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Crowding model ║ BullVision

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🔬 Overview

The Crypto Crowding Model Pro is a sophisticated analytical tool designed to visualize and quantify market conditions across multiple cryptocurrencies. By leveraging Relative Strength Index (RSI) and Z-score calculations, this indicator provides traders with an intuitive and detailed snapshot of current crypto market dynamics, highlighting areas of extreme momentum, crowded trades, and potential reversal points.

⚙️ Key Concepts

📊 RSI and Z-Score Analysis

RSI (Relative Strength Index) evaluates the momentum and strength of each cryptocurrency, identifying overbought or oversold conditions.

Z-Score Normalization measures each asset's current price deviation relative to its historical average, identifying statistically significant extremes.

🎯 Crowding Analytics

An integrated analytics panel provides real-time crowding metrics, quantifying market sentiment into four distinct categories:

🔥 FOMO (Fear of Missing Out): High momentum, potential exhaustion.

❄️ Fear: Low momentum, potential reversal or consolidation.

📈 Recovery: Moderate upward momentum after a downward trend.

💪 Strength: Stable bullish conditions with sustained momentum.

🖥️ Visual Scatter Plot

Assets are plotted on a dynamic scatter plot, positioning each cryptocurrency according to its RSI and Z-score.

Color coding, symbol shapes, and sizes help quickly identify main market segments (BTC, ETH, TOTAL, OTHERS) and individual asset conditions.

🧩 Quadrant Classification

Assets are categorized into four quadrants based on their momentum and deviation:

Overbought Extended: High RSI and positive Z-score.
Recovery Phase: Low RSI but positive Z-score.
Oversold Compressed: Low RSI and negative Z-score.
Strong Consolidation: High RSI but negative Z-score.

🔧 User Customization

🎨 Visual Settings

Bar Scale: Adjust the scatter plot visual scale.
Asset Visibility: Optionally display key market benchmarks (TOTAL, BTC, ETH, OTHERS).
Gradient Background: Enhances visual interpretation of asset clusters.
Crowding Analytics Panel: Toggle the analytics panel on/off.

📊 Indicator Parameters

RSI Length: Defines the calculation period for RSI.
Z-score Lookback: Historical lookback period for normalization.
Crowding Alert Threshold: Sets alert sensitivity for crowded market conditions.

🎯 Zone Settings

Quadrant Labels: Displays descriptive labels for each quadrant.
Danger Zones: Highlights extreme RSI levels indicative of heightened market risk.

📈 Visual Output

Dynamic Scatter Plot: Visualizes asset positioning clearly and intuitively.
Gradient and Grid: Professional gridlines and subtle gradient backgrounds assist visual assessment.
Danger Zone Highlights: Visually indicates RSI extremes to warn of potential market turning points.
Crowding Analytics Panel: Real-time summary of market sentiment and asset distribution.

🔍 Use Cases

This indicator is particularly beneficial for traders and analysts looking to:

Identify crowded trades and potential reversal points.
Quickly assess overall market sentiment and individual asset strength.
Integrate a robust momentum analysis into broader technical or fundamental strategies.
Enhance market timing and improve risk management decisions.

⚠️ Important Notes

This indicator does not provide explicit buy or sell signals.
It is intended solely for informational, analytical, and educational purposes.
Past performance and signals are not indicative of future market results.
Always combine with additional tools and analysis as part of comprehensive decision-making.
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removed useless comments in code
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forgot to add alerts :)
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Declinazione di responsabilità

Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.