OPEN-SOURCE SCRIPT
Copper to Bitcoin Ratio
Ratio: Divides copper price by Bitcoin price (copper / bitcoin). Since copper is in USD per pound and Bitcoin is in USD, the ratio is unitless but reflects copper’s value relative to Bitcoin.
Plotting: The ratio is plotted as a blue line, with an optional 20-period simple moving average (red line) for smoothing.
This can reflect market sentiment (e.g., industrial demand vs. crypto speculation).
Plotting: The ratio is plotted as a blue line, with an optional 20-period simple moving average (red line) for smoothing.
This can reflect market sentiment (e.g., industrial demand vs. crypto speculation).
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.