- To be used with the BTCUSD All Time History Index (on the daily) - Estimates the current risk of BTCUSD - The risk model oscillates between 0 and 1 (0 is the lowest risk, 1 is the highest) - Historically, buying when the risk is low and selling when the risk is high yields good ROI - User inputs generally do not need to be changed, they are used to create integers for the normalization process
Sürüm Notları
⋅
User Inputs: - Moved inputs for the current cycle min/max values - Added inputs for the weighting of each indicator that makes up the overall risk level
Sürüm Notları
⋅
- Added Price/52W EMA Indicator - Added Price/400D SMA Indicator - Added background colors for the risk indicator
Thanks Skywalking. I have been trying to find a siimiilar code for altcoins. Can it be used for it? Thank you very much
Skywalking2874
⋅
@Maximalist1997, This code was created for BTC. I don't recommend using it for alt coins.
mspj21
⋅
Hi I tried to implement your code but it doesn't work. it just showed blank red green and black bands. I used the same symbol you mentioned as well as daily timeframe
Skywalking2874
⋅
@mspj21, it should work if you use the BTCUSD Bitcoin All Time History Index
num3bers
⋅
Hello, thank you for your index! I am also new and find this very useful. Is there a similar indicator for ETH too? If so what chart do i need to use? TY!
Skywalking2874
⋅
@num3bers, There is no ETH indicator yet. I do plan on creating one though.
VazPedro
⋅
Thanks Skywalking for your index! I'm new around here. Can you teach me how to use your index on my chart?
Skywalking2874
⋅
@VazPedro, Add this indicator to the BTCUSD All Time History Index. It will give you a value ranging between 0 and 1. 1 is the highest risk and 0 is the lowest risk. Typically what I like to do is DCA into the market when the risk is <0.5 and DCA out of the market when the risk is >0.6. Between 0.5 and 0.6 I don't do anything.
pommeroi
⋅
Hey Skywalking, thanks for that open-source code! That is really nuts! Will you adjust the code during the cycle?
Skywalking2874
⋅
@pommeroi, Yes I intend to update and improve upon the code.