Crypto Index (DXY) CandlesA modification of @loxx's "Dollar Index (DXY) Candles" allowing for a user selected basket of tickers using the same weights as the standard DXY. Ticker Inputs are in descending order so highest weight is at the top by default, although weighting can be changed manually by modifying the symbol's corresponding weight input in the settings. The Idea was to get a bird's eye view of the crypto space using some of the more relevant names in the space. User's can use the toggle in the settings for viewing the default DXY for comparison. Indicator should be used as a confirmation when looking at long term trend changes in the space, shorter time frames may, or may not be as useful.
Cryptocurrency
Wave Fusion By CryptoScriptsThe Wave Fusion indicator is finally here! This indicator is a combination of the Wave Strength Oscillator and RSVP Extractor. It used a combination of momentum waves, volume, price, RSI, and statistical analysis to help nail down whenever the current price is overextended and due for a reversal. I'm currently using the 1D timeframe for BTC but feel free to experiment on different timeframes to see what works best for you. In the description below, I'll go over each signal, how it's derived, and how to use them!
Oversold (Green shaded area) - The oversold indication appears whenever all oscillators are oversold and is usually a good indicator that a reversal to the upside is around the corner (at least for a short period). Be advised these are the weakest of the three signals so I recommend using this signal with other indicators (such as my MFI Pro).
Overbought (Red shaded area) - The overbought indication appears whenever all oscillators are overbought and is usually a good indicator that a reversal to the downside is around the corner (at least for a short period). Be advised these are the weakest of the three signals so I recommend using this signal with other indicators (such as my MFI Pro).
Green Diamond - The green diamonds indicate whenever one or more oscillators are oversold AND one or more oscillators are outside of the bollinger bands, which is great for catching reversals to the upside. These may come two or three at a time so it may be best to wait until they have all printed before entering.
Red Diamond - The red diamonds indicate whenever one or more oscillators are overbought AND one or more oscillators are outside of the bollinger bands which is great for catching reversals to the downside (as seen in the chart). These may come two or three at a time so it may be best to wait until they have all printed before entering.
Rocket - The rocket symbol occurs whenever ALL oscillators are oversold and one or more oscillators are outside of the bollinger bands . This is great for catching reversals to the upside but may come two or three at a time so it may be best to wait until they have all printed before entering.
Red Alarm - The red alarm symbol occurs whenever ALL oscillators are overbought and one or more oscillators are outside of the bollinger bands . This is great for catching reversals to the downside but may come two or three at a time so it may be best to wait until they have all printed before entering.
Moon - The Moon symbol occurs whenever ALL oscillators are oversold and ALL oscillators are outside of the bollinger bands . This is great for catching reversals to the upside but may come two or three at a time so it may be best to wait until they have all printed before entering.
Blood Moon - The red alarm symbol occurs whenever ALL oscillators are overbought and ALL oscillators are outside of the bollinger bands . This is great for catching reversals to the downside but may come two or three at a time so it may be best to wait until they have all printed before entering.
Strongest to Weakest Buy Signals - Moon --> Rocket --> Green Diamond --> Green Shaded Area
Strongest to Weakest Sell Signals - Blood Moon --> Red Alarm --> Red Diamond --> Red Shaded Area
Input Options
Show Histogram - I also included a Histogram in the indicator to help gauge the level of buys/sell strength but kept it hidden for the default levels (i.e a green diamond with a red histogram bar is usually a good sign a reversal is about to happen to the upside whereas a green diamond with a green histogram bar may indicate a false reversal and there's still more room to the downside until a red bar appears. Always backtest this!)
Show Overbought/Oversold Levels - This is if you want to ignore all of the green/red shaded areas and only focus on the diamonds and rocket/alarm signals
Wave Overbought/Oversold Levels - Free free to change to value of the overbought/oversold levels to change where the green/red shades areas print
Momentum Overbought/Oversold Levels - Free free to change to value of the overbought/oversold levels to change where the green/red shades areas print
Histogram Length - This will not change anything with the signals but I included it so you can change the visuals if it helps you
Momentum Length - This will change where the signals plot
Momentum Signal - This only changes the yellow signal line and nothing else. It's not incorporated into any equation
Average Length - This will change where the signals plot
Alerts
I've set alerts on this indicator for each icon (Oversold, Overbought, Green Diamond, Red Diamond, Rocket, Red Alarm, Moon , Blood Moon). 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 MFI Pro, MACD, 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 works with crypto and stocks as well.
If you have any questions or would like to purchase this indicator, please comment below or PM me. I also made a video tutorial for the indicator on my Youtube channel (link is next to my profile pic)
Be advised past performance is not indicative of future returns. Backtest EVERY timeframe and NEVER blindly take signals! Also, never invest more than you can afford to lose.
Enjoy :)
Coin & market cap tableThis table was built specifically for the Crypto market.
It gives you a quick overview of the markets without having to scroll through numerous charts. The information is the overall markets daily change and the charts coins movement on a daily, weekly and monthly basis.
The weeks start on a Monday morning, the months start on the 1st of the month so this is last weeks data and last calendar months data.
It also gives you Bitcoins dominance. (Total2) you can change it to Bitcoin & Ethereum dominance (Total3)
Delbert Scalpbot Indicator 1.0.1Our script will catch market trend 1st by identify Highs, Lows, higher highs, higher lows, lower highs & lower lows created on market movement.
Based on market structure it will generate buy/sell signals on golden pockets like 0.62 fib level when a market structure break , it will start prompting ready to buy or ready to sell signal . Once price comes to our level the buy/sell signal will be generated and if any user set our indicator to his/her chart with alert function call , it will start giving u notification if u have trading view premium .
Best pert of this indicator is ,it will give u a proper entry price with SL & TP with proper position size as per your account balance & risk % per trade set by u :) you no need to go for a calculation .
Your position size = leverage x margin, so if indicator says u to take 1252$ in position size, u just go for 125.2$ in 10X leverage in cross mode .
With risk management tool set by us. User can set risk per trade also can set account balance in setting of it , for an example ,if user put 100$ trading account balance and set risk per trade 2% then each trade will be executed with considering maximum loss amount in $2 , not more than that . detail calculation set on script by Devs of Delbert team , and it is tested .
Preferred time frame to use 2,5,10,15 mins .
Preferred coins BTC / ETH or any large market cap coin .
Still it's not a financial advice to anyone , feedback appreciated if u like it . We will make it more better day by day .
- Team Delbert's Trading
Covering Shadow Candle PatternThis indicator shows 3 types of objects on chart:
1. downward red triangle above a candle: 3 green candles followed by a fourth red candle of which the low price is lower than the low of the 3 previous green candles, this is usually the sign of reversal from upward movement to a downward one.
2. 1. upward green triangle below a candle: 3 red candles followed by a fourth green candle of which the high price is higher than the high of the 3 previous red candles, this is usually the sign of reversal from downward movement to a upward one.
3. boxes: these boxes are drawn when the patterns of cases 1 and 2 fails to perform as expected which means we have some important areas at that level so it can be a resistance or support zone .
Z Score BandThis is a band based on Z Score. What is Z Score? In layman's terms it's a method of finding outliers within a sequence of numbers. It's highly effective to quantify pump and dumps in the crypto market.
The middle line is a simple Exponential Moving Average, you can configure this with whatever period you prefer. It comes default with a period of 247 to which I find suitable for my style of trading. The upper and lower bound are determined by the standard deviation you choose in the settings, it comes with a default of 1.69 although I've heard people saying 2.5 is a better number to really pinpoint outliers.
Trading with this indicator is like trading with any band based indicator. The main difference is that this indicator's sole purpose when I wrote it is to help me find shorting positions in the futures market. On the contrary though, longs are also achievable although I rarely long the futures market.
If prices hit the upper bound and get rejected, it's probably because the move was an outlier, it doesn't happen often and when it does usually it reveals crypto's nature of buying spot and hedging short in the futures market. When prices stay above the upper bound, switch to a higher timeframe until we can see that it's still have some ways upwards.
What's true about using this as a shorting tool is also true with longs. However, it might not be as effective, I'd like to be proven wrong.
Beta ScreenerThis script allows you to screen up to 38 symbols for their beta. It also allows you to compare the list to not only SPY but also CRYPTO10! Features include custom time frame and custom colors.
Here is a refresher on what beta is:
Beta (β) is a measure of the volatility—or systematic risk—of a security or portfolio compared to the market as a whole (usually the S&P 500 ). Stocks with betas higher than 1.0 can be interpreted as more volatile than the S&P 500 .
Beta is used in the capital asset pricing model (CAPM), which describes the relationship between systematic risk and expected return for assets (usually stocks). CAPM is widely used as a method for pricing risky securities and for generating estimates of the expected returns of assets, considering both the risk of those assets and the cost of capital.
How Beta Works
A beta coefficient can measure the volatility of an individual stock compared to the systematic risk of the entire market. In statistical terms, beta represents the slope of the line through a regression of data points. In finance, each of these data points represents an individual stock's returns against those of the market as a whole.
Beta effectively describes the activity of a security's returns as it responds to swings in the market. A security's beta is calculated by dividing the product of the covariance of the security's returns and the market's returns by the variance of the market's returns over a specified period.
cov (a,b)/var(b)
Crypto and FX PSCA simple tool to calculate crypto position size and FX lot size.
How to use:
1. Use TradingView measurement tool or position tool to know how wide is your stop loss.
2. Set the equity and risk parameters.
2. For crypto, input the PERCENTAGE in stop loss;
For FX, input the PIPS.
3. Position size will be displayed in the panel.
Notes:
>Position size is in USDT for Cryptocurrencies
>Lot size for forex.
Forex contract size is your account type set by the broker:
Standard = 100,000 units = ~$10/pip
Mini = 10,000 units = ~$1/pip
Micro = 1,000 units = ~$0.10/pip
Nano = 100 units = ~$0. 01/pip
Credits:
trananhvu149
hanabil
[astropark] Crypto VolumeDear followers,
today I'm releasing a free tool to show on your chart the total volume for the ticker you are navigating amongst most important crypto exchanges , both spot and futures pairs: binance, bybit, ftx, coibase, kucoin, bitget, huobi, bitifnex, kraken.
Hope it can help you to visualize traders' actions at key points and be more profitable!
-- astropark
[TTI] Minervini MonAlertHISTORY AND CREDITS–––––––––––––––––––––––––––––––––––––––––––––––––––––––
The inspiration for this script comes from the stealth platform functionality by Mark Minervini, that he calls MonAlert. The acronym for which comes from Monitor and Alert. The indicator has been developed for the traders, who would like to have "Minervini-like" eyes on technical setups for confirmation and violations. It paints on the chart the things that Mark looks for pre and post buy to confirm or violate the trade.
WHAT IT DOES––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
The script provides visual and summarised view for technical confirmation and violations of the chart.
The main functionality comes in the form of a button called "Mon Alert". For quick comprehension, the label changes colors and can be 3 colors:
🟩. Green means that confirmations > violations
🟨 Yellow means that confirmations = violations
🟥 Red means that confirmations < violations
When you hover on top of the shape you get a quick report of the technical health of the chart:
👈 click to watch video
The report summarised over 42 different signals in ONE!!
20 violations, 19 confirmations and 3 warning signs
The signals group as follows:
👉 Rules 1-3 deal with the position of the price against the configured Moving averages
👉 Rules 4 & 5 deal with Volume calculations. In essence how does the volume on up days compare against volume on down days. Also how much was the breakout volume compared to the highest down volume.
👉 Rules 6-8 deal with price patterns. The indicator looks if the price pattern has printed 3 lower lows, the number of good vs ad closes as well as respect of the breakout day low
👉 Rules 9-11 deal with the Weekly and Daily patterns. In essence we look for consecutive up weeks, big down weeks on large volume
👉 Rules 12-13 deal with % advancements. There is a famous rule of William O'Neil about stock making 20% advancement. The script also looks for significant advancements like 3% declines or advancements
👉 Rule 14-15 deal with Distribution counts, Number of closes on high vs Number of closes on low as well as Angle D setup, a term coined by Mark of the price close vs 50D SMA.
Additionally, there is the functionality to plot these on the exact bar when they occur.
All signals use price action and volume action only to determine whether the action is confirming or violating. The rules also employ calculations around the moving averages to determine results. The indicator only takes into account price action from the date onwards only.
HOW TO USE IT–––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
The indicator is great for people who want to train their eyes on the confirmations and violations of a setup BEFORE or AFTER they make a position.
After you load the script you choose from when does the MonAlert start working, you do this by selecting vertical time line and after a few seconds of calculations the indicator appears with the report.
When the violations pile on (e.g. MonAlert button is red), this signals the trader that it is not favorable to stay in the stock anymore and hence close any long position.
On the contrary, when the MonAlert button is green, then the trader is advised to keep position.
Trendmaster - Crypto On-Chain Metric BundleWhat it is:
The ‘Trendmaster Crypto On-Chain Metric Bundle’ is truly a one-of-a-kind bundle. It provides a complete insight into the on-chain dynamics of the entire Crypto asset class, with a multitude of different included indicators providing unique information and data points to give users an edge regardless of ticker, timeframe, or trading style.
What it Does:
Allows you to switch between several different metrics in one place and see specific combined metrics and look at the metrics to take contrarian positions
How to Use it:
Use these metrics to see the on-chain actions in cryptocurrency and play the contrarian. For example, when people are flooding into stablecoins as the price goes down you can see that as a potential buy indicator.
All metrics can be viewed with a Dashboard allowing the user to see all of the information in 1 place.
List of On-Chain Metrics:
To begin with, we have the ‘Trendmaster On-Chain Rating’ – which is our all-in-one, complete on-chain overview metric that can give you an instant insight into the fundamental and underlying strength of any given Crypto asset. It collates the key factors provided by all other indicators within the bundle, weighing in and condensing all of that information into a simple -5 to 5 scale; with a -5 indicating a completely bearish outlook on the asset, and a +5 representing truly great upcoming upside potential. As this indicator is taking into account large amounts of data and statistics to provide an on-chain overview, this value is best taken into consideration on higher timeframes such as the 4hour or daily to provide fundamentally strong buy or sell swing trade opportunities. Extreme rating signals on this indicator are rare but always worth taking into serious consideration.
Secondly, we have the ‘Collated Open Interest Oscillator’ – which gives us a peek into the current outlook of the derivatives market across a wide array of Crypto futures on a number of different exchanges. This indicator provides data on a 0-100 scale, with 100 indicating a substantial and sustained increase in open derivative positions in relation to the underlying market volume. A score of 100 can tell us that a huge amount of traders are trying to position themselves with high leverage in anticipation of a big move, and can often be compared to periods of extreme greed from market participants. On the contrary, a value of 0 shows us that the derivative market is decreasing in volume and therefore open interest is decreasing, which can be likened to periods of extreme fear. This data is only provided at daily intervals, but as incredibly high or low values on this indicator can have an almost instant impact, this indicator is best utilized for medium-term trading and investment decisions.
The ‘Social Sentiment Oscillator' analyses bullish and bearish narratives in relation to a number of large Cryptocurrencies and the market in general, across multiple social media platforms. Rather than a traditional 0-100 ‘Fear & Greed’ index that many may be familiar with, this indicator tracks the changing in sentiment across platforms on a -100 to 100 scale. A score of -100 may not necessarily indicate immediate extreme fear in the market, but instead a huge shift from an incredibly bullish narrative to an incredibly bearish one. Similar to a score of 100, this does not necessarily indicate that the current outlook on social media platforms is currently positive, but rather that a substantial amount of people are altering their views and have become more bullish on a short-term basis. This data is only provided at daily intervals, so make sure to keep an eye on price and sentiment divergences for the best swing trade opportunities to play contrarian to the majority.
Following this is the ‘Miner Confidence Metric’, which provides a long-term overview of the current Crypto miner's outlook. This simple -10 to 10 scale gives us an easy-to-follow bearish to the bullish sentiment of miners. This indicator takes into account the current hash rate, looking at both how it historically compares as well as its rate of decrease/increase; as well as on-chain miner movements to verify their stance on either holding onto their Crypto earnings or preferring to move their coins to exchanges to sell and cover their running costs. Generally speaking, miners can face difficulties operating during times of large market drawdowns, and may be forced into offloading and selling physical and virtual resources to remain afloat – this is indicated by a -10 value at the extreme end, and has historically provided outsized returns for long-term investors accumulating at their demise. Contrary to this, a score of 10 can indicate that miners are not only bullish on the future of crypto, but are likely also expanding operations in anticipation of higher prices in the future. This data is only provided at daily intervals, but on longer-term timeframes provide some of the best long-term accumulation opportunities available to market participants.
Next is the ‘Collated On-Chain Volume’ indicator, which simply monitors a variety of Cryptocurrencies and their underlying on-chain transactional usage. When collating these volumetric data it can provide invaluable insight into the current actions taken by market buyers and sellers and often larger players who can have a big influence on price. Typically when we see large spikes in on-chain usage it indicates substantial levels of accumulation or distribution, which can be made more obvious by observing where we currently are in a market cycle. Large spikes after large and extended periods of drawdown can represent coins transferring from retail to larger players who are often referred to as ‘smart money’; and with large on-chain volume following a substantial bull cycle, this may show us larger players distributing coins to retail. Data can only be fetched at daily intervals, but watch for big spikes to try and position yourself alongside the big players.
We also have the ‘Holder in Profit %’ which as it sounds, is just giving us a percentile value of Crypto traders, investors, and holders who are currently in profit on their positions. Historically speaking, when a majority are at a loss – and buying ‘when there is blood in the streets has been a profitable venture. Considering cutting some of your positions when market exuberance is in full effect and a vast majority of participants are reaping in easy profits. As data is only obtained at daily intervals, using this as a longer-term gauge for where we may be in a cycle is where it is most insightful.
The ‘Long/Short Ratio Crossover’ analyses the current disparity between traders who have positioned themselves in a long position on derivatives markets in comparison to those betting on prices going down. This indicator provides another impressive insight into the fallacy of the herd mentality, and how aiming to be on the opposite side of the masses can often be a profitable venture. A value of 100 can show us that an overwhelming majority of traders are predicting a price increase and are trying to position themselves accordingly, whereas a value of -100 indicates almost all derivative traders are trying to bet on a sizeable market downturn. This metric can be useful for both long-term positions and shorter-term scalping methods of trading and investing, updating on a per-candle basis.
Along with this, the ‘Retail Stablecoin Demand’ looks into the current demand for a number of Crypto stablecoins, aiming to mimic an underlying value close to that of traditional fiat currencies like the US Dollar. This is calculated by analyzing the short to mid-term rush to these ‘safer’ assets by retail traders. Traditionally people will exit their positions in favor of stable assets when they are either currently or are expecting to experience losses. Conversely, when users foresee upcoming profits they are likely to transition into a more ‘risk-on’ thesis and exit their stablecoins for more speculative assets. A value of 100 represents a huge demand for stablecoins, whereas a value of -100 shows that there is currently a lack of interest. Another indication providing a chance to profitably play the contrarian, with figures constantly updating to provide the functionality to all regardless of your trading methodology or investment philosophy.
Lastly the ‘Whale Bubbles’, display overlaying circles of varying size and opacity to represent on-chain activity by larger market players who are transferring a portion of their substantial holding, usually to exchanges to sell. These bubbles are placed over price action to clearly see the point at which the transaction occurred. We can also lower the minimum requirement of what is defined as a ‘whale movement’ by increasing the sensitivity within the indicator settings and subsequently increasing signal frequency. When whales begin to sell in numbers, it may be worth considering doing the same yourself!
We hope you can find utility in all of these indicators, and that in unison they can take your trading and investment to the next level. A majority of these indicators within the bundle can be tweaked and optimized within the bundle to further fine-tune and cater to your preferred trading and investing thesis. Check out our other resources and let us know what you’d like to see next!
ADR - Average Daily Range RobertsFXThe most overlooked but powerful indicator makes you see the markets for what they are.
You will see how much the markets move on average per day. This is fantastic info if you are an intraday trader and want to set your take profit within the average range, so you have as high a probability as possible of reaching your take profit today.
You can also trade reversals from ADR high and low. Very often the price changes direction back into the middle of the ADR high and low, at around 50%.
Trendmaster - Crypto Miner Confidence MetricWhat it is:
The Crypto Miner Confidence Metric analyses a handful of highly utilized Crypto networks to gain insight into the potential sentiment amongst those securing them and more specifically Crypto miners.
What it does:
It takes into account the overall trend in the increase or decrease of current computational power securing the networks, otherwise known as the hashrate - as well as the overall network inflows/outflows and holdings of those miners.
How to use it:
Using this data we can conclude whether their stance is currently Bullish or Bearish, with a value of 100 indicating an extremely positive future outlook from miners and a value of 0 representing a severe lack of confidence. Changes or pivots in the direction of miner confidence can indicate a shift in their Bullish or Bearish stance.
Historical Crypto Conference DatesJust a basic list date script to display various conference dates from the crypto sector. Updates to add more conferences.
Red - BTC Miami
Blue - Consensus
Trendmaster - Crypto Social Sentiment OscillatorWhat it is:
The Crypto Social Sentiment Oscillator looks at several social metrics for both Bitcoin and Ethereum more deeply than a simple Fear and Greed Indicator,
to produce a general market sentiment for cryptocurrency.
What it does:
Social Sentiment tries to gain insight into the current retail opinion and mindset on the Crypto sector.
Analyzing multiple social networks and the positive/negative posts and engagement throughout,
we can establish a broad overview of the underlying emotion in reaction and anticipation of price movement.
How to use it:
A value of 100 can indicate extreme market greed, with 0 indicating extreme fear.
Generally, the more Greedy a market is, the more it is punished to the downside.
The more Fearful a market is, the more it is surprised by the upside.
Moving Average Directional IndexMADX is ADX-inspired indicator with moving averages that determines strength of a trend, as well as its direction. Indicator works following:
As the value of MADX increases, so does the strength of a trend
If MADX+ ( green line - bullish MADX ) crosses above MADX- ( red line - bearish MADX ) we consider trend as bullish and vice versa..
There will be situations where MADX- and MADX+ cross multiple times in a short period of time -> that will mean that market indecision is happening and big move will most likely happen after it.
For the calculation of MADX+ and MADX- we need Moving Averages or Exponential Moving Averages with three specific sources ( high, close, low ).
Now, the calculation of each MADX will differ
=> for MADX+: Moving Average (high) / Moving Average (close)
=> for MADX-: Moving Average (close) / Moving Average (low)
Length of Moving Average is editable.
BTC Twitter SentimentBTC Twitter Sentiment - shows the total numbers of all negative, neutral and positive Bitcoin related tweets.
On default settings, the tweets are plotted in red (negative) white (neutral) as well as green (positive). The three charts are stacked so the total number of tweets is easily discernible.
Furthermore, there's an optional smoothing setting in the options.
The Twitter Sentiment data is provided daily by IntoTheBlock; Since data is only updated once a day the graph might look chunky on lower timeframes, even with smoothing.
BTC Dominance Exclude Stablecoins(USDT, USDC, DAI)This index's goal is to show the true bitcoin dominance relative to other risky crypto assets, excluding the diluting effects of those ever-increasing stablecoin(USDT, USDC, DAI)'s market cap. In this index, we can see the BTC dominance has been solid increasing & construct bottom during recent fear/bear.
Xiaolai Chen
Sept 14th 2022
BTC Miner Netflows with smoothingBTC Miner Netflows with smoothing - shows the difference between Miner Inflow and Miner Outflow.
Miner income, sales as well as holdings, are generally considered to have a huge market impact, by analyzing miner Netflows, users can gauge if overall miners are accumulating or selling; high positive values point to accumulation, while negative numbers indicate net selling.
Data queried from IntoTheBlock.
Trendmaster - Crypto Collated Open Interest OscillatorThe Crypto Collated Open Interest Oscillator collates Open Interest for Crypto Futures
Across the Crypto Exchanges and updated on the Daily Timeframe.
This is then smoothed to be actionable when massive Green structure on the oscillator
shows potentially a top before dumping and massive Red structure on the oscillator
BTC Hashrate with smoothingBTC Hashrate with smoothing - thanks to the recent integration of IntoTheBlock data into Tradingview, we can now effortlessly show Hashrate data on our chart.
One popular use for Hashrate is to buy when the 30 day moving average crosses above the 60 day moving average, signifying that miner capitulation is over and recovery has started.
Definition
The Bitcoin hash rate is the number of times per second that computers on the Bitcoin network are hashing data to verify transactions and perform the encryption that secures the network. The hash rate is an indicator of how healthy the Bitcoin network is at any given time, and is driven primarily by difficulty mining and the number of miners. Generally, a high hash rate is considered a good thing.
More precisely, the Bitcoin hash rate is the number of times per second that computers on the Bitcoin network are hashing data to verify transactions and perform the encryption that secures the network.
PWV - Price Weighted VolumeThis indicator charts
PWV = volume * close
in order to better visualize exchange volume.
TARVIS Labs - Alts Macro Bottom/Top SignalsSCRIPT DESCRIPTION
PLEASE READ THROUGH THIS CAREFULLY.
This is a script specifically written to help provide indicators from a macro view for ALTS. This script needs to be run on the 1 day. It helps indicate when to accumulate alts, and when its in a bull run when this a bull run top beginning to form with warnings, and a indicator that a top is in. This is described further below.
NOTE - in order to accomodate most alts the script had to be broad enough in its indicators to cover many different scenarios. If you are trading a smaller altcoin I suggest taking a more conservative approach to accumulation.
FAQs:
1. Why is there no accumulation zone showing up before an uptrend?
This could be because the trend has been so strong for this coin that there hasn't been a strong enough signal to accumulate or this could be that the chart doesnt have enough historical data (needs over 2 years) for the indicators to flash green.
2. Why is there no tops shown for a chart Im looking at?
This is either because there isn't enough historical data (needs over 2 years) for the indicators to build or because the altcoin didnt perform as well as the rest of the market. The altcoin has to perform as well as the market over the length of the bull run in order for the signals to show. Typically an altcoin that shows sharp increases and sharp drops shortly after will not have signals show up.
3. The "Potential End of Bull Run Top Indicator" showed up but we weren't near the top yet, why is that?
The alts indicator has to work across many altcoins, and their trends are not all the same. This can lead to the indicator showing but not necessarily being the exact top. The data from the alts macro bottom/top signals should be paired with the "TARVIS Labs bitcoin macro bottom/top signals" indicator for BTC. The reasoning is because if the top is not showing that its in for Bitcoin its likely that the altcoin's top is also not in. You should use the two in tandem to know if the bull run top is very likely in.
ACCUMULATION ZONE INDICATOR - LIGHT GREEN
Description
When we look at the general crypto landscape, the 200d & 300d EMAs are extremely useful. We can use their cross and momentum in order to determine a bottom forming. If the price has fallen over 40% below the 200 day EMA and the 200 day EMA has crossed below the 300d EMA, its a downtrend with a steep fall, which could indicate a good time to accumulate. When we see the 200 day EMA's slope drop drastically (over 5% w/w) it is also a good signal to accumulate.
Strategy for Usage
For alts, the strategy can vary drastically. You need to take into account:
1. the market cap of the altcoin, is it a smaller market cap altcoin or a larger one?
2. historical trend, does it typically trend strongly with a smaller accumulation zone?
Once you've taken these into account you can form a strategy. For example, if the altcoin has had smaller accumulation zones historically you'll want to take advantage of the accumulation zones when they pop up and be more aggressive (say a 30 day accumulation). If the altcoin has historically had longer accumulation zones then you'll want to be more conservative with your strategy and potentially have a 100 day (or even longer) accumulation period. If the altcoin is a smaller market cap alt, you will want to also take that into account. You'll want to likely be more conservative,
STRONG BUY IN ACCUMULATION ZONE INDICATOR - DARK GREEN
Description
We can add to the bottoming signal by looking for strong downtrends inside the bottoming signal. We do this by seeing when the 36 day EMA has a slope decreasing by 2% day/day.
Strategy for Usage
These strong downtrend days can be used to add more to our accumulation strategy. We can add more on these days (ex. double what you were planning to on a typical accumulation day).
LOCAL TOP NEAR BULL RUN TOP INDICATOR - RED
Description
When the 100 week EMA is in a strong uptrend (4% increase w/w) we can look for significant loss of momentum in order to determine if a local top is in near a bull run top. This strategy uses a MACD with 9/36/9 config for the daily chart. We look for the signals momentum loss, when the slope becomes negative.
Strategy for Usage
Ideally the right strategy to use here is to exit the market when this indicator starts. When the indicator ends if the "Potential End of Bull Run Top Indicator" is not showing on the chart you can buy back into the market.
POTENTIAL END OF BULL RUN TOP INDICATOR - DARK RED
Description
When the 100 week EMA is in a strong uptrend (3% increase w/w), and a MACD config of 108/234/9 has a negative signal slope signifying a very large momentum loss, but the 1d 18 EMA is still above the 1d 63 EMA we show this signal.
Strategy for Usage
This is a strong indicator that the top is in, and it potentially being the bull run top. Because alts can vary strongly in their charts, this should be a strong warning but not necessarily a certainty that the bull run is over.
