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BTC x M2 Divergence (Weekly)### Why the "M2 Money Supply vs BTC Divergence with Normalized RSI" Indicator Should Work IMPORTANT - Weekly only indicator - Combine it with BTC Halving Cycle Profit for better results The "M2 Money Supply vs BTC Divergence with Normalized RSI" indicator leverages the relationship between macroeconomic factors (M2 money supply) and Bitcoin price movements, combined with technical analysis tools like RSI, to provide actionable trading signals. Here's a detailed rationale on why this indicator should be effective: 1. **Macroeconomic Influence**: - **M2 Money Supply**: Represents the total money supply, including cash, checking deposits, and easily convertible near money. Changes in M2 reflect liquidity in the economy, which can influence asset prices, including Bitcoin. - **Bitcoin Sensitivity to Liquidity**: Bitcoin, being a digital asset, often reacts to changes in liquidity conditions. An increase in money supply can lead to higher asset prices as more money chases fewer assets, while a decrease can signal tightening conditions and lower prices. 2. **Divergence Analysis**: - **Economic Divergence**: The indicator calculates the divergence between the percentage changes in M2 and Bitcoin prices. This divergence can highlight discrepancies between Bitcoin's price movements and broader economic conditions. - **Market Inefficiencies**: Large divergences may indicate inefficiencies or imbalances that could lead to price corrections or trends. For example, if M2 is increasing (indicating more liquidity) but Bitcoin is not rising proportionately, it might suggest a potential upward correction in Bitcoin's price. 3. **Normalization and Smoothing**: - **Normalized Divergence**: Normalizing the divergence to a consistent scale (-100 to 100) allows for easier comparison and interpretation over time, making the signals more robust. - **Smoothing with EMA**: Applying Exponential Moving Averages (EMAs) to the normalized divergence helps to reduce noise and identify the underlying trend more clearly. This double-smoothed divergence provides a clearer signal by filtering out short-term volatility. 4. **RSI Integration**: - **RSI as a Momentum Indicator**: RSI measures the speed and change of price movements, indicating overbought or oversold conditions. Normalizing the RSI and incorporating it into the divergence analysis helps to confirm the strength of the signals. - **Combining Divergence with RSI**: By using RSI in conjunction with divergence, the indicator gains an additional layer of confirmation. For instance, a bullish divergence combined with an oversold RSI can be a strong buy signal. 5. **Dynamic Zones and Sensitivity**: - **Good DCA Zones**: Highlighting zones where the divergence is significantly positive (good DCA zones) indicates periods where Bitcoin might be undervalued relative to economic conditions, suggesting good buying opportunities. - **Red Zones**: Marking zones with extremely negative divergence, combined with RSI confirmation, identifies potential market tops or bearish conditions. This helps traders avoid buying into overbought markets or consider selling. - **Peak Detection**: The sensitivity setting for detecting upside down peaks allows for early identification of potential market bottoms, providing timely entry points for traders. 6. **Visual Cues and Alerts**: - **Clear Visualization**: The plots and background colors provide immediate visual feedback, making it easier for traders to spot significant conditions without deep analysis. - **Alerts**: Built-in alerts for key conditions (good DCA zones, red zones, sell signals) ensure traders can act promptly based on the indicator's signals, enhancing the practicality of the tool. ### Conclusion The "M2 Money Supply vs BTC Divergence with Normalized RSI" indicator integrates macroeconomic data with technical analysis to offer a comprehensive view of Bitcoin's market conditions. By analyzing the divergence between M2 money supply and Bitcoin prices, normalizing and smoothing the data, and incorporating RSI for momentum confirmation, the indicator provides robust signals for identifying potential buying and selling opportunities. This holistic approach increases the likelihood of capturing significant market movements and making informed trading decisions.
Indicatore Pine Script®
di jfurtado141
4
Trading SessionsThis Indicator can show the following sessions: -2 Asian Ranges -Pre Frankfurt Session -Frankfurt Session -London Session -Pre New York Session -New York Session -NYSE Session -Post NYSE Session -NYSE Power Hour -NYSE ETH For every session it's possible to draw a line on session open price For the 2 asian Ranges and the NYSE ETH it's possible to draw a line on 50% price The indicator also can show these elements: -Daily Session Breaks (changes the background of first hour of every day candle) -Weekly Session Breaks (changes the background of first hour of every week candle) -Daily Highs & Lows (draws lines on highs & lows of every day) Every session duration and time are editable Every color is editable Every element can be hidden or shown
Indicatore Pine Script®
di FontanaMassimo
Bitcoin Market Cap wave model weeklyThis Bitcoin Market Cap wave model indicator is rooted in the foundation of my previously developed tool, the : Bitcoin wave model To derive the Total Market Cap from the Bitcoin wave price model, I employed a straightforward estimation for the Total Market Supply (TMS). This estimation relies on the formula: TMS <= (1 - 2^(-h)) for any h.This equation holds true for any value of h, which will be elaborated upon shortly. It is important to note that this inequality becomes the equality at the dates of halvings, diverging only slightly during other periods. Bitcoin wave model is based on the logarithmic regression model and the sinusoidal waves, induced by the halving events. This chart presents the outcome of an in-depth analysis of the complete set of Bitcoin price data available from October 2009 to August 2023. The central concept is that the logarithm of the Bitcoin price closely adheres to the logarithmic regression model. If we plot the logarithm of the price against the logarithm of time, it forms a nearly straight line. The parameters of this model are provided in the script as follows: log(BTCUSD) = 1.48 + 5.44log(h). The secondary concept involves employing the inherent time unit of Bitcoin instead of days: 'h' denotes a slightly adjusted time measurement intrinsic to the Bitcoin blockchain. It can be approximated as (days since the genesis block) * 0.0007. Precisely, 'h' is defined as follows: h = 0 at the genesis block, h = 1 at the first halving block, and so forth. In general, h = block height / 210,000. Adjustments are made to account for variations in block creation time. The third concept revolves around investigating halving waves triggered by supply shock events resulting from the halvings. These halvings occur at regular intervals in Bitcoin's native time 'h'. All halvings transpire when 'h' is an integer. These events induce waves with intervals denoted as h = 1. Consequently, we can model these waves using a sin(2pih - a) function. The parameter determining the time shift is assessed as 'a = 0.4', aligning with earlier expectations for halving events and their subsequent outcomes. The fourth concept introduces the notion that the waves gradually diminish in amplitude over the progression of "time h," diminishing at a rate of 0.7^h. Lastly, we can create bands around the modeled sinusoidal waves. The upper band is derived by multiplying the sine wave by a factor of 3.1*(1-0.16)^h, while the lower band is obtained by dividing the sine wave by the same factor, 3.1*(1-0.16)^h. The current bandwidth is 2.5x. That means that the upper band is 2.5 times the lower band. These bands are forming an exceptionally narrow predictive channel for Bitcoin. Consequently, a highly accurate estimation of the peak of the next cycle can be derived. The prediction indicates that the zenith past the fourth halving, expected around the summer of 2025, could result in Total Bitcoin Market Cap ranging between 4B and 5B USD. The projections to the future works well only for weekly timeframe. Enjoy the mathematical insights!
Indicatore Pine Script®
di leoum
2
ADR/AWR/AMR Average Daily+Weekly+Monthly Range[Traders Reality]Advanced ADR/AWR/AMR indicator created for Traders Reality community, as well as the greater trading community. Thanks to the TR community discord guys: infernix, peshocore and xtech5192 Everything is modular and can be turned on/off, including a customisable table showing daily/weekly/monthly average pips/dollars. If you just want the average daily range lines for example, you can just disable everything else. You can choose how many days to look back; as well as for weeks or months. Check out Traders Reality on YouTube if you want to see this implemented as part of Tino's strategy that utilizes market manipulation, imbalances, times of day etc. Price regularly reverses from ADR, making it one of the few highly valuable indicators in price action/smart money trading.
Indicatore Pine Script®
di SmartMoneyConceptsOnYouTube
12
Spider Lines For Bitcoin (Daily And Weekly)I haven't seen any indicator do this, so I decided to publish this to form automatic Spider Charts without actually going through the effort of drawing them! This script charts dotted lines (spider lines) all over, depicting support and resistance levels. It works by connecting some candles from the 2018 bear market to the candle from 1st July 2019, followed by extending the lines to the right, making support and resistance levels for the future. The script works only for the daily and weekly charts for Bitcoin. The levels are accurate to a good extent. If the lines don't load, zoom out until the 2018 bear market top and it should load then. Have fun with this indicator!
Indicatore Pine Script®
di chinmaysk1
5
All-In-One Sessions, Weekly, Monday, Previous Highs/LowsWe are forever drawing key levels on our charts with saved drawing templates, but finding the levels, adding the labels, is all tedious stuff. We have indicators, but we have multiple different ones at a time. What if you could just tick a box on/off? Well now you can. This all in one 'levels' indicator is designed to show all the key highs and lows from previous weeks, Monday, the current week, as well as an option to highlight the market sessions and their highs and lows. There are lots of options available for extending lines and choosing their colors, so once you have set it up how you want, don't forget to save YOUR defaults. Oorah.
Indicatore Pine Script®
di Texmoonbeam
116
Mondays Range by B1rdPlots mondays range (high, low and optionally average) Features: Added the option to extend the range for the entire week or just monday Added the option to display if the high or low of the range has been taken and removes the level aftwards Added the option to only display the current week Added the option to visualize new weekly sessions Added the option to mark mondays with a seperate background Will update the script based on suggestions
Indicatore Pine Script®
di dab1rd
13
MTF VWAP & StDev BandsMulti Timeframe Volume Weighted Average Price with Standard Deviation Bands I used the script "Koalafied VWAP D/W/M/Q/Y" by Koalafied_3 and made some changes, such as adding more standard deviation bands. The script can display the daily, weekly, monthly, quarterly and yearly VWAP. Standard deviation bands values can be changed (default values are 0.618, 1, 1.618, 2, 2.618, 3). Also the previous standard deviation bands can be displayed.
Indicatore Pine Script®
di Yatagarasu_
3
Pivot Points Standard M, W, D (Monthly, Weekly & Daily)This script is based on Pivot Point Standard and is intended for educational purposes only. "Pivot points are a technical indicator that is used to determine the levels at which price may face support or resistance. Pivot Points indicator consists of a Pivot (P) level, several support (S) and several resistance (R)." You can view the Daily timeframe - support/resistance. You can view the Weekly timeframe - support/resistance. You can view the Monthly timeframe - support/resistance. Options to choose "Traditional" or "Fibonacci" or "Woodie" or "Classic" or "DM" or "Camarilla" Options to choose historical pivots (Number of Pivots Back) This tool can be handy in any trading process from short-long term trades or timeframes, multiple timeframe analysis, trend trades, swing trades, position trades, and momentum trades. Credits Credits to TradingView for original built-in source code
Indicatore Pine Script®
di Vignesh-Vajiravel
70
Bitcoin Price Temperature: Weekly TimeframeUse this oscillator at weekly timeframes: The Bitcoin Price Temperature (BPT) is an oscillator that models the number of standard deviations the price has moved away from the 4-yr moving average. This seeks to establish a mean reversion model based on the cyclical nature of Bitcoin halving and investment cycles. The BPT bands then establish price levels that coincide with specific standard deviation multiples to identify fair and extreme valuations. Coined By: DilutionProof Interpretation: Values above 6 indicate extremely high price areas: (TOP OF THE MARKET) Areas below 0.2 indicate extremely low price areas: (BOTTOM OF THE MARKET)
Indicatore Pine Script®
di cryptoonchain
7
Daily, Weekly, Monthly Pivot Points StandardShow Higher timeframe Pivot Point along with 3 support/Resistance and mid line between them Option to show the Monthly lines, with or without mid line, and can select the color Option to show the Weekly lines, with or without mid line, and can select the color Option to show the Daily lines, with or without mid line, and can select the color Option to show a tables with the previous Open, High, Low, Close for these higher timeframe
Indicatore Pine Script®
di Naletar
7
Simple Daily Weekly Monthly YearlySimple price line of the previous daily, weekly, monthly, and yearly opens and closes. By default your will get the open and close of the last period of the time frame. If you're in March, you will get the open and close of Febraury. If it is calendary day 20, you will get the open and close of day 19 (or previous market day). Script can be modified to see the most recent opens and closes by switching the period on a desired time range to 0. This will make so that if you're in March, you will get the open of March and it's most recent close price even if the month isn't over. Colors can be changed to your liking via the settings for the indicator. To show the price labels on your y-axis, go to Main Chart Settings -> Scales -> "Last Value Indicator Label" and click the checkbox. Also, might be helpful to check the "Indicator Name Label" under the same settings. The line plots need to be completely transparent, otherwise they will show up and crowd the price chart.
Indicatore Pine Script®
di Tennkeii
1
12 Weeks of Weekly LevelsA very simple indicator, which basically looks back on the past 12 weeks at 8PM EST and finds the highs and the lows. Once it finds those levels, it draws them as horizontal rays on the chart. The lows are drawn in green (to indicate previous buy zones) and the highs in red (to indicate previous sell zones). No user inputs are required Nothing fancy, just weekly levels for the past quarter. You can easily draw these on a chart yourself, but it becomes very time consuming if you are watching a bunch of instruments and then Sundays come around. Special shoutout to rumpypumpydumpy on StackOverflow for helping me work out the kinks, this is the first indicator I ever created. Hope it helps you find confluence in your decision making
Indicatore Pine Script®
di Char1zard
1
CPR - Daily, Weekly, Monthly and Yearly by [GSY] This is a multi-time frame scripts for CPR . Script draws the CPR ( TC , BC , CP), Support and Resistances (R1, R2, R3, S1, S2, S3) for Daily, Weekly, Monthly What makes it convenient? 1. All these values are drawn on the chart for different time frames. This gives a very good visual representation of the stock behavior.. 2. The settings dialog is very well organized 3. Easy selection/deselection of CPRs and pivots for different time frames This script can be used along with another script “CPR Width Histogram for Selected timeframe by GSY” to understand the stock behavior.
Indicatore Pine Script®
di govindsy
13