OPEN-SOURCE SCRIPT

Crypto Top 25 Equal Weight Index

Updated
Draws an Equally Weighted Index of 25 securities. The inputs are pre-populated with the Top 25 cryptocurrencies by market cap at the time of publishing the script, but any 25 securities can be used.

Double click on this indicator's pane to view in full screen.

Note: Candle open is always equal to previous candle's close. I did this to avoid problems where sometimes candle open didn't make sense compared to close.

If you're into cryptocurrencies also have a look at these TradingView charts CRYPTOCAP:TOTAL, CRYPTOCAP:TOTAL2 and CRYPTOCAP:OTHERS.
Release Notes
Updated chart.
Release Notes
Changes:
  • Added checkboxes to turn On/Off every single symbol in the index. You can now create a custom equally weighted index with any number of symbols from 2 to 25.
    Index now starts from 0 (zero) instead of 1 (one).
    Tweaked candle colors. Now candle body and candle border have the same color because a different colored border was distracting. Wicks use silver instead of gray.
Release Notes
Updated chart.
cryptoequallyindextop25Trend Analysisweighted

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 publication is governed by House rules. You can favorite it to use it on a chart.

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