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OPEN-SOURCE SCRIPT
Updated

BTC buy/sell effectiveness

3 143
Describing how much bitcoin price moves due to active buy/sell orders, using price data from BINANCE:BTCUSDT but summing up the volume data from BINANCE:BTCUSDT, COINBASE:BTCUSD, BITHUMB:BTCKRW, BITFLYER:BTCJPY, KRAKEN:BTCEUR, FTX:BTCUSD, BITSTAMP:BTCUSD, BITFINEX:BTCUSD. The script is based on another script in the following
active buy/sell effectiveness


The recommended setting is 1m resolution with 1H time frame, EMA lengths 12 and 18. The upper and lower dashed lines show regions of high and low volatility of price.
Release Notes
fixed bugs
Release Notes
fixed bugs
Release Notes
changed the high/low levels of volume-based volatility
Release Notes
changed the source of price data to "INDEX:BTCUSD"
Release Notes
changed the source of price data back to BINANCE:BTCUSDT
Release Notes
revised the algorithm based on "active buy/sell effectiveness"

Open-source script

In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.

wzkkzw12345
multitimeframeVolume

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
multitimeframeVolume

Open-source script

In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.

wzkkzw12345

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.