Cryptocurrency markets move fast, and staying ahead requires tools that deliver clarity at a glance. One such powerful tool is the Relative Crypto Dominance Polar Chart by LuxAlgo — a visually intuitive indicator designed for traders seeking to compare the relative dominance of up to ten different crypto assets simultaneously. By combining traded dollar volume and volatility into a single polar area chart, this indicator transforms complex market data into an easy-to-interpret visual format.
Whether you're analyzing short-term fluctuations or long-term trends, this tool helps identify which cryptocurrencies are asserting market strength — a crucial insight for portfolio allocation, risk management, and timing entries or exits.
How the Relative Crypto Dominance Polar Chart Works
At its core, the Relative Crypto Dominance Polar Chart visualizes dominance through two key metrics:
- Radius (Volatility): The length from the center to the edge of each segment reflects the asset’s price volatility over the selected period.
- Arc Length (Dollar Volume): The width of each segment corresponds to the traded dollar volume.
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The resulting "petal" size — determined by both radius and arc — gives a clear picture of an asset's overall dominance. A larger petal means higher combined volatility and volume, indicating stronger market activity and interest.
This dual-metric approach goes beyond simple market cap comparisons, offering a dynamic view of real-time market behavior rather than static rankings.
Simple Setup, Powerful Customization
Getting started with the indicator is straightforward:
- Load the script onto any TradingView chart.
- The polar chart appears automatically, displaying default tickers (typically top cryptos by market cap).
- Customize tickers, colors, and display settings via the built-in settings panel.
No complex configurations are required to begin — but for advanced users, deep customization options unlock even greater analytical power.
Choosing the Right Time Period
The tool supports five timeframes:
- Hourly
- Daily
- Weekly
- Monthly
- Yearly
By default, it operates in auto mode, intelligently selecting the most appropriate period based on your current chart timeframe:
- Up to 2-minute charts → Hourly data
- Up to 15-minute charts → Daily data
- Up to 1-hour charts → Weekly data
- Up to 4-hour charts → Monthly data
- Higher timeframes → Yearly data
This ensures relevance across trading styles — from scalpers using minute-level charts to long-term investors monitoring macro trends.
Sorting and Sizing for Clarity
To enhance readability, traders can:
- Sort segments by volatility (ascending or descending)
- Adjust overall graph size as a percentage of available space
- Toggle label sizes and visibility
For instance, sorting by descending volatility highlights the most aggressive movers, helping spot potential breakout candidates. Conversely, reducing graph size prevents clutter on dense dashboards.
Personalize Your Visual Experience
One of the standout features of this indicator is its aesthetic flexibility. Traders aren’t limited to rigid geometric shapes — they can enable curved lines to give each segment a smooth, petal-like appearance, enhancing both visual appeal and interpretability.
Additional style options include:
- Toggling percentage labels beneath each ticker
- Showing or hiding the central title
- Displaying the average volatility line (with customizable color)
These small touches make the chart not only functional but also presentation-ready for reports, social sharing, or personal dashboards.
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These terms reflect common queries among technical traders looking for advanced charting solutions on platforms like TradingView.
Frequently Asked Questions (FAQ)
Q: What does "relative dominance" mean in this context?
A: Relative dominance combines an asset’s price volatility and traded dollar volume. It reflects not just popularity (via volume), but also momentum and risk level (via volatility), giving a more nuanced view than market cap alone.
Q: Can I use this indicator for non-crypto assets?
A: Yes. While optimized for cryptocurrencies, the tool works with any ticker available on TradingView — including stocks, forex pairs, or commodities — allowing cross-market comparisons.
Q: Is the source code really open? Can I modify it?
A: Yes, the script is open-source per TradingView’s community guidelines. You can review, learn from, and adapt the code — though redistribution must comply with their House Rules.
Q: How often is the data updated?
A: The chart updates in real time as new candlesticks form on your chart, ensuring you always see the latest dominance picture based on the selected period.
Q: Why use a polar chart instead of a bar or pie chart?
A: Polar charts excel at showing multidimensional data. Here, both angle (volume) and radius (volatility) convey meaning simultaneously — something flat charts can’t achieve without clutter.
Q: Does this tool give trading signals?
A: No. It's purely analytical — designed to inform your decision-making by highlighting shifts in market structure and relative strength among assets.
Why This Tool Matters in Modern Crypto Trading
In today’s fragmented digital asset landscape — with thousands of tokens competing for attention — understanding who’s leading the market is essential. Bitcoin may dominate by market cap, but during altseasons, smaller coins often show greater volatility and volume surges.
The Relative Crypto Dominance Polar Chart captures these shifts instantly. For example:
- If Ethereum’s petal suddenly expands while others shrink, it may signal institutional inflows or protocol upgrades driving activity.
- A shrinking Bitcoin segment amid growing altcoin dominance could hint at rising speculative appetite.
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Such patterns help traders anticipate rotation cycles, manage exposure, and avoid emotional decisions based on headlines alone.
Final Thoughts
The Relative Crypto Dominance Polar Chart is more than just a novelty — it’s a sophisticated analytical instrument that brings clarity to chaotic markets. Its blend of visual elegance, real-time updating, and deep customization makes it indispensable for both novice and professional traders on TradingView.
By focusing on actionable metrics — volatility and volume — rather than hype or price alone, it encourages disciplined, data-driven analysis. And because it’s open-source, users can trust its transparency and build upon its foundation.
Whether you’re tracking Bitcoin’s grip on the market or scouting for emerging altcoin momentum, this LuxAlgo indicator delivers a powerful edge — all in one glance.