Spaghetti Chart for Alts
Understanding how to use a spaghetti layout and can prove beneficial for filtering strength & weakness & observing certain relative strength patterns.
Cutting out noise and being able to filter & sift through information in an efficient manner is key in a trending environment.
One scenario to utilize this:
$BTC starts losing strength and drags alts down with it.
> observe which alts hold up relatively well & bounce aggressively.
> prioritize watchlist based on this.
> follow trend on the best performing alts.
> create alerts to get pinged in areas of interest.
You can also your own template with a prompt in chat-gpt - will need to tweak because pinescript is trash + can customize for your preferences.
This template is from @Garfield_XBT.
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