Extremely Overfit Bitcoin Long/ShortThis is a highly overfit (in my opinion) script to long/short BTC on the 15m time frame. May be usable for other cryptocurrencies or timeframes with some parameter adjustments. I backtested it on a few exchanges with ETH.
The simplest way to increase the number of trades is to decrease the "FastChannelLength" parameter or increase the "SlowChannelLength" parameter, or both. Decreasing the margins of the channels also increases the number of trades. In GENERAL, you should expect that adding more trades will hurt profitability, because, as the title says, this script is extraordinarily overfit.
It does include a commission fee from the start, which I find is essential to not providing an overly rosy view of how a strategy would work.
Bitcoin (Cryptocurrency)
Bitcoin Premium for Bitfinex and Coinbase By CompoundWater
Bitcoin Premium for Bitfinex and Coinbase By CompoundWater
Timing and Application:
When the crypto trend is obviously positive for a long time frame, give short-term investors a reference.
Purpose:
This is for Bitcoin Price between Bitfinex(BFX) and Coinbase(CB)
and give you some hint when to be careful and when to find chance to buy/long BTC.
if
(BFX – CB ) Bitcoin Price:
< 0 will show red line below
> 0 will show green line below
Action:
💀 show (BFX – CB <0 too much): Be care market may be too greed!
💗 show (BFX – CB >0 too much ): Try to find some chance to long BTC!
Why?
There are many big and old players in Bitfinex.
Coinbase may has more small investors and new user.
Data source: Coinbase/Bitfinex BTCUSD
The indicator is recommended to be applied in 4hr timeframes.
Disclaimer: only for learning reference, please consider by yourselves
Hourly Scalp Engine◆ Purpose of this Script
The Hourly Scalp Engine (HSE) is designed to show scalp long opportunities on lower timeframes (H, 2H or 4H) based on a Fibonacci-valued MA-like structure. It was tested for Bitcoin and Ethereum, with the 2H timeframe seemingly giving the best test results. The chart shows a few instances where the price crossed below the HSE to trigger an entry (marked manually with arrows).
◆ Settings
Default scaling input (10.6) is tuned for Ethereum (ETH/USD) on Kraken.
Scaling input for Bitcoin (XBT/USD) on Kraken: 10.4.
Reasonable timeframes: H, 2H, 4H. Recommended timeframe: 2H.
You should probably set an alert for when Price crosses under the HSE.
◆ Instructions
As this is purely a scalp engine (and not feasible for long-term trades), the instructions have to be followed precisely for intended functionality:
As soon as Price crosses below the HSE, contemplate if you want to scalp, i.e. check current price, other indicators and market conditions. If yes, enter a scalp long. Do not enter the trade if : price has crossed above the HSE already and sits more than 1 % above it, or the down-wick was so deep and quick that it already retraced 10 % to the upside from the wick low (even if price is still below the HSE). In both cases it might be too late to enter.
Watch the 2H candle, at which you entered the trade, closing. Draw a 10 % price range from the wick low to the upside. The range high is your exit point. Set a take profit trigger there. Set a stop loss slightly below the wick low.
Observe the price action for the next 6 hours (i.e. the next three 2H candle closes). If price bounces up and hits the target, you exit with 10 % gains. If price hasn't moved to the target after 6 hours, close the trade at current price. If the stop loss should be hit in the meantime, you will have closed the trade automatically. The 10 % gain as a target was chosen because it seems to be hit very often, while higher targets are not reliably hit.
◆ Example Trade
Shown below is an example trade with correct drawing of the 10 % price range.
◆ Viability
From backtesting this should be a viable strategy for most instances where the HSE is crossed. However the HSE is not as hard as a boundary as e.g. the Confidence Bands (also published by DeanTrader), so that price can and will sometimes breach through (= close below) the HSE (as e.g. in the case of the March 2020 black swan event). Still even there a profitable trade could have been performed on the first bounce dependent on actual entry, although more risky due to very high volatility. Before using the HSE please make yourself familiar with the price action history of the considered asset and review the instances where the price crossed below the HSE in connection with the rules laid out in "Instructions" to understand the system and how to execute the trades. Also note that scalp trades are generally harder to perform than slower-paced swing trades, as timing becomes much more important and noise becomes relevant.
◆ Access
For access to this indicator please contact me via DM on TradingView or on Twitter (linked on my TradingView profile and in my signature).
Moritsz's Customized RSIBasically just your standard RSI with a twist. Key differences:
1. Overbought and Oversold levels are moved to a higher and lower level following the nature of cryptocurrency.
2. Added a middle trendline at 50. Above is usually an uptrend, below is a downtrend.
3. Better looking than your typical RSI.
4. Nice pretty colors to please your eyes :)
Enjoy.
Bitcoin Bullrun ATHFind Bitcoin's next ATH before bearmarket.
This indicator, which successfully indicated the 3 previous tops, has been modified and improved.
Its precision is the most accurate on the 2h timeframe.
3 features:
- A visual percentage gauge will show the next potential high of the current bull run when it reaches 100%
- Possibility to add an alert when the gauge reaches 100%. To do this, go to the tradingview alert menu and instead of the ticker, choose "Bitcoin Bullrun ATH" (Don't forget to set the timeframe on 2h or less.)
- Possibility to choose if you want to see or not the tips/gauge/percentage only.
Welcome and have a good bull run.
FieryTrend IndicatorI created this indicator because it can be quite difficult sometimes to find the direction of the market, which supports and resistances are important, where to place targets, etc. This indicator is excellent for traders which trade on reversals and breakouts from resistances and supports.
The indicator tries to make it clear which areas are of importance and which are not. To find the market structure, all you have to do is to connect the dots by drawing a line between them.
By connecting the dots, it becomes clearer where important resistances and support areas are located. By making this information easier to digest you can place your entries, targets and stops easier and faster, becoming a better trader in the process. With connecting the dots, it might be the case that they won’t line up perfectly, which is fine. It’s all about the bigger picture.
The best time frames for this indicator are M15, H1 and H4. You can fiddle around with the Length input to get different results; I’ve found that the base input works the best for the aforementioned time frames.
For more examples, see below:
Fibonacci DCA TrendThis bot makes use of an algorithm which detects new heights and places limit orders according to the Fibonacci retracement theory. By placing limit orders under the current price, the bot allows itself to catch smaller and larger dips. This is also known as “Dollar-Cost-Averaging”, DCA in short. This bot is ideal for bull markets, both on crypto and stock indices.
The green lines are the limit orders. As soon as the price touches the limit order, a position is entered.
The settings of the back test as follows:
starting capital = 100k
leverage = 1
commission = 0.2%
Equity per trade = 5%, a realistic investment strategy when trading 2-3 assets with this bot.
It’s advised to trade this bot with futures for potential leverage. On time frames lower than H1 I’d use 2x-3x leverage for better results, especially in trending markets. On larger time frames I wouldn’t use any leverage.
This bot has very strong results on a multitude of assets. The best results are on the M15 time frame.
To give you a few ideas, this bot is tested on the assets below. All the results are very similar. You can contact me for a back-test on a specific asset. You can find the back-test results on my website.
BTC
ETH
SPX500
NAS100
The standard inputs are generally the best all-round inputs. Feel free to change the inputs to your liking.
I've also made a study-script for easy implementation on the exchange. You get that script once you get access to this bot.
RSI Trend CryptoDear community,
Today I want to present you one of my favorite and simple trading bots: The RSI Trend.
This bot is based on the RSI, which normally is used as a trend reversal indicator. However, here it’s used as a trend finding indicator, often with great success. This bot making long-only trades, which is quite successful in bull-markets like the one we’re currently in.
In case you want to use an emergency exit for your trade, toggle the Emergency Exit parameter. During bull-markets it’s better in the long term to keep this option off.
Currently the bot only makes one trade at a time (pyramiding = 1), for higher risk and higher rewards you can increase this parameter. More than 5 is not advised.
I’ve optimized this bot on 15min time frame. It has some decent results for most cryptos on this TF, feel free to test this out.
In case you want to hook this bot up to your exchange, feel free to edit the ALERT messages in the code.
Default Trading Rules:
Long: RSI crosses over 35
Close Long: RSI crosses under 75
Emergency Exit: RSI crosses under 10
BTC Perpetual Futures Premium [Morty]Version 1.0, 20210409
This is an oscillator indicator that shows the premium between BTC perpetual futures and spot prices.
The prices of futures and spot are weighted average prices, weighted by the exchange's trading volume.
When the indicator is in the upper half of the region, the funding rate of perpetual contracts is relatively high, and the market trend is bullish.
When the indicator is in the upper half of the region, the funding rate of perpetual contracts is relatively high, and the market trend is bearish.
You can set the upper and lower limits of the premium. When the indicator exceeds the upper or lower limit, the trend usually reverses.
Buy the dip, Sell the high.
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Version 1.0, 20210409
这是一个振荡器指标，它显示了BTC永续期货和现货之间的溢价。
期货和现货的价格是加权平均价格，由交易所的交易量加权。
当指标在上半部区域时，永续合约的资金费率相对较高，市场趋势是牛市。
当指标在上半部区域时，永续合约的资金费率相对较高，市场趋势是熊市。
您可以设置溢价的上限和下限。当指标超过上限或者下限，通常会趋势反转。
Buy the dip, Sell the high.
ELIA MULTI INDICATORS STRATEGYExperimental multi indicators strategy, to catch right entry and avoid noise.
Each indicator included in the strategy, assume a value based on its status and because is a trend-follow strategy, some indicator value are higher then the other
Backtested on ETHUSDTPERP
BINANCE:ETHUSDTPERP
Scalping Dips On Trend (by Coinrule)Coinrule's Community is an excellent source of inspiration for our trading strategies.
In these months of Bull Market, our traders opted mostly on buy-the-dips strategies, which resulted in great returns recently. But there has been an element that turned out to be the cause for deep division among the Community.
Is it advisable or not to use a stop-loss during a Bull Market?
This strategy comes with a large stop-loss to offer a safer alternative for those that are not used to trade with a downside protection.
Entry
The strategy buys only when the price is above the Moving Average 50 , making it less risky to buy the dip, which is set to 2%.
The preferred time frame is 1-hour.
The stop-loss is set to be quite loose to increase the chances of closing the trade in profit, yet protecting from unexpected larger drawdowns that could undermine the allocation's liquidity.
Exit
Stop loss: 10%
Take Profit: 3%
In times of Bull Market, such a trading system has a very high percentage of trades closed in profit (ranging between 70% to 80%), which makes it still overall profitable to have a stop-loss three times larger than the take profit.
Pro tip: use a larger stop-loss only when you expect to close in profit most of the trades!
The strategy assumes each order to trade 30% of the available capital and opens a trade at a time. A trading fee of 0.1% is taken into account.
VP Extractor By CryptoScriptsThe VP Extractor 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 5min, 15m, 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.
PEO 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!
Extreme Money [Crypto Trading FR]Extreme Money aims to smooth out market fluctuations and predict trend changes.
The algorithm shows the turning points in the market and uses multiple filters to present the best potential turning points. Although this is its core functionality, Extreme Money also incorporates a series of popular other indicators (see below) allowing full identification of trends on the chart.
The tool aims to calculate market strength and then show potential turning points in the market signalled with small circles. Once the trend confirmation has changed, the algorithm signals a circle, giving the trader the potentially desired entry with an audible or pop-up alert if needed. The more circles there are when setting up the entry, the greater the chances of a trend reversal.
This algorithm can be used on all time intervals, as well 5, 15 or 30 minutes but it is particularly recommended on the 1H, 2h and 4H intervals for maximum efficiency. The indicator works as well for swing-trading as for intra-day trading: whatever the time interval selected, it filters potential entries with great precision.
The algorithm can also be used with any cryptocurrency or currency pairs from traditional markets, the parameters of the algorithm can be customized and adapted without difficulty.
Extreme Money also includes 8 indicators assembled in a single script, which can be activated or deactivated manually:
1) Algo (main indicator)
2) EMA
3) Hull
4) Trend
5) Pivots
6) Trend line
7) VWAP Line
8) RSI Swing
Benefits :
- Notifies the trader of potential entries
- Color coded entries for buying and selling
- Creates cluster signals at potential turn points
- Aims to avoid market noise
- Used on all types of timefames
- Analyze the current market trend
- Assists in Predicting Market Turn Points
- Cryptocurrency, FX, stock indices and gold trades
- Maximize profits
- Analyzed market strength and weakness
Bitcoin Perpetual SwapsThis script track most important Bitcoin Perpetual Swaps vs SPOT (Coinbase).
When strong green color emerge implies that Swaps are trading at premium to spot.
When strong red color emerge implies that Swaps are trading at discount to spot.
These information is useful because it give leading information towards where funding rates are heading.
When trading at premium it will push towards Positive Funding Rates (Longs pay Shorts)
When trading at discount it will push towards Negative Funding Rates (Shorts pay Longs)
It's can also be used to give identify potential local tops or bots when values get too extreme.
Volume RSI Crypto This is a special version RSI, in this case , I am using the volume, which is measuring the speed and change of volume to the price both up and down size.
Volume RSI attempts to gauge price trend changes via changes in bullish and bearish movements.
Its formula is :
VoRSI = 100 - 100 / (1 + VoRS)
where VoRS is Volume Relative Strength over specified period which is calculated as a ratio between averages of Up-Volumes and Down-Volumes:
VoRS = (Average Up-Volume) / (Average Down-Volume)
The logic for this strategy is simple
We entry long when we have a crossover with the Overbought level and we entry short when we have a crossunder with oversold level.
If you have any questions, please let me knw !
Simple BTC scalper 1minThis is a simple but effiecient 1 min scalper for BTC pairs
Its made of EMA 200 and Stochastic RSI.
Rules are simple :
For long we check that close is above the EMA and that stochastic crosses on the 20 level.
For short we check that close is below the EMA and that stochastic crosses above the 80 level.
We exit long when we enter short, and viceversa for short.
If there are any questions, please let me know !
BTC/usd BTC/usdt Volume & AltcoinsMarketcap dominance BithanosIndex introduction:
Function 1 of this indicator:Display the average trading volume of the 8 major BTC spot exchanges.
Bitcoin trading volume select BTC /USD
VOLBITSTAMP
VOLCOINBASE
VOLGEMINI
VOLKRAKEN
Bitcoin trading volume select BTC /USDT
VOLHUOBI
VOLBINANCE
VOLOKEX
VOLBITFINEX
Average trading volume = ( BTC /USD trading volume aggregation + BTC /USDT trading volume aggregation) / 8
This indicator function 2:Display BTC /USD trading volume as a percentage of total trading volume .
BTC /USD trading volume ratio = BTC /USD trading volume aggregation / ( BTC /USD trading volume aggregation + BTC /USDT trading volume aggregation)*100%
This indicator function 3:Displays the percentage of the market value of altcoins in the total market value of the cryptocurrency market.
Market value of altcoins = total market value of altcoins / total market value of cryptocurrencies * 100%
Glossary:
"MA length volume moving average period"
"Adopt Vol MA Enable Volume Moving Average"
"Vol average BTC combin shows the average trading volume of the 8 largest BTC spot exchanges"
"Adopt Btc /Usd Vol% Enable Btc /Usd Vol %"
"Adopt ALTS marketcap% enabled altcoin market cap"
"EmaBoll for Vol% / Marketcap% The Bollinger Bands based on Ema's mid-rail can be used for the volume ratio or the market value ratio"
本指标功能1：显示8大BTC现货交易所均摊成交量。
比特币成交量选取 BTC /USD
VOLBITSTAMP
VOLCOINBASE
VOLGEMINI
VOLKRAKEN
比特币成交量选取 BTC /USDT
VOLHUOBI
VOLBINANCE
VOLOKEX
VOLBITFINEX
均摊成交量 = （BTC/USD 成交量聚合 + BTC /USDT 成交量聚合）/ 8
本指标功能2：显示BTC/USD 成交量 占总成交量百分比。
BTC /USD 成交量占比 = BTC /USD 成交量聚合 / （BTC/USD 成交量聚合 + BTC /USDT 成交量聚合）*100%
本指标功能3：显示 山寨币市值 占据 加密货币市场总市值 百分比。
山寨币市值 占比 = 山寨币总市值 / 加密货币总市值 * 100%
名词解释：
" MA length 成交量均线周期"
"Adopt Vol MA 启用成交量均线"
"Vol average BTC combin 显示8大BTC现货交易所均摊成交量"
"Adopt Btc /Usd Vol % 启用Btc/Usd成交量占比"
"Adopt ALTS marketcap % 启用山寨币市值占比"
"EmaBoll for Vol% / Marketcap% 基于Ema中轨的布林带 可用于成交量占比 或 市值占比"
Funding Rate for FTX:BTCPERP (estimated) v0.1 Original credits goes to @Hayemaker, and @NeoButane for the TWAP portions of this script
By @davewhiiite, 2021-03-27
Version 0.1
Summary: The funding rate is the interest charged / credited to a perpetual futures trader for taking a long or short position. The direction of the funding rate is used as an indicator of trader sentiment (+ve = bullish; -ve = bearish), and therefore useful to plot in real time.
The FTX exchange has published the calculation of their funding rate as follows:
TWAP((future - index) / index) / 24
The formula here is the same, but expresses it in the more common % per 8hr duration:
funding = TWAP((future / index) - 1) * (8 / 24) * 100
For reference: future refers to the FTX bitcoin futures contract price (FTX:BTCPERP) and index is the spot price of bitcoin on the exchange (FTX:BTCUSD)
Additional notes:
Probably best to add to the indicator to a new pane, or as secondary axis
Plot this in combination with FTX:BTCPERP or FTX:BTCUSD, or chart of your choice to complement your bitcoin dashboard
Compare to funding rates published on ViewBase
questions? Ask me!
[BTCUSD] DinhChienFX [2 orders]* Historical statistics from 2018:
* Strategy will enter 2 orders, Order 2 will appear only when there is Order 1:
- Percent profitable of 1st order: 64.76%.
- Percent profitable of 2nd order: 49.86%.
- Average percent profitable: 57.31%.
- 14 consecutive wins.
- 4 consecutive losses.
Order 1: risk / reward ratio 1/1 used to determine if this rule is effective or not?
Order 2: Appears when there is order 1, Use take-profit and take-loss level of order 1 at Fibonacci 75%.
. * 1st Order conditions:
- Buy: When the ADX index cuts up to 45, check earlier if the closing price has cut up and is above the Upper 2 line, enter the Buy order.
- Sell: when the ADX indicator cuts up to 45, check before that if the closing price has cut down and is above Lower 2 then enter a Sell order.
* How to enter Order 2: When order 1 appears, there are always Stoploss and Takeprofit levels. Draw Fibonacci from take-profit and take-loss prices, Fibonacci retracement level = 75%
----------------
1. Trend identification:
- Channel Keltner:
... Uptrend: when the closing candlestick cuts up and is above the Keltner channel, the Upper Line 2
... Down trend: when the candle closes and falls above the Keltner Line Lower 2
2. Rules of entry:
- Channel Keltner:
... Buy: Candlestick closing price cuts up and above the Keltner Upper 2.
... Sell: The closing price of the candle cuts down and is lower than the Keltner Below 2.
ADX indicator:
... Buy: The ADX value crossed to 45 and the close of the candle was higher than Keltner Upper 2.
... Sell: ADX value cuts to 45 and the close of the candle is lower than Keltner Below 2.
3. Stoploss and Profit = atr (20) * 2.
Volume Extractor By CryptoScriptsThe Volume Extractor is an indicator I've been working on for awhile that involves a Volume Oscillator derived from various volume 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 15m, 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 oscillator is overbought AND is 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 oscillator is 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 oscillator is 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 oscillator is oversold AND is 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 oscillator is 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 oscillator is 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 oscillator 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 paired with my Price Extractor indicator i.e taking a trade when both indicators are displaying overbought/oversold or crossing outside of the bollinger bands . Measuring 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!
Lash Out OscillatorPurpose of this Script
The Lash Out Oscillator (LOO) is designed to indicate local tops and bottoms of the considered asset when the price considerably 'lashes out', based on normalized price deltas. It also features divergences that can be used for trading. The LOO is mainly used for Ethereum (ETH) and Bitcoin (BTC), but can in theory be used for every asset. Customization of the input settings is then needed to match the boundaries well to the historic price data. The default parameters are tuned for Ethereum.
Settings
Default input settings are tuned for Ethereum (ETH/USD) on Kraken on daily (D) timeframe.
Generally best used on daily (D) timeframe. You might also want to test the 4-hourly (4H) timeframe.
After applying the indicator to the chart, one typically has to zoom into the oscillator as the raw price delta is also plotted (in blue) which often overshadows the oscillator in magnitude.
For all other assets besides Ethereum, the oscillator and boundary values have (very likely) to be adjusted.
All individual pieces can be hidden from the chart (especially important as one might want to hide the blue raw price delta as it could disturb the process of tuning the oscillator due to automatic zoom-outs).
Input Settings for Bitcoin
Aside from Ethereum (default settings), I provide the following settings which can be used for Bitcoin (BNC:BLX) on daily (D) timeframe:
Averaging Length: 20
Donchian Length: 40
Donchian Scaling: 0.2
Fixed Red High: 6.1
Fixed Red Low: 2.3
Fixed Green High: -2.3
Fixed Green Low: -6.1
Still, feel free to tune the LOO to your liking.
Differences to Classic Oscillators as e.g. Relative Strength Index (RSI)
Classic oscillators as the RSI feature fixed limit values (e.g. 0 to 100 for the RSI) and are therefore (as the name says) very relative (you cannot reliably guess tops or bottoms just from the RSI value). The LOO features non-fixed limit values (they can theoretically go to infinity, but are in practice very well contained within some range), leading to less relativity and more absolute behaviour, which is beneficial in spotting local tops and bottoms. Just as the RSI, the LOO shows (bullish and bearish) divergences on the chart, which can be used for refined trading.
Interpretation
Given are two boundary types:
Fixed boundary areas
Donchian channels
Normally one should look out for the LOO to hit the red or green fixed boundary areas. Although the range is in theory infinite, the fixed areas give good hints when a local top could be hit, at least for the Ethereum case. For additional trades one can look for the LOO to hit the Donchian channels. Note that these areas/channels have to be adjusted by hand for all other assets besides Ethereum. General trading ideas are:
After the red (green) area is hit, a short- to mid-term (depends on market phase) short/hedge (long) trade might be in order.
During full bullruns (bearmarkets), the LOO can extend a bit more into the red (green) area. Here look out for bearish (bullish) divergences to possibly enter mid-term trades.
After the upper (lower) Donchian channel is hit, a short/hedge (long) trade could be wagered.
Alerts
Alerts are built-in that trigger when the LOO crosses into the red or green fixed boundary regions.
Access
For access to this indicator please contact me via DM on TradingView or on Twitter (linked on my TradingView profile and in my signature).
Crypto Risk Buddy - Lite: Position Size, SL & TP System [UTS]
Crypto Risk Buddy - Lite
Position Size, Stop Loss & Take Profit System
The ultimate system to calculate trading risk on crypto assets.
The 'Lite' version is limited to BTC as base currency.
₿ Cyptocurrencies
Position Sizing
De-risk possible drawdown by calculating a proper position size.
Define your risk percent based on your net value
Freely define your account currency
Trade any asset by the customizable Base / Quote currency factor
Calculate trading fees
Show all information on a customizable data screen
Stop Loss
Minimize trade risk by calculating your stop-loss.
Percent, Value and Delta display from current price
ATR based (Average True Range, modifiable)
Custom SL value possible
Adjustable
Two visual representations on chart
Automatically and real-time calculated on screen
Take Profit
Multiple take-profit levels to ensure not giving back to the market.
Up to 3 take profit levels to define
ATR based (Average True Range, modifiable)
Custom TP values possible
Easily customizable
Two visual representations on chart
Automatically and real-time calculated on screen
Currencies
Choose an account currency and calculate your risk for every trading pair.
USD
EUR
GBP
AUD
CAD
CHF
HKD
JPY
NOK
NZD
RUB
SEK
SGD
TRY
ZAR
BTC (crypto)
ETH (crypto)
USDT (crypto)
BUSD (crypto)
USDC (crypto)
Crypto Risk Buddy: Position Size, SL & TP System [UTS]
Crypto Risk Buddy
Position Size, Stop Loss & Take Profit System
The ultimate system to calculate trading risk on crypto assets.
₿ Cyptocurrencies
Position Sizing
De-risk possible drawdown by calculating a proper position size.
Define your risk percent based on your net value
Freely define your account currency
Trade any asset by the customizable Base / Quote currency factor
Calculate trading fees
Show all information on a customizable data screen
Stop Loss
Minimize trade risk by calculatig your stop-loss.
Percent, Value and Delta display from current price
ATR based (Average True Range, modifiable)
Custom SL value possible
Adjustable
Two visual representations on chart
Automatically and real-time calculated on screen
Take Profit
Multiple take-profit levels to ensure not giving back to the market.
Up to 3 take profit levels to define
ATR based (Average True Range, modifiable)
Custom TP values possible
Easily customizable
Two visual representations on chart
Automatically and real-time calculated on screen
Currencies
Choose an account currency and calculate your risk for every trading pair.
USD
EUR
GBP
AUD
CAD
CHF
HKD
JPY
NOK
NZD
RUB
SEK
SGD
TRY
ZAR
BTC (crypto)
ETH (crypto)
USDT (crypto)
BUSD (crypto)
USDC (crypto)
Bull Market Trend Following StrategyThis Bull Market Trend Following Strategy is perfect for long or short term Crypto or traditional market trading and investing.
It is based mainly on the ATR indicator and will therefore adapt to any market conditions and volatility.
It has a number of variable options to try and maximise gains, including stop loss and take profit points, and the ability to wait for pullbacks.
Please let me know if you find any optimal settings, and don't hesitate to ask any questions I'm always happy to help.
Thanks a lot.
