OPEN-SOURCE SCRIPT
BTC Volume*Close from Top Exchanges
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The script is designed to create a custom indicator that calculates the total volume of Bitcoin traded on various exchanges, calculated in millions of dollars, and then plots a histogram of that volume along with a Simple Moving Average (SMA) of the volume.
The script starts by setting some input parameters such as the length of the SMA and the range period. It then requests data on the volume of Bitcoin traded on several exchanges such as Binance, Coinbase, Kraken, and others. It calculates the combined total volume across all these exchanges and multiplies it by the close price of Bitcoin to get a value in millions of dollars.
The script then checks if the volume is rising while the price is lower than the previous 5 bars high and higher than the previous 5 bars low, and if so, it sets the color of the histogram bars to white. It then plots the histogram bars and the SMA on the chart.
The script starts by setting some input parameters such as the length of the SMA and the range period. It then requests data on the volume of Bitcoin traded on several exchanges such as Binance, Coinbase, Kraken, and others. It calculates the combined total volume across all these exchanges and multiplies it by the close price of Bitcoin to get a value in millions of dollars.
The script then checks if the volume is rising while the price is lower than the previous 5 bars high and higher than the previous 5 bars low, and if so, it sets the color of the histogram bars to white. It then plots the histogram bars and the SMA on the chart.
Notes de version
The script is designed to create a custom indicator that calculates the total volume of Bitcoin traded on various exchanges, calculated in millions of dollars, and then plots a histogram of that volume along with a Simple Moving Average (SMA) of the volume.The script starts by setting some input parameters such as the length of the SMA and the range period. It then requests data on the volume of Bitcoin traded on several exchanges such as Binance, Coinbase, Kraken, and others. It calculates the combined total volume across all these exchanges and multiplies it by the close price of Bitcoin to get a value in millions of dollars.
The script then checks if the volume is rising while the price is lower than the previous 5 bars high and higher than the previous 5 bars low, and if so, it sets the color of the histogram bars to white. It then plots the histogram bars and the SMA on the chart.
Notes de version
The script is designed to create a custom indicator that calculates the total volume of Bitcoin traded on various exchanges, calculated in millions of dollars, and then plots a histogram of that volume along with a Simple Moving Average (SMA) of the volume.The script starts by setting some input parameters such as the length of the SMA and the range period. It then requests data on the volume of Bitcoin traded on several exchanges such as Binance, Coinbase, Kraken, and others. It calculates the combined total volume across all these exchanges and multiplies it by the close price of Bitcoin to get a value in millions of dollars.
The script then checks if the volume is rising while the price is lower than the previous 5 bars high and higher than the previous 5 bars low, and if so, it sets the color of the histogram bars to white. It then plots the histogram bars and the SMA on the chart.
Notes de version
This script calculates and plots the volume-weighted close price for various cryptocurrency exchanges, and also calculates the difference between real and fake volume. The script uses TradingView's Pine Script programming language and includes various functions and indicators to make these calculations and plot the results.The script first defines various input parameters, including the length of the Simple Moving Average (SMA), the range period, and the market share of Binance and Bybit in percentage. It then defines the names of the exchanges and their respective volume data, and calculates the total volume across all exchanges.
The script also defines the names of fake volume exchanges and their respective volume data, and calculates the total fake volume. It then calculates the product of volume and close price in millions, and calculates the differences between real and fake volume using derivative weight and leverage factor.
The script plots a histogram of the volume-weighted close price, with green bars indicating positive volume and red bars indicating negative volume. It also plots a histogram of the leverage factor, and a Simple Moving Average of the volume-weighted close price.
Notes de version
The histogram represents the combined volume of Bitcoin on multiple exchanges, as well as the volume of fake exchanges. The table displays the derivative weight and leverage factor, which are metrics used to evaluate the difference between real and fake volumes.The script sets several input variables, including the length of the simple moving average (SMA), the range period, and the market share of Binance and Bybit (which are the biggest price manipulators now). The script then requests volume data from various exchanges and calculates the combined total volume across all exchanges. It also calculates the product of volume and close price in millions.
The script then calculates the differences between real and fake volume and derivative weight. It also calculates the leverage factor and the average used leverage. It calculates the market pressure imbalances and determines whether volume is rising but the price is lower than the previous 5 bars high and higher than the previous 5 bars low.
Finally, the script plots the histogram bars, SMA, derivative weight, and leverage factor on the chart. It also displays the derivative weight and leverage factor in a table in the bottom-right corner of the chart.
Colors an functions:
1. Histogram green color -Volume goes up and the price goes up
2. Histogram red color - Volume goes up, but the price goes down
3. Histogram white color - Volume goes up, but the price is ranging. In theory in this zones the smart money are opening or closing trades. They need to stop the volatility to be possible to enter and exit on good prices
4. Histogram Blue color - This is the difference from all exchanges volume and price manipulations from Binance and Bybit. When there is high volume in blue, that means that Binance and Bybit are manipulating the market
5. Leverage factor option - You can explore with what average leverage are the positions coming from Binance and Bybit manipulations. When they are pumping the market, the average leverage is going up. When they are dumping it, the leverage falls down. Using this option, you can also understand liquidations and market rotations.
NB! When you use leverage factor, everything else should be turn off
Script open-source
Dans le plus pur esprit TradingView, l'auteur de ce script l'a publié en open-source, afin que les traders puissent le comprendre et le vérifier. Bravo à l'auteur! Vous pouvez l'utiliser gratuitement, mais la réutilisation de ce code dans une publication est régie par nos Règles. Vous pouvez le mettre en favori pour l'utiliser sur un graphique.
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