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Bitcoin (Cryptocurrency)

Cryptos Relative Strength Oscillator This is an oscillator made of biggest 40 cryptocurrency/USDT pairs. * It shows relative strength and change of crypto market during certain time on given interval. * The tool has a bunch of data put together into one oscillator: * top and bottom lines are made of 3 strongest and 3 weakest crypto pairs (out of 40) * has visible names of that pairs for several candles back (it cannot show more due to TV's Pine limitations) * in settings you can set up 2 methods of calculations: 1) % change from SMA of price, default is SMA 5 2) % changes from x-candles back, to see that change from the last candle please turn of 'Moving Average' and set up 'Bars Back' to 1 * you can change source to close/hl2/ohlc2/etc Notice 1: - to have nicer visibility of whole oscillator make it bigger part of whole screen then you normally use for other oscillators Notice 2: - scroll your mouse to widen the horizontal axis, so names of certain crypto pairs will be more readable Notice 3: - script has 40 Pine security functions (to gather all the data from all pairs) so it can load up to several seconds - also every change in settings will possibly result in longer loading time ps. This script is invite-only for the members of our trading group (info in signature, group is free of charge).
Pine Script® indicator
by hiddenpablo
MA Multiplier with FibonacciThis implementation of the "2-Year MA Multiplier" gives you some control over the indicator, you can change the multiplier from it's default of 5, you can change the lookback from it's default of 730 days and I've also added three fibonacci traces between the moving average and it's multiple that you can play with. Oh and you can also choose the data source ('close' or 'hl2' make most sense). The formula for this indicator was created by Philip Swift. Thanks to @Pladizow for pointing me to this indicator.
Pine Script® indicator
by bu5hm4nn
Ark Crypto HeatbandThe crypto landscape is largely dominated by BTC and characterised by cyclical stages with varying degrees of mean reversion. To understand what stage of the cycle we are currently experiencing, it is useful to examine to what degree the current BTC price has extended beyond a long term average. This is true even when analysing other crypto assets and helpful to view side by side. This indicator uses the 1400 period daily SMA, which is broadly the 200 period weekly SMA. This can be configured, but historically has represented a baseline to which BTC commonly returns. The graph plots current price in terms of multiples of this long term average. Traditionally, at multiples beyond 10, BTC is considered overextended with a higher likelihood of trending towards the mean thereafter. Colors indicate the extend of price extension. The indicator specifically references BTC by default on all charts as it is designed to use BTC as general purpose indication of where crypto as a whole currently sits. Accordingly the indicator is only to be used on crypto charts.
Pine Script® indicator
by arkaydeus
1
MA200W buy sell BTC ColoredA script to help you plan your entrances and exits with beautiful colors for BTC. It just helps to better highlight the gap between the start of the week and the end. It only work on Weekly. Info : Blue ... you can wait, enjoy your life Green is when you buy Yellow when you enter bull market Orange is when you begin to take care of next week Red when you begin to sell low part White, if while a week you see white you can sell bigs bags, if it end with White you can close majors positions Warning White may not appear, if second week after first Red week is not White you can sell large position Good luck and take a breath
Pine Script® indicator
by Bioubiou
18
Scalping using RSI 2 indicator with TSLThis strategy implements a simply scalping using the RSI (calculated on two periods), the slopes of two MAs ( EMA or SMA ) having different lengths (by default, I use 50 and 200). A trailing stop loss (%) is used. Entry conditions: .) Fast MA > Slow MA and Price > Slow MA and RSI < Oversold Threshold ------> go Long .) Fast MA < Slow MA and Price < Slow MA and RSI > Overbought Threshold ------> go Short Exit conditions: .) Long entry condition is true and (close >= TP or close <= TSL ) ----> close short position .) Short entry condition is true and (close <= TP or close >= TSL ) ----> close long position The strategy performed best on Bitcoin and the most liquid and capitalized Altcoins but works excellent on volatile assets, mainly if they often go trending. Works best on 3h - 4h time frame. There's also an optional Volatility filter, which opens the position only if the difference between the two slopes is more than a specific value, which can be set in the study inputs. The purpose is not opening positions if the price goes sideways and the noise is way > than the signal. Note: .) the RSI length is 2; .) the oversold Threshold is 90%; .) the overbought Threshold is 10%; .) by default, the trailing stop loss per cent is 1%; .) by default, the fast MA length is 50; .) by default, the slow MA length is 200; .) by default, the MA used is EMA. Cheers.
Pine Script® strategy
by Ninorigo
17
RSI Classic Strategy (by Coinrule)One of the questions hobbyist traders more often ask is: what is the perfect trading indicator? Every indicator is just a tool, so its efficiency is proportional to your ability to read its signals and translate them into an actionable trading strategy. The RSI is likely the most flexible and easy to use among the technical indicators. This trading strategy tries to catch short-term swings on the coins of your choice with a simple yet profitable setup. Buy when the RSI is lower than 30 (you can adjust it to 35 in times of steep uptrend). Sell when the RSI is greater than 65 (the target may range between 60 and 75 depending on the volatility of the coin). Note that the buy signal comes when the indicator crosses below 30 and not when it crosses above 30 as it happens on the built-in RSI strategy on Tradingview. The present script overperforms the built-in strategy, even adding trading fees and using a lower amount of capital for each trade (30%). That means that the system can deliver higher net-profits with lower risk levels. A typical example of market conditions where this strategy works perfectly is as follows. The first initial breakout indicates that a new leg up in the trend may start. Bitcoin starts to trade within a range which you can identify when it reaches the point 3. That is the perfect time to start the rule because - trading within a channel anticipates possible swings up and down - the trend is on the upside, providing low downside risk in buying the dips. This strategy works well with selected coins of your choice, and it's a great fit on leverage exchanges like Binance Futures. If you prefer to run it across all available coins on the market, instead, you may choose an optimized version.
Pine Script® strategy
by Coinrule
6
Arbitrage Sniper (POC)Good Morning Traders! Today I want to share with you the proof-of-concept of how you would be able to do arbitrage with crypto pairs. THE INDICATOR MUST BE PLACED ON THE TRADING PAIR OF THE TWO CURRENCIES (i.e. ETH/BTC, EOS/ETH etc.) This arbitrage method is based on the transitional decorrelation between the crypto treding pair and the price ratio of the involved currencies, of course computing commissions as well. Whenever the non-arbitrage condition is not respected, there is an arbitrage oportunity. This indicator won't consider the chance of shorting, so if the arbitrage oportunity occurs the indicator will suggest you just the chance of buying the relative-undervalued currency (but inside the code you will know how to do the alternative method as well, by shorting the relative-overvalued currency) Let's take the trading pair ETH/BTC (as in the graph) → if we assume commissions for the 0.075% of the order, the non-arbitrage condition will be presented like this This arbitrage method will need three orders, so n=3 So let's assume that P(ETH)/(P(BTC)*P(ETH/BTC))>(1-0.075)^(-3) → it means that the price of Ethereum is currently overreated enough (relatively to the trading pair) for doing arbitrage. We have two alternatives: • Buy BTC, change it into ETH (by "buying" ETH in the trading pair ETH/BTC) and then sell ETH • Sell ETH, buy BTC, change it into ETH (by "buying" ETH in the trading pair ETH/BTC) On the other hand, if P(ETH)/(P(BTC)*P(ETH/BTC))<(1-0.075)^(-3) → it means that the price of Ethereum is currently underrared enough (relatively to the trading pair) for doing arbitrage. We have two alternatives: • Buy ETH, change it into BTC (by "selling" ETH in the trading pair ETH/BTC) and then sell BTC • Sell BTC, buy ETH, change it into BTC (by "selling" ETH in the trading pair ETH/BTC) I'm saying that is nothing more than a proof-of-concept since: - Arbitrage Oportunities will emerge frequently just nearly zero commissions - Data of prices are retrieved using security() function and there can be some delay (so the arbitrage oportunity will be already extinguished by the time the signal is retrieved) - In order to have the freshest data, repiainting will occurr
Pine Script® indicator
by Drun30
3
CryptoSignalScanner - Pi Cycle - Golden Ratio MultiplierDESCRIPTION: All credits are going to Philip Swift who has written an article on Medium about the PI Cycle Top and The Golden Ratio Multiplier . Based on the article this indicator has been created to display and indicate the Bitcoin PI Cycle Top which has historically been effective in picking out the market cycle highs within 3 days. It also displays the Golden Ratio Multiplier which explores Bitcoin's adoption curve and market cycles. • The PI Cycle Top is based on the 350DMA (Daily Moving Average) multiplied by 2 and the 111DMA (Daily Moving Average) • The Golden Ratio Multiplier is based on the 350DMA (Daily Moving Average) the The Golden Ratio which is defines as 350DMA * 1.61803398875 and the Fibonacci Sequence which is defined as 350DMA * 2, 350DMA * 3, 350DMA * 5, 350DMA * 8, 350DMA * 13 and 350DMA * 21 HOW TO USE: • The PI Cycle Top is picking the market cycle tops within 3 days. When the 350DMA x2 crosses below the 111DMA Bitcoin price peaks in its market cycle. This indicates that the market is overbought and it is time to take profit. • The Golden Ratio Multiplier pics the top on every market cycle in Bitcoin’s history and forecasts when Bitcoin will top in the coming market cycle. In 2011 the top was at 350DMA * 21 In 2013 the top was at 350DMA * 13 In 2014 the top was at 350DMA * 8 In 2018 the top was at 350DMA * 5 If we look at the results above the forecast for next top should be at 350DMA * 3 FEATURES: • You can change the Long Moving Average which is by default 350 • You can change the Short Moving Average which is by default 111 • You can show/hide the Pi Cycle Top labels • You can show/hide the Pi Cycle Bottom labels • You can show/hide the Pi Cycle Moving Averages • You can show/hide the Golden Ratio • You can show/hide the Fibonacci Sequence • You can set an alert when the Pi Cycle Top is reached REMARKS: • This advice is NOT financial advice. • We do not provide personal investment advice and we are not a qualified licensed investment advisor. • All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, or stock picks, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. • We will not and cannot be held liable for any actions you take as a result of anything you read here. • We only provide this information to help you make a better decision. • While the information provided is believed to be accurate, it may include errors or inaccuracies. HOW TO GET ACCESS TO THE SCRIPT: • Access to this script is free of charge • You can drop me a message to get access to the script Good Luck, SEOCO
Pine Script® indicator
by seoco
30
Adaptive RSI and MACDHello guys, this script provides a adaptive version of the RSI and MACD. Also you can check in the settings for the long-short-ratio of bitcoin and ethereum. The indicator is adaptive, because it looks at historic price action of a specific period to define, wether the trend is bullish or bearish and therefore adapts the values. What you need to look out for: - MACD crosses, highs (top area) and lows (lower area) - RSI divergences (e.g. adaptive rsi falls and price goes higher) - long-short divergences (e.g. long-short ratio rises and price goes down) - if macd or rsi is above the middle line, the trend is rising and other way around Let me know, what you've been thinking bout the script :-)
Pine Script® indicator
by snurk
6
Binance Z VolumeBTC perpetual volume on Binance is about 4x spot volume. Comparing spot and perpetual volumes could provide useful insights into market sentiment. Abnormal increases in the spot market could be associated with accumulation. Abnormal increases in the perpetual market, on the other hand, could predict volatility as well lows and highs. This script represents a Z-score of the volume of perpetual and 4xspot on Binance. High values above 0 mean that the volume is skewed towards perpetual contracts. Values below 0 mean that the volume is skewed towards spot contracts. Feel free to suggest changes and improvements of this script. Translated with www.DeepL.com (free version) BIO
Pine Script® indicator
by FerdiHodler
3
Fake-out ReversalsThis script combines two simple concepts, stop running and short term momentum, into a simple visual signal that can be applied to any market and any timeframe with some adjustment. It looks for price to violate a prior extreme within a certain lookback window, followed by price triggering a momentum filter that helps put the proverbial 'wind at your back' for the user. Users have the ability to customize three inputs; 1) Bars used to calculate price extremes 2)Bars since price violated that extreme 3)The sensitivity of the momentum filter. You will find that these signals work best in choppy and rangebound price action, less so in trending/grinding markets. For entertainment/educational purposes only. Enjoy!
Pine Script® indicator
by CSC1
10
BTC Price to Hash scoreGrowing btc hashrate are associated with increasing btc price. During speculative phase price growth is disproportionate to the hashrate. On the opposite when the price fall to much in comparison to the hashrate, bitcoin could be undervalued. This indicator identified 3 of 4 major tops and a lot of optimal buy opportunities. Value under 0 signal overbought situations, value above 5.6 signal extremely oversold situations. BIO
Pine Script® indicator
by FerdiHodler
5
DeLorean-V4 Long/ShortThis study aims to follow the trend of the asset, in longer times it is quite correct, but it can also be used in shorter time to be able to follow the trend of the asset. Using the Bollinger Bands indicator, to get a better idea of volatility . This indicator shows me the best trend in the cryptocurrency scenario, but it was very positive, also showing the trend in the "traditional" market. Configured alerts for Long / Short. Enjoy! ----------------PT-BR----------- Este estudo visa acompanhar a tendência do ativo, em tempos maiores é bem assertivo, mas podendo também ser usado em menores tempo para poder acompanhar a tendência do ativo. Usando o indicador Bollinger Bands , para ter uma ideia melhor da volatilidade. Este indicador me mostra a tendência melhor no cenário de criptomoedas, mas foi bem assertivo também mostrando a tendência no mercado "tradicional". Configurado alertas para Long/Short. Enjoy!
Pine Script® indicator
by RafaelFelicio
84
Fibonacci EMAs / Trend and Chopzone identifier Implementation from the highly recommended course "Pinescript Indicator Development" on Udemy www.udemy.com This indicator is mostly to show some techniques in Pinescript rather than be useful for trading, however it does nicely identify trend and chop zones (sideways) on the 1-hour or 4-hour chart. What it does: - Has three EMAs at varying length and plots these on the chart - Computes when the EMAs are in bullish configuration (EMA short > Medium > long) - Computes when EMAs are in bearish configuration (EMA short < Medium < long) - When the EMAs are crossed there is a chop zone (sideways) - Colours the background of the chart as Green (bullish), Red (bearish) or Orange (sideways chop zone) - Also predicts the value of the three EMA's three points into the future using linear regression (showed as dots on the chart)
Pine Script® indicator
by DatCryptoBoi
1
KAMA Strategy - Kaufman's Adaptive Moving AverageThis strategy combines Kaufman's Adaptive Moving Average for entry with optional KAMA, PSAR, and Trailing ATR stops for exits. Kaufman's Adaptive Moving Average is, in my opinion, a gem among the plethora of indicators. It is underrated considering it offers a solution that intuitively makes a lot of sense. When I first read about it, it was a real 'aha!' moment. Look at the top, pink line. Notice how during trending times it follows the trend quickly and closely, but during choppy, non-trending periods, the KAMA stays absolutely flat? Interesting! To trade with it, we simply follow the direction the KAMA is pointing. Is it up? Go long. Is it down? Go short. Is it flat? Hold on. How does it manage to quickly follow real trends like a fast EMA but ignore choppy conditions that would whipsaw a fast EMA back and forth? It analyses whether recent price moves are significant relative to recent noise and then adapts the length of the EMA window accordingly. If price movement is big compared to the recent noise, the EMA window gets smaller. If price movement is relatively small or average compared to the recent noise, the EMA window gets bigger. In practice it means: The KAMA would be flat if a 20 point upwards move occurred during a period that has had, on average, regular 20 point moves BUT the KAMA would point up if a 20 point move occurred during a period that has, on average, had moves of only around 5 points. In other words, it's a slow EMA during choppy flat / quiet flat periods, and a fast EMA as soon as significant volatility occurs. Perfect! ----- The Strategy The strategy is more than just a KAMA indicator. It contains: KAMA exit (optional) ATR trailing stop loss exit (optional) PSAR stop loss exit (optional) KAMA filter for entry and exits All features are adjustable in the strategy settings The Technical Details: Check out the strategy's 'Inputs' panel. The buy and sell signals are based on the 'KAMA 1' there. KAMA 1: Length -- 14 is the default. This is the length of the window the KAMA looks back over. In this instance, it c KAMA 1: Fast KAMA Length -- 2 is the default. This is the tightest the EMA length is allowed to get. It will tend towards this length when volatility is high. KAMA 1: Slow KAMA Length -- 20 is the default. This is the biggest the EMA length is allowed to get. It will tend towards this length when volatility is low. KAMA Filter The strategy buys when the KAMA begins to point up and sells when the KAMA points down. Generally, the KAMA is very good at filtering out the noise itself - it will go flat during noisy/choppy periods. But to add another layer of safety, its author, Perry Kaufman, proposed a KAMA filter. It works by taking the standard deviation of returns over the length of the the 'KAMA 1: Length' I mentioned above and multiplying it by an 'Entry Filter' (1 by default) and 'Exit Filter' (0.5 by default). The entry condition to go long is that the KAMA is pointing up and and it moved up more than 1 x St. Dev. of Returns. The exit condition is when the KAMA is pointing down and it moved down by more than 0.5 x St. Dev. of Returns. Thanks Thanks to ChuckBanger, cheatcountry, millerrh, and racer8 for parts of the code. I was able to build upon their good work. ----- I hope this strategy is helpful to you. Do you have any thoughts, ideas, or questions? Let me know in the comments or send me a message! I'd be glad to help you out. If you need an indicator or strategy to be built or customised for you, let me know! I'll be glad to help and it'll probably be cheaper than you think!
Pine Script® strategy
by cisl22klasjk
15
X Exchange BTC Cash Flow Index (Multi-Exchange)Custom Cash flow Index (Similar to MFI) indicator based on BTC World Volume across all exchanges. Volume Data based on "BTC WORLD VOLUME" by Phil Ledru How it works: Use this indicator like to see momentum changes in Price and Volume across all exchanges for Bitcoin. When momentum is positive, indicator will turn Blue. When momentum is slowing down and price is declining, indicator will turn Red. Like your usual RSI, OB & OS levels are 80 & 20. What to watch out for: - Watch out for Bullish and bearish divergences in Volume - Wedges, Head and shoulders and other formations. Enjoy!
Pine Script® indicator
by yinandyani
4
Mayfair Crypto Strength IndexWorking on the basis of a currency strength index - expresses the index value of a currency. For economists, it is often calculated as purchasing power. while for financial traders, it can be described as an indicator, reflecting many factors related to the currency; for example, fundamental data, overall economic performance or in Crypto terms the strength of the company/asset itself. In the base version; BTC is the thicker Orange level. ETH - the Green XRP - Blue The concept then is similar to a stochastic indicator or RSI - 20% oversold regio & 80% overbought. The zero line can be used as Bullush or Bearish. We wanted to create something that shows the correlation between the top cryptocurrencies as we are often asked about breaking down one or the other. This is not a buy me now or sell me then indicator - just there to assist and compare assets easily. Please feel free to like and follow. Disclaimer This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s, and Forex. Hence each trade setup might have different hold times, entry or exit conditions, and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.
Pine Script® indicator
by Mayfair_Ventures
3
Bitcoin Bulls and Bears by @dbtrBitcoin 🔥 Bulls & Bears 🔥 v1.0 This free-of-charge BTC market analysis indicator helps you better understand what's going with Bitcoin from a high-level perspective. At a glance, it will give you an immediate understanding of Bitcoin’s historic price channel dating back to 2011, past and current market cycles, as well as current key support levels. Usage Use this indicator with any BTCUSD pairs , ideally with a long price history (such as BNC:BLX ) We recommend to use this indicator in log mode, combined with Weekly or Monthly timeframe. Features 🕵🏻‍♂️ Historic price channel curve since 2011 🚨 Bull & bear market cycles (dynamic) 🔥 All-time highs (dynamic) 🌟 Weekly support (dynamic, based on 20 SMA ) 💪 Long-term support (channel bottom) 🔝 Potential future price targets (dynamic) ❎ Overbought RSI coloring 📏 Log/non-log support 🌚 Dark mode support Remarks With exception of the price channel curve, anything in this indicator is calculated dynamically , including bull/bear market cycles (based on a tweaked 20SMA), ATHs, and so on. As a result, historic market cycles may not be 100% accurately reflected and may also differ slightly in between various time-frames (closest result: Monthly). The indicator may even consider periods of heavy ups/downs as their own market cycles, even though they weren’t. Due to its dynamic nature, this indicator can however adapt to the future and helps you quickly identify potential changes in market structure, even if the indicator is no longer updated. On top of that bullmarket cycles (colored in green) feature an ingrained RSI: the darker the green color, the more the RSI is overbought and close to a correction (darkest color in the chart = 90 Weekly RSI). In comparison with past bull cycles, it helps you easily spot potential reversal zones. Thanks Thanks to @quantadelic and @mabonyi which both have worked on the BTC "growth zones" indicator including the price channel, of which I have used parts of the code as well as the actual price channel data. Follow me Follow me here on TradingView to be notified as soon as new free and premium indicators and trading strategies are published. Inquire me for any other requests. Enjoy & happy trading!
Pine Script® indicator
by dbtr
7
Bitcoin Bulls & Bears @dbtr Bitcoin Bulls & Bears The "Bitcoin Bulls & Bears" indicator helps you better understand Bitcoin with a high-level view on Bitcoin’s historic price channel, past and current market cycles, as well as current key support levels. Usage Use this indicator with any BTCUSD pairs , ideally with a long price history (such as BNC:BLX ) We recommend to use this indicator in log mode, combined with Weekly or Monthly timeframe. Features 🕵🏻‍♂️ Historic price channel curve since 2011 🚨 Bull & bear market cycles (dynamic) 🔥 All-time highs (dynamic) 🌟 Weekly support (dynamic, based on 20 SMA) 💪 Long-term support (channel bottom) 🔝 Potential future price targets (dynamic) 📏 Log/non-log support 🌚 Dark mode support Remarks Except for the historic price channel curve, all of this indicator is calculated dynamically , including bull/bear market cycles (based on a tweaked 20SMA). Due to this, the historic market cycles may not be 100% accurate and may also differ slightly between time-frames. It may also consider short times of ups/downs to be their own market cycles, even though they weren’t. This dynamic nature allows this indicator to adapt to the future and quickly help you identify changes in market structure. On top of the that, the bullmarket cycles (green background) feature an ingrained RSI information: the darker the green, the more the RSI is overbought and close to a correction. In combination with past bull cycles, it is easier to spot potential reversal zones. Thanks Thanks to @quantadelic and @mabonyi for their pre-work on the price channel information, which I have taken over here
Pine Script® indicator
by dbtr
[astropark] Trend Skywalker V1 [strategy]Dear Followers, today another awesome Swing and Scalping Trading Strategy indicator: Trend Skywalker ! It shows a trend cloud that reacts very fast to price action, so it's perfect for trending markets: it helps a lot to find out when a trend is going to end and a new is going to start when to enter again within a trending market where to put your stoploss In this example below you can see the three points above: In fact in a trending market it will highlight that: price consolidation within the could is a trend weakening signal , so you can easily spot when a trend is going to end and a new is going to start bullish/bearish trend cloud retests are nice opportunity to re-enter within a trending market, especially if cloud is thick where to put your stoploss ( below the cloud and/or recent low in a buy scenario , above the cloud and/or recent high in a sell scenario ) This strategy/indicator has the following options: change analysis window (the lower, the more reactive; the higher, the less reactive) enable/disable signals on chart enable/disable "more confirmations" signals filter enable/disable bars and background coloring based on trend enable/disable an automatic Trailing Stop strategy option (Automatic Stops) enable/disable a peak profit tracker (the max percentage profit labels) enable/disable highlights of trend cloud retests enable/disable highlights of trend cloud price breakouts Here below some examples how the indicator works on many markets and timeframe. ETH/USD 4h EUR/USD 15m LTC/BTC 1h This strategy only trigger 1 buy (where to start a long trade) or 1 sell (for short trade). Keep in mind that proper risk management and money management strategies are very important to manage your trades (DM me if you need any clarification on these points). This script will let you backtest the strategy performance over the backtesting period you set in input (it may be a lower period, depending on tradingview candles limitation related to your account). The one for setting alarms can be found by searching for the astropark's "Trend Skywalker" and then choosing the indicator with "alarms" suffix in the name. Strategy results are calculated on the time window from February 2018 to now, so about 3 years, using 10000$ as initial capital and working at 1x leverage (so no leverage at all! If you like to use leverage, be sure to use a safe option, like 2x or 3x at most in order to have liquidation price very far). This is not the "Holy Grail", so use proper money and risk management strategies. This is a premium indicator , so send me a private message in order to get access to this script.
Pine Script® strategy
by astropark
3
Ark Crypto HeatlineThis is the 'on chart' indicator. See also "Ark Crypto Heatband" indicator for a side-by-side BTC view, without a re-scaled line. The crypto landscape is largely dominated by BTC and characterised by cyclical stages with varying degrees of mean reversion. To understand what stage of the cycle we are currently experiencing, it is useful to examine to what degree the current price has extended beyond the long term average that BTC has established. This is true even when analysing other crypto assets as BTC is the dominant force in the crypto asset class. This indicator uses the 1400 period daily SMA , which is broadly the 200 period weekly SMA. This can be configured, but historically has represented a baseline to which BTC commonly returns. The graph plots current price in terms of multiples of this long term average. Traditionally, at multiples beyond 10, BTC is considered overextended with a higher likelihood of trending towards the mean thereafter. Colors indicate the extent of price extension. Where the indicator is applied to non BTCUSD pairs, a smoothed conversion is applied, seeking to superimpose the BTC long period SMA onto the current chart. The indicator specifically references BTC by default on all charts, as it is designed to use BTC as general purpose indication of where crypto as a whole currently sits. Accordingly the indicator is only to be used on crypto charts. For best results on BTC, using BNC:BLX will give the longest historical view.
Pine Script® indicator
by arkaydeus