Only for Bitcoin!
This indicator locates weekly gaps created by the CME Futures market for Bitcoin.
As you can see, Bitcoin tends to close the weekly gaps created in the futures market so I thought this could be a very useful tool.
Instead of having to look between multiple charts, this simply overlays the past weeks open and close should a gap appear.
Following Preston Pysh's "Bitcoin Mayer Multiple" study (www.theinvestorspodcast.com), I made this simple script to plot the Mayer multiple by calculating the ratio between bitcoin price and its 200-day moving average. It also plots the moving average of ratio itself.
P.S. Checkout the Swiss army knife we're...
Hope you're all doing well
This script is a generic cloud generator using a pre-selected set of moving averages (I probably forgot a lot but listed all the ones I used at least once).
A cloud is a visual representation of the gap between two moving averages - it shows right away how big in that gap (=how far they are from each other)
This volume indicator gives you a unique perspective and ability to analyze volume in any market. The upper line that is always >=0 represents average up volume over a user definable period while the lower line that is always <= 0 represents the average down volume over a user definable period.
green == bullish candle but volume lower than average
NVT Signal, or NVTS, is an indicator that compares the market cap of Bitcoin to the aggregate USD value of daily transactions on the Bitcoin blockchain. It is a value indicator that shows a multiple of Bitcoin price against the actual usage of its blockchain. When the NVTS is low, it suggests Bitcoin price is low relative to the amount of utility the network...
Renko charts are awesome. They reduce noise by only painting a brick on the chart when price moves by a specified amount up/down. When the price reverses, it must go twice the specified amount before a brick is painted. Time is not a factor, just price movement. Sometimes however, you want the pros of a renko chart, but on a regular candlestick chart. This...
Super Trend is based on volatility and attempts to show the overall greater trend of a market. Thanks to everget for the idea of improving the Super Trend code. Thanks to kiasaki for ROC code.
The idea here is to enter a trade upon trend reversal (unless we have a white background - this indicates choppy/sideways market).
Follow the background color...
This strategy has three components.
Philakones EMAs are a sequence of five fibonacci EMAs. They range from 55 candles (green) to 8 candles (red) in length. A strong trend or breakout is marked by the emas appearing in sequence of their length from 8 to 55 or vice versa. These EMAs are also used to signal an exit. Only two EMAs are used for exit signals - when...
!!! If you want to use this tool for free you have to to following steps:
1) say thanks to LEGION who coded the first version.
2) say thanks to LAZYBEAR cause we ripped some code snippets from him.
3) say thanks to Ni6HTH4wK who coded the latest version.
4) say thanks to xSilas who gave the idea.
5) I know i said its a FREE Tool and you dont...
Created a Parabolic SAR strategy where price has to close under/above the level before for it to reverse. This way it should be a bit more stable and protect you from false breakouts.
It was impossible to adjust the built-in "sar" function so I implemented PSAR from scratch. So if you're interested in how it's work inside you can check the code and probably...
Pivot reversal strategy almost always works pretty good for crypto.
Here is setup with 4 left, 4 right bars for pivot points for XBTUSD 1h chart.
It shows a pretty nice performance of 350% with only 10% dd, Sharpe is 1.16.
If you're interested in using this strategy in my scripts you can find alerts for it and a version with added backtesting range.
Modified Ease of Movement :
* Open Interests used on Futures instead of Volume (Includes Bitcoin)
* Exponential Moving Average used instead of Simple Moving Average
* Division Number cancelled. (Division Number gives wrong signals inside strong trends.)
NOTE : This code is open source under the MIT License. If you have any improvements or corrections to...
This indicator measures value of basis (or spread) of current Futures contracts compared to spot. The default settings are specifically for Bitmex XBTU19 and XBTZ19 futures contracts. These will need to be updated after expiration. Also, it seems that Tradingview does not keep charts of expired contracts. If anyone...
Bitcoin’s Real Volume
An accurate read on the change in Bitcoin’s volume profile over time.
Based on 2019 reports by Bitwise and Alameda Research.
Please see the script code notes for assumptions and details on data selection.
Follow me for more information on this script.
Modeling Bitcoin's Value With Scarcity
The Stock to Flow model for Bitcoin suggests that Bitcoin price is driven by scarcity over time.
Bitcoin is the first scarce digital object the world has ever seen. It is scarce like silver & gold, and can be sent over the internet, radio, satellite etc. Bitcoin includes a mathematical mechanism to restrict its supply over...