Bitcoin Correlation MapHello everyone,
This indicator shows the correlation coefficients of altcoins with bitcoin in a table.
What is the correlation coefficient?
The correlation coefficient is a value that takes a value between 0 and 1 when a parity makes similar movements with the reference parity, and takes a value between 0 and -1 when it makes opposite movements.
In order to obtain more meaningful and real-time results in this indicator, the weighted average of the correlation values of the last 200bar was used. You can change the bar length as you wish. With the correlation value, you can see the parities that have similar movements with bitcoin and integrate them into your strategy.
You can change the coin list as you wish, and you can also calculate their correlation with etherium instead of bitcoin .
The indicator shows the correlation value of 36 altcoins at the moment.
The indicator indicates the color of the correlated parities as green and the color of the inversely correlated parities as red.
Cheers
Bitcoin (Kriptopara)
Dynamic Volume Oscillator [CryptoScripts]The Dynamic Volume Oscillator uses a combination of volume and momentum to nail whenever a reversal is likely to happen. I've also included divergences (both regular and hidden) that you can toggle on/off and adjust the settings to fit your trading style.
Colors - The green wave indicates an uptrend while the purple wave indicates a downtrend.
Overbought/Oversold - Green backgrounds indicate the DVO is oversold and a reversal to the upside is likely to happen within the next few candles. Red backgrounds indicate the DVO is overbought and a reversal to the downside is likely to happen within the next few candles. You can adjust the levels to trigger when the signal flashes. Experiment with different timeframes/altcoins to see which settings work best. Some coins are more volatile than others and lower timeframes tend to reach higher levels vs higher timeframes.
Divergences - The settings of 1 and 3 for the lookbacks are so the divergence signal appears only 1 candle before the actual divergence happens (on the replay tool) vs 4-5 candles from other indicators. This means your entry on a divergence signal is 2 candles after it prints (for backtesting purposes).
Alerts - I also added alerts for Overbought, Oversold, Regular and Hidden Bearish/Bullish Divergences.
Let me know if you have any questions! Enjoy :)
Volume ClusterVolume Cluster aggregates one-minute-based volume information over a specified arbitrary price range as a cluster. In delta mode, the accumulated volume is displayed based on the buy volume/sell volume information.
Stablecoins DominanceStablecoins Dominance
The purpose of the script is to show Stablecoin's strength in the crypto markets.
5 Largest Stablecoins divided by Total Market Cap
Altcoin Dominance (without ETH) Excluding Stablecoins UnsymetricAltcoin Dominance (without ETH) Excluding Stablecoins Unsymetric
The purpose of the script is to show Altcoin's strength without Ethereum once we exclude stablecoins.
So we look into all altcoins besides eth and besides stablecoins divided by a value of eth+btc
Altcoin Dominance Excluding EthereumAltcoin Dominance Excluding Ethereum
The purpose of the script is to show Altcoin's strength without Ethereum.
Pretty much shows Altcoin's Dominance in comparison to Market Cap once we exclude Ethereum.
ETH Dominance Excluding StablecoinsETH Dominance Excluding Stablecoins.
The purpose of the script is to show Ethereum's strength relative to other cryptocurrencies.
Pretty much shows ETH Dominance in comparison to Market Cap once we exclude the 5 largest stablecoins.
DXY Overlay CompareOverlays the DXY chart over the top of any other chart. When the dollar strength increases, asset prices can drop and vice versa. Was created personally to compare with the price of Bitcoin.
True Bitcoin Value USD - Mario MThe average mining costs of one bitcoin equals to the true intrinsic value
Globally, the Bitcoin network uses around 0.5% of the world’s electrical power supply.
The sheer amount of electrical power and complex hardware required to operate a mining farm has intrinsic value.
This gives bitcoin a fundamental cost to create, and thus intrinsic value.
The Price of Hard MoneyIf we calculate “the price of hard money” (the market capitalization weighted price of gold plus Bitcoin); we get this chart.
Since 2017, Bitcoin’s share of hard money growth has been increasing, we can see it visibly on the gold chart by a widening delta between the price of hard money and the Gold price. We can also see some interesting technical behaviours.
In 2021, Hard Money broke out and held this breakout above the 2011 Gold high. Only later in 2022 did a correction of 20% occur – typical of Golds historic volatility in periods of inflation and high interest rates.
Hard Money is at major support and we have evidence for a fundamental shift in investor capital flows away from gold and into Bitcoin.
This Indicator is useful:
- To track the market capitalization of Gold (estimated), Bitcoin and combined market capitalization of Hard Money.
- To track the price action and respective change in investor flows from Gold to Bitcoin .
Provided Bitcoin continues to suck more value out of gold with time, this chart will be useful for tracking price action of the combined asset classes into the years to come.
MarsMine_EnvelopThis indicator is an indicator for use in 5-minute period day trading strategies.
The indicator derives a power power based on past closing prices and substitutes the power value into a multiplier of Euler's constant to derive a range.
Bands were increased by substituting multiples into the derived range, and each band has a role.
You will enter a buy or sell between the first and second bands, and become comfortable on the opposite first band.
The third band is set as a stop loss standard.
이 지표는 5분봉 단타 매매 전략에서 사용하기 위한 보조지표입니다.
해당 지표는 과거 종가를 기반으로 멱수를 도출해내고 해당 멱수값을 오일러 상수의 승수에 대입하여 범위를 도출해냅니다.
도출해 낸 범위에 멀티플을 대입하여 밴드를 증가 시켰으며 각 밴드들은 역할이 존재합니다.
첫번째와 두번째 밴드 사이에서 매수 또는 매도 진입을 하게 되며, 반대의 첫번째 밴드에서 익절하게 됩니다.
세번째 밴드는 손절기준으로 설정합니다.
Integrated Implied Volatility C/FThe integrated version of IV CAP/FLOOR Premium and Bitcoin IV C/F.
Illustrating Cap-Floor bands based on statistical calculations using the implied volatility of Bitcoin, foreign currency pairs, commodities, bonds, and indexes.
Investing ZonesInvesting Zones indicator shows the areas where LONGS or SHORTS can be made, the areas are calculated based on the mathematical averages of the high and low peaks of the price.
-There is an area called "No trading Zone" where the price is too slow, It also has a Alma Trend Ribbon (blue for uptrend, pink for downtrend) that helps to make trading decisions.
-You can make shorts when the price enters the Yellow zone called the "Sell Zone" and the price is below the Alma trend, set the TP1 in the white dotted line, and TP2 in the white lower line
-You can make longs when the price enters the Green zone called the "Buy Zone" and the price is above the Alma trend, set the TP1 in the yellow dotted line, and TP2 in the yellow upper line
-It works in all timeframes, personally I use it in 1min, 5min and 1hr.
Wave Fusion By CryptoScriptsThe Wave Fusion indicator is finally here! This indicator is a combination of the Wave Strength Oscillator and RSVP Extractor. It used a combination of momentum waves, volume, price, RSI, and statistical analysis to help nail down whenever the current price is overextended and due for a reversal. I'm currently using the 1D timeframe for BTC but feel free to experiment on different timeframes to see what works best for you. In the description below, I'll go over each signal, how it's derived, and how to use them!
Oversold (Green shaded area) - The oversold indication appears whenever all oscillators are oversold and is usually a good indicator that a reversal to the upside is around the corner (at least for a short period). Be advised these are the weakest of the three signals so I recommend using this signal with other indicators (such as my MFI Pro).
Overbought (Red shaded area) - The overbought indication appears whenever all oscillators are overbought and is usually a good indicator that a reversal to the downside is around the corner (at least for a short period). Be advised these are the weakest of the three signals so I recommend using this signal with other indicators (such as my MFI Pro).
Green Diamond - The green diamonds indicate whenever one or more oscillators are oversold AND one or more oscillators are outside of the bollinger bands, which is great for catching reversals to the upside. These may come two or three at a time so it may be best to wait until they have all printed before entering.
Red Diamond - The red diamonds indicate whenever one or more oscillators are overbought AND one or more oscillators are outside of the bollinger bands which is great for catching reversals to the downside (as seen in the chart). These may come two or three at a time so it may be best to wait until they have all printed before entering.
Rocket - The rocket symbol occurs whenever ALL oscillators are oversold and one or more oscillators are outside of the bollinger bands . This is great for catching reversals to the upside but may come two or three at a time so it may be best to wait until they have all printed before entering.
Red Alarm - The red alarm symbol occurs whenever ALL oscillators are overbought and one or more oscillators are outside of the bollinger bands . This is great for catching reversals to the downside but may come two or three at a time so it may be best to wait until they have all printed before entering.
Moon - The Moon symbol occurs whenever ALL oscillators are oversold and ALL oscillators are outside of the bollinger bands . This is great for catching reversals to the upside but may come two or three at a time so it may be best to wait until they have all printed before entering.
Blood Moon - The red alarm symbol occurs whenever ALL oscillators are overbought and ALL oscillators are outside of the bollinger bands . This is great for catching reversals to the downside but may come two or three at a time so it may be best to wait until they have all printed before entering.
Strongest to Weakest Buy Signals - Moon --> Rocket --> Green Diamond --> Green Shaded Area
Strongest to Weakest Sell Signals - Blood Moon --> Red Alarm --> Red Diamond --> Red Shaded Area
Input Options
Show Histogram - I also included a Histogram in the indicator to help gauge the level of buys/sell strength but kept it hidden for the default levels (i.e a green diamond with a red histogram bar is usually a good sign a reversal is about to happen to the upside whereas a green diamond with a green histogram bar may indicate a false reversal and there's still more room to the downside until a red bar appears. Always backtest this!)
Show Overbought/Oversold Levels - This is if you want to ignore all of the green/red shaded areas and only focus on the diamonds and rocket/alarm signals
Wave Overbought/Oversold Levels - Free free to change to value of the overbought/oversold levels to change where the green/red shades areas print
Momentum Overbought/Oversold Levels - Free free to change to value of the overbought/oversold levels to change where the green/red shades areas print
Histogram Length - This will not change anything with the signals but I included it so you can change the visuals if it helps you
Momentum Length - This will change where the signals plot
Momentum Signal - This only changes the yellow signal line and nothing else. It's not incorporated into any equation
Average Length - This will change where the signals plot
Alerts
I've set alerts on this indicator for each icon (Oversold, Overbought, Green Diamond, Red Diamond, Rocket, Red Alarm, Moon , Blood Moon). I HIGHLY recommend setting the alerts for Candle Close so that you can be sure the signal is confirmed.
You may notice that the indicator can give multiple signals back-to-back or be overbought/oversold for multiple candles. When this happens, it's best to look at other indicators such as the MFI Pro, MACD, etc to nail the best entry and have confluence with your decision. With that said, having multiple signals back-to-back can also be an indication that the move is close to happening. This indicator works with crypto and stocks as well.
If you have any questions or would like to purchase this indicator, please comment below or PM me. I also made a video tutorial for the indicator on my Youtube channel (link is next to my profile pic)
Be advised past performance is not indicative of future returns. Backtest EVERY timeframe and NEVER blindly take signals! Also, never invest more than you can afford to lose.
Enjoy :)
Bitcoin Miner Extreme SellingThis script is for identifying extreme selling. Judging by the chart, Bitcoin miners often (not always) sell hard for two reasons: to take profit into parabolic price rises, or to stay solvent when the price is very low.
Extreme selling thus often coincides with long-term tops and bottoms in Bitcoin price. This can be a useful EXTRA data point when trying to time long-term Bitcoin spot or crypto equity investment (NOT advice, you remain responsible, etc). The difference between selling measured in BTC and in USD gives a reasonable idea of whether miners are selling to make a profit or to stay solvent.
CREDITS
The idea for using the ratio of miner outflows to reserves comes from the "Bitcoin Miner Sell Pressure" script by the pioneering capriole_charles.
The two request.security calls are identical. Another similarity is that you have to sum the outflows to make it make sense. But it doesn't make much difference, it turns out from testing, to use an average of the reserves, so I didn't. All other code is different.
The script from capriole_charles uses Bollinger bands to highlight periods when sell pressure is high, uses a rolling 30-day sum, and only uses the BTC metrics.
My script uses a configurable 2-6 week rolling sum (there's nothing magical about one month), uses different calculations, and uses BTC, USD, and composite metrics.
INPUTS
Rolling Time Basis : Determines how much data is rolled up. At the lowest level, daily data is too volatile. If you choose, e.g., 1 week, then the indicator displays the relative selling on a weekly basis. Longer time periods, obviously, are smoother but delayed, while shorter time periods are more reactive. There is no "real" time period, only an explicit interpretation.
Show Data > Outflows : Displays the relative selling data, along with a long-term moving average. You might use this option if you want to compare the "real" heights of peaks across history.
Show Data > Delta (the default): Only the difference between the relative selling and the long-term moving average is displayed, along with an average of *that*. This is more signal and less noise.
Base Currency : Configure whether the calculations use BTC or USD as the metric. This setting doesn't use the BTC price at all; it switches the data requested from INTOTHEBLOCK.
If you choose Composite (the default), the script combines BTC and USD together in a relative way (you can't simply add them, as USD is a much bigger absolute value).
In Composite mode, the peaks are coloured red if BTC selling is higher than USD, which usually indicates forced selling, and green if USD is higher, which usually indicates profit-taking. This categorisation is not perfectly accurate but it is interesting insomuch as it is derived from block data and not Bitcoin price.
In BTC or USD mode, a gradient is used to give a rough visual idea of how far from the average the current value is, and to make it look pretty.
USAGE NOTES
Because of the long-term moving averages, the length of the chart does make a difference. I recommend running the script on the longest Bitcoin chart, ticker BLX.
To use it to compare selling with pivots in crypto equities, use a split chart: one BLX with the indicator applied, and one with the equity of your choice. Sync Interval, Crosshair, Time, and Date Range, but not Symbol.
TSG's Binance Round NRs - only for BTCThis is good real-time / scalp indicator for those scalping Bitcoin.
It is based solely on Binance's BTCUSDT Perpetuals, but can be used on any BTCUSD pair as I am requesting info directly from Binance's chart.
IDEA
I have spotted that many times, round nrs (most likely caused by algo-trading) mark a top / bottom on a trend. Many times have catched extremes because of this technique and I have now coded it into an indicator on TradingView.
Feel free to test it out - It's not a 100% strategy - but if you spot round nrs around confluences - your odds go up big time.
SETUP
You are able to set the amount of candles you want to search for - default is 20.
Ofcourse we look only for extremes, therefore it will only look for extreme highs and lows within the amount of candles of your input.
HOW TO READ IT
The indicator will mark only the last High and Low matching the criteria - above and below the candle with the price number.
Good luck!
Coin & market cap tableThis table was built specifically for the Crypto market.
It gives you a quick overview of the markets without having to scroll through numerous charts. The information is the overall markets daily change and the charts coins movement on a daily, weekly and monthly basis.
The weeks start on a Monday morning, the months start on the 1st of the month so this is last weeks data and last calendar months data.
It also gives you Bitcoins dominance. (Total2) you can change it to Bitcoin & Ethereum dominance (Total3)
Bitcoin Long Time Cycle Detection (RGB Box)Hi!
I tried to analyze bitcoin's cycles since the beggining at INDEX:BTCUSD (on 1D timeframe) using some tools like Moving Averages and Ichimoku Cloud and Fibonacci Levels based on ATH prices of each cyle. Each cycle type is represented by colors:
1- Green is when the price is going to have a new ATH compared to the last ATH
2- Red is when the price is going to move down from the last ATH
3- Blue is when the price seems not going down anymore and moving up go get to the last ATH
The result is very interesting because each cycle has similar behaviours. The Main cycle is when there is a Green, Red and Blue and then there will be a Green again for the new cycle.
Logic of detecting Red part some times makes a Red between two Green s (which is normal but it makes a bit difference in the behaviour of the last part of that shorter Red part) so the valuable part is the Blue !
You can see the interesting noticable similarity of the Blue 's price movement and duration (written in the boxes).
What I understood from this model about each part was:
In the Greens, strongest candles of the whole market appear with higher volumes. which are the shortest parts too.
in the Reds, we see a lot of hammer candles here, price moves down step by step (unless it is going to have a NEW ATH which makes the duration of Red part vert shorter than the main Red parts before the Blue). Temporary resistances make some range channels but finally the price will go down a lot!
in the Blues, the main weak uptrend from the bottom which is finally going to see its last ATH price, but very slowly and weakly compared to the Green part. Some times there will be a lot of temporary downtrends too but in the end, price is going up. this part maybe the best time to buy for long time holding.
What makes this model interesting is that cycles match fundamental events like HALVING and periodic cycle analyses based on that.
In the last cylce we haven't seen the Blue Signal yet! so there should be alot of more patient till we say there will be no more down.
I hope it gives you more insight on the long term trend of crypto. I would be glad to hear your ideas to improve the model.
Helicopter!Review
This indicator automatically calculates the best trade entry based on volume and real-time volatility. After the algorithm analyzes the current characteristics of the market, an entry signal is placed on the chart. As a result, the trader can be sure that the signal is based on data analysis. One of the key elements is reverse transactions. A long or short position can be stopped either at a profit or at a small loss without compromising the potential profit.
!Risks
The market is unstable, and it is impossible to know what the future holds for it. The only way to manage risk. You can limit the loss by setting a stop loss of 1% from the entry point. Take profit is recommended to set with a ratio of 1:1, 1:2,1:3, with partial fixation of 40%, 30%, 30%!
!Trading recommendations
Trades are opened when a green arrow appears, selling when a yellow arrow appears. Be sure to wait for the candle to close and the signal to appear (the signal may flash when the candle is formed). Recommended timeframes: 1min, 3min, 15min. The indicator is designed for scalp trades and intradays!
!Technical part
The indicator is based on the EMA 20 and EMA 200 moving averages. It is also based on the open and close of past days, weeks, months.
RSI are used.
RSI is a classic oscillator built on the basis of calculating the relative rate of change in asset prices over a given period.
Additional tools: volume and volatility.
NO REPAINT!
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Denial of responsibility
The information contained in my Scripts/Indicators/Ideas/Algorithms/Systems does not constitute financial advice or an offer to buy or sell any securities of any kind. I do not accept liability for any loss or damage, including but not limited to any loss of profits that may arise directly or indirectly from the use of or reliance on such information.
Bitcoin Miner Sell PressureBitcoin miners are in pain and now (November 2022) selling more than they have in almost 5 years!
Introducing: Bitcoin Miner Sell Pressure.
A free, open-source indicator which tracks on-chain data to highlight when Bitcoin miners are selling more of their reserves than usual.
The indicator tracks the ratio of on-chain miner Bitcoin outflows to miner Bitcoin reserves.
- Higher = more selling than usual
- Lower = less selling than usual
- Red = extraordinary sell pressure
Today , it's red.
What can we see now ?
Miners are not great at treasury management. They tend to sell most when they are losing money (like today). But there have been times when they sold well into high profit, such as into the 2017 $20K top and in early 2021 when Bitcoin breached $40K.
Bitcoin Miner Sell Pressure identifies industry stress, excess and miner capitulation.
Unsurprisingly, there is a high correlation with Bitcoin Production Cost; giving strong confluence to both.
In some instances, BMSP spots capitulation before Hash Ribbons. Such as today!
Cheat Code's RedemptionWELCOME TO THE CHEAT CODE REDEMPTION PACK!!!!
I want to take a deep dive into what this indicator consists of and how you can use it to improve your trading strategy.
-What does the CCR consist of?
The Oscillator:
The oscillator is a combination of a true strength index sampled from on-balance volume and a regular RSI at default settings. The reason I added the on-balance volume is that it does not tend to remain at overbought or oversold conditions as traditional momentum oscillators do.
The Histogram:
The histogram is copied to a tee from the MACD histogram, the only difference here is that I extended the moving averages to depict a special pairing; the ema55 slow and ema21 fast. I then converted it into another true strength index, as the calculations fit all time frames.
The Divergences:
The divergences of an indicator can be extremely useful in catching scalp opportunities, a DARK RED/GREEN represents a REGULAR divergence, while a SALMON/LIGHT GREEN color represents a HIDDEN divergence.
The moving average:
The moving average built into this indicator is depicted as an aqua or yellow line, when the oscillator is moving in an uptrend, the moving average will appear aqua, when the oscillator is in a downtrend it will appear yellow. Use this as confirmation bias or as the third derivative of market position.
Oscillator Colors:
The Oscillator color is an important thesis of this indicator. When the line is green, it means the market is effectively in an uptrend, when it is red, it means the market is in a downtrend. Use this to prevent longing in a serious downtrend and vice versa.
If you have any questions regarding the indicator(s), feel free to reach out to me in the comments or through Direct Message!!!
Safe Trading, Don't get Rekt
- CheatCode1 <3
FieryTrading: Buy The Dip - Sell The RipDear Tradingview community,
Today I want to share a very powerful, yet easy to use indicator with you. The indicator will find local tops or bottoms and will help you determine when it's a good time to trade a potential reversal.
How does it work?
The indicator makes use of the RSI to detect extremities and waits until the RSI reverses. Furthermore, a long-term moving average is used to determine whether we're in bullish or bearish market conditions. In bullish conditions the indicator will only go long, in bearish conditions the indicator will only go short.
How do I use it?
Favorite the indicator and apply it to your chart! You can add an alert to the indicator to receive a message once it has detected a good point for a reversal trade.
The indicator can be used on all assets and on all timeframes. Personally, I've found the 1 - 4 hourly timeframes to yield the best results.
Good luck!
BTC's #4 Whale Sells [TheSecretGuy]Hello there !
I have been tracking BTC richests wallets for some time - and one of them seems to be aligning its sells pretty well with what the market is about to do.
BTC's Whale #3 (now Whale #4) has been selling his BTC in very crutial moments - therefore I felt that converting this into an indicator will give us a pretty visual feedback of what that Whale expects to happen at a given point.
In order to do that, I have listed manually all of his sells (dates) until today and placed a vertical line on the chart on each of these dates.
This sadly can't be automated as Pinescript language doesn't allow to reach outter data - I'd need to update this manually.
Hope this helps you a bit, Cheers!