alsop

Crypto Money Flow Ratio

This indicator shows you the movement of buyers and sellers in the market. Combined with other indicators like Stochastic RSI it can be a very powerful early indicator to buy and exit.

In this example, there are two moving averages applied to the indicator (at the bottom). Once the Fast crosses the Slow and the area is above both - this tells you the major market players are accumulating and you should be looking to long.

In addition, Stochastic RSI is also oversold and Ichimoku shows price above the cloud - all confluence on a long trade. As you can see, in the next hour price rocketed.


This size of move isn't always common, and this move may have been due to news. Even if so, people were aware and started buying and you could see it happen.

Another example here with DASH.


In this example, you can see there was a previous bull move that we applied a fib to and had a 38% retracement. We bought on the indicator cross and ratio above averages with a target of a 38% extension. It hit almost exactly and we closed out.



To apply this to other currencies, change the settings. For example, for ETHUSD - change the setting from BTC to ETH.




BTCUSD

Invite-only script

Access to this script is restricted to users authorized by the author and usually requires payment. You can add it to your favorites, but you will only be able to use it after requesting permission and obtaining it from its author. Contact alsop for more information, or follow the author's instructions below.

TradingView does not suggest paying for a script and using it unless you 100% trust its author and understand how the script works. In many cases you can find a good open-source alternative for free in our Community Scripts.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

Want to use this script on a chart?

Warning: please read before requesting access.