🔗Blockchain Fundamentals - Bitcoin Velocity by Cryptorhythms🔗Blockchain Fundamentals - Bitcoin Velocity by Cryptorhythms
Description
The velocity of money is the rate at which money is exchanged in an economy. It is the number of times that money moves from one transaction to another. It also refers to how much a unit of currency is used in a given period of time. Simply put, it's the rate at which people spend currency. The velocity of money is usually measured as a ratio of gross national product (GNP) to a country's total supply of money, in traditional markets.
Here is the formula proposed by twitter user PositiveCrypto, implemented for you here on tradingview.
How does it relate to Bitcoin?
Is bitcoin trending towards savings or payments? This can help you decide. It is similar to Bitcoin Network Momentum, except this takes into account bitcoins increasing supply.
Low velocity implies HODLing and Speculation on future value. People looking at bitcoin as a longer term investment.
Higher velocity indicates currency changing hands faster. Perhaps as an indication of adoption pushing bitcoin towards a payment/transaction usage.
Opinions and Hypothesis
In the midst of the last bear market we saw velocity spike, perhaps as people gave up on investments and starting using it for payments.
As the 2017 bull run sucked in more buyers at higher and higher retail prices, velocity decreased, perhaps as those people did not want to sell at a loss.
As we entered the big dip in Nov 2018 velocity began increasing, as some capitulated and others were drawn into the market by lower prices.
Extras
I added in additional functionality so you can change the moving average from SMA to a few other choices (more MA's to choose from coming soon in future update). I also added a variable to change the length of said MA to your desired value so you may experiment. You can also chose to display as a line or area plot depending on preference.
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Analysis
🔗 Blockchain Fundamentals - NVU Ratio by Cryptorhythms🔗 Blockchain - NVU (Network Value to User) Ratio by Cryptorhythms
Introduction
Please note this is not an indicator that gives you buy and sell signals, its for bitcoin blockchain based fundamental analysis and valuation metrics.
Description
Blockchains have network effects.
The classic example of network effects is Facebook: every person who gets on Facebook makes the network a little more valuable for every other person on Facebook.
As the number of users in a network grows, the more valuable the network becomes. That’s why the most powerful companies in the world today are network companies: Facebook, Apple, Google. The old-school “blue chip” companies don’t have the benefits of network effects. (When a new customer buys your toothpaste, it doesn’t make toothpaste more valuable for everyone else.)
Blockchain assets (like bitcoin) are essentially networks. The more people who use a blockchain asset (like bitcoin), the more valuable that blockchain becomes. One way that analysts value network companies (like Facebook and Twitter) is by looking at Network Value per User. We take their market cap, then divide by their number of Monthly Active Users.
Of the top social media networks, the Value Per User generally ranges from $25 to $250. These values have fluctuated over time, but they give us some guard rails. Of the blockchains we can track, the Network Value per User is typically $1,000 and $5,000 per user. This makes sense, as we would expect blockchain NVU to be higher than social media NVU, since blockchain users are much more valuable—they’re not just mindless ad-consuming machines, like on Facebook.
The caveat is that Value Per User depends on knowing Monthly Active Users, which is not available for all blockchain assets. Blockchains that have this level of transparency will have better valuation metrics, which means they will become more trusted, and thus more highly valued.
[astropark] EMA RibbonsHi Followers,
here a new free indicator: EMA RIbbons!
Please, don't trade without a check on chart! Here you have a lot of tools, today the EMA Ribbons!
On every timeframe, the EMA ribbons act as support or resistance for price action, and works nicely every where, from cryptocurrencies to forex, and on every timeframe!
Please let me know your point of view on comments below.
Enjoy and do Profits!
-- astropark
Do you like my free scripts? Offer me a coffee, a beer, a pizza or whatever :)
BTC jar: 1K5kuYQPEqoNo6GRmJbHWMPmqwKM5S3oRR
ETH jar: 0x091b541a6dd6fe08c4e7bd909baafb2fce9b975e
LTC jar: LSVoAChsZrVsvbNyUfdpxtFpDAUSaUTUig
XRP jar: (XRP deposit tag) 103997763 (XRP deposit address) rEb8TK3gBgk5auZkwc6sHnwrGVJH8DuaLh
PS: Do you need a customization or do you need a dev who implements your strategy? send me a private message ;-)
Moving pivot: WontonProtected.
Price action analysis.
Gray = No signal, do nothing
Blue = Exit Position (may just move from buy to sell and skip this depending on price action)
Green= Buy
Lime (brighter) = Strong Buy
Maroon= Sell
Red (brighter) = Strong Sell
The Price Action Balance line or the Long Term Trend line (yellow) can either be used for stop/reversal placement, triggered on close.
Valero Support/Resistance LinesThis is a pretty simple indicator that automatically draws Support and Resistance lines.
Weekdays HeatmapA utility tool for getting interesting weekdays statistics.
Features
26 sources (standard prices, volumes, ranges)
Readable and optimized code
How to interpret
The darker the color, the stronger the weekday dominance
Supported sources/metrics
open
high
low
close
oo2 , (open + previous open) / 2
oh2 , (open + high) / 2
ol2 , (open + low) / 2
oc2 , (open + close) / 2
hh2 , (high + previous high) / 2
hl2 , median price
hc2 , (high + close) / 2
ll2 , (low + previous low) / 2
lc2 , (low + close) / 2
cc2 , (close + previous close) / 2
hlc3 , typical price
ohlc4
weighted close , (2 * close + high + low) / 4
true range
double true range , by Cynthia Kase
open/close range
high/low range
volume
tick volume
net volume
on balance volume
acc/dist , accumulation/distribution line
price volume trend
trade value , volume * close * pipvalue
How to get access
PM me for more details
SeasonalityA multitool to find seasonal effects and components in your time series. Seasonality is one of most frequently used statistical patterns to improve the accuracy of demand forecasts.
To learn more about seasonality see:
en.wikipedia.org
www.investopedia.com
Features
Ability to see up to 16 period lines
33 metric types
Metrics customization
17 types of the price sources
31 types of the moving averages
Readable and optimized code
How to get access
Buy for 899$ (One-time payment, Source Code Transfer, Sole ownership)
Buy for 349$ (One-time payment, Full-time access, Multi ownership)
Make the symbolic monthly donations to support my open source work (Donate-per-use, Part-time access, Multi ownership)
Free 7-day trial access
Supported Metrics
Price
Average Price
Price Momentum
Price ROC
True Range (by J. Welles Wilder)
Average True Range (by J. Welles Wilder)
Double True Range (by Cynthia Kase)
Average Double True Range
Accumulation/Distribution (by Marc Chaikin)
Volume
Average Volume
Volume Momentum
Volume ROC
Net Volume
On Balance Volume (by Joe Granville)
Trade Value
Tick Volume
Tick Range
Max Tick Movement
Min Tick Movement
Correlation
ADX (by J. Welles Wilder)
Coppock Curve (by Edwin S. Coppock)
Elder Force Index (by Dr. Alexander Elder)
Ease Of Movement (by Richard W. Arms)
Mass Index (by Donald Dorsey)
Price Volume Trend
TRIX (by Jack K. Hutson)
Ulcer Index (by Peter Martin and Byron McCann)
VHF, Vertical Horizontal Filter (by Adam White)
Swing Index (by J. Welles Wilder)
Accumulative Swing Index (by J. Welles Wilder)
Standard Deviation
Supported Price Sources
open
high
low
close
oo2 ( (open + previous open) / 2 )
oh2 ( (open + high) / 2 )
ol2 ( (open + low) / 2 )
oc2 ( (open + close) / 2 )
hh2 ( (high + previous high) / 2 )
hl2
hc2 ( (high + close) / 2 )
ll2 ( (low + previous low) / 2 )
lc2 ( (low + close) / 2 )
cc2 ( (close + previous close) / 2 )
hlc3
ohlc4
wc (weighted close, (2 * close + high + low) / 4 )
Supported Moving Averages
AHMA, Ahrens MA (by Richard D. Ahrens)
ALF, Adaptive Laguerre Filter (by John F. Ehlers)
DEMA, Double Exponential MA (by Patrick G. Mulloy)
EMA, Exponential MA
EVWMA, Elastic Volume Weighted MA (by Christian P. Fries)
FRAMA, Fractal Adaptive MA (by John F. Ehlers)
HMA, Hull MA (by Alan Hull)
IIRF, Infinite Impulse Response Filter (by John F. Ehlers)
LSMA, Least Squares MA
LWMA, Linear Weighted MA
Median
RMA, Running MA (by J. Welles Wilder)
RMF, Recursive Median Filter (by John F. Ehlers)
RMTA, Recursive Moving Trend Average (by Dennis Meyers)
SMA, Simple MA
SHMMA, Sharp Modified MA (by Joe Sharp)
SMMA, Smoothed MA
TEMA, Triple Exponential MA (by Patrick G. Mulloy)
TMA, Triangular MA (Modified by John F. Ehlers)
VIDYA, Variable Index Dynamic Average (by Tushar S. Chande)
VWMA, Volume Weighted MA
WMA, Weighted MA
ZLEMA, Zero Lag Exponential MA (by John F. Ehlers and Ric Way)
2-Pole BF, 2-Pole Butterworth Filter (by John F. Ehlers)
3-Pole BF, 2-Pole Butterworth Filter (by John F. Ehlers)
2-Pole SSF, 2-Pole Super Smoother Filter (by John F. Ehlers)
3-Pole SSF, 2-Pole Super Smoother Filter (by John F. Ehlers)
1-Pole GF, 1-Pole Gaussian Filter (by John F. Ehlers)
2-Pole GF, 2-Pole Gaussian Filter (by John F. Ehlers)
3-Pole GF, 3-Pole Gaussian Filter (by John F. Ehlers)
4-Pole GF, 4-Pole Gaussian Filter (by John F. Ehlers)
TradeSpot Pro || Accompanying Strategy indicatorTradeSpot Pro
Overview
This script is an accompaniment to the existing TradeSpot Pro || All Purpose Advanced Trading Indicator
This script is for swing trading with longs, primarily on Binance / Kucoin / Coinbase and other crypto exchanes but is not limited to those markets. The details of what logic is behind the script can be found on the indicator version linked above.
Bags? This script has been tweaked and modified to completely destroy bear markets despite being focused on longs, see the BTCUSD image or PM me for any chart of your liking. I dislike indicators that show an amazing looking run in a bull market but in bear markets they fall apart - well with TradeSpot Pro that is not the case, it is completely market agnostic
Access
For details of access please join the TradeSpot community server where we can sort you out: discord.gg
Alternatively PM me if you would like to directly purchase the strategy and paired indicator.
PMEX MT Trend This is a tool generally I use for trend health and would recommend users to use it on daily time frame.
I have different sorts of tools that I used manually but now I am trying to code my manual strategies. This is one of the tools that I have used over 7 years or so and still very effective for swing trading.
Detailed trading strategy based on this tool is only available to invitees.
Ultimate Bar Analysis Emiliano MesaMy most complex script as a gift to you @TradingView.
Simple price action analysis. Look at the chart and the indicator will do everything else for you. This indicator is based in a combination of several indicators, including ADX, EMA, and concepts by the book "Bar by Bar" by Al Brooks. You can use it any way you like.
Its been tested in 5 minute stock charts, anything else is not assured to work.
Key:
Yellow/Pink ===> Buyer / Seller pressure (Bears/Bulls are gaining momentum)
Green/Orange ===> Up Trend / Down Trend, this is based on ADX, change the values if you wish.
Red ===> High reversal chance, based on Al Brooks book.
Grey Bars ===> No man land. (No trend is taking place)
Hope you enjoy! Leave your feedback down below.
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Want your own indicator? Email me at : emilianomesauribe2000@live.com
Prices starting at 100$
Odd Bars Emiliano MesaSimple code which will find and highlight big price movements in a small period of time. This price movements will usually have an opposite reaction of the same size.
Use this indicator under your own risk.
Emiliano Mesa
Hawkeye Trend+StopsHawkeye Trend+Stops -- the tool that breathes with market condition
With Trend+Stops you get a true sense of the market trend rather than opinions from the financial media.
This powerful indicator tells you when a trend is commencing, in congestion and where the correct exit is. You’ll have the confidence to stay in a trend, a feat that proves difficult for most novice traders.
Trend+Stops is based on the Hawkeye Volume algorithm of pattern recognition and average true range. Using this tool will stop you from having "opinions" on market direction and allow you to take control of your trading.
Trend+Stops overcomes two of the biggest hurdles to successful trading:
Where the trend is at the given moment (and its momentum)
Where your stop exit should be
The Hawkeye Trend+Stops Indicator
One of the most difficult tasks in trading is to know when the market you are trading is in a trend, and when it is not. It is the correct selection of trades in trending markets that makes the difference between a profitable trade, and one that gets you stopped out with a loss.
The problem is that markets spend more time moving sideways than they do in a trend. Consequently many traders find themselves in a trade they believe is the start of a trend, only to discover that the market moved sideways, with the position being closed out at a loss. This is the single most frustrating part of trading, and it accounts for more traders making overall losses on their account than any other factor -- Hawkeye Trend+Stops
Cooltoyz: market shaker v1.0Panicking over a big ass candle? wondering what's happening on a flat market? Despair no more, this indicator could help with that :)
The market Shaker calculates the price differences, and weights them with the volume used for the move. This volume is not the plain value, but a measure of the past X volume candles.
Examples:
price moves 3%, but with a volume of only ~80% of last candles. looks like weak move
price moves 0.4%, but the volume was a massive 220% bigger than last candles. something happened, even if the market absorbed it all, better pay attention.
in each case, the shaker indicator makes the calculated value bigger/smaller to account for the volume weight of the move.
It's also i real time, the current candle weight is considered on how much time it remains to close. Example, on the 1H chart, if the last candle is 45min to close, the values for the volume are weighted to 25%, since is only 15min "old", while all the other candles are 1h, so the candle is only 25% of it's time to close.
The indicator options has the arguments required to tune the indicator, the candles minutes must match the chart, or the results go crazy.
The Block IndicatorThis indicator finds Mondays and Wednesdays and draws a vertical line, so you can easy do your bias or trend analysis.
Options
You can turn off/on the Wednesday's line.
2% candlePart of my strategy involves entering a trade based on a candle on a 5-min chart being < 2% (ignoring major volatility).
I got tired of calculating the range of a single candle either in my head or on a calculator, so I wrote this up. Feel free to share it.
Shows the %move of any single candle, default horizontal lines are 1% & 2%, can be changed by clicking the gear icon next to the indicator after you have added the indicator to your chart. Works on any timeframe, 5m, 1h, 1d, etc , obviously
the higher the timeframe, the larger the move.
[RS]Moving Average Trend Expansion Analysis V0experimental: analyzing the differences between price closure and multiple moving averages to discern movement and direction of market.
upper signal is the long trend, while the lower signal symbolizes faster movements within the trend.
