already made D.A.M (Defi against Majors / Pricing Defi categories against BTC & ETH: www.tradingview.com/...ies-against-BTC-ETH/) I came across the idea of doing the same thing but with the perp indices that FTX offer. At first, I wanted to add this to D.A.M but it has no place in this indicator since this will not only look at Defi but the macro market as a whole.

The indicator currently only looks at the following indexes (weighting can be found here: https:// help. ftx. com/hc/en-us/articles/360027668812-Index-Calculation) :

DRGN: THE DRAGON INDEX
ARPA, BTM, IOST, NEO, NULS, ONT, QTUM, TRX, VET

ALT: ALTCOIN INDEX
BCH, BNB, EOS, ETH, LTC, XRP, TRX, DOT, LINK, ADA

MID: THE MID CAP INDEX
ALGO, ATOM, BAT, CRO, DASH, DCR, DOGE, HT, IOTA, LEO, NEO, OKB, ONT, QTUM, VET, XEM, XLM, XMR, XTZ, ZEC, ZRX, OMG, COMP, BSV, FTT, YFI, UNI, SNX, MKR, AAVE

SHIT: THE SHITCOIN INDEX
AE, AION, ARDR, ARPA, BCD, BEAM, BTG, BTM, BTS, BTT, CHZ, CKB, DGB, ELF, ENJ, GNT, GRIN, GT, HBAR, HC, ICX, IOST, KMD, KNC, LAMB, LRC, LSK, MANA, MATIC, MCO, NANO, NULS, OMG, POWR, PUNDIX, REN, REP, RVN, SC, SNT, STEEM, THETA, TOMO, VSYS, WAVES, XVG, XZC, ZEN, ZIL, ZRX

PRIV: THE PRIVACY INDEX
BEAM, DCR, GRIN, KMD, XMR, XVG, XZC, ZEC, ZEN

DEFI: THE DECENTRALIZED FINANCE INDEX
KNC, MKR, ZRX, REN, REP, SNX, COMP, TOMO, RUNE, CRV, DOT, LINK, MTA, SOL, CREAM, BAND, SRM, SUSHI, SWRV, AVAX, YFI, UNI, WNXM, AAVE, BAL

เอกสารเผยแพร่:

Changed title and sized screenshot that is used for the indicator properly.

เอกสารเผยแพร่:

Indices were being calculated by FTX indices which are no longer available (for obv reasons).
Changed up the calculation using spread charts.
Looking to add more categories and/or tickers under the existing categories on a later date.

เอกสารเผยแพร่:

Shitcoins Category Tickers:
The "BTM" ticker was removed.
The "BTS" ticker was added.

Privacy Category Tickers:
The "BEAM" ticker was removed.
The "DCR" ticker was added.
The "KMD" ticker was added.
The "XMR" ticker was added.
The "ZEC" ticker was added.
The "ZEN" ticker was added.
The "ROSE" ticker was added.
The "SCRT" ticker was added.

Defi Category Tickers:
The "MKR" ticker was added.
The "REN" ticker was added.
The "SNX" ticker was added.
The "COMP" ticker was added.
The "LINK" ticker was added.
The "CRV" ticker was added.
The "YFI" ticker was added.
The "AAVE" ticker was added.
The "UNI" ticker was added.
The "SUSHI" ticker was added.
The "LDO" ticker was added.

Shitcoins Category Plot:
The shit_plot is now plotting the "Shitcoins" category with the color based on the shit_color2 gradient.

Privacy Category Plot:
The priv_plot is now plotting the "Privacy" category with the color based on the priv_color2 gradient.

Defi Category Plot:
The defi_plot is now plotting the "Defi" category with the color based on the defi_color2 gradient.