Crypto Performance Index1. The Crypto Performance Index (CPI) estimates the price appreciation of a crypto asset relative to the overall crypto market performance. The indicator is calculated using a Sharpe Ratio principle enhanced with time-domain normalization and cumulative parametrization.
2. The CPI is based on the idea that the performance of an asset should be evaluated not only in terms of its absolute price movement, but also in terms of its risk-adjusted returns compared to the broader market. The Sharpe Ratio, which takes into account both the asset's return and its volatility, is a commonly used measure of risk-adjusted performance.
3. The CPI takes the Sharpe Ratio principle further by incorporating a time-domain normalization technique that adjusts for differences in volatility across different time periods. The cumulative parametrization ensures that the CPI considers the overall performance of the asset over a specified period of time.
4. To use the indicator, select a timeframe and set the standard deviation period (default is 20). The CPI line can be compared against various market benchmarks, including the total crypto market cap (white line), altcoins total market cap (blue line), low-cap altcoins (without ETH), and Bitcoin.
5. An upward slope of the CPI line indicates strong price performance of an asset, with a relatively high chance for the asset to continue growing faster than the market in the future. Conversely, a downward slope of the CPI line indicates weak price performance of an asset, with a relatively high chance for the asset to depreciate in price with respect to the rest of the market in the future.
6. Overall, the CPI provides a comprehensive measure of an asset's price performance, taking into account both its absolute return and its risk-adjusted return relative to the broader market. This makes it a valuable tool for investors looking to evaluate the performance of their crypto holdings and make informed decisions about buying, selling, or holding assets.
Crypto
Trendmaster - Crypto Flow IndexWhat it is:
The Trendmaster Crypto Flow Index is a unique tool designed to give you an overview of the performance of different Crypto market sectors and sub-sectors. It helps you to identify where you should be focusing your investments for maximum portfolio efficiency and profitability.
What it does:
The Crypto Flow Index presents a visual overview of the flows of retail and institutional capital into the four main market sectors: Large Caps, Alts Coins, Shit Coins, and Stable Coins as well as several other sub-sectors. Each sector is assigned a "Flow Score", which indicates its current performance, demand, and strength in percentage terms. The "Flow Score" also provides insights into the current stage of the market cycle and the typical over and underperformances of assets that correlate to it. Additionally, the index factors in the sector have a "Correlation" to the broader market, allowing you to see the best sectors for trading and investing, either for positional hedging or differential plays.
How to Use it:
To use the Trendmaster Crypto Flow Index, you can simply observe the evolving colored line within the indicator and the table overview. You can identify which sectors are outperforming or underperforming the general market and make informed decisions about where to direct your focus and funds. By monitoring the transitions of Flow between sectors, you can gain invaluable insights into the market cycle and the typical over and underperformances of assets that correlate to it. This information will help you to maximize portfolio efficiency by targeting different market sectors based on their performance to the overall cryptocurrency market. The index covers different sectors, including Large caps, Alts, Shit, Stables, AI, Defi, Dex, Exchange, Gaming, Meme, Metaverse, Nft, Privacy, Smart, and Sports.
Examples of Cryptocurrencies represented in the different market sectors:
Large caps: The biggest market cap cryptocurrencies such as BTC and ETH.
Alts: High-cap and high-volume digital assets that are smaller than large caps, such as LTC and XRP.
Shit coins: Smaller cap projects that are highly speculative and experience significant price volatility, such as BAT and HOT.
Stables: Fiat-pegged assets that provide a stable value, such as USDT and USDC.
AI: Projects that are based on artificial intelligence, such as FET and AGIX.
DeFi: Leverages high volume smart contract platforms to provide financial products in crypto, mainly ERC20 tokens such as LINK and AAVE.
DEX: Decentralized exchanges with their own utility tokens, such as UNI and SUSHI.
Exchange: Centralized exchanges with their own utility tokens, such as BNB and CRO.
Gaming: Web3/crypto gaming platforms with their own utility tokens, such as AXS and GMT.
Meme: Similar to shit coins, but with no real functionality and based purely on social media and memes, such as DOGE and SHIB.
Metaverse: Projects that aim to provide Metaverse assets such as virtual land and assets, such as MANA and SAND.
NFT: Non-fungible tokens with their own token or NFT-based platforms that have their own utility tokens, such as APE and LOOKS.
Privacy: Anonymous and privacy-focused chains, such as XMR and ZEC.
Smart: Projects that provide smart contract alternatives to ETH, such as ADA and AVAX.
Sports: Fan tokens based on real-world sports teams or platforms that support and distribute them, such as CHZ and FLOW.
FlashTrade 20 Asset ScreenerThe FlashTrade 20 Asset Screener is a powerful screening tool written in Pinescript and designed for use in Tradingview. It simultaneously monitors a combination of seven (7) lagging and three (3) leading indicators for twenty (20) assets, such as; stocks, cryptocurrencies, or forex pairs.
The screener sends summarized numeric data as an alert to external programs that specialize in automated trading. This proprietary technology developed by the algorithmic trading firm known as FlashTrade.AI is now integrated with the rules-based trading platform TradeLab.AI.
The lagging indicators tracked by the screener are as follows:
1. The 8 Period Exponential Moving Average (8EMA): It determines whether it is over or under the 21 Period Exponential Moving Average (21EMA).
2. Two Closes of the 8 Period Exponential Average (8EMA): This confirms a trend as either bullish or bearish when it occurs over or under the 21 Period Exponential Moving Average (21EMA).
3. Ichimoku Cloud: This indicator identifies whether the price is above or below the cloud, indicating bullish or bearish trends.
4. Ichimoku Cloud: Conversion Line Above Base or Conversion Line Below Base: This measures the trend strength based on the distance between the conversion line and the base line.
5. Ichimoku Cloud: Lag Line Above Price or Lag Line Below Price: This tracks the lag line's position relative to the current price to confirm trend direction.
6. Ichimoku Cloud: Leading Cloud Green or Leading Cloud Red: This identifies the trend based on the color of the leading cloud.
7. MACD: This oscillator tracks the difference between two exponential moving averages and helps identify bullish or bearish momentum in the market.
The screener also tracks three leading indicators that primarily measure trading volume and momentum. These leading indicators are:
1. The Relative Strength Index (RSI): This oscillator measures the speed and change of price movements to identify overbought or oversold conditions in the market.
2. The Stochastic: This oscillator measures the momentum of price movements and helps identify potential trend reversals in the market.
3. The relative Vigor Index (RVGI): This indicator measures the strength of price movements by comparing the closing price to the trading range and helps identify trend reversals.
Overall, the FlashTrade 20 Asset Screener is a powerful tool for traders looking to automate their trading strategies. By monitoring multiple indicators for multiple assets simultaneously, it can identify trends and capitalize on opportunities when they present themselves.
Dynamic Volume Oscillator [CryptoScripts]The Dynamic Volume Oscillator uses a combination of volume and momentum to nail whenever a reversal is likely to happen. I've also included divergences (both regular and hidden) that you can toggle on/off and adjust the settings to fit your trading style.
Colors - The green wave indicates an uptrend while the purple wave indicates a downtrend.
Overbought/Oversold - Green backgrounds indicate the DVO is oversold and a reversal to the upside is likely to happen within the next few candles. Red backgrounds indicate the DVO is overbought and a reversal to the downside is likely to happen within the next few candles. You can adjust the levels to trigger when the signal flashes. Experiment with different timeframes/altcoins to see which settings work best. Some coins are more volatile than others and lower timeframes tend to reach higher levels vs higher timeframes.
Divergences - The settings of 1 and 3 for the lookbacks are so the divergence signal appears only 1 candle before the actual divergence happens (on the replay tool) vs 4-5 candles from other indicators. This means your entry on a divergence signal is 2 candles after it prints (for backtesting purposes).
Alerts - I also added alerts for Overbought, Oversold, Regular and Hidden Bearish/Bullish Divergences.
Let me know if you have any questions! Enjoy :)
mex_fundingScript for calculating Bitmex funding based on the Premium tickers Bitmex submits to Tradingview
Make sure you add the correct Bitmex Interest Base and Quote Symbols in the input settings
For example for www.bitmex.com the inputs are:
Chart ticker: XBTUSDPI8H
Input Settings
Interest Base: XBTBON8H
Interest Quote: USDBON8H
Crypto Tipster v2 - Trend Oscillator---------------------
Crypto Tipster v2 - Trend Oscillator
Following on from the release of Crypto Tipster v2 toward the end of 2022, we've been working on a way to visually represent how our indicator works, so our members can utilize more tools and therefore make better informed trading decisions by setting up Crypto Tipster v2 more accurately to suit their individual trading needs.
Trend Oscillator is designed to work alongside Crypto Tipster v2 by providing an oscillating line graph between 0-100. This plot indicates the overall trend strength when all our Crypto Tipster algorithms combine and will help you understand the inherent movement behind the scenes within Crypto Tipster v2.
We have included options that have been previously unavailable within Crypto Tipster v2 - including:
- A variable threshold of trend strength before placing orders
- The ability to place orders when trend strength crosses the mid point of the oscillator (50)
- Placing orders when the trend oscillator detects a change in direction
As well as these options as listed above we've included a function to overlay a Moving Average onto the trend oscillator to help smooth out any potential whipsaw's and false moves. This is particularly helpful when combined with "placing orders on direction change" as listed. Numerous moving average options have been included which include (but are not limited to) SMA, EMA, WMA, VWMA, DEMA, TEMA, SMMA, Hull, ZEMA.. the list goes on!
We've been wanting to include several features like these and more within Crypto Tipster v2 for some time now, but have found it difficult to include these features without causing a certain amount of confusion over what they are, what they do, how they work and therefore what their benefits actually are - a few words and an input box just don't portray the message we need to get across when used solely within Crypto Tipster!
With "Trend Oscillator" we can now release all of these updates without concern of being mis-understood. The visual representation that this oscillator offers helpfully describes what we couldn't describe within Crypto Tipster v2 before.
This script is free to use for all, you don't even need to be a member of Crypto Tipster - however, those of you who are signed up with theCrypster will definately receive the biggest benefit from this script. Alerts are not available with our Trend Oscillator, as are "Buy", "Sell" or "Close" labels on the main chart.
We've got many more updates and add-ons planned for the coming weeks and months, stay tuned!
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We've tried to make Trend Oscillator as comprehensive and easy to understand as possible, we are however always in search of progression; we do really love to hear your feedback :)
For more information or for a 7-day free trial of Crypto Tipster v2 please visit the link in our signature!
Happy Trading Guys
Stablecoin supplies [USD bn]This script shows crypto market inflows/outflows by showing the USD stablecoin supplies, using data from glassnode.com :
GLASSNODE:BUSD_SUPPLY
GLASSNODE:USDT_SUPPLY
GLASSNODE:USDC_SUPPLY
Using a simple 20 EMA, the line will change color showing stablecoin inflow or outflow. Traders can consider stable coin inflows (green) as bullish for Bitcoin price, while stable coin outflows (red) should be considered bearish for price.
Live Portfolio ScreenerThe live portfolio screener indicator is a tool that help users to track the performance of their investments in real-time. The indicator provides a detailed breakdown of the user's portfolio, including the current profit and loss (P&L) for each stock that is invested in. This allows users to quickly and easily see how their portfolio is performing and make informed decisions about their investments on charts. Overall, this tool is an essential tool for anyone looking to stay on top of their investments and make data-driven decisions.
This indicator can load any symbol globally usable.
How to use this indicator ?
in this indicator firstly
you have add script name. (For example if you want to add symbol you have add in 's01 ' means the first symbol)
after that
you have to add price for each (For example if you want to add buy price for the first symbol then add the buy price in ' Bp01 ')
then the quantity comes in picture which is below price list and named here as Bq01 which means 'Buy quantity for first symbol'
Emibap's Uniswap V3 HEX/USDC 3% Liquidity PoolThis script will display a histogram of the Uniswap V3 HEX / USDC 3% liquidity pool.
Similar to what you can see in the liquidity section of the Uniswap pool page but conveniently rendered alongside your chart.
It's meant to be used on any HEX / USDC chart only.
One of the main motivations for using this in your HEX / USDC chart is to get an idea of the current sentiment: If most of the volume is below the price it might be an indication of an upcoming move up, for instance.
I'll try to update the liquidity regularly; if possible several times a day.
Using the 4h, daily, or weekly time frames is highly recommended.
The options are straightforward:
Histogram bars color. Default is blue
Histogram background color. Default is black at 20% opacity
Upper price limit of the diagram: Visible upper bound price limit for the histogram, based on the current price. I.E: 200%: If the price is 1, the histogram will show 3 as the upper bound
Lower price limit of the diagram. Visible lower bound price limit for the histogram, based on the current price. I.E: 99%: If the price is 1, the histogram will show 0. 01 as the upper bound
Width of the widest bar: Width (in bars) for the widest bar of the histogram. The more the higher resolution you'll get
DXY Overlay CompareOverlays the DXY chart over the top of any other chart. When the dollar strength increases, asset prices can drop and vice versa. Was created personally to compare with the price of Bitcoin.
Cosmic Channel LiteCosmic Channel Lite ( CC Lite) draws dynamic non-repainting trendlines and helps
⭐ know when a breakout is about to begin
⭐ predict the position and timing of the next swing reversal
⭐ predict sudden changes in volatility
⭐ recognize whether the price is in bearish or bullish territory
👀 HOW IT WORKS
Cosmic Channel Lite draws a dynamic channel consisting of a support line, basis line and resistance line. These are calculated by applying the Reduced Median Method to groups of moving averages of different type over several periods each, effectively taking 20 data points and reducing them to 3. In between, 6 internal levels are left to give context inside the channel with stable levels, the extremes of which help highlight the SR lines (see chart). The basis line color is determined by its smoothed angle with positive angles in green and negative in purple. The aim of this indicator is to provide a consistent and generic price context that works out-of-the-box and accordingly the settings have been stripped to the bare minimum with no need to continually adjust them.
📗 HOW TO USE IT
The Cosmic Channel Lite plots are meant to be used as a guide for entering and exiting positions and setting stop-loss and take profit levels. The indicator is deemed effective for any particular timeframe as long as the price stays within the maximum bounds of the indicator's plots. For this reason it is recommended to use Cosmic Channel Lite in a multi-chart layout where each chart has a different timeframe. The 5 primary strategies are:
long when the price reverses off of the support line and short when the price reverses off of the resistance line
long when the support line is highlighted and short when the resistance line is highlighted
long when the price breaks above the resistance line and short when the price breaks below the support line
long when the price moves above the basis line after being below it for a prolonged period and visa-versa (short when the price moves below the basis line)
long/short in the direction the price takes after a stable level ends
🔔 SMART ALERTS
Get notified at the most critical times by settings just one alert. Simply select CC Lite and Any alert() function call as the conditions when creating an alert and you will be tipped-off on bar-close as follows:
R─ (resistance line is highlighted)
S─ (support line is highlighted)
For example, an alert such as CC Lite 6h R─ would mean that during the last 6-hour bar the resistance line has been highlighted. The highlight lasts at least 15 bars from the first highlight bar regardless of price action.
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.
Most Power V5 Most Power V5
The MOST indicator is an indicator used as a Moving Stoploss. The MOST indicator also generates a buy signal in case the prices rise, unlike the traditional indicators that allow you to make stop losses.In the MOST POWER V5 indicator, stoploss generates its signals using moving averages such as 'SMA', 'EMA', 'WMA', 'VWMA', 'HMA', 'SMMA', 'DEMA' rather than just the current price. In this way, it aims to prevent false signals that may be produced by excessive price movements during the day.
MOST POWER Indicator follows the average by preserving the stop loss distance in the movement of the moving average in the same direction.
The second variable that creates the MOST POWER curve is the stop loss distance that gives power to MOST with the moving average used and the shift rate that provides the stop signal. In this version, this distance is prepared with 2 separate inputs for both buy and sell.You can set these values as "percentage for long trend" and "percentage for short trend" in the indicator input properties.
You can also enter your Take Profit-1, Take Profit-2-, Take Profit-3- and Stop Loss levels in the indicator input properties, especially if you are interested in algo trading or to take advantage of the wonderful alarm setup features of tradingview and get the chance to get maximum profit. (If you enter Take Profit-1, Take Profit-2-, Take Profit-3- and Stop Loss levels as 0. Only buy and sell labels will appear on the indicator.)
Also, activate the amplitude filter option from the indicator input settings to get less signal and filter our inputs.
In addition, the entry price, take profit1, take profit2, take profit3 values for the last transaction opened to make things easier are located in the upper right corner of your graph as a table.
Important note: No indicator guarantees investment. That's why the tests you will do before real trades are very important in this indicator. I wish you all successful trades.
i will show how works with examples
Example 1
If you enter Take Profit-1, Take Profit-2-, Take Profit-3- and Stop Loss levels greater than 0
Example 2
If you enter Take Profit-1, Take Profit-2-, Take Profit-3- and Stop Loss levels as 0 (u will see only buy - sell labels)
Example 3
if select Amplitude Filter is on . you will see less signal
how works Amplitude Filter whats logic ?
if Amplitude Filter is active the signal from mostpower will be combined with Amplitude Filter.
for example, if the amplitude value is 2, the highest price and the lowest price of the last 2 bars are calculated. then this amplitude value is calculated for sma with its source high and low. Based on these values, the trend is determined in the amplitude of the price movement.
Important note: No indicator guarantees investment. That's why the tests you will do before real trades are very important in this indicator. I wish you all successful trades.
Investing ZonesInvesting Zones indicator shows the areas where LONGS or SHORTS can be made, the areas are calculated based on the mathematical averages of the high and low peaks of the price.
-There is an area called "No trading Zone" where the price is too slow, It also has a Alma Trend Ribbon (blue for uptrend, pink for downtrend) that helps to make trading decisions.
-You can make shorts when the price enters the Yellow zone called the "Sell Zone" and the price is below the Alma trend, set the TP1 in the white dotted line, and TP2 in the white lower line
-You can make longs when the price enters the Green zone called the "Buy Zone" and the price is above the Alma trend, set the TP1 in the yellow dotted line, and TP2 in the yellow upper line
-It works in all timeframes, personally I use it in 1min, 5min and 1hr.
Open Interest Profile (OI)- By LeviathanThis script implements the concept of Open Interest Profile, which can help you analyze the activity of traders and identify the price levels where they are opening/closing their positions. This data can serve as a confluence for finding the areas of support and resistance , targets and placing stop losses. OI profiles can be viewed in the ranges of days, weeks, months, Tokyo sessions, London sessions and New York sessions.
A short introduction to Open Interest
Open Interest is a metric that measures the total amount of open derivatives contracts in a specific market at a given time. A valid contract is formed by both a buyer who opens a long position and a seller who opens a short position. This means that OI represents the total value of all open longs and all open shorts, divided by two. For example, if Open Interest is showing a value of $1B, it means that there is $1B worth of long and $1B worth of short contracts currently open/unsettled in a given market.
OI increasing = new long and short contracts are entering the market
OI decreasing = long and short contracts are exiting the market
OI unchanged = the net amount of positions remains the same (no new entries/exits or just a transfer of contracts occurring)
About this indicator
*This script is basically a modified version of my previous "Market Sessions and Volume Profile by @LeviathanCapital" indicator but this time, profiles are generated from Tradingview Open Interest data instead of volume (+ some other changes).
The usual representation of OI shows Open Interest value and its change based on time (for a particular day, time frame or each given candle). This indicator takes the data and plots it in a way where you can see the OI activity (change in OI) based on price levels. To put it simply, instead of observing WHEN (time) positions are entering/exiting the market, you can now see WHERE (price) positions are entering/exiting the market. This is the same concept as when it comes to Volume and Volume profile and therefore, similar strategies and ways of understanding the given data can be applied here. You can even combine the two to gain an edge (eg. high OI increase + Volume Profile showing dominant market selling = possible aggressive shorts taking place)
Green nodes = OI increase
Red nodes = OI decrease
A cluster of large green nodes can be used for support and resistance levels (*trapped traders theory) or targets (lots of liquidations and stop losses above/below), OI Profile gaps can present an objective for the price to fill them (liquidity gaps, imbalances, inefficiencies, etc), and more.
Indicator settings
1. Session/Lookback - Choose the range from where the OI Profile will be generated
2. OI Profile Mode - Mode 1 (shows only OI increase), Mode 2 (shows both OI increase and decrease), Mode 3 (shows OI decrease on left side and OI increase on the right side).
3. Show OI Value Area - Shows the area where most OI activity took place (useful as a range or S/R level )
4. Show Session Box - Shows the box around chosen sessions/lookback
5. Show Profile - Show/hide OI Profile
6. Show Current Session - Show/hide the ongoing session
7. Show Session Labels - Show/hide the text labels for each session
8. Resolution - The higher the value, the more refined a profile is, but fewer profiles are shown on the chart
9. OI Value Area % - Choose the percentage of VA (same as in Volume Profile's VA)
10. Smooth OI Data - Useful for assets that have very large spikes in OI over large bars, helps create better profiles
11. OI Increase - Pick the color of OI increase nodes in the profile
12. OI Decrease - Pick the color of OI decrease nodes in the profile
13. Value Area Box - Pick the color of the Value Area Box
14. Session Box Thickness - Pick the thickness of the lines surrounding the chosen sessions
Advice
The indicator calculates the profile based on candles - the more candles you can show, the better profile will be formed. This means that it's best to view most sessions on timeframes like 15min or lower. The only exception is the Monthly profile, where timeframes above 15min should be used. Just take a few minutes and switch between timeframes and sessions and you will figure out the optimal settings.
This is the first version of Open Interest Profile script so please understand that it will be improved in future updates.
Thank you for your support.
** Some profile generation elements are inspired by @LonesomeTheBlue's volume profile script
Day Trading Booster by DGTTiming when day trading can be everything
In Stock markets typically more volatility (or price activity) occurs at market opening and closings
When it comes to Forex (foreign exchange market), the world’s most traded market, unlike other financial markets, there is no centralized marketplace, currencies trade over the counter in whatever market is open at that time, where time becomes of more importance and key to get better trading opportunities. There are four major forex trading sessions, which are Sydney , Tokyo , London and New York sessions
Forex market is traded 24 hours a day, 5 days a week across by banks, institutions and individual traders worldwide, but that doesn’t mean it’s always active the entire day. It may be very difficult time trying to make money when the market doesn’t move at all. The busiest times with highest trading volume occurs during the overlap of the London and New York trading sessions, because U.S. dollar (USD) and the Euro (EUR) are the two most popular currencies traded. Typically most of the trading activity for a specific currency pair will occur when the trading sessions of the individual currencies overlap. For example, Australian Dollar (AUD) and Japanese Yen (JPY) will experience a higher trading volume when both Sydney and Tokyo sessions are open
There is one influence that impacts Forex matkets and should not be forgotten : the release of the significant news and reports. When a major announcement is made regarding economic data, currency can lose or gain value within a matter of seconds
Cryptocurrency markets on the other hand remain open 24/7, even during public holidays
Until 2021, the Asian impact was so significant in Cryptocurrency markets but recent reasearch reports shows that those patterns have changed and the correlation with the U.S. trading hours is becoming a clear evolving trend.
Unlike any other market Crypto doesn’t rest on weekends, there’s a drop-off in participation and yet algorithmic trading bots and market makers (or liquidity providers) can create a high volume of activity. Never trust the weekend’ is a good thing to remind yourself
One more factor that needs to be taken into accout is Blockchain transaction fees, which are responsive to network congestion and can change dramatically from one hour to the next
In general, Cryptocurrency markets are highly volatile, which means that the price of a coin can change dramatically over a short time period in either direction
The Bottom Line
The more traders trading, the higher the trading volume, and the more active the market. The more active the market, the higher the liquidity (availability of counterparties at any given time to exit or enter a trade), hence the tighter the spreads (the difference between ask and bid price) and the less slippage (the difference between the expected fill price and the actual fill price) - in a nutshell, yield to many good trading opportunities and better order execution (a process of filling the requested buy or sell order)
The best time to trade is when the market is the most active and therefore has the largest trading volume, trading all day long will not only deplete a trader's reserves quickly, but it can burn out even the most persistent trader. Knowing when the markets are more active will give traders peace of mind, that opportunities are not slipping away when they take their eyes off the markets or need to get a few hours of sleep
What does the Day Trading Booster do?
Day Trading Booster is designed ;
- to assist in determining market peak times, the times where better trading opportunities may arise
- to assist in determining the probable trading opportunities
- to help traders create their own strategies. An example strategy of when to trade or not is presented below
For Forex markets specifically includes
- Opening channel of Asian session, Europien session or both
- Opening price, opening range (5m or 15m) and day (session) range of the major trading center sessions, including Frankfurt
- A tabular view of the major forex markets oppening/closing hours, with a countdown timer
- A graphical presentation of typically traded volume and various forext markets oppening/clossing events (not only the major markets but many other around the world)
For All type of markets Day Trading Booster plots
- Day (Session) Open, 5m, 15m or 1h Opening Range
- Day (Session) Referance Levels, based on Average True Range (ATR) or Previous Day (Session) Range (PH - PL)
- Week and Month Open
Day Trading Booster also includes some of the day trader's preffered indicaotrs, such as ;
- VWAP - A custom interpretaion of VWAP is presented here with Auto, Interactive and Manual anchoring options.
- Pivot High/Low detection - Another custom interpretation of Pivot Points High Low indicator.
- A Moving Average with option to choose among SMA, EMA, WMA and HMA
An example strategy - Channel Bearkout Strategy
When day trading a trader usually monitors/analyzes lower timeframe charts and from time to time may loose insight of what really happens on the market from higher time porspective. Do not to forget to look at the larger time frame (than the one chosen to trade with) which gives the bigger picture of market price movements and thus helps to clearly define the trend
Disclaimer : Trading success is all about following your trading strategy and the indicators should fit within your trading strategy, and not to be traded upon solely
The script is for informational and educational purposes only. Use of the script does not constitutes professional and/or financial advice. You alone the sole responsibility of evaluating the script output and risks associated with the use of the script. In exchange for using the script, you agree not to hold dgtrd TradingView user liable for any possible claim for damages arising from any decision you make based on use of the script
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 :)
Price Average ZonesThis indicator shows the areas where LONGS or SHORTS can be made, the areas are calculated based on the mathematical averages of the high and low peaks of the price.
It also has a line that shows the average of the price movement. you can make shorts when the price enters the orange zone called the "Short Zone".
You can make longs when the price enters the orange zone called the sell zone.
It works in all timeframes, personally I use it in 1 min and in 1 hour.
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)
Helicopter!Review
This indicator automatically calculates the best trade entry based on volume and real-time volatility. After the algorithm analyzes the current characteristics of the market, an entry signal is placed on the chart. As a result, the trader can be sure that the signal is based on data analysis. One of the key elements is reverse transactions. A long or short position can be stopped either at a profit or at a small loss without compromising the potential profit.
!Risks
The market is unstable, and it is impossible to know what the future holds for it. The only way to manage risk. You can limit the loss by setting a stop loss of 1% from the entry point. Take profit is recommended to set with a ratio of 1:1, 1:2,1:3, with partial fixation of 40%, 30%, 30%!
!Trading recommendations
Trades are opened when a green arrow appears, selling when a yellow arrow appears. Be sure to wait for the candle to close and the signal to appear (the signal may flash when the candle is formed). Recommended timeframes: 1min, 3min, 15min. The indicator is designed for scalp trades and intradays!
!Technical part
The indicator is based on the EMA 20 and EMA 200 moving averages. It is also based on the open and close of past days, weeks, months.
RSI are used.
RSI is a classic oscillator built on the basis of calculating the relative rate of change in asset prices over a given period.
Additional tools: volume and volatility.
NO REPAINT!
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Denial of responsibility
The information contained in my Scripts/Indicators/Ideas/Algorithms/Systems does not constitute financial advice or an offer to buy or sell any securities of any kind. I do not accept liability for any loss or damage, including but not limited to any loss of profits that may arise directly or indirectly from the use of or reliance on such information.
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.
Crypto Market Breadth [QuantVue]15 top crypto tickers of your choosing. Just input your 15 favorite crypto markets in the settings.
Showing breadth of market as a percentage change to gauge buyers/sellers strength.
You can check this on the last day of the week and compare each daily bar to see if buyers are increasing/decreasing or sellers increasing/decreasing bars.
A reading above +2 is bullish , below -2 is bearish momentum, between +2 and -2 neutral.
Works best on daily charts .
Hope you enjoy!
*this will also work with stock tickers!
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)
