OPEN-SOURCE SCRIPT

Volatility Visualizer by Oddbeaker LLC

Updated
Use this to determine if a crypto pair has volatility suitable for your Oddbeaker Synthetic Miner. Draws entry/exit lines over the candles.
  • "Show me every place on the chart where I could have made X percent gains in Y days or less."

Inputs:
  • Percent Gain: Minimum percent gains to show on the chart.
  • Scan Bars: Maximum number of bars allowed to reach the profit target.

Notes:
  • Lines drawn on the chart indicate the entry and exit times and prices to reach the exact profit target.
  • The indicator only uses the low price of each candle to determine entry. It does not show every possible entry point.
  • When counting lines, count any group of lines that cross each other as one. Also, count any group of lines that do not cross but overlap in price over the same time period as one.

Tips:
  • For best results, set Percent Gain to double the amount of the sum of Min Profit and Min Stash on your Synth Miner. Example: If you have minProfit=5 and minStash=5, 5+5=10, so percentGain should be 20 on the chart.
  • Use a daily chart and set Scan Bars to 7 or less on highly volatile pairs.
  • Look for charts with the highest number of lines that don't overlap.
  • Use this indicator combined with the Synthetic Mining Channel for best results.
Release Notes
2024-02-29
  • Added Line Color input, which I thought I had already done.
Release Notes
  • Indicator now shows single candles with a range larger than the percentGain
  • Changed the default percentGain to 2
  • Changed default line color and increased thickness
Chart patternsVolatility

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.

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