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Bitcoin (Cryptocurrency)

RSVP Extractor By CryptoScriptsThis indicator has the same alerts as the VP Extractor except I overlaid the RSI on top of it (yellow line) to help take advantage when the RSI is overbought/oversold while also being able to see what the VP extractor is saying :) It highlights yellow any time the RSI is below 30 (potential buy signal) and highlights orange anytime the RSI is above 70 (potential sell signal). You can also adjust the settings so that it'll highlight yellow when RSI is below 25 or 20 etc. so you can pick whatever value you want and the colors will adjust accordingly :) You can also set alerts for RSI overbought/oversold! Please see the VP Extractor Alerts below! Those are still the same as before but since I now have RSI then you can be more confident in your signals if RSI is flashing a yellow shaded area (oversold) and the VP extractor is flashing a rocket symbol (buy), then both together would be a very strong buy signal. Using the RSI signals with the VP Extractor signals below will make you VERY successful with this indicator :) The VP Extractor signals is a combination of the Volume Extractor and Price Extractor. There was a lot of coding involved in this one and it involves a Volume / Price Oscillator derived from various volume /price metrics combined with Bollinger Bands and Overbought/Oversold levels. This indicator is unique because it not only measures the standard deviations whenever the oscillator crosses outside the BBs but it does so at ranges that are most advantageous for the trader to identify KEY buy/sell levels (as shown above). I'll break down each signal below and how to best take advantage of them so you can get the best entries and capture the most profit per trade. *This indicator works best on the Binance or Bybit exchange for crypto but also works for stocks and forex. It's best used on small-medium timeframes such as the 15min, 1h, 4h, 8hr, or 12h. It tends to give more false signals on the 1D timeframes and higher. Red Alarm - this signal indicates that the volume and/or price oscillators are overbought and/or crossing outside of the bollinger bands . This is a STRONG sell signal but should still be combined with support/resistance levels and confirmed with other indicators. Red Diamond - this signal indicates that the volume and price oscillators are crossing outside of the bollinger bands above the 20 level but is not yet overbought. This is a potential sell signal but should still be combined with support/resistance levels and confirmed with other indicators. Red Shaded Area - this indicates the volume and price oscillators are overbought. This is a potential sell signal but should still be combined with support/resistance levels and confirmed with other indicators. Rocket - this signal indicates that the volume and/or price oscillators are oversold and/or crossing outside of the bollinger bands . This is a STRONG buy signal but should still be combined with support/resistance levels and confirmed with other indicators. Green Diamond - this signal indicates that the volume and price oscillators are crossing outside of the bollinger bands below the 20 level but is not yet oversold. This is a potential buy signal but should still be combined with support/resistance levels and confirmed with other indicators. Green Shaded Area - this indicates the volume and price oscillators are oversold. This is a potential buy signal but should still be combined with support/resistance levels and confirmed with other indicators. Input Options Show 80 Levels - This checkbox will create a red zone and green zone for the 60-80 levels on the indicator. This is useful if the volume and price oscillators reaches one of these levels, you can be sure it's going to reverse soon and can have more confidence if it crosses outside of the BBs in addition to that. VEO Length - This changes the height of the oscillator and will change how your signals flash (more or less often). Use this if you find you're getting too many signals or not enough. I find this is best at 21 but feel free to test out what works for you depending on your timeframe. Moving Average Volume Source - This is currently set to None but you can change it to Exponential, Hull, or Simple moving average . I found that None works best but feel free to test out the different options. Moving Average Length - Changing this length will do nothing to your chart if None is selected for the Moving Average Volume Source, therefore you will most likely keep this setting default at 9. Alerts I've set alerts on this indicator for each icon (Red Alarm, Red Diamond, Overbought, Rocket, Green Diamond, Oversold). I HIGHLY recommend setting the alerts for Candle Close so that you can be sure the signal is confirmed. You may notice that the indicator can give multiple signals back-to-back or be overbought/oversold for multiple candles. When this happens, it's best to look at other indicators such as the RSI , MFI Pro, etc to nail the best entry and have confluence with your decision. With that said, having multiple signals back-to-back can also be an indication that the move is close to happening. This indicator is a strong indicator by itself but works best when combined with my other indicators just as the Whales Buy-Sell and the MFI Pro as well as the RSI , and MACD i.e taking a trade when all indicators are showing overbought, "Buy", "Sell", etc. Measuring volume and price action is an extremely important aspect of trading and one I believe should not be overlooked. I hope I made everything as clear as possible and please let me know if I didn't. PM me to obtain access and please let me know if you have any questions! :D
Pine Script® indicator
by CryptoScripts
39
[Joy] Aladdin (1.0.0 Alpha)Explanation of the markers in the indicator * Bearish / Sell sign: On the candle's close, I open a short position * Bullish sign: On the candle's close, I open a long position * Red circle: On the candle's close, I take at least 50% unrealized profit into a realized profit of any running long leverage position. I might even convert some portion of the position into stable coins. * Green circle: On the candle's close, I take at least 50% unrealized profit into a realized profit of any running short leverage position. I might even convert some portion of the position into stable coins. * Down Arrows: When the down arrow finishes and the candle close, I put a tighter stop loss of any running long leverage position. It sometimes indicates the local top. * Up Arrows: When the up arrow finishes and the candle close, I put a tighter stop loss of any running short leverage position. It sometimes indicates the local bottom. * Purple candle: Weakly bullish. * Green candle: Strongly bullish * Red candle: Strongly bearish * Yellow candle: Weakly bearish FAQ Q: Does it use some EMA /MA/etc.? Does it use any indicator with tweaked settings? Answer: No. Q: What does it mostly depend on? Answer: Volume and gradual flow of non-interrupted data. The logic depends purely on volume, price bars and the wicks. Q: Does it work with all coins, stocks, futures, instruments? Answer: I prefer to use the exchange with the best possible data. Then backtest out to find the best possible timeframe, stop loss and target all derived from this script data. Q: Can you make it free or make it open source? Answer: There is no free lunch in this world. I will never reveal or share the source code! Q: Do you provide ongoing support for the indicator? Answer: Yes, as long as I can, I will continue updating the indicator Q: Are the bullish /buy & the bearish /sell markers automatic? Answer: I have no control over the markers. It is driven purely by logic from the script. Q: Is this financial advice? Answer: This is not financial advice. I do not guarantee any profit or loss. I am not responsible for any of your losses or profits. My indicators do not assure profit or loss. It also does not auto-open or auto-close a trade. Note: The Aladdin has been derived from the Super Algorithm Indicator. I have depreciated the Super Algorithm Indicator I have automatically migrated every user to Aladdin, who had Super Algorithm Indicator. One should not use the SA indicator. One should start using this indicator instead. Version 1 A derived version of Super Algorithm Indicator with optimized code (uses arrays, removes few warnings in the code, makes code more reusable) so that I can add further features in the future. A few new coding features in the pine script encouraged me to go for this version. Since the codebase has been revamped, it made sense for me to make it a new indicator. have also changed a small parameter that is configurable at the moment. Previously it was valued at 26. Now I am putting value at 21.
Pine Script® indicator
by Joy_Bangla
2
Aggregated Volume Colored (Bitcoin, ETH, Altcoins, everything)BITSTAMP:BTCUSD This indicator aggregates trading volume data of up to 10 symbols and can display the individual data by color. It is useful for assets which are traded on multiple exchanges, like cryptocurrencies, commodities, forex and derivatives showing you what is happening across the market and on the individual exchanges to give you beter insights. You can change the symbols from which the indicator gathers data in the settings under inputs, just like the colors, and you can add a moving average. By default trading volume is aggregated from the following symbols: Binance, BTC /USDT Binance, BTC /BUSD Bingbon, BTC /USD Huobi, BTC /USDT OkeX, BTC /USDT Coinbase, BTC /USD Bitfinex, BTC /USD Gemini, BTC /USD Kraken, XBT/USD Bitstamp, BTC /USD
Pine Script® indicator
by CantThinkofOne
5
Moonraker 1.3Bespoke Decentrader Mean Reversion Strategy Colour coded mean line using price and volume Volatility Bands Major support and resistance plotted lines Suggested dynamic hard stop placement Built for all markets A realistic strategy for multi-asset portfolio management Complementary components to assist other indicators/strategies Key D1 Strategy: Designed for the 1D+ chart The overall assumption is that price gravitates towards the mean The intention is to remain in the market directionally as long as possible 1) Once the asset closes the period above the mean line the asset is considered to be bullish 2) Trader will wait and look to buy close to the developing mean line 3) Trader once filled, remains long 4) If price closes below the mean line, trader will place asks/sell orders close to the developing mean line 5) Trader moves asks along developing mean line until the trade is exited 6) Trader waits in a neutral position until condition 1) is met Other strategy consideration ; 7) Support and resistance plotted lines can also be used to overrule condition 6) i.e. if the asset falls to a key support area AND trader has already exited, they can look to re-enter and be long to the mean line at which point condition 5) is met 8) Volatility bands can be used as a warning around the deviation from the mean line and probability of reversal 9) Hard stops can be used -> there is a general trade-off between volatility and remaining in the trade – Dynamic hard stops can be used if the trader wishes to add a layer of additional risk management to mitigate unusual volatile events. Should a stop be triggered, waiting for either condition 1) 7) or 8) are met before entering. Other consideration; - Works well alongside the Predator indicator; adding additional confluence to the strategy or identifying entries if predator is already within a trend where the initial entry was missed.
Pine Script® indicator
by filbfilb
8
Compare Crypto Bollinger Bands//This is not financial advice, I am not a financial advisor. //What are volatility tokens? //Volatility tokens are ERC-20 tokens that aim to track the implied volatility of crypto markets. //Volatility tokens get their exposure to an asset’s implied volatility using FTX MOVE contracts. //There are currently two volatility tokens: BVOL and IBVOL. //BVOL targets tracking the daily returns of being 1x long the implied volatility of BTC //IBVOL targets tracking the daily returns of being 1x short the implied volatility of BTC. ///////////////////////////////////////////////////////////////// CAN USE ON ANY CRYPTO CHART AS BINANCE:BTCUSD is still the most dominant crypto, positive volatility for BTC is positive for all. ///////////////////////////////////////////////////////////////// //The Code. //The blue line (ChartLine) is the current chart plotted on in Bollinger //The red line (BVOLLine) plots the implied volatility of BTC //The green line (IBVOLLine) plot the inverse implied volatility of BTC //The orange line (TOTALLine) plots how well the crypto market is performing on the Bolling scale. The higher the number the better. //There are 2 horizontal lines, 0.40 at the bottom & 0.60 at the top /////////To Buy //1. The blue line (ChartLine) must be higher than the green line (IBVOLLine) //2. The green line (IBVOLLine) must be higher than the red line (BVOLLine) //3. The red line (BVOLLine) must be less than 0.40 // This also acts as a trendsetter //4. The orange line (TOTALLine) MUST be greater than the red line. This means that the crypto market is positive. //5.IF THE BLUE LINE (ChartLine) IS GREATER THAN THE ORANGE LINE (TOTALLine) IT MEANS YOUR CRYPTO IS OUTPERFOMING THE MARKET {good for short term explosive bars} //6. If the orange line (TOTALLine) is higher than your current chart, say BTCUSD. And BTC is going up to. It just means BTC is going up slowly. it's fine as long as they are moving in the same position. //5. I use this on the 4hr, 1D, 1W timeframes ///////To Exit //1.If the blue line (ChartLine) crosses under the green line (IBVOLLine) exit{ works best on 4hr,1D, 1W to avoid fakes} //2.If the red line crosses over the green line when long. {close positions, or watch positions} It means negative volatility is wining
Pine Script® indicator
by Siziba_Wallace
5
[Bitnalysis] Altcoin Season IndicatorThe Altcoin Season Indicator compares performance of Bitcoin with the performance of the top altcoins over a specified period. The indicator weights the results, giving greater weight to the first specified altcoins. By default, the larger market cap altcoins, such as ETH, BNB, ADA, etc., are included first and therefore given greater weight in the algorithm. To remove the weighting from the formula and consider the performance of all listed altcoins equally, set the weighting setting to "0". The output shows to what extent altcoins are outperforming Bitcoin; the higher the number, the more altcoins are outperforming Bitcoin. This indicator helps traders predict when "altcoin season" is about to begin or end.
Pine Script® indicator
by JRL_6
6
MacroCorrelation (Bitcoin Real Value)The best minds in the financial world think about how to determine the real value of an asset. I constantly say that it is necessary to buy an asset only at the moment when its market price is below or equal to its fundamental value. Let's see what is the difference between these two concepts. Fundamental value Imagine that we decided to grow and sell, for example, strawberries. For this, we purchased the necessary equipment, tools, fertilizers, seeds, and more. Let's say that we needed $ 3000 for this purpose. To facilitate the task, in our calculation we will not take into account all types of possible costs (electricity cost, workers' wages, necessary tax deductions, etc.). If we had to take a loan to meet the initial needs, for example, at 10% per annum , then each borrowed $ 1000 in a year would cost us $ 1100. That is, $ 3000 would cost us $ 3300 per year. Let's agree that our initial funds were completely enough to buy everything we needed, and we didn't need to take out a loan at a certain percentage. In this case, we exclude from the calculation the cost of the capital required to start your own business. Suppose we managed to harvest 100 kg of strawberries. This means that the real value (fundamental value) of 1 kg of our strawberries is $ 30. Market price Things are a little different with the market price. The market price is determined by the volume of supply and demand for a particular product or service at a particular point in time. By demand, we mean the intention to purchase a product or service (secured by the ability to pay a set price for it). A need that exceeds solvency is not a demand. By offer, we mean the willingness to provide ownership (use) of the object of demand for a certain fee. Simply put, the market price is the price at which the buyer is willing to buy (and the seller to sell) the volume of goods we need. In our case, the price at which we sell 1 kg of our strawberries will depend on how much people really need our strawberries. If we are the only sellers of strawberries in a certain territory and, at the same time, buyers really want to taste fresh strawberries, its market price can be as high as the last buyer is able to pay. If not, everything will depend on how high quality our product will be for its price. At the same time, the price constantly varies over a certain period of time ( seasonality and other factors). For example, if in winter we could sell 1 kg of our strawberries for $ 90, then in summer for $ 50. Strawberry prices range from $ 50 to $ 90. Magic formula We now understand what is the difference between fundamental value and market price. If the first is made up exclusively of a set of real metrics, the second is a variable factor that depends primarily on “human factors” (what is the maximum price the buyer is willing to pay, what is the minimum price the seller is willing to set at a particular moment in time). You should try to buy an asset only at the moment when its market price is below or equal to its fundamental value. However, how can you independently determine the fundamental value of an asset? Unfortunately, there is no universal answer to this question, just as there is no universal “magic formula” in nature (my sincere respect, Joel Greenblatt) that could determine the fundamental value of any asset on the planet. The point is precisely in the criterion of universality. If we consider each asset (or at least the market) separately, we can well determine its fundamental value. Even those things that seem free to us in everyday life (just their cost are negligible) have a fundamental value. Three factors to assess the fundamental value of Bitcoin Let's try to take a separate asset, for example Bitcoin , and do with it everything that we did earlier with our “strawberry business”. When assessing the real (fundamental) value of Bitcoin , we will take into account 3 main factors. 1. The maximum possible and current supply in the Bitcoin market The reward for mining a Bitcoin block is halved every 210,000 blocks. This fact is called halving (halving). When all blocks are mined, the total amount of existing bitcoins will be 21 million coins. Accordingly, the maximum supply in the Bitcoin network will not exceed 21 million coins. In reality, things are even better, since this volume also includes a certain amount of lost coins. By lost, we mean all those coins whose “private keys” the last owner no longer has access to. For example, at the time of the appearance of Bitcoin in 2009, its real value was doubtful and not obvious to most of its owners, many of whom did not pay due attention to understanding the safe storage of an asset, periodically losing access to hundreds and thousands of coins. As a result, we understand that the total supply in the Bitcoin market will be significantly less than 21 million coins. To evaluate the proposal, it is not enough to understand how much of the asset exists, because a certain amount of it, as we have already understood, can either be lost or be blocked for a long time. It is also important to take into account the criterion of “supply in time”. That is, the current total “liquidity” of the network. 2. Bitcoin network hashrate The main indicator of the viability and stability of the Bitcoin network is the hash rate (computing power). Stable hashrate = network security. 3. The real value of the US dollar When analyzing the Bitcoin / Dollar pair, in addition to the real value of Bitcoin , it is also necessary to take into account the real value of the US Dollar . It is believed that assets such as stocks or cryptocurrencies are extremely volatile (the price can change over a wide range within a relatively short period of time). At the same time, to reduce volatility , experts advise using the so-called “currency baskets”. A currency basket is a certain percentage of foreign currencies in which the investor's capital can be distributed. The ratio of currency units in the basket is used to reduce the potential risk of currency fluctuations. The main problem is that, due to inflation , the purchasing power of the currencies themselves drops significantly over time. With the $ 100 we earned in 1913, already in the 1920s we could have purchased 50% fewer goods and services than before. In the 1980s, it was 90% less, and in the 2010s it was already 98% less. This fact must also be taken into account when assessing the real value of Bitcoin , since everything is relative, and in the Bitcoin / Dollar pair, we determine the value of Bitcoin , expressed in US dollars. The real value of Bitcoin After assessing the relationship of the factors described above and drawing up a mathematical formula, we can proceed to the analysis of the results. In order to cut off unnecessary noise when constructing the function, we will use the graph for 1 month. Analyzing the resulting chart, first of all, the following is striking: the fundamental value of Bitcoin grows over time. This is due to the gradual expansion of the "user base" of the network, as well as the growth of its popularity among investors of completely different classes. I propose to compare the graph obtained earlier with the graph of Internet users (in% of the number of adult US citizens ). Similar, don't they? The more the number of Internet users, the higher its influence and economic potential. The more the number of users of the Bitcoin network, the higher its economic potential and fundamental value. However, understanding the fundamental value alone is not enough. We, as investors, first of all need to understand when to buy any asset. To do this, compare the chart of the market price of Bitcoin with the chart of its fundamental value obtained earlier. Now that we have a complete picture of what is happening and understand both the fundamental value of the asset and its market price, the fact of the numerical prevalence of the price over the fundamental value for 116 out of 133 months becomes quite clear. Periods of Bitcoin being below its fundamental value are extremely rare and only take ~ 13% of the trading time. For about 87% of all trading time, Bitcoin's market price is above its fundamental value. Those rare periods when traders are willing to sell bitcoin below its fundamental value are an incredible gift for a long-term investor. Bull and Bear Markets If you buy Bitcoin (like any other asset) below its fundamental value, this is an absolutely incredible idea in terms of potential profitability, who in their right mind would sell their assets below this mark ?! It's all about the emotionality of people. Saying “I will not do stupid things when the time is right” is easier than actually maintaining composure. Especially when it comes to money. Your money. And sometimes even dreams. The classical market theory usually divides the market into two main phases: A bull market is a period of time during which the price rises systematically (accordingly, the demands and expectations of traders gradually grow). A bear market is a period of time during which the price gradually falls (accordingly, traders' requests and expectations gradually fall). There is also the concept of “correction”: A correction is a temporary change in the price of an asset, contrary to the main trend. For the current day, there is not a single clear criterion that separates the concept of a bear / bull market from the concept of a correction. However, we can say with confidence that the market change (from bullish to bearish or from bearish to bullish ) is interconnected with the fundamental factors of the market. Corrections, on the other hand, have significantly less connection with fundamental indicators. and are rather related to the “physiology of the market” (nothing can only rise in price every unit of time for a significantly long time, nothing can only fall in price every unit of time for a significantly long time). In this case, the most rational would be to define a bear market as a delay in updating the absolute historical highs of the price with a preliminary touch of the fundamental value. Buying below the fundamental value is always a smarter idea than buying above the fundamental value, since, in most cases, it is the touch of the fundamental value that globally separates a bear and a bull market. Fun fact: If we were to buy Bitcoin every time it touched the fundamental value, the average buy price as of July 2021 would be $ 1,506.65, which is 87% less than the current fundamental value of Bitcoin . Conclusions 1. The total amount of Bitcoins , as well as the speed of their production (mining) over time, are programmatically limited, which limits the volume of the maximum possible supply 2. Bitcoin is transported, which means that the volume of supply for the current minute will also depend on the actual volume of assets available for sale 3. The viability of the network is based on the amount of computer power supporting it (network hash rate) 4. When analyzing the Bitcoin / Dollar pair, in addition to the real value of Bitcoin , it is also necessary to take into account the real value of the US Dollar 5. Price ≠ fundamental value 6. Buying below the fundamental is always a smarter idea than buying above the fundamental. 7. Don't believe the headlines of financial news and the public words of financiers 8. Selling strawberries can make a fortune too
Pine Script® indicator
by BitCorner
5
Value Area OscillatorThis is an oscillator version of the Value Area Indicator. The Value Area Indicator employs a custom, volatility-weighted moving average formula, which produces a moving average that becomes more reactive during volatile periods. The indicator then provides fibonacci channels above and below the main MA line. The fibonacci channels are sized based on the "golden ratio." This indicator may be helpful to show when the particular cryptocurrency or other instrument is oversold or overbought. If you are looking to add to your position, this indicator can help determine the best times to do so.
Pine Script® indicator
by JRL_6
3
Value Area IndicatorThe Value Area Indicator employs a custom, volatility-weighted moving average formula, which produces a moving average that becomes more reactive during volatile periods. The indicator then provides fibonacci channels above and below the main MA line. The fibonacci channels are sized based on the "golden ratio." This indicator may be helpful to show when the particular cryptocurrency or other instrument is oversold or overbought. If you are looking to add to your position, this indicator can help determine the best times to do so.
Pine Script® indicator
by JRL_6
1
[astropark] Trend Is Your Friend SERIES [alarms]Dear Followers, today I'm glad to present you an indicator which is a mix of three indicators of mine: Trend Is Your Friend Series ! As you may easily understand from the name, this indicator incorporates all 3 Trend is You Friend indicators I made in past. This way you can control all of them just with one indicator. Of course this comes with some useful integration features: a bull green triangle appears when all trends are bullish (you can set an alert for this) a bear purple triangle appears when all trends are bearish (you can set an alert for this) bar coloring reflects the bullish/bearish integration too you have an option to enable/disable all trends buy/sell signals you have an option to hide trend clouds borders (chart will be way cleaner this way) you can still customize each trend indicator settings and set alerts on each trend individually you can enable/disable heikin ashi analysis As per Trend is Your Friend V1/V2/V3, this indicator is for higher timeframe trading, from 4h and above is suggested. This indicator is pretty good for both Swing and Scalping , you can run it over a bot or use it on Renko chart! If you are a scalper, you will love suggested entries for fast profit. You can run it on 1h timeframe in this case (below is not suggested, there is "no-trend" below 1h!). If you are used to scalp trading, be sure to close each trade whenever you feel happy (a proper trailing stop strategy is suggested for example). As I always say, all tools are great if you use them correctly: this is not the "Holy Grail", so always use proper money and risk management strategies. For your reference, here you can see original basic indicators that were integrated here: V1 backtesting strategy V2 backtesting strategy V3 backtesting strategy This is a premium indicator , so send me a private message in order to get access to this script.
Pine Script® indicator
by astropark
4
[astropark] Rolling VWAP V2 [alarms]Dear Followers, today I'm glad to present you yet another awesome Analysis Tool and Strategy, that you may like to use in your trading journey: Rolling VWAP V2 ! This is an upgraded version of my "Progressive VWAP" analysis tool (progressive and rolling are synonymous for me), its description describes quite well what a progressive/rolling vwap is and why they are important to watch: This indicator can print automatically for you many important Rolling VWAPs: Daily (D) 2 days (2D) 3 days (3D) 4 days (5D) Weekly (W) 2 weeks (2W) Monthly (M) Quarterly (Q) Yearly (Y) As an indicator it will let you: enable/disable each rolling vwap, change its color and line style and thickness enable/disable labels and/or price on labels, as well as change their size As a strategy it will let you: enable/disable buy/sell signals choose which strategy to use (all based on rolling vwaps of course) choose a starting date & time from which to start backtesting enable/disable individually long and short setups in the backtesting You should choose low timeframe rolling vwap strategy if you are on a low timeframe, while higher timeframe rolling vwaps are good on medium-high timeframes. For example D-2D-3D rolling vwap strategies are good at 1h or below, the others on higher timeframes. Backtesting results will help you in understanting this point quite easily. This indicator works on every timeframe, market and pair. By the way it must be said that, as a bot strategy it has been tested and designed mostly for Bitcoin trading and it works best on 1h or above. As I always say, all tools are great if you use them correctly: this is not the "Holy Grail", so always use proper money and risk management strategies. This indicator is the alarms version of the backtesting one you can see here below: This is a premium indicator , so send me a private message in order to get access to this script.
Pine Script® indicator
by astropark
Aggregated Perpetuals BasisCONCEPT The aggregated perpetuals basis compares the prices of perpetual swap contracts in crypto (or "perps" for short) with the price of the spot market. The idea behind this is that it can help you analyse whether the derivatives market is being overly bullish or bearish. When the indicator shows positive values (grey colouring by default) it means that perps are trading at higher prices than spot. Generally speaking we say this is bearish or at least not an ideal scenario to long yourself because most of the time this means that derivatives market participants are too aggressive (overbought territory). Vice versa when the indicator shows negative values (green colouring by default) it means that there's a spot premium which is considered bullish. A spot driven market is a healthy market. There could also be a spot premium because market participants that are trading perps are aggressively shorting which puts them at risk of getting short squeezed (again, bullish). FEATURES The indicator works for both BTC and ETH. It's aggregated because it looks at the prices of multiple contracts and it's also volume weighted so that more important markets have a bigger impact. There are three different types of premiums you can select: coin margin, dollar margin or the combined version. In crypto there are two types of perpetual swap contracts. Contracts that work with coin margin and contracts that work with dollar margin, which is mostly USDT although FTX for example also accepts other collateral. Sometimes these contracts trade at slightly different prices and you'll notice that there's also a shift in bullishness and importance between these contracts from time to time. However most of the time the values will be very similar for coin margin and dollar margin. Markets used for the coin margin perps: Binance Bybit Deribit Markets used for dollar margin perps: Binance Bybit FTX The combined premium combines them all. The spot indices used are: BXBT (for BTC) BETH (for ETH) By default it uses "close" as candle source which means it looks at the premium as if the candle were to close right now. If you're looking at higher timeframes I suggest using "ohlc4" because there's a lot that happens within one daily candle for example so you might want to use an average candle price (ohlc4 = open+high+low+close/4) There's a "clamp" feature which puts a cap on extreme values. Sometimes during capitulation events there's a massive spot premium which dwarfs all the other values and that makes the indicator unreadable. In such cases the clamp helps to make the indicator useful again. As you can see I created support and resistance zones (which you can turn off) that max out at 0.4% for bitcoin because by looking at historical data it seems that the premium almost never moves outside of those thresholds (except for those few exceptions during liquidation cascades). There's also an option to smooth out the values. TRADING As discussed earlier, a spot premium is generally speaking considered bullish and a derivatives premium is considered bearish. It doesn't give buy an sell signals, but it helps you with establishing a bias and gauging general market sentiment. This in turn can help you with deciding what side of the trade to take and it shows if the conditions are still favourable for you to take the trade you want, because a spot premium for example usually leads to negative funding which makes it interesting to go long. Send me a private message if you want access so we can discuss it. Cheers.
Pine Script® indicator
by ByzantiumScripts
1
Aggregated Futures BasisCONCEPT An indicator that shows you the futures basis, which is the premium that classic futures contracts are trading at compared to the spot market. By default its settings are for bitcoin quarterly contracts (closest expiration date), although there's a lot of customizing possible. You could also use this indicator for other coins but then you'll have to change the inputs. I'll manually update the contracts when they get close to expiration, but you could do this yourself as well (just in case I disappear for some reason and don't update it anymore). For more info on what the futures basis is exactly check out this short educational post (click chart): FEATURES As previously mentioned, the default settings are for bitcoin. The index used is the Bitmex BXBT index. It's a dynamic and volume weighted spot index which is perfect to get an average price of the spot market. If you want to look at the ethereum futures basis for example then I suggest using the BETH Bitmex index, same concept as the BXBT chart but for ETH. The futures used are quarterly contracts of the most prominent exchanges in crypto. There's also an option to add an average plot (or only show the average: use the selection box) which calculates the average premium of all the futures contracts selected (you can also choose to exclude certain contracts). The standard settings show you the premium in percentage terms, but there's also an options to show the annualized premium. If I don't update the indicator when the contracts expire you'll have to fill in the tickers of the next quarterlies and you'll also have to change the expiration date to make sure this annualized premium still works. There's a "zero line" you can add which is useful for when the futures get close to backwardation. And you can set up bullish and bearish signals of your choosing. By default it shows a bull signal when the premium goes below zero and a bear signal when the premium goes above 10 (if you put it on annualized you'll want to change this threshold). TRADING The futures basis can be very useful to gauge market sentiment. It can give you a better idea of how aggressive market participants are by looking at how much the futures are going up or down relatively to spot. Divergences also often have an impact. If you want access to this indicator send me a private message so we can discuss it. Cheers.
Pine Script® indicator
by ByzantiumScripts
Aggregated VolumeBITSTAMP:BTCUSD This indicator aggregates trading volume data of assets which are traded on multiple exchanges (like cryptocurrencies, commodities, forex and derivatives) to give you better insights on the markets. You can change the markets from which the indicator gathers data in the settings under inputs. By default, data is aggregated from the following markets: Binance, BTC /USDT Binance, BTC /BUSD Bitfinex, BTC /USD Coinbase, BTC /USD Bingbon, BTC /USD Bitstamp , BTC /USD Kraken, XBT/USD Gemini, BTC /USD OkeX, BTC /USDT Huobi, BTC /USDT
Pine Script® indicator
by CantThinkofOne
3
Bitfinex DataAn indicator with a series of Bitfinex related metrics. It's easy to use and it has data for both BTC and ETH and it's coin denominated. Open interest for BTC and ETH on the bottom. Longs and shorts for both coins. You can select USD margin or UST (tether) margin. Long/short ratio. There's also the possibility to combine everything and look at data for USD and UST margin together. A straight forward visualisation of changes in longs and shorts. The indicator is free so if you add it to your favourites you can start using it right away. Shout out to u/truenomic because we made this indicator together. You should follow him because he also makes great stuff. Cheers.
Pine Script® indicator
by UnknownUnicorn2188849
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CRYPTOPRODear traders, Welcome to CRYPTOPRO indicator. Only for crypto markets! This is an invite only script, please PM me to request permission for testing and access. This indicator is developed as a scalping, intraday or swingtrade strategy. Been working on indicators for years now, now back to trading again and made the best possible indicator for different timeframes. The indicator uses market data, multiple timeframe ma/rsi charts and price action for determining a long or short strategy. The indicator does not repaint! I have made the indicator as easy as possible to use with added background colors. How to use: - Long strategy: when background turns to green after bar closing. - Short strategy: when background turns to red after bar closing. Alerts: - Alerts are included in the indicator and are very simple to use. - Alert "buy" for long strategy (green background) - Alert "sell" for short strategy (red background) - The alerts can also be used for automated trading/bot trading. Time Frames : - Can be used for all different timeframes. Chart candles: - Indicator is to be used with standard prince candles. Note: - Trading and financial markets are always risky and unpredictable. - All trades made based on this indicator and his results are always your own responsibility. - As an author i will not be held responsible for any of your trading profit or loss. Always be cautious when trading. Charts can be applied to all TV supported crypto charts. If you find the indicator usefull share your support and feedback in the comments. Any questions PM me for more info.Thank you! DISCLAIMER: No sharing, copying, reselling, or any other forms of use are authorized for our scripts / strategy, and the information published with them. This script / strategy is strictly for individual use. This is not financial or investment advice. Investments are always made at your own risk and are based on your personal judgement. NYTRADE is not responsible for any losses you may incur. Please trade wisely.
Pine Script® indicator
by NYTRADE
7