Crypto Trend IndicatorThe Crypto Trend Indicator is a trend-following indicator specifically designed to identify bullish and bearish trends in the price of Bitcoin, and other cryptocurrencies. This indicator doesn't provide explicit instructions on when to buy or sell, but rather offers an understanding of whether the trend is bullish or bearish. It's important to note that this indicator is only useful for trend trading.
The band is a visual representation of the 30-day and 60-day Exponential Moving Average (EMA). When the 30-day EMA is above the 60-day EMA, the trend is bullish and the band is green. When the 30-day EMA is below the 60-day EMA, the trend is bearish and the band is red. When the 30-day EMA starts to converge with the 60-day EMA, the trend is neutral and the band is grey.
The line is a visual representation of the 20-week Simple Moving Average (SMA) in the daily timeframe. "Bull" and "Bear" signals are generated when the 20-day EMA is either above or below the 20-week SMA, in conjunction with a bullish or bearish trend. When the band is green and the 20-day EMA is above the 20-week SMA, a “Bull” signal emerges. When the band is red and the 20-day EMA is below the 20-week SMA, a “Bear” signal emerges. The 20-week SMA can potentially also function as a leading indicator, as substantial price deviations from the SMA typically indicate an overextended market.
While this indicator has traditionally identified bullish and bearish trends in various cryptocurrency assets, past performance does not guarantee future results. Therefore, it is advisable to supplement this indicator with other technical tools. For instance, range-bound indicators can greatly improve the decision-making process when planning for entries and exits points.
Crypto
Net Positions (Net Longs & Net Shorts) - By LeviathanThis script is an experimental indicator that visualizes the entering and exiting of long and short positions in the market. It also includes other useful tools, such as NL/NS Profile, NL/NS Delta, NL/NS Ratio, Volume Heatmap, Divergence finder, Relative Strength Index of Net Longs and Net Shorts, EMAs and VWMAs and more.
To avoid misinterpretation, it's important to understand some basics. The “real” ratio between net long and net short positions in a given market is always 1:1. A futures contract is an agreement between two parties to buy or sell an underlying asset at an agreed-upon price. Each contract has a long side and a short side, with one party agreeing to buy (long) and the other party agreeing to sell (short) the asset at the agreed-upon price. The long position holder anticipates that the asset's price will rise, while the short position holder expects it to fall. Because every futures contract involves both a buyer and a seller, it is impossible to have more net longs than net shorts or vice versa (in terms of the net value). For every long position opened, there must be a corresponding short position taken by another market participant (and vice versa), thus maintaining the 1:1 ratio between longs and shorts. While there can be an imbalance in the number of traders/accounts holding long and short contracts, the net value of positions held on each side remains 1 to 1.
Open Interest (OI) is a metric that tracks the number of open (unsettled) contracts in a given market. For example, Open Interest of 100 BTC means that there are currently 100 BTC worth of longs and 100 BTC worth of shorts open in the market. There may be more traders on one side holding smaller positions, and fewer traders on the other side holding larger positions, but the net value of positions on one side is equal to the net value of positions on the other side → 100 BTC in longs and 100 BTC in shorts (1:1). Consider a scenario in which a trader decides to open a long position for 1 BTC at a price of HKEX:30 ,000. For this long order to be executed, a counterparty must take the opposite side of the contract by placing an order to short 1 BTC at the same price of HKEX:30 ,000. When both the long and short orders are matched and executed, the open interest increases by 1 BTC, reflecting the addition of this new contract to the market.
Changes in Open Interest essentially tell us 3 things:
- OI Increase - new positions entered the market (both longs and shorts!)
- OI Decrease - positions exited the market (both longs and shorts!)
- OI Flat - no change in open positions due to low activity or simply lots of transfers of contracts
However, different concepts can be used to analyze sentiment, aggressiveness, and activity in the market by analyzing data such as Open Interest, price, volume, etc. This indicator combines Open Interest data and price action to simplify the visualization of positions entering and exiting the market. It is based on the following concept:
Increase in Open Interest + Increase in price = Longs Opening
Decrease in Open Interest + Decrease in price = Longs Closing
Increase in Open Interest + Decrease in price = Shorts Opening
Decrease in Open Interest + Increase in price = Shorts Closing
When "Longs Opening" occurs, the OI Delta value is added to the running total of Net Longs, and when "Longs Closing" occurs, the OI Delta value is subtracted from the running total of Net Longs.
When "Shorts Opening" occurs, the OI Delta value is added to the running total of Net Shorts, and when "Shorts Closing" occurs, the OI Delta value is subtracted from the running total of Net Shorts.
To summarize:
Net Longs: Cumulative value of Longs Opening and Longs Closing (LO - LC)
Net Shorts: Cumulative value of Shorts Opening and Shorts Closing (SO - SC)
Net Delta: Net Longs - Net Shorts
Net Ratio: Net Longs / Net Shorts
This is the fundamental logic of how this script functions, but it also includes several other tools and options. Here is an overview of the settings:
Type:
- Net Positions (display values of Net Longs, Net Shorts, Net Delta, Net Ratio as described above)
- Relative Strength (display Net Longs, Net Shorts, Net Delta, Net Ratio in the form of a momentum oscillator that measures the speed and change of movements. Same logic as RSI for price)
Display as:
- Candles (display the data in the form of candlesticks)
- Lines (display the data in the form of candlesticks)
- Columns (display the data in the form of columns)
Cumulation:
- Visible Range (data is cumulated from the first visible bar on your chart)
- Full Data (data is cumulated from the beginning)
Quoted in:
- Base Currency (all data is presented in the pair’s base currency eg. BTC)
- Quote Currency (all data is presented in the pair’s quote currency eg USDT)
OI Sources
- Pick the sources from where the data is collected (if available).
Net Positions:
- NET LONGS (show/hide Net Longs plot, choose candle colors, choose line color)
- NET SHORTS (show/hide Net Shorts plot, choose candle colors, choose line color)
- NET DELTA (show/hide Net Delta plot, choose candle colors, choose line color)
- NET RATIO (show/hide Net Ratio plot, choose candle colors, choose line color)
Moving Averages:
- Type (choose between EMA and Volume Weighted Moving Average)
- NET LONGS (show/hide NL moving average plot, choose length, choose color)
- NET SHORTS (show/hide NS moving average plot, choose length, choose color)
- NET DELTA (show/hide ND moving average plot, choose length, choose color)
- NET RATIO (show/hide NR moving average plot, choose length, choose color)
Profile:
- Profile Data (choose the source data of the profile)
- Value Area % (set the percentage width of profile’s value area)
- Positions (set the position of the profile to left or right of the visible range)
- Node Size (set the relative size of nodes to make them appear smaller or larger)
- Rows (select the amount of rows displayed by the profile to control granularity)
- POC (show/hide POC- Point Of Control and select its color)
- VA (show/hide VA- Value Area and select its color)
Divergence finder
- Source (choose the source data used by the script to compare it with price pivot points)
- Maximum distance (the maximum distance between two divergent pivot points)
- Lookback Bars Left (the number of bars to the left of the current bar that the function will consider when looking for a pivot point)
- Lookback Bars Right (the number of bars to the right of the current bar that the function will consider when looking for a pivot point)
Stats:
- Show/Hide the Stats table
- Bars Back (choose the length of data analyzed for stats in number of bars)
- Position (choose the position of the Stats table)
- Select Data you want to display in the Stats table
Additional Settings:
- Volume Heatmap (show/hide volume heatmap and select its color)
- Label Offset (select how much the plot label is shifted to the right
- Position Relative Strength Length (select the length used in the calculation)
- Value Label (show/hide OI Delta values when candles are displayed)
- Plot Labels (show/hide the labels next to the plot)
- Wicks (show/hide wick when candles are displayed)
Code used for generating profiles is taken from @KioseffTrading's "Profile Any Indicator" script (used with author's permission)
mex_fundingScript for calculating Bitmex funding based on the Premium tickers Bitmex submits to Tradingview
Make sure you add the correct Bitmex Interest Base and Quote Symbols in the input settings
For example for www.bitmex.com the inputs are:
Chart ticker: XBTUSDPI8H
Input Settings
Interest Base: XBTBON8H
Interest Quote: USDBON8H
Stablecoin supplies [USD bn]This script shows crypto market inflows/outflows by showing the USD stablecoin supplies, using data from glassnode.com :
GLASSNODE:BUSD_SUPPLY
GLASSNODE:USDT_SUPPLY
GLASSNODE:USDC_SUPPLY
Using a simple 20 EMA, the line will change color showing stablecoin inflow or outflow. Traders can consider stable coin inflows (green) as bullish for Bitcoin price, while stable coin outflows (red) should be considered bearish for price.
Live Portfolio ScreenerThe live portfolio screener indicator is a tool that help users to track the performance of their investments in real-time. The indicator provides a detailed breakdown of the user's portfolio, including the current profit and loss (P&L) for each stock that is invested in. This allows users to quickly and easily see how their portfolio is performing and make informed decisions about their investments on charts. Overall, this tool is an essential tool for anyone looking to stay on top of their investments and make data-driven decisions.
This indicator can load any symbol globally usable.
How to use this indicator ?
in this indicator firstly
you have add script name. (For example if you want to add symbol you have add in 's01 ' means the first symbol)
after that
you have to add price for each (For example if you want to add buy price for the first symbol then add the buy price in ' Bp01 ')
then the quantity comes in picture which is below price list and named here as Bq01 which means 'Buy quantity for first symbol'
Crypto Map Dashboard v1.0🔰Overview
Charts are an essential part of working with data, as they are a way to condense large amounts of data into an easy to understand format. Visualizations of data can bring out insights to someone looking at the data for the first time, as well as convey findings to others who won’t see the raw data. There are countless chart types out there, each with different use cases. Often, the most difficult part of creating a data visualization is figuring out which chart type is best for the task at hand.
What are the types of metrics, features, or other variables that you plan on plotting? Although it depended on some multiple factors!
But my choices of the chart type for this Crypto datas was Pie chart or Donut char for crypto dominances ,and Colum (Bar) chart for Total MarketCaps .
The audiences that I plan on presenting this for them could be all tradingviewrs , especially crypto lovers ,or those who just aim to have an initial exploration for themselves ,like me!
so this indicator mostly could be an educational indicator script for pine coders !
We can use the " Crypto Map Dashboard " indicator to Get an quick overview of the crypto market and monitor where the smart money Flow changing by comparing the dominances and totals Caps .
In general, it consists of 4 parts:
✅1 =>> Table1 : If you like to see and compare and monitor the changes of dominances of (Bitcoin, Ethereum, Usdt , Usdc , etc.) and their market cap in different times you can see the table on The upper-right corner.
✅2 =>> Table2: Also, in the table lower-right corner, you can see the changes of the totals(Total, Total2 , Total3 and TotalDefi) in the same time periods.
✅3 =>> pie chart or donut chart: By viewing this , you understand better about Table1 Datas, that it depicts exactly how Dominance is distributed and specialized.
✅4 =>> column chart (bar chart) : And in the last you can clearly compare the total marketcaps and see how far they are from their ATHs.
You also can even notice the entry and exit of liquidity from the crypto market!
I must also mention that I am definitely still a beginner compared to more experienced pine coders, and there may be some bugs in my codes and calculations, but I am an open person and I welcome your comments ,Also Let me know if you have any questions.
Lots of Love to all tradingviewers and pineCoder ,Cheers!💚❤️💙
Emibap's Uniswap V3 HEX/USDC 3% Liquidity PoolThis script will display a histogram of the Uniswap V3 HEX / USDC 3% liquidity pool.
Similar to what you can see in the liquidity section of the Uniswap pool page but conveniently rendered alongside your chart.
It's meant to be used on any HEX / USDC chart only.
One of the main motivations for using this in your HEX / USDC chart is to get an idea of the current sentiment: If most of the volume is below the price it might be an indication of an upcoming move up, for instance.
I'll try to update the liquidity regularly; if possible several times a day.
Using the 4h, daily, or weekly time frames is highly recommended.
The options are straightforward:
Histogram bars color. Default is blue
Histogram background color. Default is black at 20% opacity
Upper price limit of the diagram: Visible upper bound price limit for the histogram, based on the current price. I.E: 200%: If the price is 1, the histogram will show 3 as the upper bound
Lower price limit of the diagram. Visible lower bound price limit for the histogram, based on the current price. I.E: 99%: If the price is 1, the histogram will show 0. 01 as the upper bound
Width of the widest bar: Width (in bars) for the widest bar of the histogram. The more the higher resolution you'll get
DXY Overlay CompareOverlays the DXY chart over the top of any other chart. When the dollar strength increases, asset prices can drop and vice versa. Was created personally to compare with the price of Bitcoin.
Crypto Index (DXY) CandlesA modification of @loxx's "Dollar Index (DXY) Candles" allowing for a user selected basket of tickers using the same weights as the standard DXY. Ticker Inputs are in descending order so highest weight is at the top by default, although weighting can be changed manually by modifying the symbol's corresponding weight input in the settings. The Idea was to get a bird's eye view of the crypto space using some of the more relevant names in the space. User's can use the toggle in the settings for viewing the default DXY for comparison. Indicator should be used as a confirmation when looking at long term trend changes in the space, shorter time frames may, or may not be as useful.
Investing ZonesInvesting Zones indicator shows the areas where LONGS or SHORTS can be made, the areas are calculated based on the mathematical averages of the high and low peaks of the price.
-There is an area called "No trading Zone" where the price is too slow, It also has a Alma Trend Ribbon (blue for uptrend, pink for downtrend) that helps to make trading decisions.
-You can make shorts when the price enters the Yellow zone called the "Sell Zone" and the price is below the Alma trend, set the TP1 in the white dotted line, and TP2 in the white lower line
-You can make longs when the price enters the Green zone called the "Buy Zone" and the price is above the Alma trend, set the TP1 in the yellow dotted line, and TP2 in the yellow upper line
-It works in all timeframes, personally I use it in 1min, 5min and 1hr.
Open Interest Profile (OI)- By LeviathanThis script implements the concept of Open Interest Profile, which can help you analyze the activity of traders and identify the price levels where they are opening/closing their positions. This data can serve as a confluence for finding the areas of support and resistance , targets and placing stop losses. OI profiles can be viewed in the ranges of days, weeks, months, Tokyo sessions, London sessions and New York sessions.
A short introduction to Open Interest
Open Interest is a metric that measures the total amount of open derivatives contracts in a specific market at a given time. A valid contract is formed by both a buyer who opens a long position and a seller who opens a short position. This means that OI represents the total value of all open longs and all open shorts, divided by two. For example, if Open Interest is showing a value of $1B, it means that there is $1B worth of long and $1B worth of short contracts currently open/unsettled in a given market.
OI increasing = new long and short contracts are entering the market
OI decreasing = long and short contracts are exiting the market
OI unchanged = the net amount of positions remains the same (no new entries/exits or just a transfer of contracts occurring)
About this indicator
*This script is basically a modified version of my previous "Market Sessions and Volume Profile by @LeviathanCapital" indicator but this time, profiles are generated from Tradingview Open Interest data instead of volume (+ some other changes).
The usual representation of OI shows Open Interest value and its change based on time (for a particular day, time frame or each given candle). This indicator takes the data and plots it in a way where you can see the OI activity (change in OI) based on price levels. To put it simply, instead of observing WHEN (time) positions are entering/exiting the market, you can now see WHERE (price) positions are entering/exiting the market. This is the same concept as when it comes to Volume and Volume profile and therefore, similar strategies and ways of understanding the given data can be applied here. You can even combine the two to gain an edge (eg. high OI increase + Volume Profile showing dominant market selling = possible aggressive shorts taking place)
Green nodes = OI increase
Red nodes = OI decrease
A cluster of large green nodes can be used for support and resistance levels (*trapped traders theory) or targets (lots of liquidations and stop losses above/below), OI Profile gaps can present an objective for the price to fill them (liquidity gaps, imbalances, inefficiencies, etc), and more.
Indicator settings
1. Session/Lookback - Choose the range from where the OI Profile will be generated
2. OI Profile Mode - Mode 1 (shows only OI increase), Mode 2 (shows both OI increase and decrease), Mode 3 (shows OI decrease on left side and OI increase on the right side).
3. Show OI Value Area - Shows the area where most OI activity took place (useful as a range or S/R level )
4. Show Session Box - Shows the box around chosen sessions/lookback
5. Show Profile - Show/hide OI Profile
6. Show Current Session - Show/hide the ongoing session
7. Show Session Labels - Show/hide the text labels for each session
8. Resolution - The higher the value, the more refined a profile is, but fewer profiles are shown on the chart
9. OI Value Area % - Choose the percentage of VA (same as in Volume Profile's VA)
10. Smooth OI Data - Useful for assets that have very large spikes in OI over large bars, helps create better profiles
11. OI Increase - Pick the color of OI increase nodes in the profile
12. OI Decrease - Pick the color of OI decrease nodes in the profile
13. Value Area Box - Pick the color of the Value Area Box
14. Session Box Thickness - Pick the thickness of the lines surrounding the chosen sessions
Advice
The indicator calculates the profile based on candles - the more candles you can show, the better profile will be formed. This means that it's best to view most sessions on timeframes like 15min or lower. The only exception is the Monthly profile, where timeframes above 15min should be used. Just take a few minutes and switch between timeframes and sessions and you will figure out the optimal settings.
This is the first version of Open Interest Profile script so please understand that it will be improved in future updates.
Thank you for your support.
** Some profile generation elements are inspired by @LonesomeTheBlue's volume profile script
Day Trading Booster by DGTTiming when day trading can be everything
In Stock markets typically more volatility (or price activity) occurs at market opening and closings
When it comes to Forex (foreign exchange market), the world’s most traded market, unlike other financial markets, there is no centralized marketplace, currencies trade over the counter in whatever market is open at that time, where time becomes of more importance and key to get better trading opportunities. There are four major forex trading sessions, which are Sydney , Tokyo , London and New York sessions
Forex market is traded 24 hours a day, 5 days a week across by banks, institutions and individual traders worldwide, but that doesn’t mean it’s always active the entire day. It may be very difficult time trying to make money when the market doesn’t move at all. The busiest times with highest trading volume occurs during the overlap of the London and New York trading sessions, because U.S. dollar (USD) and the Euro (EUR) are the two most popular currencies traded. Typically most of the trading activity for a specific currency pair will occur when the trading sessions of the individual currencies overlap. For example, Australian Dollar (AUD) and Japanese Yen (JPY) will experience a higher trading volume when both Sydney and Tokyo sessions are open
There is one influence that impacts Forex matkets and should not be forgotten : the release of the significant news and reports. When a major announcement is made regarding economic data, currency can lose or gain value within a matter of seconds
Cryptocurrency markets on the other hand remain open 24/7, even during public holidays
Until 2021, the Asian impact was so significant in Cryptocurrency markets but recent reasearch reports shows that those patterns have changed and the correlation with the U.S. trading hours is becoming a clear evolving trend.
Unlike any other market Crypto doesn’t rest on weekends, there’s a drop-off in participation and yet algorithmic trading bots and market makers (or liquidity providers) can create a high volume of activity. Never trust the weekend’ is a good thing to remind yourself
One more factor that needs to be taken into accout is Blockchain transaction fees, which are responsive to network congestion and can change dramatically from one hour to the next
In general, Cryptocurrency markets are highly volatile, which means that the price of a coin can change dramatically over a short time period in either direction
The Bottom Line
The more traders trading, the higher the trading volume, and the more active the market. The more active the market, the higher the liquidity (availability of counterparties at any given time to exit or enter a trade), hence the tighter the spreads (the difference between ask and bid price) and the less slippage (the difference between the expected fill price and the actual fill price) - in a nutshell, yield to many good trading opportunities and better order execution (a process of filling the requested buy or sell order)
The best time to trade is when the market is the most active and therefore has the largest trading volume, trading all day long will not only deplete a trader's reserves quickly, but it can burn out even the most persistent trader. Knowing when the markets are more active will give traders peace of mind, that opportunities are not slipping away when they take their eyes off the markets or need to get a few hours of sleep
What does the Day Trading Booster do?
Day Trading Booster is designed ;
- to assist in determining market peak times, the times where better trading opportunities may arise
- to assist in determining the probable trading opportunities
- to help traders create their own strategies. An example strategy of when to trade or not is presented below
For Forex markets specifically includes
- Opening channel of Asian session, Europien session or both
- Opening price, opening range (5m or 15m) and day (session) range of the major trading center sessions, including Frankfurt
- A tabular view of the major forex markets oppening/closing hours, with a countdown timer
- A graphical presentation of typically traded volume and various forext markets oppening/clossing events (not only the major markets but many other around the world)
For All type of markets Day Trading Booster plots
- Day (Session) Open, 5m, 15m or 1h Opening Range
- Day (Session) Referance Levels, based on Average True Range (ATR) or Previous Day (Session) Range (PH - PL)
- Week and Month Open
Day Trading Booster also includes some of the day trader's preffered indicaotrs, such as ;
- VWAP - A custom interpretaion of VWAP is presented here with Auto, Interactive and Manual anchoring options.
- Pivot High/Low detection - Another custom interpretation of Pivot Points High Low indicator.
- A Moving Average with option to choose among SMA, EMA, WMA and HMA
An example strategy - Channel Bearkout Strategy
When day trading a trader usually monitors/analyzes lower timeframe charts and from time to time may loose insight of what really happens on the market from higher time porspective. Do not to forget to look at the larger time frame (than the one chosen to trade with) which gives the bigger picture of market price movements and thus helps to clearly define the trend
Disclaimer : Trading success is all about following your trading strategy and the indicators should fit within your trading strategy, and not to be traded upon solely
The script is for informational and educational purposes only. Use of the script does not constitutes professional and/or financial advice. You alone the sole responsibility of evaluating the script output and risks associated with the use of the script. In exchange for using the script, you agree not to hold dgtrd TradingView user liable for any possible claim for damages arising from any decision you make based on use of the script
Price Average ZonesThis indicator shows the areas where LONGS or SHORTS can be made, the areas are calculated based on the mathematical averages of the high and low peaks of the price.
It also has a line that shows the average of the price movement. you can make shorts when the price enters the orange zone called the "Short Zone".
You can make longs when the price enters the orange zone called the sell zone.
It works in all timeframes, personally I use it in 1 min and in 1 hour.
Coin & market cap tableThis table was built specifically for the Crypto market.
It gives you a quick overview of the markets without having to scroll through numerous charts. The information is the overall markets daily change and the charts coins movement on a daily, weekly and monthly basis.
The weeks start on a Monday morning, the months start on the 1st of the month so this is last weeks data and last calendar months data.
It also gives you Bitcoins dominance. (Total2) you can change it to Bitcoin & Ethereum dominance (Total3)
Z Score BandThis is a band based on Z Score. What is Z Score? In layman's terms it's a method of finding outliers within a sequence of numbers. It's highly effective to quantify pump and dumps in the crypto market.
The middle line is a simple Exponential Moving Average, you can configure this with whatever period you prefer. It comes default with a period of 247 to which I find suitable for my style of trading. The upper and lower bound are determined by the standard deviation you choose in the settings, it comes with a default of 1.69 although I've heard people saying 2.5 is a better number to really pinpoint outliers.
Trading with this indicator is like trading with any band based indicator. The main difference is that this indicator's sole purpose when I wrote it is to help me find shorting positions in the futures market. On the contrary though, longs are also achievable although I rarely long the futures market.
If prices hit the upper bound and get rejected, it's probably because the move was an outlier, it doesn't happen often and when it does usually it reveals crypto's nature of buying spot and hedging short in the futures market. When prices stay above the upper bound, switch to a higher timeframe until we can see that it's still have some ways upwards.
What's true about using this as a shorting tool is also true with longs. However, it might not be as effective, I'd like to be proven wrong.
Crypto Market Breadth [QuantVue]15 top crypto tickers of your choosing. Just input your 15 favorite crypto markets in the settings.
Showing breadth of market as a percentage change to gauge buyers/sellers strength.
You can check this on the last day of the week and compare each daily bar to see if buyers are increasing/decreasing or sellers increasing/decreasing bars.
A reading above +2 is bullish , below -2 is bearish momentum, between +2 and -2 neutral.
Works best on daily charts .
Hope you enjoy!
*this will also work with stock tickers!
Beta ScreenerThis script allows you to screen up to 38 symbols for their beta. It also allows you to compare the list to not only SPY but also CRYPTO10! Features include custom time frame and custom colors.
Here is a refresher on what beta is:
Beta (β) is a measure of the volatility—or systematic risk—of a security or portfolio compared to the market as a whole (usually the S&P 500 ). Stocks with betas higher than 1.0 can be interpreted as more volatile than the S&P 500 .
Beta is used in the capital asset pricing model (CAPM), which describes the relationship between systematic risk and expected return for assets (usually stocks). CAPM is widely used as a method for pricing risky securities and for generating estimates of the expected returns of assets, considering both the risk of those assets and the cost of capital.
How Beta Works
A beta coefficient can measure the volatility of an individual stock compared to the systematic risk of the entire market. In statistical terms, beta represents the slope of the line through a regression of data points. In finance, each of these data points represents an individual stock's returns against those of the market as a whole.
Beta effectively describes the activity of a security's returns as it responds to swings in the market. A security's beta is calculated by dividing the product of the covariance of the security's returns and the market's returns by the variance of the market's returns over a specified period.
cov (a,b)/var(b)
Sw1tchFX - Average Daily RangeDESCRIPTION AND OVERVIEW
The Average Daily Range is a measure of volatility (typically across 5 days for the FX markets). I originally saw this being used in a trading system called ANTSSYS by Daryll Guppy and some other developers. I couldn't find it anywhere so I decided to build it from scratch.
What this does is allow you to measure volatility across various FX assets (I will apply other asset classes in the future that this is applicable to i.e. Crypto, Commodities, Blue Chip Stocks), and set realistic targets based off that volatility. Overall, this makes much more sense to me in the FX markets rather than support and resistance lines because it's based off the actual movement of the asset class. Market research shows that an asset class has a 80-85% chance to reach 75% of it's Average Daily Range (ADR).
Let's take a look at the daily ADR on the GBPNZD 15m chart. Notice how the values of the ADR act as real support and resistance based off the volatility of the asset. In this case, price did not quite reach the 75% ADR target.
Let's take a look at another example on EURNZD 15m chart. In this case, price hit the 75% target.
It's important to note that these levels do not bound the price. The probability that price exceeds it's 75% ADR is fairly low, but not impossible. Especially during important news events. Let's look at the recent USDCHF 15m chart for example.
Additionally, you can use these values to measure longer term movements (Weekly, and Monthly)
Here is a weekly view:
And a monthly view:
HOW I USE THIS
I use this in conjunction with some other indicators I've developed. Typically, I use range bars since I only care about price, not time. Additionally, averages are smoother when time is not taken into account and only price.
HOW THE CANDLE OPEN AND CLOSE IS CALCULATED
This is done based off of your own specific time zone and from the daily candle. So for me on PST, the daily candle will close at 1400. Once closed, a new ADR value is automatically calculated and added to the chart. There is an option to show past ADR values if you would like to see them or conduct additional research.
Price Action AverageThis indicator is perfect for scalping in 1 minute, it consists of a channel and a line that is made up of the average of the highs and lows of the price in 12 and 64 cycles.
The channel has as its center a 7 cycles SMA, when the average line (Called Signal, the purple one) crosses the upper band it is time to make a Long.
If it crosses the lower band it is time to make a short, if the line returns to the channel a signal appears to close the operation.
The indicator works with all timeframes, I use it on the 1 hour chart and I do the trades in 1 minute.
FieryTrading: Buy The Dip - Sell The RipDear Tradingview community,
Today I want to share a very powerful, yet easy to use indicator with you. The indicator will find local tops or bottoms and will help you determine when it's a good time to trade a potential reversal.
How does it work?
The indicator makes use of the RSI to detect extremities and waits until the RSI reverses. Furthermore, a long-term moving average is used to determine whether we're in bullish or bearish market conditions. In bullish conditions the indicator will only go long, in bearish conditions the indicator will only go short.
How do I use it?
Favorite the indicator and apply it to your chart! You can add an alert to the indicator to receive a message once it has detected a good point for a reversal trade.
The indicator can be used on all assets and on all timeframes. Personally, I've found the 1 - 4 hourly timeframes to yield the best results.
Good luck!
Rainbow ChannelI have designed this indicator with the idea of staying focused on the price during the corresponding trend, for this I have built a rainbow channel
The upper part of the channel is painted in colors during the uptrend, at this time the lower part turns gray to focus only on the longs signals
The lower part of the channel is painted in colors during the downtrend, at this time the upper part turns gray to focus only on the shorts signals
The signals are followed by a mark that indicates when to close that trade.
The indicator works with all timeframes, I use it on the 1 hour chart and I do the trades in 1 minute.
CREDITS:
- @DonovanWall for his study "Gaussian Channel " included in this script
- @Alex Orekhov (everget) for his study "HalfTrend" included in this script
Yield Curve (2-10yr)Yield curve of the 2-10 year US Treasury Bonds, with over 50 years of history.
The Yield Curve is the interest rate on the 10 year bond minus the 2 year bond.
When it inverts (crosses under 0) a recession usually follows 6-12 months later.
It's a great leading indicator to identify risk in the macroeconomic environment.
BTC's #4 Whale Sells [TheSecretGuy]Hello there !
I have been tracking BTC richests wallets for some time - and one of them seems to be aligning its sells pretty well with what the market is about to do.
BTC's Whale #3 (now Whale #4) has been selling his BTC in very crutial moments - therefore I felt that converting this into an indicator will give us a pretty visual feedback of what that Whale expects to happen at a given point.
In order to do that, I have listed manually all of his sells (dates) until today and placed a vertical line on the chart on each of these dates.
This sadly can't be automated as Pinescript language doesn't allow to reach outter data - I'd need to update this manually.
Hope this helps you a bit, Cheers!
Crypto-DX Crypto Directional Index [chhslai]Crypto-DX can be used to help measure the overall strength and direction of the crypto market trend.
Furthermore, it can be used as a screener to find out cryptocurrencies which are accumulating momentum and tends to potentially pump or dump.
How this indicator works :
If the Crypto-DX cross above the zero-level, it could be an indication that there is a trend reversal into upward. You should close your short position or place a long order right away.
If the Crypto-DX cross below the zero-level, it could be an indication that there is a trend reversal into downward. You should close your long position or place a short order right away.
If the Crypto-DX is consolidated around the zero-level, it could be an indication that the trend may be ended and followed by a sideway market. You are suggested not to place any order and wait for the market moves.
Divergence based trading strategy is fully applicable, just like the MACD.
Screener features :
Plot "Crypto Index" and "5 Custom Crypto"
Plot "Crypto Index" and "Top 30 Crypto"
