capriole_charles

Hash Ribbons

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.
Oct 30
Note di rilascio: Updated shape titles.
Oct 30
Note di rilascio: Cleaned up chart/code. No technical changes.
Nov 12
Note di rilascio: More chart formatting for clarity on "light" TradingView theme.

No technical changes.
Nov 16
Note di rilascio: 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!
Nov 18
Note di rilascio: 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"

Nov 19
Note di rilascio: Added "Capitulation" and "Recovery" text to plot
Nov 19
Note di rilascio:
  • Added chart "alerts" for easier notification
  • Added chart shape "titles"
  • Minor chart formatting tweaks
  • No calculation changes
Nov 23
Note di rilascio:
  • 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.
Nov 28
Note di rilascio: Small fix for intra-day time frame management.
Nov 29
Note di rilascio: Minor code tweak.
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Awesome job!!! Thanks for share!
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Love the ribbons !!!
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Hi sir cane we use this oscillator for INDIA based index "NIFTY". i tried to change Securit BCHAIN/HRATE to NIFTY/HRATE on row no.24,25,26 and 28,29,30 but script code not working. please help me in this .
+2 Rispondi
@krajesh, Hash Rate is relevant to crypto currencies only.
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Hi :)
When I try to add the script to my chart it comes up with an error message "Line 71: Mismatched input 'and' expecting 'end of line without line continuation'

This is line 69-74

69: buy = false
70: buy := s10>s20
71: and (
72: (barssince(recovered) < barssince(crossunder(s10,s20)) and barssince(recovered) < barssince(capitulation))
73: or crossover(HR_short,HR_long)
74: )

I hope you can help.
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@VGPC, looks like you make have manually copied and pasted the raw code into a new indicator? Doing so removes the formatting (tabs, etc) which you will need to manually fix.

Otherwise you can just search the original indicator and add it to your chart without error.
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Hello, excellent work.
I have been researching the relationship between blockchain data and price for a long time.
I finally found this connection with the help on ANN, to your information,regards :
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@Noldo, good job
+1 Rispondi
Will the signal be repainted?
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@ichimoku176, no I released an update for time frame management. No repainting.
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