OKCOIN:BTCCNY   Bitcoin / Chinese Yuan
Based on the data collected by my server. The 'accumulator' which measures the cumulative buys - sells.

Its much more accurate than accu/dist indicator since it is derived from each trade whether it is a buy or sell, and not the closing candle.


Decelerating amount of accumulation seen on the daily chart

Rally being sold into, starting from 13th December:

Despite it being sold into, price is still drifting higher and higher. The accumulator clearly shows that it is being sold into the highs, signaling a powerful divergence here.

Until I see a spike in the cumulative buys, it is a sell here.
--------------------------------------------------------------------------------------------------------------------

Technicals:
Trade closed manually: Update: Short closed at 50 yuan loss per BTC! This is still looking strong, with signs of re-accumulation here...



Comment: Long on a breakout above 3100.
Trade active:

Short active.... still a good zone
Nice, very good work
Reply
Good idea, thanks for sharing.
I had a previous short based on an idea I published, however I was already thinking on coming back to the bull family. Do you think it will keep going down ?
Reply
Great minds think alike,
Drop me a message, we can do some work together
Reply
Do you have similar data for other exchanges as well? Problem with OKCoin and Huobi is their data is almost certainly faked to some extent. What we do not know is how big the modification is.
Reply
Okcoin 4H:


Okcoin 2H:


--------------------------------------


Huobi 4H:


Huobi 2H:


-----------------------------------------------------------

Bitfinex 4H:


Bitfinex 2H:


---------------------------------------------------------

Reply
LastBattle LastBattle
Do note that huobi's volume data is inverted as I made a mistake of buys being sells and vice-versa ..
Reply
ryopphdi LastBattle
Thanks for sharing those charts. Myself, I'm not convinced by this indicator - it presents completely opposite readings between 2H and 4H timeframes. In my view this should not happen if difference in time frames is not huge. I would understand bigger differences between let's say 2H and 1D or 1W. But 2H and 4H is too close one to another so I'd expect any indicator readings should be similar.
Reply
Haha. I think this custom indicator is exactly what I started to search for, right after I figured out what indicators are (generally in the context of price charts and trading) and what's the math behind the classic MACD. :)
I thought something like this should a very basic indicator, yet it's rarely used (and not even available for the "noobs" because it's not part of the usual toolsets one might find for free or a small fee).
Reply
I've my own servers that have been indexing the price of exchanges since 2014.
Although I am using TradingView's charting library, however it is not based on their data.


OBV/Accumulation + distribution is quite similar to it, but not accurate to every single trade in existence but the candle closing price.
Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out