This is a script I created originally for my friends to be able to learn how to trade like how I trade, seasoned traders may understand the script as soon as you look at it but those that are new might need some more information on how this script works.
The main purpose of this indicator is to show some important information from other indicators and crypto market information to determine market sentiment.
Indicators used:
EMA 10, 20, 50, 200 ,800
The EMA 50 Line changes colour depending if it is above or below the EMA 200 which is what some may call a Golden or Death cross. The Trade Table will show the EMA values and will also change colours depending if the price is below or above the value which would turn Red and become a resistance or Green and become a support.
RSI 14
I have added the RSI values which will also change colours depending if the asset is in the overbought zone or the oversold zone. There are other bits of information to consider but I have colour coded this and paired with the way I trade, this is quite useful with the other metrics.
ADX 14 14
The ADX value has been added since I use it for scalp trading, it turns green when the value is over 25 and red when under. Also needed with my trading style.
ATR 14 RMA
The ATR has been added to allow me to quickly use it and multiply it depending on my Risk Ratio. This is just there to show the value.
Crypto Market Cap, USDT & BTC Dominance
As part of my trading style, knowing about the market sentiments is important in order for me to trade Alts or BTC. This information is needed to understand which trades to take whilst also using the other bits of information on the tables.
S&P 500 + NASDAQ COMP
I have added these in order for me to see how the general markets are doing. I believe these are important for me to understand the whole market money flow.
My script is what my friends and I need to allow us to trade efficiently without needing all the other indicators that take up screen real estate.