EdgeAnalysisGroup Volume Cloud V1.1EdgeAnalysisGroup Volume Cloud V1.1
Brief Intro
I will keep this sweet and simple so I can write about it elsewhere in greater deal later down the line.
I had the idea for this script when I saw the EMA ribbons indicator, and noticed something that was happening on the line crosses. I then tried to find a way to optimise the strategy for the fast moving volatile crypto-currency market~ this is where I came up with this indicator which was based of moving averages and volume, but was tradable like a cloud with an area. Another factor I decided to take from the ichimoku cloud was the offset it provides- this allows a clean image for the user to trade with and pre-plan.
This guaranteed a clear cut trading strategy which I could easily backtest and tweak for optimisation.
I can say this indicator seems to work well for the 1day chart.
There is lots I have to learn about the line crosses, and the direction of the cloud etc., so we can create new trading strategies.
This script will work better on some charts than others, but hopefully it is still a hit for most and all time frames.. I have alot of backtesting to do with this indicator on all markets- and potentially some heavy quality of life updates and technical tweaks too.
Trading strategy
Taking a position
There are 3 lines on the topside and the bottom side of the cloud.
Open : Price crossing and closing the middle line of the 3.
Stop-loss: Outer line of the 3 it has already crossed.
Target: Inside line of the opposite 3 it hasn't crossed. Any STRONG supports/resistances need to also be taken into account and price assessed as usual as the move is completing- manual closes are a big part of management.
VolumeCloud Twists
If there is a twist- (the 6 lines crossing across each other) this can either be bullish or bearish depending on the direction of the cloud, this is an early sign of a trend forming.
When it is above the cloud we can expect retests of the upper/lower lines on pullbacks. I am developing a trading strategy currently for breaks above the cloud with twists so stay tuned for that.
ETH/BTC Backtest
A small backtest on ETH/BTC gave an 80%+ win rate, this is a small sample size of about 25 positions or so, but with such a strong win rate I can only imagine it could be a strong tool to a clever trader.
Did you enjoy this brief little guide, why not join me and the other members of the EdgeAnalysisGroup ?
Message me on tradingview and I'll shoot you a link to our discord. Here you can get access to more indicators, a fantastic community and even high quality signals made by me and a few other top traders.
Xander
All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, indicators, or stock/cryptocurrency picks, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. These are not facts but my personal views and opinions.
I will not and cannot be held liable for any actions you take as a result of anything you read or use here,
ALIŞ
Short vs. LongSimple Short vs. Long domination indicator. White line indicates absolute value of diffrence between Shorts and Longs.
Bimex Long Short PRO [PlungerMen]Hello!
This free community edition is very good for all time frame , for all the crypto
This Script recognized overbought area and over-selling area extremely accurate
This Script is very well used as it works by itself and very well used in conjunction with the "Bitmex scalping " script, both compliment for each other. the "Bitmex Scalping" script is Free, you can find it
If you want to be more accurate and more efficient, more comfortable when you do not want to see too many other indicators, you can register for our Professional edition.
- The Professional Edition supports Level 1 and Level 2 commands, which are very effective in allocating funds and optimizing your profits
Besides that,You will be supported by personal preferences, profit maximization
- Register for a Professional version will be used 2 Script,Bimex Scalping Pro and Bitmex Long Short Pro
- We will invite you to the signal channel with the announcement of the bottom and the peak of the BTC ,the big variable variable has exists
We hope you enjoy this script. Your support will help us develop more good quality scripts in the future to serve the community
**Remember, Like this script and posivite feedback if you are satisfied**
if you have any questions Plz post a comment ... below here
******
Thanks
EMA SlingShotUsing ema for close and high, provides optimal entry and exit point. Work best for 1 day period.
Bitfinex Longs vs Shortssexy view of the current long/short positions on Bitfinex. I saw some pay-for, hidden-source-code version of this and thought: "oh man."
Bitfinex Long vs Short (TickerID)Uses the active ticker to show long/short values on all Bitfinex pairs that have that data available on Tradingview.
Closing Leverage and Rate of ChangeShows BTCUSDLONGS vs BTCUSDSHORTS along with their rate of change on a scale that's friendly for a combined indicator. ROC is increased proportionally so you can see it in relationship to Open Shorts and Open Longs on the same graph without zooming. I had been using an offset as well, but using an offset to adjust position causes the highs to look lower and it makes the lows look less low. It was significant enough to seem like a bad idea to include.
Fibonacci Retracement (L)-SilverThe Automatic Fib Retracement - Silver script indicates the 50-61.8% pullback region.
The lines of the upper and lower pivots, the support and resistance areas are also highlighted.
Customisable Fib Length - Time period over which max and min pivots are chosen.
Offsetfib - Automatically offsets the pivots and buy zone as your entry position
will be some time after the upper and lower pivots are set.
Works well when used in combination with an oscillator which highlights Divergence.
A strategy based off buying the 50-618 with a defined stop loss and target can be the basis of your strategy.
This tool will automatically plot those points but a defined Risk Management strategy will always be needed.
Works best in Bullish trends but will work on all timeframes (Bullish correction in downtrend also possible).
Previous pivots shown but be careful to identify which of the several pivots you are using.
Start at a larger timeframe and move down. (Entries consistent on several timeframes are golden)
Pivots and retracements are dynamic. Be sure to note your entry and targets.
Fibonacci Retracement (L)-BronzeThe Automatic Fib Retracement - Bronze script indicates the 50% pullback line and upper 50% region.
The lines of the upper and lower pivots, the support and resistance areas are also highlighted.
Customisable Fib Length - Time period over which max and min pivots are chosen.
Offsetfib - Automatically offsets the 50% region and pivots as your entry position
will be some time after the upper and lower pivots are set.
Works well when used in combination with an oscillator which highlights Divergence.
A strategy based off buying the 50% with a defined stop loss and target can be the basis of your strategy.
This tool will automatically plot those points but a defined Risk Management strategy will always be needed.
Works best in Bullish trends but will work on all timeframes (Bullish correction in downtrend also possible).
Previous pivots shown but be careful to identify which of the several pivots you are using.
Start at a larger timeframe and move down as necessary.
Pivots and retracements are dynamic. Be sure to note your entry and targets.
Stoch BitfinexSimilar to RSI Bitfinex , but Stoch version.
It applies Stochastic Oscillator to BTC longs/shorts ratio on Bitfinex. You can use the oscillator as you'd use Stoch:
- Divergences
- Oversold/overbought signals
- R/S on the indicator
- Trend indication
- etc
RSI BitfinexRSI applied to BTC longs/shorts ratio on Bitfinex. You can use the oscillator as you'd use RSI:
- Divergences
- Oversold/overbought signals
- R/S on the indicator
- Trend indication
- etc
Setup for Short Term Investment using RSI&ADX. High success rateThis is a very simple script which gives reliable signals for buying and selling in short term. I came across this strategy a long time before in some website and coded it here. I had been using this for a long time and made good profits.
Idea is very simple, a buy call is triggered when RSI is greater than 75 and ADX is greater than 25. Sell call is triggered when RSI is lesser than 25 and ADX is again greater than 25. To remove false signals I always use it with EMA(close,8) which is also included as part of the code.
The ideal chart resolution is 1 day, below this the indicator is not reliable. Haven't tested this indicator for anything other than daily chart.
Refer the snapshots for more details.For any queries, please comment or PM me.
Bitfinex Longs vs. ShortsIt shows amount of longs vs shorts for Bitfinex.
It can be applied to any currency that has a long/short option on Bitfinex.
It works with any other exchange but it pulls short long data from Bitfinex.
Useful for "reading" the market sentiment.
Use it well. Be blessed.
BTG/USD - BitFinex Long StudyStrategy for LONGS.
For maximum utilization, the LONGS must be opened in the purchase signals and closed in the sales signs.
You can change your strategy according to your investor profile.
In times of downward trend there is the possibility of also SHORTAR in the sales signals (being more risky as well).
The backtest was made with the initial capital of 150 usd, with LONGS of 6 contracts.
* Staying in BTG 1.23% is a good option.
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Estratégia para LONGS.
Para o máximo aproveitamento, os LONGS devem ser abertos nos sinais de compra e fechados nos sinais de venda.
Você pode alterar a sua estratégia conforme o seu perfil de investidor.
Em momentos de tendência de baixa há a possibilidade de também SHORTAR nos sinais de venda (sendo mais arriscado também).
O backteste foi feito com o capital inicial de 150 usd, com LONGS de 6 contratos.
* Se manter em BTG 1.23% é uma boa opção.
BITFINEX Long to Short RatioShows the ratio of longs to shorts. Above 1.0 means more longs. Below 1.0 means more shorts. A value of 1.0 means equilibrium.
BTC longs vs shorts ratioThis is a simple script showing long / short ratio for BTC using Bitfinex exchange data.
MadLad v0.01 (Buy/Entry Signals)This script is a very rough, very early release of a project called madlad (www.twitter.com).
Currently being used on BITSTAMP:XRPUSD 5 Min Heiken Ashi.
It's a very early concept. It is also very aggressive , therefore it spams buy signals. The buy symbols do not mean enter, they are simply potential entry points.
You can see this especially during heavy drops, I would generally wait for the end of the shading to make an entry. Aqua shading is simply confluence with another indicator.
Feel free to mess around with some of the settings, however most are just placeholders and do little to nothing.
I will eventually update this to remove some of the spammy buy signals. If you use this with some other indicators, it will definitely help remove a bit of the spammy-ness.
In the meantime though, if anyone is able to come up with their own solutions on avoiding bad trades while using the "buy" signals, feel free to DM me and or post in the comments.
Follow www.twitter.com
There we will be posting updates and entry/exits in realtime! For free, no signal group BS or anything, this comes at the cost of signals not always being correct so always trade at your own risk!
Bitfinex dominionThis indicator will show you which gang is dominating the market : the bearish gang (short masters),
or the bullish gang (long masters).
The bearish gang is drawn in red and the Bullish one is in green color.
If red is above green, that means we have a bearish tendency on the market.
if green goes above red, that means the market is going the bullish way.
It's nice to use it on 1H or 30 minutes intervals.
Here's what I do : When the dominion is changing hands (=a shift in color), then that mean the market
is moving in another direction. I then use my other indicators to make a decision so to create a trade
at the very moment of the dominance change or not...
NB1: make sure you know what you do before using this "what I do" strategy. It can be not suited to
everyone. Trading is a risky business. So don't take words as granted from people like me or others.
The best thing to do is : testing,testing then re-testing while having a good money management.
I've burnt myself many times before.
NB2: Margin trading can be really risky if you use this "what I do" strategy. Because price can go far in
counter direction before getting back to our target price. So you can risk a margin call. So it's better
using this "what I do" strategy on market trading only.
Bears VS BullsThis indicator will work on ANY instrument.
The red line is a moving average of ONLY sellers in the market.
The blue line is a moving average of ONLY buyers in the market.
The period or "length" of the individual moving averages can be adjusted in the indicator settings.
The default, it is set to 50.
Buying and selling trends often provide indications of market moves such as the most recent bottom in Cryptocurrencies.
Feel free to comment and share any indicator concepts or ideas for content you would like to see added to the Technical Indicator Bundle on www.kenzing.com
CMYK RMI ARROWS◊ Introduction
I started using this script because of its fast reaction, and good tell for buy/sell moments.
For larger timescales, the overall trend should be taken into account regarding the levels.
In the future i will update this indicator, to automatically adjust those.
This is the Overlay expansion of the Indicator Linked below.
◊ Origin
The Relative Momentum Index was developed by Roger Altman and was introduced in his article in the February, 1993 issue of Technical Analysis of Stocks & Commodities magazine.
While RSI counts up and down days from close to close, the Relative Momentum Index counts up and down days from the close relative to a close x number of days ago.
This results in an RSI that is smoother.
◊ Adjustments
CMYK color theme applied.
Four levels to indicate intensity.
Two Timescales, to overview the broader trend, and fast movements.
◊ Usage
RMI indicates overbought and oversold zones, and can be used for divergence and trend analysis.
◊ Future Prospects
Self adjusting levels, relative to an SMA trend.
Alternative RMI, which functions as an overlay.
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