Relative Estimated Price (REP) Indicator shows the estimated price calculated if the tickerid made the same value changes (in %) during a certain period. The default value of the lookback period is 50.
In the given XRPUSD chart you can see that XRPUSD has a value of 0.26480 and the RPC indicator shows the value of 0.38099. This means that XRP would be 0.38099USD if it was fully made the same percentage moves with BTC , we can say that XRP is RELATIVELY cheap according to BTC price moves.
Conversely XRP would be RELATIVELY expensive if the last value of REP was lower then current XRP price.
users can choose the relative base price in calculation of REP between 1-5 which are:
I personally advise you to use this indicator for daily charts in Tradingview to have more accurate estimated prices because of the website's calculation.
Developed by KIVANÇ
Phát hành các Ghi chú
⋅
Added two more relative base price 6=EURUSD, 7=NIFTY50 due to some user requests
Can I use your script to publish the strategy version?
Bahacan1903
⋅
Tesekkur ederim hayirli aksamlar
ArdaGulcil
⋅
Cok tesekkurler bence cok faydali korelasyon bozulmasini gormek icin.
Bahacan1903
⋅
Hocam cahilligimden soruyorum. Mavilimw ile hisse tarama yapabilirmiyiz. Hayirli gunler
KivancOzbilgic
⋅
@Bahacan1903, tradingde hayr matrikste evet
ama sma 50 çok yakn olabiliyor bazen onunla tarayn derim
mobby
⋅
@KIVANCfr3762, Peki hocam, ben mavilimi altcoinler için saatlikte (1,3) olacak şekilde kullanıyorum. Mavilimde alttan gelen çizginin rengi maviye dönen/dönecek coinleri görmek istiyorum, bunun için sma50'de " crosses -> close " yapıyorum sizce uygun mudur? Ya da daha yakın sonuç için ne yapmalıyım? (3,5) içinde olabilir.
mobby
⋅
@mobby, 'alttan gelen çizgi' biraz saçma olmuş :) "Show Previous Version of MavilimW" i de tikliyorum o anlamda demek istedim.