Grok's xAI Signal (GXS) Indicator for BTC V6

26 ott

Grok's xAI Signal (GXS) Indicator: A Simple Guide
Imagine trying to decide if Bitcoin is a "buy," "sell," or "wait" without staring at 10 different charts. The GXS Indicator does that for you—it's like a smart dashboard for BTC traders, overlaying signals right on your price chart. It boils down complex market clues into one easy score (from -1 "super bearish" to +1 "super bullish") and flashes green/red arrows or shaded zones when action's needed. No fancy math overload; just clear visuals like tiny triangles for trades, colored clouds for trends, and a bottom "mood bar" (green=up vibe, red=down, gray=meh).
At its core, GXS mixes three big-picture checks:

Price Momentum (50% weight): Quick scans of RSI (overbought/oversold vibes), MACD (speed of ups/downs), EMAs (is price riding the trend wave?), and Bollinger Bands (is the market squeezing for a breakout?). This catches short-term "hot or not" energy.
Network Health (30% weight): A simple "NVT" hack using trading volume vs. price to spot if BTC feels undervalued (buy hint) or overhyped (sell warning). It's like checking if the crowd's too excited or chill.
Trend Strength (20% weight): ADX filter ensures signals only fire in "trending" markets (not choppy sideways noise), plus a MACD boost for extra momentum nudge.

Why this approach? BTC's wild—pure price charts give false alarms in flat times, while ignoring volume/network ignores the "why" behind moves. GXS blends old-school TA (reliable for patterns) with on-chain smarts (crypto-specific "under the hood" data) and a trend gate (skips 70% of bad trades). It's conservative: Signals need the score to cross ±0.08 and a strong trend, reducing noise for swing/position traders. Result? Fewer emotional guesses, more "wait for confirmation" patience—perfect for volatile assets like BTC where hype kills.
Quick Tips to Tweak for Better Results
Start with defaults, then experiment on historical charts (backtest via TradingView's strategy tester if pairing with one):

Fewer False Signals: Bump thresholds to ±0.15 (buy/sell)—trades only on stronger conviction, cutting whipsaws by 20-30% in choppy markets. Or raise ADX thresh to 28 for "only big trends."
Faster/Slower Response: Shorten EMAs (e.g., 5/21) or RSI (10) for quicker scalps; lengthen (12/50) for swing holds. Test on 4H/daily BTC.
Volume Sensitivity: If NVT flips too often, extend its length to 20—smooths on-chain noise in bull runs.
Visual Polish: Crank cloud opacity to 80% for subtler fills; toggle off EMAs if they clutter. Enable table for score breakdowns during live trades.
Risk Tip: Always pair with stops (e.g., 2-3% below signals). On BTC, tweak in bull markets (looser thresh) vs. bears (tighter).

In short, GXS is your BTC "sixth sense"—balanced, not black-box. Tweak small, track win rate, and let trends lead. Happy trading!

26 ott

Note di rilascio

Added a setting for background regime (bullish or bearish) color shading. Now you can change the background green and red to make brighter or less bright.

28 ott

Note di rilascio

The original Pine Script for the GXS Indicator was enhanced with several improvements for better reliability, readability, customization, and performance: bug fixes like proper table clearing and robust NA handling with nz(); organized inputs into grouped sections using the 'group' parameter; added configurable score weights, neutral background shading (defaulting to yellow), and optional GXS score smoothing; refined the regime filter with ADX smoothing; optimized EMA calculations to avoid redundancy; defaulted RSI length to 12 from 14; and adjusted default background shading opacity to 90 from 95 for slightly stronger visibility in neutral, buy, and sell regimes, all while maintaining compatibility with version 6 syntax.

29 ott

Note di rilascio

Fixed table (upper right corner) for visual improvement.

30 ott

Note di rilascio

This simplified Grok GXS indicator is a user-friendly trading tool for Bitcoin on platforms like TradingView. It blends technical analysis (TA) with key fundamental metrics to create a "GXS score" that spots buy/sell chances—like a smart traffic light for trades: green for go (buy), red for stop (sell), yellow/gray for wait.
How It Works: It blends real-time price/action data (TA) with blockchain "health" checks (fundamentals) into a weighted score. High positive score + strong trend = buy signal; low negative = sell. This balances quick TA moves with long-term value insights to avoid bad calls in choppy or overvalued markets.
Technical Side (TA - Momentum & Trends):

RSI: Spots if BTC is too hot (overbought, sell) or too cheap (oversold, buy).
MACD: Watches speed—line crosses show building buy/sell pressure.
EMAs: Fast/short-term vs. slow/long-term averages; fast above slow signals uptrend, below is bearish.
Bollinger Bands: Measures squeezes—tight bands warn of big swings.
ADX: Filters for real trends (ignores flat markets).
OBV: Volume flow—rising confirms buys, falling warns of sells.

Fundamental Side (Macro Value Checks):

Puell Multiple: Miner profits; high (>3) means overvalued (bearish score), low (<0.5) undervalued (bullish).
MVRV Z-Score: Market price vs. holder cost; high (>6) overvalued, low (<1) undervalued.
Pi Cycle Top: Special averages; short-term above long-term flags potential peaks (bearish).

It crunches these into the GXS score (weighted, e.g., TA 50%, fundamentals 10% each), optionally smoothing for less noise. Score >0.08 + trend = buy; < -0.08 = sell. Neutral zones stay cautious.
Ideal for short-term trades (5m-1h)—fundamentals add "value check" to TA. Tune weights for style. Under 200 lines—simple yet powerful!
Tips for Usage:

For scalping (5m-15m): Shorten EMAs (e.g., 5/13) and lower ADX thresh (20) for quicker signals.
For swings (1h-4h): Defaults work well; enable smoothing to cut noise.
Backtest on BTCUSDT: Adjust score thresholds (±0.1) if too many/few signals.
Monitor regime: Only trade in "Trending" (blue table)—skip "Ranging" (orange) to avoid whipsaws.
Combine with news: Fundamentals like Puell shine in bull/bear markets; ignore in sideways.
Risk: Use stop-losses; score isn't foolproof—always confirm with volume/price action.

2 nov

Note di rilascio

Added blue candles when buy or sell alerts are triggered.

3 nov

Note di rilascio

The original Grok's xAI Signal (GXS) script was a TradingView indicator for Bitcoin that combined various technical signals (like RSI, MACD, EMAs, and Bollinger Bands) into a score to generate buy/sell alerts. We updated it by swapping out the simple moving averages (EMAs) and basic buy/sell rules with more advanced "SuperBand" features from the other script. Here's a simple breakdown of the main changes:
1. Replaced Simple EMAs with Dynamic SuperBands

Old way: It used two basic EMAs (fast at length 8, slow at 21) to spot trends, like if the price was above both for a bull signal. There were also optional "local" EMAs for clouds.
New way: We ditched the plain EMAs and added "SuperBands." These are smarter bands built around a smoothed midpoint (using Heikin Ashi candles to reduce noise). The middle line (basis) can be an SMA or EMA (you choose). The upper and lower bands adjust dynamically based on volatility (ATR), money flow (Chaikin oscillator), and trend strength (ADX). This makes the bands more adaptive to market conditions instead of fixed EMAs.
Why? SuperBands better capture breakouts and squeezes, improving accuracy for BTC trading.

2. Updated Buy and Sell Signals

Old way: Signals triggered when a smoothed overall score crossed certain thresholds (like +0.08 for buy, -0.08 for sell), only in "trending" markets (based on ADX).
New way: Now signals happen on "wick breaks"—when the candle's low dips below the lower band (buy) or high pokes above the upper band (sell). We added filters like:

ADX must be above a threshold (default 25) for strong trends (toggleable).
RSI must be oversold (<30) for buys or overbought (>70) for sells (toggleable).
A cooldown period (default 6 bars) to avoid too many signals in a row.


Why? This focuses on volatility breakouts with extra checks to reduce false alerts, making it more reliable.

3. New Inputs and Settings

Added a bunch of options from SuperBand, like ATR smoothing, Chaikin periods, weights for how much Chaikin/ADX influence the bands, and a normalization lookback.
Renamed some: Bollinger Band length is now "Midpoint Length," and the display toggle "Show EMA Lines" now shows the bands instead.
Kept core stuff like RSI, MACD, and fundamental metrics (Puell, MVRV, Pi Cycle), but integrated SuperBand into the tech score.

4. Score and Regime Adjustments

The overall GXS score still combines technical, OBV, and fundamental parts, but the "EMA score" is now a "band score" (positive if price below lower band, negative if above upper).
Regime detection (trending vs. ranging) uses smoothed ADX, and we added a background color based on trend direction (green bull, red bear, yellow neutral) using DI+/- and OBV.

5. Visual and Display Tweaks

Clouds now fill between the upper/lower bands (instead of EMAs).
Background coloring is toggleable and more detailed with OBV help.
Signals still show as arrows/labels, with blue candle highlights on triggers.
Added an ADX-based dot at the bottom (from the other script), but it's tied into the score bar.

Overall, the script is now called the same but acts more like a hybrid: It keeps the scoring system for context but uses SuperBand's bands and breakout logic for sharper, filtered signals. This should make it better for spotting BTC trends without as much whipsaw (false moves). If you test it on TradingView, start with defaults and tweak the weights/filters!

3 nov

Note di rilascio

Set Show price label to on by default

3 nov

Note di rilascio

Cleaned up settings window

3 nov

Note di rilascio

Added settings box for decimal places for trading low priced coins that are under $1 like DOGE for example

3 nov

Note di rilascio

What Was There Before (Original GXS Bar):

It was a row of small square dots along the bottom.
The colors showed the overall "GXS score" (a number calculated from things like RSI, MACD, bands, and market fundamentals):

Green: Bullish (score strongly positive, like above +0.1).
Yellow: Neutral (score in the middle, not too hot or cold).
Red: Bearish (score strongly negative, like below -0.1).


It was like a sentiment meter for the whole indicator's vibe—green for "go buy," red for "watch out, sell," yellow for "meh, wait."

What I Swapped It With (From SuperBand):

Now it's a row of small circle dots instead.
The colors are based purely on the ADX value (a measure of trend strength, from the Directional Movement Index):

White: Weak trend (ADX below 15) – market is choppy or flat, no strong moves.
Orange: Moderate trend (ADX 15-25) – some momentum building, but not super intense.
Blue: Strong trend (ADX above 25) – clear direction, either up or down, good for trading breakouts.


It's simpler and focuses on "how trendy is the market?" rather than a full score. No more tying directly to your GXS calculations—it's now just visualizing ADX strength, like a speedometer for market momentum.

6 nov

Note di rilascio

fixed cosmetic bug

6 nov

Note di rilascio

Added volatility % to the table

6 nov

Note di rilascio

Modified Volatility metric for simplicity

6 nov

Note di rilascio

cosmetic upgrades to the info table