Inizia

Bitcoin (Criptovaluta)

Crypto addict 7 Accurate Buy & Sell indicators The below indicators are recommended on the daily chart only. Yellow Diamond - Possible bottom of the market. This diamond will only flash a few times in a cycle on the BTC chart. This is actually one the BEST buying signal Green Buy – Buy Red Sell - Sell / take profits BIG red cross – Possible top and best signal to sell or take profits BIG green cross – possible bottom and the best signal to buy Silver Line – 111 MA The modified 111 moving average is also a very good indicator. The market will test this support/resistance before the 200 moving average. Purple line – 200 MA The modified 200 moving average is a very good indicator. You will get a feel if the markets are in a up or down trend and identifying support and resistance areas. A daily candle close above the line is support and markets can move upwards. A daily close below indicate resistance and markets will move downwards Red line – Confirmed bullish / bearish cycle!! Green Line - This MA line indicate the bottom of the cycle - your absolute best entry point for the next cycle. This MA got a 10-year accurate record. Remember that past history does not guarantee future results.
Indicatore Pine Script®
di Crypto7addict
1
Everything Bitcoin [Kioseff Trading]Hello! This script retrieves most of the available Bitcoin data published by Quandl; the script utilizes the new request.security_lower_tf() function. Included statistics, True price Volume Difficulty My Wallet # Of Users Average Block Size api.blockchain size Median Transaction Confirmation Time Miners' Revenue Hash Rate Cost Per Transaction Cost % of Transaction Volume Estimated Transaction Volume USD Total Output Volume Number Of Transactions Per Block # of Unique BTC Addresses # of BTC Transactions Excluding Popular Addresses Total Number of Transactions Daily # of Transactions Total Transaction Fees USD Market Cap Total BTC Retrieved data can be plotted as line graphs; however, the data is initially split between two tables. The image above shows how the requested Bitcoin data is displayed. However, in the user inputs tab, you can modify how the data is displayed. For instance, you can append the data displayed in the floating statistics box to the stagnant statistics box. The image above exemplifies the instance. You can hide any and all data via the user inputs tab. In addition to data publishing, the script retrieves lower timeframe price/volume/indicator data, to which the values of the requested data are appended to center-right table. The image above shows the script retrieving one-minute bar data. Up arrows reflect an increase in the more recent value, relative to the immediately preceding value. Down arrows reflect a decrease in the more recent value relative to the immediately preceding value. The ascending minute column reflects the number of minutes/hours (ago) the displayed value occurred. For instance, 15 minutes means the displayed value occurred 15 minutes prior to the current time (value). Volume, price, and indicator data can be retrieved on lower timeframe charts ranging from 1 minute to 1440 minutes. The image above shows retrieved 5-minute volume data. Several built-in indicators are included, to which lower timeframe values can be retrieved. The image above shows LTF VWAP data. Also distinguished are increases/decreases for sequential values. The image above shows a dynamic regression channel. The channel terminates and resets each fiscal quarter. Previous channels remain on the chart. Lastly, you can plot any of the requested data. The new request.security_lower_tf() function is immensely advantageous - be sure to try it in your scripts!
Indicatore Pine Script®
di KioseffTrading
32
Bitcoin OnChain & Other MetricsHi all,   In these troubled times, going back to fundamentals can sometimes be a good idea 😊 I put this one up using data retrieved from “Nasdaq Data Link” and their “Blockchain.com” database. Here is a good place to analyses some Bitcoin data “outside” its price action with 25 different data sets. Just go to the settings menu and display the ones you are interested in. If you want me to add more metrics, feel free to DM or comment below!   Hope you enjoy 😉  
Indicatore Pine Script®
di LucasVivien
Cryptogrithm's Secret Momentum and Volatility IndicatorThis indicator is hard-coded for Bitcoin, but you may try it on other asset classes/coins. I have not updated this indicator in over 3 years, but it seems to still work very well for Bitcoin. This indicator is NOT for beginners and is directed towards intermediate/advanced traders with a sensibility to agree/disagree with what this indicator is signalling (common sense). This indicator was developed back in 2018 and I has not been maintained since, which is the reason why I am releasing it. (It still works great though! At the time of this writing of May 2022). How to use: Terms: PA (Price Action): Literally the candlestick formations on your chart (and the trend formation). If you don't know how to read and understand price action, I will make a fast-track video/guide on this later (but in the meanwhile, you need to begin by learning Order-Flow Analysis, please google it first before asking). CG Level (Cryptogrithm Level/Yellow Line): PA level above = bullish, PA level below = bearish CG Bands (Cryptogrithm Bands): This is similar to how bollingers work, you can use this the same was as bollinger bands. The only difference is that the CG bands are more strict with the upper and lower levels as it uses different calculations to hug the price tighter allowing it to be more reactive to drastic price changes (earlier signals for oversold/overbought). CG Upper Band (Red Upper Line): Above this upper bound line means overbought. CG Middle Band (Light Blue Line): If PA trades above this line, the current PA trend is bullish continuing in the uptrend. If PA trades below this line, the current PA trend is bearish continuing in the downtrend. This band should only be used for short-term trends. CG Lower Band (Green Lower Line): Below this lower bound line means oversold. What the CG Level (yellow line) tells you: PA is trading above CG Level = Bullish PA is trading below CG Level = Bearish Distance between CG Level and price = Momentum What this means is that the further away the price is from the CG Level, the greater the momentum of the current PA trend. An increasing gap between the CG Level and PA indicates the price's strength (momentum) towards the current upward/downward trend. Basically when the PA and CG Level diverge, it means that the momentum is increasing in the current trend and when they converge, the current trend is losing momentum and the direction of the PA trend may flip towards the other direction (momentum flip). PA+CG Level Momentum: To use the CG Level as a momentum indicator, you need to pay attention to how the price and the CG level are moving away/closer from each other: PA + CG Level Diverges = Momentum Increasing PA + CG Level Converges = Momentum Decreasing Examples (kind of common sense, but just for clarity): Case 1: Bullish Divergence (Bullish): The PA is ABOVE and trending AWAY above from the CG Level = very bullish, this means that momentum is increasing towards the upside and larger moves will come (increasing gap between the price and CG Level) Case 2: Bearish Convergence (Bearish): - The PA is ABOVE the CG Level and trending TOWARDS the CG Level = bearish, there is a possibility that the upward trend is ending. Look to start closing off long positions until case 1 (divergence) occurs again. Case 3: Neutral - The PA is trading on the CG Level (no clear divergence or convergence between the PA and CG Level) = Indicates a back and forth (tug of war) between bears and bulls. Beware of choppy price patterns as the trend is undecisive until either supply/liquidity is dried out and a winner between bull/bear is chosen. This is a no trade zone, but do as you wish. Case 4: Bearish Divergence (Bearish): The PA is BELOW and trending AWAY BELOW from the CG Level = very bearish, this means that momentum is increasing towards the downside and larger downward moves will come (increasing gap between the price and CG Level). Case 5: Bullish Convergence (Bullish): - The PA is BELOW the CG Level and trending TOWARDS the CG Level = bullish, there is a possibility that the downward trend is ending and a trend flip is occuring. Look to start closing off short positions until case 4 (divergence) occurs again. CG Bands + CG Level: You can use the CG bands instead of the PA candles to get a cleaner interpretation of reading the momentum. I won't go into detail as this is pretty self-explanatory. It is the same explanation as PA+CG Level Momentum, but you are replacing the PA candles with the CG Bands for interpretation. So instead of the PA converging/diverging from the CG Level, the Upper and Lower Bound levels are converging/diverging from the CG level instead. Convergence: CG Level (yellow line) trades inside the CG bands Divergence: CG Level (yellow line) trades outside the CG bands Bullish/Bearish depends on whether the CG Band is trading below or above the CG level. If CG Band is above the CG Level, this is bullish. If CG Band is below the CG level, this is bearish. Crosses (PA or CG Band crosses with CG level): This typically indicates volatility is incoming. There are MANY MANY MANY other ways to use this indicator that is not explained here and even other undiscovered methods. Use some common sense as to how this indicator works (it is a momentum indicator and volatility predictor). You can get pretty creative and apply your own methods / knowledge to it and look for patterns that occur. Feel free to comment and share what you came up with!
Indicatore Pine Script®
di Cryptogrithm
super SSL [ALZ]This script is designed and optimized for MULTI TIME by Ali Zebardast (ALZ) 1.in part of ssl Original Version credits to Mihkel00 Actual Version i just set alerts and change the parameters for BTCUSDT 1min Chart. He designed for daily time. I tried to optimize 1 min time-frame . And fix the errors with OTT "This script has a SSL / Baseline (you can choose between the SSL or MA), a secondary SSL for continiuation trades and a third SSL for exit trades. Alerts added for Baseline entries, SSL2 continuations, Exits. Baseline has a Keltner Channel setting for "in zone" Gray Candles Added "Candle Size > 1 ATR" Diamonds from my old script with the criteria of being within Baseline ATR range." 2.in part of Range two Filter Buy and Sell for 3min Wait For Bar close ssl2 :Be under the candle for buy and The bar color must confirm the order of purchase (Blue) 3.in part of OTT when candles close over HOTT, means an UPTREND SIGNAL and to Fuchia when candles begin closing under LOTT line to indicate a DOWNTREND SIGNAL. FLAT ZONE is highlighted also to have the maximum concentration on sideways market conditions. There are three quantitative parameters in this indicator: The first parameter in the OTT indicator set by the two parameters is the period/length. OTT lines will be much sensitive to trend movements if it is smaller. And vice versa, will be less sensitive when it is longer. As the period increases it will become less sensitive to little trends and price actions. In this way, your choice of period, will be closely related to which of the sort of trends you are interested in. The OTT percent parameter in OTT is an optimization coefficient. Just like in the period small values ​​are better at capturing short term fluctuations, while large values will be more suitable for long-term trends. The final adjustable quantitative parameter is HIGHEST and LOWEST length which is the source of calculations. Credits go to: SSL Hybrid www.tradingview.com HIGH and LOW OTT : www.tradingview.com Range Filter www.tradingview.com
Indicatore Pine Script®
di AliZebardast
2
MACD of Aggregated Buy/Sell Pressure - InFinitoModified & Updated script from MARKET VOLUME by Ricardo M Arjona @XeL_Arjona that Includes Aggregated Volume Aggregation code originally from Crypt0rus ***The indicator can be used for any coin/symbol to aggregate volume , but it has to be set up manually*** ***The indicator can be used with specific symbol data only by disabling the aggregation option, which allows for it to be used on any symbol*** - Calculated based on Aggregated Volume instead of by symbol volume . Using aggregated data makes it more accurate and allows to compare volume flow between different kinds of markets (Spot, Futures , Perpetuals, Futures+Perpetuals and All Volume ). - As well, in order to make the data as accurate as possible, the data from each exchange aggregated is normalized to report always in terms of 1 BTC . In case this indicator is used for another symbol, the calculations can be adjusted manually to make it always report data in terms of 1 contract/coin. Buy to Sell Convergence / Divergence by @XeL_Arjona: "It's a simple adaptation of the popular "Price Percentage Oscillator" or MACD but taking Buying Pressure against Selling Pressure Averages, so given a Positive oscillator reading (>0) represents Bullish dominant Trend and a Negative reading (<0) a Bearish dominant Trend. Histogram is the diff between RAW Volume Pressures Convergence/Divergence minus Normalized ones (Signal) which helps as a confirmatory." Things to look for: - Divergences: This indicator can very useful to spot tops and bottoms through divergences
Indicatore Pine Script®
di In_Finito_
1
Buy/Sell Aggregated Delta Pressure - InFinitoModified & Updated script from MARKET VOLUME by Ricardo M Arjona @XeL_Arjona that Includes Aggregated Volume , Delta Buy/Sell Pressure Aggregation code originally from Crypt0rus ***The indicator can be used for any coin/symbol to aggregate volume , but it has to be set up manually*** ***The indicator can be used with specific symbol data only by disabling the aggregation option, which allows for it to be used on any symbol*** - Calculated based on Aggregated Volume instead of by symbol volume . Using aggregated data makes it more accurate and allows to compare volume flow between different kinds of markets (Spot, Futures , Perpetuals, Futures+Perpetuals and All Volume ). - As well, in order to make the data as accurate as possible, the data from each exchange aggregated is normalized to report always in terms of 1 BTC . In case this indicator is used for another symbol, the calculations can be adjusted manually to make it always report data in terms of 1 contract/coin. - Buy/Sell Pressure: Smoothens the buy and sell volume into a signal for each. Which makes it easier to identify Buy and Sell Volume Flow. - Buy/Sell Delta Pressure: Calculates the difference between Buy & Sell Pressure and plots a Delta signal that shows who is in control currently. - Buy/Sell + Delta Pressure: Displays both Buy & Sell Pressure and Delta pressure. This can help to visualize who is in control but also how much pressure there is on each side. - A Moving Average can be plotted to the Delta pressure. This, with confluence, can give great entries/exits Things to look for: - Divergences: If price keeps moving in one direction but the pressure to that side decreases it can be inferred that the move might slow down soon or revert. As well if pressure to one side increases but price does not react to it, it signals that the other side is stronger. - MA/Zero Crossovers: Delta Pressure Crossover of its moving average or the 0 Line can indicate direction changes prematurely
Indicatore Pine Script®
di In_Finito_
2
SOPR Candles OscillatorThe Spent Output Profit Ratio (SOPR) is computed by dividing the realized value (in USD) divided by the value at creation (USD) of a spent output. Or simply: price sold / price paid. This metric was created by Renato Shirakashi. The indicator provides insight into macro market sentiment, profitability and losses taken over a particular time-frame. It reflects the degree of realized profit for all coins moved on-chain. SOPR is measured by taking the ratio between the fiat value at the time of UTXO creation, and the fiat value when the UTXO is spent. In this indicator, I have essentially created an index that measures SOPR value on any given day. This is visually displayed as an oscillator. SOPR values greater than 0 implies that the coins moved that day are, on average, selling at a profit (price sold is greater than the price paid). SOPR value less than 0 implies that the coins moved that day are, on average, selling at a loss (price sold is less than the price paid). You have the ability to see the SOPR of BTC , ETH and LTC. You can also smooth the SOPR using an EMA or SMA of your choice. I have added colored bars to the chart to make it easier to visualize SOPR and it's relation to price action. Thank you to both TradingView and Glassnode for adding all the on-chain data.
Indicatore Pine Script®
di Gokubro
Aggregated Money Flow Index - InFinitoModified Version of In-Built Money Flow Index Indicator. Aggregated Volume is used for it's calculation + a couple of other features. Aggregation code originally from Crypt0rus ***The indicator can be used for any coin/symbol to aggregate volume , but it has to be set up manually*** ***The indicator can be used with specific symbol data only by disabling the aggregation option, which allows for it to be used on any symbol*** - Calculated based on Aggregated Volume instead of by symbol volume . Using aggregated data makes it more accurate and allows to compare volume flow between different kinds of markets (Spot, Futures , Perpetuals, Futures+Perpetuals and All Volume ). - As well, in order to make the data as accurate as possible, the data from each exchange aggregated is normalized to report always in terms of 1 BTC . In case this indicator is used for another symbol, the calculations can be adjusted manually to make it always report data in terms of 1 contract/coin. - Added Moving Average ( SMA , EMA , WMA , RMA, VWMA ) that can be plotted to the MFI - Added 10/90 level and 45/55 range level Things to look for: - Divergences: Can be a very good reversal signal - MA crossovers & Oversold/Overbought levels crossover: With proper confluence, entering a position at MA crossover and exiting at oversold/overbought levels can give very good swing setups (Or scalps on LTF) - Center range retests: Once in a trend, retesting the middle range can give very good entries and confirmations of the trend - Confluence of the latter: In combination, if more than one of these occur at the same time it can give more clarity regarding the current state of the market.
Indicatore Pine Script®
di In_Finito_
2
Aggregated Chaikin Money Flow - InFinitoModified Version of In-Built Chaikin Money Flow Indicator. Aggregated Volume is used for it's calculation + a couple of other features. Aggregation code originally from Crypt0rus ***The indicator can be used for any coin/symbol to aggregate volume , but it has to be set up manually*** ***The indicator can be used with specific symbol data only by disabling the aggregation option, which allows for it to be used on any symbol*** - Calculated based on Aggregated Volume instead of by symbol volume. Using aggregated data makes it more accurate and allows to compare volume flow between different kinds of markets (Spot, Futures , Perpetuals, Futures+Perpetuals and All Volume ). - As well, in order to make the data as accurate as possible, the data from each exchange aggregated is normalized to report always in terms of 1 BTC. In case this indicator is used for another symbol, the calculations can be adjusted manually to make it always report data in terms of 1 contract/coin. - Added Moving Average ( SMA , EMA , WMA , RMA, VWMA) that can be plotted to the CMF - Changed 0 line to a small range which tends to be more relevant than the 0 line. This range can be manually modified Things to look for: - Divergences: Can be a very good reversal signal - MA crossovers: Can be a very good confluent Buy/Sell signal - Center range retests: CMF is normally defined as bullish above 0 and bearish below 0. In this case it is above or below the middle range. Even if the start of the move was missed. The retest of the middle range can give very good entries. - Confluence of the latter
Indicatore Pine Script®
di In_Finito_
1
Aggregated On Balance Volume - InFinitoOn Balance Volume calculated with aggregated and normalized volume data and a few other features: Aggregation code originally from Crypt0rus Candle Plotting code from LonesomeTheBlue ***The indicator can be used for any coin/symbol to aggregate volume, but it has to be set up manually*** As normal OBV, this indicator can be used to find divergences and to have an idea of volume flow. Using aggregated data makes it more accurate and allows to compare volume flow between different kinds of markets (Spot, Futures, Perpetuals, Futures+Perpetuals and All Volume). As well, in order to make the data as accurate as possible, the data from each exchange aggregated is normalized to report always in terms of 1 BTC. In case this indicator is used for another symbol, the calculations can be adjusted manually to make it always report data in terms of 1 contract/coin. Extra features: - Based off LonesomeTheBlue, OBV can be plotted as candles and as Heiken Aishi candles (which give wick information) - A Moving Average (SMA, EMA, WMA, RMA, VWMA) can be plotted to the OBV. This can be used as a confluent signal to enter a trade on a crossover or to know the strength of the current move. - The OBV basis can be reset to 0 periodically, making it more oscillator-like and allowing to focus only on a certain period of time.
Indicatore Pine Script®
di In_Finito_
11
Aggregated Volume - By InFinitoVolume indicator that works like a normal Volume indicator with the following additional features: - Aggregates Volume across different exchanges and Market Types - *Original Aggregation Code By Crypt0rus* - Displays data by Market Type and combinations of Market Types (Spot, Futures , Perpetuals, Futures+Perpetuals & All Volume ) - Allows for the user to select the exchanges from which to aggregate Volume (This allows for the aggregation of any other pair i.e ETH, SOL, LUNA) - Normalizes the Volume reported through TradingView by every exchange in order to homogenize the data (i.e Binance reports Bitcoin Volume in BTC terms BUT FTX reports Bitcoin Volume in USD) - Allows for manual input of how Volume is reported in a particular Pair/Exchange (i.e If you want to aggregate data from the BTCEUR pair, you can select 'Other' and introduce the Value of EUR in USD terms) COIN: Select this option if the volume is reported in terms of the asset traded ( BTC , ETH, SOL, etc....) USD: Select this option if the Volume is reported in terms of the USD amount traded OTHER: Select this option in case the Volume is reported in another currency (EUR, ETH, etc....) NOTE: *ALL VOLUME IS AGGREGATED IN TERMS OF THE ASSET TRADED, FOR EXAMPLE IN THIS CASE: BTC . BUT IF YOU'RE AGGREGATING BNB PAIRS, VOLUME WILL BE CALCULATED TO BE DISPLAYED IN BNB TERMS* Feel free to leave suggestions/questions in the comments or to message them directly to me
Indicatore Pine Script®
di In_Finito_
3
BABI - Binance Altcoin Basis Indicator This indicator works by taking the basis between various altcoin perpetual futures contracts and spot market indexes on Binance, and then smooths out the data with a basic moving average. The result is a useful oscillator that shows potential "buy" and "sell" areas. Simply put, a spot premium is usually bullish and a derivatives premium is usually bearish. Other versions of this indicator only worked for BTC and ETH, so I have extended its functionality to include popular altcoin trading pairs. USDT Trading pairs included in this version: •BTC •ETH •LTC •ICP •SOL •LUNA •GRT •ATOM •ADA •XRP •ETC •AVAX Default setting is BTC. To choose a different oscillator, go to settings and pick your desired crypto. Thanks for looking. I think you could create a pretty basic trading strategy based on this indicator by simply placing buy and sell orders once the oscillator rises or falls below certain thresholds. **Credit to @chestbrook on Twitter and Pinnacle_Investor on TradingView Binance Basis Oscillator ()
Indicatore Pine Script®
di Gokubro
3
Basic Binance Premium IndexA premium index indicator for Binance futures. The premium index is based on the difference in price between the perpetual swap contract last price and the price of a volume weighted spot index. Simply put: it shows you for each coin whether the spot market is trading higher than the Binance perpetual or not. If future price is higher than spot in a rally, the rally isn't backed by real buys (spot) but by dumb perpetual longs which can indicate bearish PA. If spot price is higher than futures in a rally, the upside is backed by real money (spot) which can indicate bullish PA. To calculate the premium, I simply took (futures_price/vwap(spot_price)-1)*100 This version includes •BTC •ETH •LTC •ICP •BNB •ADA •DOGE. You can display data as a smoothed moving average for improved readability. This code is open source so feel free to use it in your scripts.
Indicatore Pine Script®
di Gokubro
6
Fukuiz Octa-EMA + IchimokuThis indicator base on EMA of 8 different period and Ichimoku Cloud. #A brief introduction to Ichimoku # The Ichimoku Cloud is a collection of technical indicators that show support and resistance levels, as well as momentum and trend direction. It does this by taking multiple averages and plotting them on a chart. It also uses these figures to compute a “cloud” that attempts to forecast where the price may find support or resistance in the future. #A brief introduction to EMA# An exponential moving average (EMA) is a type of moving average (MA) that places a greater weight and significance on the most recent data points. The exponential moving average is also referred to as the exponentially weighted moving average. An exponentially weighted moving average reacts more significantly to recent price changes than a simple moving average (SMA), which applies an equal weight to all observations in the period. I combine this together to help you reduce the false signals in Ichimoku. #How to use# EMA (Color) = Bullish trend EMA (Gray) = Bearish trend #Buy condition# Buy = All Ema(color) above the cloud. #Sell condition# SELL= All Ema turn to gray color.
Indicatore Pine Script®
di Fukuiz
27
Momentum CloudThis is a modified Ichimoku Cloud: -The default Lookback-Length and Displacement settings have been modified to operate optimally on 24/7 markets - which is popular among Crypto analysts. -The Lagging Span, Base Line, and Conversion Line have been removed - leaving just the bare cloud. -Additionally, the Cloud's color will shift blue when it is compressed. (More specifically - when Leading Span A retreats to Leading Span B, the color changes.) This allows the user to easily identify when the Cloud is "thinning", either to the upside, or the downside. Being that the "spread" or "width" of an Ichimoku Cloud generally gauges it's efficacy as potential Support or Resistance, this tool is particularly useful for highlighting when momentum is weakening. *This script will be updated in the future to allow the user to view the Momentum Cloud of alternate time-frames! (e.g, Viewing the 1D Momentum Cloud on the 1H timeframe)
Indicatore Pine Script®
di TheRiskChair
Bitcoin Power Law Bands (BTC Power Law) Indicator█  OVERVIEW The 'Bitcoin Power Law Bands' indicator is a set of three US dollar price trendlines and two price bands for bitcoin , indicating overall long-term trend, support and resistance levels as well as oversold and overbought conditions. The magnitude and growth of the middle (Center) line is determined by double logarithmic (log-log) regression on the entire USD price history of bitcoin . The upper (Resistance) and lower (Support) lines follow the same trajectory but multiplied by respective (fixed) factors. These two lines indicate levels where the price of bitcoin is expected to meet strong long-term resistance or receive strong long-term support. The two bands between the three lines are price levels where bitcoin may be considered overbought or oversold. All parameters and visuals may be customized by the user as needed. █  CONCEPTS Long-term models Long-term price models have many challenges, the most significant of which is getting the growth curve right overall. No one can predict how a certain market, asset class, or financial instrument will unfold over several decades. In the case of bitcoin , price history is very limited and extremely volatile, and this further complicates the situation. Fortunately for us, a few smart people already had some b​right ideas that seem to have stood the test of time. Power law The so-called power law is the only long-term bitcoin price model that has a chance of survival for the years ahead. The idea behind the power law is very simple: over time, the rapid (exponential) initial growth cannot possibly be sustained (see The seduction of the exponential curve for a fun take on this). Year-on-year returns, therefore, must decrease over time, which leads us to the concept of diminishing returns and the power law. In this context, the power law translates to linear growth on a chart with both its axes scaled logarithmically. This is called the log-log chart (as opposed to the semilog chart you see above, on which only one of the axes - price - is logarithmic). Log-log regression When both price and time are scaled logarithmically, the power law leads to a linear relationship between them. This in turn allows us to apply linear regression techniques, which will find the best-fitting straight line to the data points in question. The result of performing this log-log regression (i.e. linear regression on a log-log scaled dataset) is two parameters: slope (m) and intercept (b). These parameters fully describe the relationship between price and time as follows: log(P) = m * log(T) + b, where P is price and T is time. Price is measured in US dollars , and Time is counted as the number of days elapsed since bitcoin 's genesis block. DPC model The final piece of our puzzle is the Dynamic Power Cycle (DPC) price model of bitcoin . DPC is a long-term cyclic model that uses the power law as its foundation, to which a periodic component stemming from the block subsidy halving cycle is applied dynamically. The regression parameters of this model are re-calculated daily to ensure longevity. For the 'Bitcoin Power Law Bands' indicator, the slope and intercept parameters were calculated on publication date (March 6, 2022). The slope of the Resistance Line is the same as that of the Center Line; its intercept was determined by fitting the line onto the Nov 2021 cycle peak. The slope of the Support Line is the same as that of the Center Line; its intercept was determined by fitting the line onto the Dec 2018 trough of the previous cycle. Please see the Limitations section below on the implications of a static model. █  FEATURES Inputs  • Parameters    • Center Intercept (b) and Slope (m): These log-log regression parameters control the behavior of the grey line in the middle    • Resistance Intercept (b) and Slope (m): These log-log regression parameters control the behavior of the red line at the top    • Support Intercept (b) and Slope (m): These log-log regression parameters control the behavior of the green line at the bottom  • Controls    • Plot Line Fill: N/A    • Plot Opportunity Label: Controls the display of current price level relative to the Center, Resistance and Support Lines Style  • Visuals    • Center: Control, color, opacity, thickness, price line control and line style of the Center Line    • Resistance: Control, color, opacity, thickness, price line control and line style of the Resistance Line    • Support: Control, color, opacity, thickness, price line control and line style of the Support Line    • Plots Background: Control, color and opacity of the Upper Band    • Plots Background: Control, color and opacity of the Lower Band    • Labels: N/A  • Output    • Labels on price scale: Controls the display of current Center, Resistance and Support Line values on the price scale    • Values in status line: Controls the display of current Center, Resistance and Support Line values in the indicator's status line █  HOW TO USE The indicator includes three price lines:  • The grey Center Line in the middle shows the overall long-term bitcoin USD price trend  • The red Resistance Line at the top is an indication of where the bitcoin USD price is expected to meet strong long-term resistance  • The green Support Line at the bottom is an indication of where the bitcoin USD price is expected to receive strong long-term support These lines e​nvelope two price bands:  • The red Upper Band between the Center and Resistance Lines is an area where bitcoin is considered overbought (i.e. too expensive)  • The green Lower Band between the Support and Center Lines is an area where bitcoin is considered oversold (i.e. too cheap) The power law model assumes that the price of bitcoin will fluctuate around the Center Line, by meeting resistance at the Resistance Line and finding support at the Support Line. When the current price is well below the Center Line (i.e. well into the green Lower Band), bitcoin is considered too cheap (oversold). When the current price is well above the Center Line (i.e. well into the red Upper Band), bitcoin is considered too expensive (overbought). This idea alone is not sufficient for profitable trading, but, when combined with other factors, it could guide the user's decision-making process in the right direction. █  LIMITATIONS The indicator is based on a static model, and for this reason it will gradually lose its usefulness. The Center Line is the most durable of the three lines since the long-term growth trend of bitcoin seems to deviate little from the power law. However, how far price extends above and below this line will change with every halving cycle (as can be seen for past cycles). Periodic updates will be needed to keep the indicator relevant. The user is invited to adjust the slope and intercept parameters manually between two updates of the indicator. █  RAMBLINGS The 'Bitcoin Power Law Bands' indicator is a useful tool for users wishing to place bitcoin in a macro context. As described above, the price level relative to the three lines is a rough indication of whether bitcoin is over- or undervalued. Users wishing to gain more insight into bitcoin price trends may follow the author's periodic updates of the DPC model (contact information below). █  NOTES The author regularly posts on Twitter using the @DeFi_initiate handle. █  THANKS Many thanks to the following individuals, who - one way or another - made the 'Bitcoin Power Law Bands' indicator possible:  • TradingView user 'capriole_charles', whose open-source 'Bitcoin Power Law Corridor' script was the basis for this indicator  • Harold Christopher Burger, whose Bit​coin’s natural long-term power-law corridor of growth article (2019) was the basis for the 'Bitcoin Power Law Corridor' script  • Bit​coin Forum user "Trololo", who posted the original power law model at Logarithmic (non-linear) regression - Bit​coin estimated value (2014)
Indicatore Pine Script®
di DeFi_initiate
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