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Visualizing Crypto Relative Dominance with Volume and Price Movement

Article TradingView scripts

Summary

This indicator presents a selected group of crypto assets in a polar chart to compare their activity over a chosen period. For each asset it accumulates traded value, estimated from volume, closing price, and point value, alongside absolute open-to-close percentage changes. It normalizes those measures to fit the visible chart area, then represents each asset as a colored segment whose arc reflects relative traded value and whose radial extent reflects cumulative price movement. Optional labels show the asset ticker and a percentage derived from the combined measures; a mean line and ascending or descending ordering can aid visual comparison.

The indicator supports hourly through yearly periods, with an automatic period choice based on the chart timeframe, and lets users choose assets and display settings. It is a comparative visualization, not a trading signal or tested strategy. The document gives no empirical validation, and its output depends on the chosen tickers, data feeds, visible chart width, and normalization choices, so the display should not be read as a direct measure of market share or future returns.

Key ideas

  • The chart compares selected crypto assets using accumulated traded value and absolute price movement.
  • Each asset is drawn as a polar segment, with arc and radius encoding separate measures.
  • Period selection can be manual or inferred from the chart timeframe.
  • Users can reorder assets and adjust labels, graph size, colors, and mean display.
  • The display is a visualization and has no reported performance validation.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.