Trendmaster - Crypto Miner Confidence MetricWhat it is:
The Crypto Miner Confidence Metric analyses a handful of highly utilized Crypto networks to gain insight into the potential sentiment amongst those securing them and more specifically Crypto miners.
What it does:
It takes into account the overall trend in the increase or decrease of current computational power securing the networks, otherwise known as the hashrate - as well as the overall network inflows/outflows and holdings of those miners.
How to use it:
Using this data we can conclude whether their stance is currently Bullish or Bearish, with a value of 100 indicating an extremely positive future outlook from miners and a value of 0 representing a severe lack of confidence. Changes or pivots in the direction of miner confidence can indicate a shift in their Bullish or Bearish stance.
Bitcoin (Kriptopara)
Money Supply Index (MSI) by zdmreThe primary objective of the states monetary policy is to maintain price stability with sustainable maximum economic growth. In anticipation of higher inflation , the Central Banks raise short-term interest rate thereby to reduce money supply. Conversely, the Central Banks reduce short-term interest rate to inject additional money into the economy in apprehension of unleashing recessionary forces. The stock markets usually respond negatively to interest rate increases and positively to interest rate decreases. The linkages between money market and stock market a wealth effect due to a change in money supply disturbs the equilibrium in the portfolio of investors.
This index indicates the long-run and short-run dynamic effects of broad money supply (M2) on U.S. stock market (this symbol is optional (Bitcoin, Gold or Oil or other markets etc.)).
#DYOR
Z.A.H.It's a scalping script, which can be used using Heikin Ashi candle on 5min time frame (I personally use it for BINANCE:BTCUSDT and BINANCE:ETHUSDT scalping).
We've tried to include SL and target (1.5R and 2R) in this as well, and it works well but sometimes (please note SOMETIMES..SOMETIMES, it can be few..few pips here and there)
Idea is simple, you take the trade based on the signal given by the script and place your SL as per the script and then target 1.5R for 80% of your position and 20% for the remaining 20% of your position.
One extra thing which I've found useful is, you can use Awesome Oscillator (default setting) as well for placing SLs. If you use this method for placing SL, then just place your SL at the last green awesome oscillator candle for shorts and at the last red awesome oscillator candle for longs. From there target 1.5R and 2R.
Overall results are same for either, so you can use it as per your convenience. For any query, you can send me a DM on discord or twitter.
BTC Twitter SentimentBTC Twitter Sentiment - shows the total numbers of all negative, neutral and positive Bitcoin related tweets.
On default settings, the tweets are plotted in red (negative) white (neutral) as well as green (positive). The three charts are stacked so the total number of tweets is easily discernible.
Furthermore, there's an optional smoothing setting in the options.
The Twitter Sentiment data is provided daily by IntoTheBlock; Since data is only updated once a day the graph might look chunky on lower timeframes, even with smoothing.
Stable Coin Dominance RSIThe Stable Coin Dominance RSI evaluates the relative dominance of stable coins within the crypto ecosystem as compared to the total market cap. As stable coin dominance rises, it suggests that market participants are exiting out of crypto assets and into dollar pegged stable coins. The opposite is true inversely; as stable coin dominance diminishes, it suggests that market participants are divesting out of stable coins and into crypto assets.
Stable coin dominance can be expressed as a percentage of the total market cap as follows: Stable Coins / Total Crypto. The Stable Coin Dominance RSI indicator uses this percentage and converts it into an oscillator using the formula for the relative strength index.
The calculation for the indicator is: RSI
The users can select from USDT and USDC, two most dominant stable tokens by market cap, and compare their relative dominance against Bitcoin and the alt market.
The Stable Coin Dominance RSI may be useful on larger timeframes when attempting to identify the market’s appetite for risk along with oversold and undersold readings which may indicate pivots or turn arounds along market extremes.
The limitation of the indicator lies in the fact that stable coins continue to make up a growing percentage of the total market cap over time and thus comparisons to earlier cycles will not be a perfect apples-to-apples evaluation. This being said, the smoothing function of the RSI’s look back helps to moderate these comparative differences.
BTC spot volumeIndicator with aggregated volume for all the most actively traded bitcoin spot markets.
Can be denominated in either US dollars or the number of coins traded.
Can be displayed as stacked volume or an index that shows the percentage market share each market has.
In the settings you can exclude any market so that it only shows the individual and total volume of the markets you're interested in.
The currency it's traded against is always specified (e.g. USDT, BUSD, ...).
It's public and free for anyone to use.
BTC perpetual swaps volumeIndicator with aggregated volume for all the most actively traded bitcoin perpetual swaps.
Can be denominated in either US dollars or the number of coins traded.
Can be displayed as stacked volume or an index that shows the percentage market share each contract has.
In the settings you can exclude any contract so that it only shows the individual and total volume of the markets you're interested in.
"Linear" or "inverse" refers to the type of perpetual swap contract it is.
Inverse contracts use coin margin, so in this case BTC.
Linear contracts use some type of dollar equivalent margin like USDT for example.
The margin is always specified for the linear contracts.
It's public and free for anyone to use.
BTC Miner Netflows with smoothingBTC Miner Netflows with smoothing - shows the difference between Miner Inflow and Miner Outflow.
Miner income, sales as well as holdings, are generally considered to have a huge market impact, by analyzing miner Netflows, users can gauge if overall miners are accumulating or selling; high positive values point to accumulation, while negative numbers indicate net selling.
Data queried from IntoTheBlock.
BTC Hashrate with smoothingBTC Hashrate with smoothing - thanks to the recent integration of IntoTheBlock data into Tradingview, we can now effortlessly show Hashrate data on our chart.
One popular use for Hashrate is to buy when the 30 day moving average crosses above the 60 day moving average, signifying that miner capitulation is over and recovery has started.
Definition
The Bitcoin hash rate is the number of times per second that computers on the Bitcoin network are hashing data to verify transactions and perform the encryption that secures the network. The hash rate is an indicator of how healthy the Bitcoin network is at any given time, and is driven primarily by difficulty mining and the number of miners. Generally, a high hash rate is considered a good thing.
More precisely, the Bitcoin hash rate is the number of times per second that computers on the Bitcoin network are hashing data to verify transactions and perform the encryption that secures the network.
TARVIS Labs - Bitcoin Macro Bottom/Top SignalsSCRIPT DESCRIPTION
This is a script specifically written to help provide indicators from a macro view. This script is best run on the 1 day interval on Bitstamp's $BTCUSD chart. It helps indicate when to accumulate bitcoin, and when its in a bull run when there are local tops, strong top warnings, and a signal to exit a bull run. This is described further below.
If you don't have interest in trading on the way to the top I suggest turning off the following indicators in the settings of the indicator:
- Opportunity To Buy Back In Indicator
- Local Top Near Bull Run Top Indicator
ACCUMULATION ZONE INDICATOR - LIGHT GREEN
Description
When we look at the history of Bitcoin every bottom has crossed below the 100 week EMA. Once it does its accompanied by hash ribbon cross with miner capitulation. After that is the prime time to accumulate as theres a clearer signal the bottom is in. Specifically, a signal to look for is the 14 day MACD/signal cross and the 14 day MACD continuing to stay above the signal until the price returns above the 100 week EMA. This is prime accumulation territory.
Strategy for Usage
A good strategy to use when accumulating the bottom is dollar-cost averaging over a 30 day period. The accumulation zone can last longer than 30 days but 30 days is a good range of time to DCA.
STRONG BUY IN ACCUMULATION ZONE INDICATOR - DARK GREEN
Description
We can add to the bottoming signal by looking for post-downtrend reversals inside the bottoming signal. We do this by using a 9/19 daily cross.
Strategy for Usage
These post-downtrend reversals can potentially provide better targeted days for accumulation than the broader bottoming signal and can be used to add more on that day than on an average day for the dollar cost average strategy. Say for example, use 1/3 of funds on these days rather than 1/30th.
OPPORTUNITY TO BUY BACK IN INDICATOR - BLUE
Description
When the 1d 18 EMA > 1d 63 EMA and the 12/52 1d crosses. These together provide good buy opportunities to buy bitcoin.
Strategy for Usage
If you happen to find yourself out of the market from your own TA or a trade, this signal can provide a buy opportunity to reenter the market if you're out of it.
BULL RUN LOCAL TOP INDICATOR - ORANGE
Description
We will similarly use the 100 week EMA to determine trend reversal into a bull run. When we see the 100 week EMA uptrending, we can begin to look for local tops using the 9/19 daily MACD/signal bearish cross along with the 12 EMA having a negative slope, which could be the beginning signal for a local top.
Strategy for Usage
This is a rather light indicator, but can be used in tandem with your own technical analysis to determine if you want to reenter after you exit from its signal.
LOCAL TOP NEAR BULL RUN TOP INDICATOR - RED
Description
When the 100 week EMA is in an uptrend we can look for significant loss of momentum in order to determine if a local top is in near a bull run top. Similar to the Bull Run Local Top Indicator, this strategy uses a MACD/signal cross but instead uses the 30/65 day EMAs.
Strategy for Usage
Ideally the right strategy to use here is to exit the market when this indicator starts. When the indicator ends if the "End of Bull Run Indicator" is not showing on the chart you can buy back into the market.
TOP IS LIKELY IN INDICATOR
Description
When the 100 week EMA is in a very strong uptrend and the 9/19 weekly MACD/signal bearish cross occurs, and the 63 EMA begins to downtrend.
Strategy for Usage
This signal typically accompanies the "Local Top Near Bull Run Top Indicator" therefore if you're following the strategy you would likely already be out of the market, but if you're not and this signal fires its a strong signal the top is in and we're likely going to start seeing a strong retrace. This is typically right before we see the "End of Bull Run Indicator". There is only one occurrence where it wasn't followed by a large drop & the "End of Bull Run Indicator" and that was in the 2017 bull run where there were many strong retracements post local top. The likelihood we see that again is low, but if it were to happen you can buy back into the market when the "Top is Likely In Indicator" and the "Local Top Near Bull Run Top Indicator" are not firing.
TOP IS LIKELY IN INDICATOR
Description
When the 100 week EMA is in a strong uptrend and the 9/19 weekly MACD/signal bearish cross occurs, and the 63 EMA begins to downtrend.
Strategy for Usage
This signal typically accompanies the "Local Top Near Bull Run Top Indicator" therefore if you're following the strategy you would likely already be out of the market, but if you're not and this signal fires its a strong signal the top is in and we're likely going to start seeing a strong retrace. This is typically right before we see the "End of Bull Run Indicator". There is only one occurrence where it wasn't followed by a large drop & the "End of Bull Run Indicator" and that was in the 2017 bull run where there were many strong retracements post local top. The likelihood we see that again is low, but if it were to happen you can buy back into the market when the "Top is Likely In Indicator" and the "Local Top Near Bull Run Top Indicator" are not firing.
END OF BULL RUN INDICATOR
Description
When the 100 week EMA is in an uptrend and the 1d 18 EMA crosses the 1d 63 EMA.
Strategy for Usage
When the 100 week EMA is a strong uptrend and the 18/63 cross occurs the top is very likely in. It has occurred in every bull run top leading to the bear market.
Crypto Force IndexIntroduction
The Crypto Force Index (CFI) indicator helps us understand the current strength and weakness of the price. It is very useful when used on high timeframes for investment purposes and not for short term trading.
To determine the strength and weakness of the price, a level grid based on the RSI indicator is used.
Based on the RSI value, red circles (oversold condition) and green circles (overbought condition) appear under the price candles. The more intense the color of the circles, the more that the current price is in an overbought or oversold condition.
The signal levels are all configurable to adapt the indicator across multiple instruments and markets.
The default configuration have been designed to obtain more accurate signals on Ethereum and Bitcoin, using the weekly timeframe.
Why Crypto Force Index?
The Crypto Force Index (CFI) is the consequence of my study of investments based on the accumulation plan. I wanted to demonstrate that I am improving the returns of the classic DCA ( dollar cost averaging ) and VA ( value averaging ).
After finding my own model of an accumulation plan, I decided to create the Crypto Force Index to help me visually enter the market.
The formulas of the indicator are very simple, but my studies confirm the power of this tool.
How are the signals to be interpreted?
The Crypto Force Index helps us to highlight the overbought and oversold areas, with the use of circles under the price of candles and with a thermometer inserted at the base of the graph, where all the phases of strength and weakness are highlighted.
As soon as the red circles start to appear on the chart, that may be a good time to enter LONG to the market and start accumulating. If the circles are green, we can consider decreasing the current exposure by selling part of your portfolio, or decide to stay flat.
I personally use these signals on the weekly timeframe, to decide to feed my accumulation plan at the beginning of each month.
I hope it can be of help to you! Please help me improve the Crypto Force Index! :)
Blockchain Fundamentals - Active Address Sentiment Osc. [CR]Blockchain Fundamentals: Active Address Sentiment Oscillator AASO
Back with another script today, this one is a useful tool in helping to determine bitcoins value. We are looking at 2 data sources: the daily active addresses on the BTC blockchain, and the daily returns of BTC.
THIS INDICATOR WILL ONLY GIVE YOU THE CORRECT RESULTS ON THE DAILY TIMEFRAME
There is an interesting relationship that you can see by comparing the two timeseries. But for us to create a good indicator we first need to normalize the data. So we look at the percent change over the past 28 days for each metric (DAA and price).
THIS INDICATOR WILL ONLY GIVE YOU THE CORRECT RESULTS ON THE DAILY TIMEFRAME
We then calculate standard deviation bands around the DAA metric. We finalize them by averaging the bands over a 28 day period.
When the Price series (yellow line) is higher than the SD bands BTC is considered overvalued or price is overheated. A pullback could be expected soon. When the Price series is below the SD bands BTC is considered undervalued or price is oversold.
THIS INDICATOR WILL ONLY GIVE YOU THE CORRECT RESULTS ON THE DAILY TIMEFRAME
This tool doesnt give signals on the one minute chart or tell you exactly when to buy or sell. BUT what it does do is act as a convenient macro sentiment indicator that is not based completely upon price.
In an attempt to narrow down the really juicy areas, if you seen the background color highlights with white, that means its likely a top or bottom. At the very least on a local sense and many times in a cyclical macro sense as well. It also narrows down the signal to a generally more profitable area.
This indicator is not meant to be used on timeframes other than daily (did I mention that already?). I am lazy and did not code the calculations to be MTF (which is why you have to use on the daily chart). If you want to code this, please forward it on to me and I will post an update with a heartfelt credit to you.
Blockchain Fundamentals: Electricity Cost of BTC [CR] Blockchain Fundamentals: Electricity Cost of BTC
After a hiatus, now a return to publishing tools and scripts for the community. This is my first script in over and year, and I have a number more coming soon as well! (so Stay Tuned!)
This is a simple calculator to estimate the cost of Bitcoin miners to mine one bitcoin. It works on all timeframes (doesnt have to be on daily).
By entering the inputs of total TH's, kWh used, cost of electricity per kWh (in USD cents) we can generate the electricity cost.
But miners also have other costs of operation including HVAC, maintenance, rent, etc. In light of that we include a multiplier that accounts for these extra costs. First, type in what percent of your total operating costs come from the electricity. Then check the enable total cost plot option and you will also see total costs in addition to electricity costs.
Its a simple model and gives anyone curious a starting point for their own testing and research.
Munich's Momentum Wave V2MUNICH'S MOMENTUM WAVE VERSION 2 IS LIVE!!!
There are a few big things to note with this one.
I decided to upload this as an entirely new script due to the number of changes differing from the first version, but as the last one, this will still work on ANY TIMEFRAME, ANY ASSET CLASS, ANY PRICE! .
This momentum wave indicator now will give you data for when trend could turn, and two momentum indicators to help you decide when to take an entry.
First off,
*I have added an alma ma (alma) that will track momentum alongside price action and further lead the indicator consisting of the Munich waves.
* The background feature will track the price using a method derived from the Bollinger bands, after calculations, it will color the background based on the average of the momentum's ema's, the alma ma, and also the alma in comparison to the alma's value pre offset ( the offset is 3, following the basis).
*There are now 5 basis values given from the increase in ema samples.
If anyone has any questions feel free to pm me or comment below. Thank you guys for the support! :)
INDEX:BTCUSD TVC:NDQ AMEX:SPY BITSTAMP:ETHUSD BINANCE:BTCUSDT FX:USDJPY NASDAQ:AAPL
München's Momentum WaveMUNICH'S MOMENTUM WAVE:
This momentum tracker has features sampled from Madrid's moving average ribbon but has differentiated many values, parameters, and usage of integers. It is derived using momentum and then creates moving averages and mean lengths to help support the strength of a move in price action, and also has the key mean length that helps determine HL/LH or rejections into trend continuation. This indicator works on ALL TIME FRAMES, ALL ASSET CLASSES ON ALL SETTINGS!!
HOW DO I USE IT?
*First off, I have arranged the input settings into groups based on the parts of the indicator it affects.
*You want to use the aqua/white/yellow (Munich's line) as your leading indicator, this is a combined average of the MoM indicator.
* When using Munich's line you want to look at the relation to the mean line (the flat line that adjusts based on price action. You will often see rejections of this line into trend continuation. I personally have caught perfect LH/HL bounce trades off of this indicator.
* Use the Background and other colored moving averages to help pre-determine moves based on the -3 offset value of Munich's line. This was by design not to create 'accurate' results, but to help predict momentum swings based on sharper moves in price action better than if all values lined up to the current bar.
Cheat Code's Notes:
I hope you guys find this indicator to be useful, this is most likely the best indicator that I have written. Simply for the fact it is useful on any chart, any timeframe with any setting. If you guys have any issues with it, shoot me a pm or drop a comment. Thanks!
-CheatCode1
BINANCE:BTCUSDT BITSTAMP:ETHUSD BITSTAMP:BTCUSD PEPPERSTONE:JPYX TVC:DXY TVC:NDQ AMEX:SPY
Stablecoins CorrelationThe indicator shows the correlation between stablecoins and bitcoin by means of liquidity flowing from stables to crypto and back. Where the indicator has highs, the bitcoin is usually the bottom and vice versa.
Dap's Oscillator- Short Term Momentum and Trend. BINANCE:BTCUSDT BYBIT:BTCUSDT BYBIT:ETHUSDT BINANCE:ETHUSDT
DAP's OSCILLATOR:
WHAT IS IT?
This Oscillator was created to inspire confidence in the short-term trend of traders. This will work very well with a volatility metric (I recommend BBWP by @The_Caretaker)
WHAT IS IT MADE OF?
1. Consists of a series of equations (mainly the difference between simple to exponential moving averages) and Standard deviations of these moving average differences (length equivalent to the length of sampled ma's)
2. These equations are then boiled down through an averaging process array, after averaging the covariants are equated against the variants of the positive side of the array. This is what is presented as the aqua line.
3. The RC average (yellow) is the sma following the DAP'S Oscillator at a specified length
4. The most important part of this indicator is simply the momentum oscillator represented as a green or red line based on the value relative to the Oscillators.
HOW DO I USE THIS?
As I mentioned before mixed with a volatility metric, it should set you up for a good decision based on short-term trends. I would say to be careful for periods of consolidation, with the consolidation the momentum often meets hands with DAP's Oscillator and can cause fake-outs. You want to spot divergences from the price to the momentum difference, as well as room to work down or upward to secure a good entry on a position.
CHEAT CODE'S NOTES:
I appreciate everyone who has boosted my previous scripts, it means a lot. If you want to translate words to pine script onto a chart, feel free to PM me. I would be happy to help bring an indicator to life. I may take a quick break but will be back shortly to help create more cheat codes for yall. Thanks!
-Cheat Code
CryptoCoelloESP----El indicador CryptoCoello es un indicador basado en scalping, se recomienda usar en tendencias de 1,3,5 minutos. Útil para todo tipo de activos y gráficas. El indicador dará una señal de compra cuando el precio haya tenido un desplome grande y llegue a puntos de sobreventa en RSI, RSI stochastic y Volumen diario. Dará señal de compra cuando las 3 sobreventas confluyan. Lo más probable es que el precio rebote en el corto plazo. La única que vez que no funciona es cuando hay un desplome en el activo y por lo tanto da señales falsas mientras sigue bajando, así que es recomendable que entres en la señal de compra solo una vez, si el precio sigue bajando y sigue dando señales no sigas abriendo compras, si se trata de un desplome posiblemente te llegue a dar de 1-4 señales falsas de compra. Los puntos de venta se recomiendan hacer cuando el RSI llegue a sobrecompra o cuando el precio llegue a la línea verde superior del indicador. Se puede usar el indicador solo o se puede usar el indicador como confluencia de tu propia estrategia. EL FUNDAMENTO DEL INDICADOR es ENCONTRAR CONFUELCIAS DE SOBREVENTA en los INDICADORES.
ENG----The CryptoCoello indicator is an indicator based on scalping, it is recommended to use in trends of 1,3,5 minutes. Useful for all types of assets and graphics. The indicator will give a buy signal when the price has had a big crash and reaches oversold points on RSI, Stochastic RSI and Daily Volume. It will give a buy signal when the 3 oversold come together. Most likely, the price will bounce in the short term. The only time it does not work is when there is a crash in the asset and therefore it gives false signals while it continues to fall, so it is recommended that you enter the buy signal only once, if the price continues to fall and continues to give signals do not continue to open purchases, if it is a crash it may give you 1-4 false purchase signals. Sell points are recommended to be done when the RSI becomes overbought or when the price reaches the upper green line of the indicator. You can use the indicator alone or you can use the indicator as a confluence of your own strategy. THE RATIONALE OF THE INDICATOR is TO FIND OVERSOLD CONFUELCIAS in the INDICATORS.
[KRONOS] DeviationsDescription
This indicator calculates the differences between the current price and the local support or resistance, and normalizes it into a range.
The value basis is calculated from a defined period of time that is then multiplied to get a standard deviations and a max. and min. value subtracted and divided into a final value.
It includes
Extreme zones. This value appears as blue and red lines which deviates from the oversold to overbought range.
Momentum. Lower time frame momentum is represented by a gray histogram as well as a signal line oscillating from a red to blue color.
Strong reversal. Red ( bearish ) and blue ( bullish ) columns will appear on the histogram when our algorithm detects that the strength of momentum is coming to an end indicative of a trend reversal.
Trend confirmation. Red or blue arrows will act as a trend confirmation.
Support and resistance . The zero line will frequently serve as a S/R area.
Divergences. You can use this indicator to detect potential pivot areas.
How to use?
Sell/Short when the histogram shows a red column and the signal line is in or above the overbought area (colored in red).
Buy/Long when the histogram shows a blue column and the signal line is in or below the oversold area (colored in blue).
extra tip: if you entered a trade based on the above conditions, you can partially increase your position each time you see a confirmation arrow.
[KRONOS] MomentumDescription
This indicator is based on an algorithm which provides accurate momentum tracking on every timeframe. It is visualized as a colored histogram and through some other tools.
The value is calculated from an exponentially weighted moving average that is used to get a high and a low deviation, merging the last value into a range.
It includes
Overbought and oversold fixed areas. Their purpose is to facilitate the recognition of areas where the trend is likely to end or cool down. They are also marked with a background coloring.
Zero line. It typically represents a change of trend when the price crosses under or over it.
Volume shifts. Colored arrows will appear whenever a volume change is detected.
How to use?
Buy/Long on a blue confirmation arrow
Sell/Short on a red confirmation arrow
Take profit when the indicator starts showing a blue background
Take profit when the indicator starts showing a red background
extra tip: the zero line often acts as support / resistance similarly to the overbought and oversold areas
[KRONOS] Gamma StrengthDescription
This indicator's main component is the signal line which represents a very responsive market strength value calculated from real time data and normalized into a range (0 - 0.5 - 1). Indicator is using Stochastic and RSI functions to get raw value filtered through a linear regression, helping users predict imminent market directions. Lastly, this value oscillation is converted into a range to notice overbought and oversold zones at a quick glance.
It includes
Divergence. Indicator plots R for regular divergence and H for hidden with minimal possible delay which can be used to notice irregularity in the market.
Extreme overbought and oversold areas. Colored background extreme areas are showing points where a reversal is approaching.
How to use?
Buy/Long when the indicator line goes out of the blue/oversold area.
Sell/Short when the indicator line goes out of the red/overbought area.
extra tip: you can use the zero line and overbought/oversold zones as either a take profit or an entry area.
Binance Basis OscillatorBinance Basis Oscillator illustrates the premium or discount between Binance spot vs perps.
This indicates whether speculators (i.e. traders on perps) are paying premium vs spot. If true then speculation is leading, indicating euphoria (at certain levels).
Conversely, spot leading perps (i.e. perps at a discount) shows extreme bearish conditions, where speculation is on the short side. Indicating times of despair.
Scot Signal IndicatorThe Scot Signal Indicator is intended as a Scalping Resource. It was designed to work best on the ❗❗ 5 MINUTE CHART with Bitcoin ❗❗ / USD & USDT pairs.
🟡🔼🔽 Yellow Triangles : these are pre-signals. If the triangle is Pointing Down, then look for a possible Short to come, and vice-versa for Upward facing triangles will go Long.
* Be careful, this is a Canary in the Coal Mine, but not the full signal. Going purely on the triangle as a signal could lead to fake-outs more frequently.
🟩 🟥 Green & Red Boxes : these are "Long" & "Short" signals where the indicator feels the time is safe to enter a trade.
❗ EXITING THE TRADE ❗ : this is a scalping indicator, specifically meant for entering trades, NOT EXITING them. An ideal scalp is $100 - $200 Bitcoin move. Though, we run bots using this indicator, taking scalps as little
as $60, performing up to 8 trades a day.
