Dean_Trader

Bitcoin: Price Action Integral Bands

This indicator tries to display absolute tops and bottoms for Bitcoin . The price action gets integrated with two custom functions resulting in the blue top and red bottom price action integrals. From those integral values we allow 5% deviation in up and down direction, leading to price action integral bands of some non-zero width.

Even in the current liquidity crisis with abnormal price movements, Bitcoin had no weekly candle close below the support band. One thing to note is that in the here presented model, up until now only one single weekly candle touches the blue band in each of Bitcoin's cycles. For longer-term trades it might be a good idea to buy BTC when price is around the red band, and sell/go short when BTC is around the blue band, although this is no financial advice and one should always cross-check with other indicators/informations.

There's the option to plot or hide the bands individually.

The integral bands are specifically designed for the Bitcoin BLX (BraveNewCoin Liquid Index) ticker on weekly timeframe . For other assets, tickers and timeframes the functionality of this indicator cannot be guaranteed and will most probably not deliver meaningful results.
Release Notes: Added a green mid price action integral band. When price is located above the green band, the market is in a bullish environment, if price lies below it, the market is in a bearish environment. You can hide the green band via 'Indicator Settings' like the other bands if you want.
Release Notes: Added two more integral bands for finer trading opportunities: a turquoise top-mid band, and an orange bottom-mid band.
Release Notes: Name change of the study.
Release Notes: Added a full array of bands for many additional trading opportunities, and especially for a mapping of the parabolic fallout following a bullrun.
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 Dean_Trader for more information, or follow the author's instructions below.

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Author's instructions

For access please contact me via DM on TradingView or on Twitter (linked in my TradingView profile and my signature).

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Comments

access please?
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Hi, can you give access, please ?
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Dean_Trader skirmantas
@skirmantas, Hey, please contact me via DM, then we can discuss the access terms :)
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skirmantas Dean_Trader
@Dean_Trader, :-) Beam bands will be enough for me in this case :-)
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skirmantas Dean_Trader
@Dean_Trader, anyway, impressed by your work, mate
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