Expected Price with BTC Pair calculates a theoretical price by multiplying the selected price source of the current chart symbol by the price source of a specified benchmark symbol, defaulting to Bitcoin (BTCUSD).
1Copy the scriptPress Copy script above. It reads the file straight from GitHub.
2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
3Paste over the templateCreate a new indicator, select all of the template text and paste. Press Save and give it a name.
4Add it to the chartPress Add to chart, then adjust the settings with the gear icon next to its name.
Source Code
The code stays on GitHub. The author has not published this script under an open licence, so ForexR does not show its code. Copy script reads the file straight from GitHub into your clipboard, so you can still try it on your own chart. Ask the author before reusing the code anywhere else.
Overview
Expected Price with BTC Pair requests security data for the reference symbol on the active timeframe and computes the product of both source values. Traders can customize the price source input and the base comparison symbol. The resulting series is plotted on the chart for status display and tracking relative valuation across cryptocurrency pairs.
Benchmark crypto pair relative price calculation
Multi-symbol security data fetching on active timeframe
Customizable price source and benchmark symbol settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
Setting
Type
Default
Variable
Price Source
source
hlc3
src
Base BTCUSD
symbol
CRYPTO:BTCUSD
BTCsym
Third-party code. ForexR did not write, test or endorse this script, and the summary above was generated automatically from its code and README. Indicators describe the past, and a strategy's backtest can look better than live trading, especially when a script repaints. Check it in the Strategy Tester and on a demo account before you rely on it.
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