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INVITE-ONLY SCRIPT
Updated

Bitcoin: Price Action Integral Bands

3 191
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.
Release Notes
Minor update of the 4th band.

Invite-only script

Only users authorized by the author have access to this script, and this usually requires payment. You can add the script to your favorites, but you will only be able to use it after requesting permission and obtaining it from its author — learn more here. For more details, follow the author's instructions below or contact Dean_Trader directly.

TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.

Author's instructions

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

Warning: please read our guide for invite-only scripts before requesting access.

Dean_Trader
Website: deantrader.com
Twitter: twitter.com/dean_trader
YouTube: youtube.com/@dean_trader
Also on:
Bitcoin (Cryptocurrency)bitcointradingbottomcyclelong-termTOPTrend Analysis

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.
Bitcoin (Cryptocurrency)bitcointradingbottomcyclelong-termTOPTrend Analysis

Invite-only script

Only users authorized by the author have access to this script, and this usually requires payment. You can add the script to your favorites, but you will only be able to use it after requesting permission and obtaining it from its author — learn more here. For more details, follow the author's instructions below or contact Dean_Trader directly.

TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.

Author's instructions

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

Warning: please read our guide for invite-only scripts before requesting access.

Dean_Trader
Website: deantrader.com
Twitter: twitter.com/dean_trader
YouTube: youtube.com/@dean_trader
Also on:

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.