Trendoscope

Crypto Volume/Strength Comparator

Trendoscope Wizard Mis à jour   
Hello Traders,

Here is an attempt to perform comparative analysis between top cryptos based on strength (oscillator) and volume. Methodology used here is similar to Magic Number formula described in the post : Enhanced Magic Formula for fundamental analysis. But, instead of using fundamentals, we are making use of few technicals to derive similar outcome. Usage of the available stats will not be same as Magic number since we are using technicals.

⬜ Process

▶ Get crypto exchange based on prefix of instrument being used.
▶ For the given exchange, get data for all the tickers available in input fields.
▶ Calculate Oscillator, Momentum based on price for each tickers.
▶ Calculate Oscillator, Momentum based on volume for each tickers.
▶ Calculate Volatility for each tickers.
▶ Rank Price-Oscillator, Price-Momentum, Volume-Oscillator, Volume-Momentum, Volatility for each tickers.
▶ Calculate combined rank by adding up individual ranks.
▶ Calculate movement of rankings from bar to bar
▶ Sort tickers based on rank and populate them on table. Display direction of rankings.

⬜ Components

Display components are as follows:


⬜ Settings

Settings are pretty simple and straightforward

⬜ Calculations
Oscillators : High values of oscillators are considered as ideal as the process is intended towards finding trend.
Momentum : Momentum is calculated on the basis of Squeeze Momentum Indicator by @LazyBear.
Volatility : Volatility is calculated on the basis of Williams Vix Fix by @ChrisMoody. Here too since we are in trend following mode, lower vix fix is considered ideal.

⬜ Few Notes
  • Tickers will show data only if selected exchange has them. Some tickers are not available in all exchanges. In that case, it will show NAN. This is kind of unavoidable as we need to have fixed size arrays for any calculations.
  • Indicator works only on crypto tickers which has valid exchange.
  • Tickers move through the rankings in real time. Background of all stats are based on gradient from green to red.
  • Tickers on top may not always have better long opportunity or tickers at bottom may not always be optimal for shorting. We need to consider how long the instrument may stay in the position or how fast it is moving in opposite direction. Hence, directions of the ranking movement are also shown on the table.
Notes de version:
Added price to the stats
Notes de version:
Update chart
Notes de version:
Added option for multi timeframe
Notes de version:
Fixed HTF issue
Notes de version:
Update chart
Notes de version:
Small updates
Notes de version:
Fixed the issue of showing blanks.
Notes de version:
Updates to make use of input.symbol instead of string for tickers.

Script open-source

Dans le véritable esprit de 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 le règlement. Vous pouvez le mettre en favori pour l'utiliser sur un graphique.

Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.

Vous voulez utiliser ce script sur un graphique ?