Trend is your friendThis indicator evaluates the trend based on crosses of two McGinley moving averages. It paints candles accordingly (it does not repaint), so you can see what the indicator is saying more clearly and stay in your trade until you see a period of consolidation or a reversal. You can control how far away those moving averages need to be for you to consider it a trend. If this distance is not met candles color is not changed and it shows you that the market is in a period of consolidation. I also added visualization of RSI, so you can have an easier time finding appropriate profit targets. For stop loss I would recommend placing it a couple points above or below the previous high / low that is located above / below you final target for entry. You can also use a certain percentage that works for you. I tried adding a stop loss based on ATR, but I did not like the results. Using market structure is a better choice in my opinion.
Here is a basic trading strategy for the default settings:
Wait for the indicator to start printing a series of green or red candles. After that you can enter a long or a short around moving averages. Another valid place to entry is the specific RSI zone. If we are in an uptrend buying when RSI is oversold can be beneficial as you expect market to recover. I do not recommend changing RSI from 14. Vice versa for the downtrend. It gives you an edge as you know at what price RSI will be oversold and allows you to place trades in advance. Pretty neat! You need to realize that no indicator or strategy can give you an exact entry. There will always be some margin of error. What I wanted to say is that if there is a strong trend up and you buy around your key moving averages and when RSI is oversold you entered in good places and there is a pretty good chance you will make money.
Time frame settings:
If you want to use tighter stop losses I would recommend sticking to 15m. Do not go lower. It is not worth the stress. 1h and 4h seems to be very good as well, but expect your stop losses to be wider. What I personally tend to do is display 15m, 30m and 1h and compare it. Think of it as a short, mid and long term. That way you can see things little bit better.
Examples:
1H chart BTC
4h chart EUR / USD
1D chart NASDAQ
15m chart BTC (Daytrading)
That last chart shows that even if you were longing while the trend was about to change you still had a good chance to close it with a little profit and switch to short easily. The default settings is what has worked the best for me. Feel free to change them as you see fit and do not forget to let me know if you find something that works better :)
Notes:
Either disable wick display or change it to a neutral color like gray for both green and red candles. Unfortunately pine script does not allow wick painting, so if you have red / green wicks it will look terrible. If RSI visualization makes your candles look too small you can go to settings and disable the display of individual RSI levels. You will still be able to see the zones, but the scale won't be affected.
BTC-M
BTC Exchanges Volume [SHK]Useful script to calculate sum of BTC ( Bitcoin ) volumes on different exchanges.
Supported Exchanges:
Coinbase
Bitfinex
Bitmex
Houbi
CEX
Bitstamp
Binance
BitFlyer
Poloniex
Bittrex
Flyer
OkEx
Poloniex
Gemini
HitBTC
btcATR Bitfinex [csg]A simple script that uses the average true range indicator and compares it against bitcoin's market cap to obtain a visual representation of bitcoin's historical volatility.
A version of this indicator will be made for other coins once tradingview gives us access to the market cap data
Total Bitcoin Volume [@MetaDonTrader]Aggregates all the bitcoin volume from different exchanges. Note that new exchanges like Binance and Bitmex will have an affect on this data as well. Who's to say how much of it is legit and how much is wash trading.
BTC South Korea_PricesSince BTC prices are diverging, this set of 4 indicators charts volume-weighted prices for different exchanges:
Spot, Tether, Futures and South Korea.
I tried doing EUR & JPY, but the divergence is minimal so its a little pointless.
Here is the 4 links:
BTC Futures_PricesSince BTC prices are diverging, this set of 4 indicators charts volume-weighted prices for different exchanges:
Spot, Tether, Futures and South Korea.
I tried doing EUR & JPY, but the divergence is minimal so its a little pointless.
Here is the 4 links:
BTC Spot_PricesSince BTC prices are diverging, this set of 4 indicators charts volume-weighted prices for different exchanges:
Spot, Tether, Futures and South Korea.
I tried doing EUR & JPY, but the divergence is minimal so its a little pointless.
Here is the 4 links:
BTC Tether_PricesSince BTC prices are diverging, this set of 4 indicators charts volume-weighted prices for different exchanges:
Spot, Tether, Futures and South Korea.
I tried doing EUR & JPY, but the divergence is minimal so its a little pointless.
Here is the 4 links:
BTC Price Deviation % and Tether price (BPD) [cI8DH]This indicator shows Bitcoin price deviation from average of price across difference exchanges in percentage. As you can see, price at Bitfinex and Binance (both BTC/Tether pairs) are going up relative to BTC/USD pairs. This means Tether price is going down for some fishy reason(s). In the next
update, I will add Tether price calculation.
Bitfinex BTC margin position differencesIf green is over the red it means that longs are currently dominant on BitFinex for BTC.
Same goes if red is over green just that shorts are dominant.
If the green is over red the green will show how many more longs there are than shorts and if you hover over the red you will see how many more shorts there are compared to longs
Vice versa if red is over green .
You can change to a histogram, area, line or any other style of chart in the settings of the indicator
The black dashed line in the middle is 0 aka if u see the indicator go there it means there are an equal amount of longs and shorts
Retail vs. Institutional Bitcoin Volume Ratio [@joemccann]Retail Exchanges
Binance
Bitstamp
Coinbase
Kraken
Bithumb
BitFlyer
OkEx
CEX
Huobi
Institutional Exchanges
Bitfinex
Bitmex
The ratio measure the (total volume of retail exchanges) / (total volume of retail exchanges + total volume of institutional exchanges).
Imperfect. Not investment advice.
H/T @cryptorae for the original version.
@WACC Volatility Weighted PUT/CALL Positions [SPX]This indicator is based on Volatility and Market Sentiment. When volatility is high, and market sentiment is positive, the indicator is in a low or 'buy state'. When volatility is low and market sentiment is poor, the indicator is high.
The indicator uses the VIX as it's volatility input.
The indicator uses the spread between the Call Volume on SPX/SPY and the Put Volume.
This is pulled from CVSPX and PVSPX.
When volatility and put/call reaches a critical level, such as the levels present in a crisis or a sell off, the line will be green. See Sept 2015, 2008, and Feb 2018.
This level can be edited in the source code.
As the indicator is based on Put/Call, the indicator works best on larger time frames as the put/call ratio becomes a more discernible measure of sentiment over time.
XBT Volatility Weighted Bottom Finder. [For Daily Charts]An update to:
Made it into and indicator.
v. 0.0.1
DESIGNED FOR DAILY CHARTS
4 EMA TREND INDICATORİf GREEN > YELLOW > RED > BLACK
UPWARD TREND
If BLACK > RED > YELLOW > GREEN
DOWNWARD TREND
In upward trend , if green(fastest ema) crossunder YELLOW or RED or both of them , you can close the position . Dont wait the Downward Trend.
Lengths of EMAs are based on Fibonacci numbers ( 8,13,21,34) , if you want, you can change it based on your strategy.
TPA BTC Chart
We created this chart to compare the Altco Saturn chart with the Bitcoin chart of the same time zone. The source of this chart is BITSTAMP: BTCUSD.
동시간대의 비트트코인 차트와 알트사토시 차트를 비교하기 위해 만들었습니다.이 차트의 소스는 BITSTAMP:BTCUSD 입니다.
BTC-USD: LONGS, SHORTS & RATIO (Bitfinex)This script allows you
1. to plot the outstanding BTC long (green) and/or short (red) positions
2. to plot an area (blue) corresponding to the ratio between the outstanding long and short positions, shifted and rescaled, such that the zero-line corresponds to the mid-point between the long and short positions: ratio => ratio * mid + mid
6 Simple Moving Averages 9,20,30,50,128,200 (bitcoin tested)I've condensed my SMAs down to these 6 and have found them to be most useful for Bitcoin, which is what I trade the most. They all have played their roll in acting as support and resistance and making decisions with the 30 period probably the least relevant, but relevant nonetheless. There is the option to change to exponential if desired.
Compare - Oscillator vs BTC momentumI've made a simple indicator to compare the momentum of a trading pair against the momentum of BTC to the dollar. I use it to see how a pair is affected by BTC's momentum... I wouldnt use it to trade off alone, but it can be a useful tool alongside other indicators.
The time range can be adjusted, but I wouldnt reccomend setting it to anything over 12M, or under 1W.... as I'm not sure if it would work.
Any feedback is welcome!
This is an idea I had after looking at a wonderful visualisation made by BarclayJames, link below:
www.tradingview.com
Volume Share - Bitcoin Retail % [cryptorae]I've been keeping my eyes on retail BTC trading volume as a % of total BTC trading volume (charted).
It's the single best chart showing the death of sentiment in this bear market. Retail fell to as low as 5.6% on 6/8. The good news is that the % has stabilized at these levels.
I think retail interest will need to trend higher in tandem with higher price moves for us to break through key resistance levels.
To know why, let's look closer at the anatomy of the recent bull and bear market.
In the 2017 bull market:
- Retail interest trended higher or sideways with each drive up
- Average retail volume share was ~46%
In other words, price movements were dominated by infusions of new money.
In the 2018 bear market:
- Retail interest trended LOWER with each recovery in price
- Average retail volume share was ~15%
In other words, price movements were dominated by money exchanging through the hands of traders.
Open thoughts:
- If the bear market persists and prices reach critical levels, I think that retail % would spike as some finally rush for the exit and new investors happily jump in
- If prices recover w/o a sustained increase in retail %, I'd not be so quick to call a bull market
Things I classify as "retail":
- Bitflyer
- Bithumb
- Coinbase
- Bistamp
- Kraken
Things classified as "non-retail"
- Bitmex
- Bitfinex
The formula is retail / (retail + non-retail)
The script is open for you to modify if you disagree. Let me know your thoughts/tweaks.