What is the BMP and how it is calculated?
BMP indicates global market action, it counts markets indicated as "buying" markets, which means that various single indicators like RSI, CCI, etc. giving sings for a bullish market movement.
How it can be used?
It can be used to get a view of current market movement.
It cant be used to identify buy/sell spots, its an average of market actions
Where you can find it?
I have created some BMP charts, overlayed by marketcap or single markets: www.cryptowho.de
Feel free to comment and leave your opinion on this.
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** This is not financial advice