capriole_charles

Hash Ribbons

capriole_charles Premium Mis à jour   
Buying during Miner Capitulation yields wonderful returns.

The best buy signals occur on Hash Rate "recovery", and when price momentum is also positive.

Historically, this strategy has yielded average returns to cycle peak of >5000%, with max Drawdown of -15%.

Follow me to learn more about this indicator.
Notes de version:
Updated shape titles.
Notes de version:
Cleaned up chart/code. No technical changes.
Notes de version:
More chart formatting for clarity on "light" TradingView theme.

No technical changes.
Notes de version:
Release Notes: Update v1.1

  • All prior calculation logic remains unchanged.

    This Update includes:
    Fix of re-painting issue on live data. This stop false alerts before the daily bar has closed. On live data, yesterday’s Hash Rates will be used regardless of the Bitcoin ticker symbol you are looking at.
  • Addition of multi-time-frame management. This now gives you the ability to use this indicator on any time-frame (Minutely, Hourly, Daily) and always know you are looking at the Hash rate values from yesterday's close.

Enjoy!
Notes de version:
Added optional Hash Rate "Growth" Oscillator.

To use, change the indicator setting "Plot Type" to "Oscillator".

For more information, see my TradingView "Idea": "Miner Confusion? An Unusual State in Hash Rate Growth"

Notes de version:
Added "Capitulation" and "Recovery" text to plot
Notes de version:
  • Added chart "alerts" for easier notification
  • Added chart shape "titles"
  • Minor chart formatting tweaks
  • No calculation changes
Notes de version:
  • Added notes in code explaining how to use the "Spring" (copied below)
  • Added option to display raw Hash Rate
  • Fixed minor bug where 1 blue circle in 2012 didn't appear on the chart


The "Spring" is the confirmed Miner Capitulation period:
- The 1st "gray" circle is the start of Capitulation (1 month Hash Rate crosses UNDER 2 month Hash Rate)
- Last "green" circle is the end of Capitulation (1 month Hash Rate crosses OVER 2 month Hash Rate)
- The "greener" the spring gets (up until blue) represents Hash Rate recovery (it is increasing)
- The "blue" circle is the first instance of positive momentum following recovery of Hash Rate (1m HR > 2m HR). This is historically a rewarding place to buy with limited downside.
Notes de version:
Small fix for intra-day time frame management.
Notes de version:
Minor code tweak.
Notes de version:
Minor code optimization - no logic change.
Notes de version:
Updated projected date for the 3rd halving in May 2020.
Notes de version:
sourcing
Notes de version:
Sourcing update

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 ?