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The BTC1D Ribbon Corridor is a multi‑layered, Fibonacci‑based dynamic support/resistance strategy built for the BTC/USD daily chart. This strategy combines custom time‐decay logarithmic bands, polynomial trend forecasts, cycle detection, momentum cross-filters, and Monte Carlo–style projections into a cohesive framework designed to help traders visualize and backtest both mean‐reversion and breakout opportunities.
Key Components:
1. Time‑Weighted Logarithmic Fibonacci Corridor
Computes a dynamic ribbon of eight Fibonacci levels by fitting a log‐decay model to elapsed
time since July 19, 2010.
Intercepts and slopes for support/resistance lines are calibrated via cumulative functions, producing bands that adapt to BTC’s long‑term growth cycle.
2. Polynomial Regression Price Law
Applies a log‑law regression to model BTC’s macro‑trend “price law,” generating center lines and shaded corridors.
Overlays future projections, giving traders visual insight into expected growth paths under historical volatility.
3. Cycle Peak & Bear/Bull Filters
Detects cycle peaks and bottoms using SMA and EMA filters, marking these events with vertical lines and backgrounds.
Applies a color‑gradient background to price bars, dynamically mapping Risk as a 10‑band spectrum—highlighting low (deep blue) through high (bright red) zones.
4. Momentum & Trend‑Filter Strategy Logic
Long Entry when the Risk oscillator dips below 1 (deep blue) and price is below the polynomial support line, signaling oversold mean‑reversion.
Close Long when Risk oscillator exceeds 9 (bright red), or when MA cross signals trend exhaustion.
Bear Market Long entries trigger on aligned short‑term SMA/VWMA and price/VWMA crossovers, offering tactical bull‑market hedges during corrective phases.
Integrated ADX and MA‑spread filters prevent entries during low‑volatility or sideways regimes.
5. Monte Carlo–Style Forecasting
Offers two forecasting modes:
Normal: simulates price paths via Gaussian log‑returns over a user‑set “reference size” (bars) and “forecast length,” plotting best‑/worst‑case envelopes.
Bootstrap: resamples historical log‑returns for faster, lighter projections.
6. Table of live strategy performance
(Realized %, Open %, Total %) embedded top‑right for deeper testing and clarity.
How to Use
Apply to BTCUSD, 1D timeframe.
Configure Date Filters: Default start is Jan 1, 2010; you may adjust “Start Date” and “End Date” under Fib Corridor inputs to focus on specific market cycles.
Forecast Settings: Under the Forecast group, select “Normal” or “Bootstrap,” simulation count, back‑reference size, and forecast length. Toggle “Show Best Case/Worst Case Only” for clarity.
Interpret Bands & Colors:
Thick red/green outer lines mark long‑term log‑law support/resistance.
Inner black lines reflect Fibonacci splits of the log‑decay corridor.
Price bars colored blue→red indicate normalized Risk state.
No existing public script (as far as I am aware) unifies time‑decay Fibonacci corridors, polynomial trend laws, clear cycle labeling, volumetric VWMA filters, oscillator‑based mean reversion, and Monte Carlo projections into one strategy. Every component is crafted to interoperate: the dynamic bands define structural bias; the oscillator times entries; and the simulation engine visualizes potential outcomes. This depth of integration and forward‑projected logic was carefully put together to embody a principled approach to BTC’s unique market dynamics.
I hope you enjoy the insights this strategy offers, I had a lot of fun making it. Feel free to leave any recommendations or criticisms in the comments :)
Happy Trading!
Key Components:
1. Time‑Weighted Logarithmic Fibonacci Corridor
Computes a dynamic ribbon of eight Fibonacci levels by fitting a log‐decay model to elapsed
time since July 19, 2010.
Intercepts and slopes for support/resistance lines are calibrated via cumulative functions, producing bands that adapt to BTC’s long‑term growth cycle.
2. Polynomial Regression Price Law
Applies a log‑law regression to model BTC’s macro‑trend “price law,” generating center lines and shaded corridors.
Overlays future projections, giving traders visual insight into expected growth paths under historical volatility.
3. Cycle Peak & Bear/Bull Filters
Detects cycle peaks and bottoms using SMA and EMA filters, marking these events with vertical lines and backgrounds.
Applies a color‑gradient background to price bars, dynamically mapping Risk as a 10‑band spectrum—highlighting low (deep blue) through high (bright red) zones.
4. Momentum & Trend‑Filter Strategy Logic
Long Entry when the Risk oscillator dips below 1 (deep blue) and price is below the polynomial support line, signaling oversold mean‑reversion.
Close Long when Risk oscillator exceeds 9 (bright red), or when MA cross signals trend exhaustion.
Bear Market Long entries trigger on aligned short‑term SMA/VWMA and price/VWMA crossovers, offering tactical bull‑market hedges during corrective phases.
Integrated ADX and MA‑spread filters prevent entries during low‑volatility or sideways regimes.
5. Monte Carlo–Style Forecasting
Offers two forecasting modes:
Normal: simulates price paths via Gaussian log‑returns over a user‑set “reference size” (bars) and “forecast length,” plotting best‑/worst‑case envelopes.
Bootstrap: resamples historical log‑returns for faster, lighter projections.
6. Table of live strategy performance
(Realized %, Open %, Total %) embedded top‑right for deeper testing and clarity.
How to Use
Apply to BTCUSD, 1D timeframe.
Configure Date Filters: Default start is Jan 1, 2010; you may adjust “Start Date” and “End Date” under Fib Corridor inputs to focus on specific market cycles.
Forecast Settings: Under the Forecast group, select “Normal” or “Bootstrap,” simulation count, back‑reference size, and forecast length. Toggle “Show Best Case/Worst Case Only” for clarity.
Interpret Bands & Colors:
Thick red/green outer lines mark long‑term log‑law support/resistance.
Inner black lines reflect Fibonacci splits of the log‑decay corridor.
Price bars colored blue→red indicate normalized Risk state.
No existing public script (as far as I am aware) unifies time‑decay Fibonacci corridors, polynomial trend laws, clear cycle labeling, volumetric VWMA filters, oscillator‑based mean reversion, and Monte Carlo projections into one strategy. Every component is crafted to interoperate: the dynamic bands define structural bias; the oscillator times entries; and the simulation engine visualizes potential outcomes. This depth of integration and forward‑projected logic was carefully put together to embody a principled approach to BTC’s unique market dynamics.
I hope you enjoy the insights this strategy offers, I had a lot of fun making it. Feel free to leave any recommendations or criticisms in the comments :)
Happy Trading!
Nota Keluaran
Updated chart and settings to be less cluttered. Other updates soon to come!Nota Keluaran
Added the following:1. Market Structure (MS) Breaks
• Tracks lower‑low pivots to determine market‑structure reversals.
• Marks confirmed breaks of prior lows on the chart when price closes beyond the last pivot.
2, Error Table
• Informs the user if they are using the incorrect symbol or timeframe.
Nota Keluaran
Added labels that inform the user of manual buying opportunities when price dips "significantly" below the Long entry.Improved exit signals slightly.
Nota Keluaran
Added a simple mode which disables most visual elements to provide a more simple chart which some users may find less distracting.Added Dynamic supply and demand levels that are formed by major points of interest.
Improved input settings layout.
Nota Keluaran
Added the ability to limit trades during a bear market.Improved Forecast simulation accuracy.
Nota Keluaran
- Fixed issue with Simple Mode that caused the Average Forecast to become invisible.- Minor bug fixes
Nota Keluaran
Minor bug fixesI only really "made" this for my brother, I hope anyone who finds it enjoys nonetheless.
I'm honestly kind of a noob, my brother just really wanted a strategy made by me for bitcoin.
I sincerely apologize if I upset anyone by drawing inspiration from their work. Please contact me if i have done so, again I apologize and I will promptly remove it.
To TradingView: Please don't ban me if I did something wrong, I love this platform and just wanted to make this for my brother. If I have done something wrong please remove this script, I kinda hope nobody else uses it but if the do I hope they enjoy it and it helps them make more informed trades.
/ Credits to the creators that inspired this: ALL CREDIT GOES TO THESE GIFTED INDIVIDUALS
// Bitcoin Fibonacci Log Regression - Made by: Riester
// Guassian Distribution Forecast [prediction intervals] - Made by: Amjad_S
// Monte Carlo (Polyline Traceback) [Kioseff Trading] - Made by: Kioseff Trading
// Pi Cycle - Made by: megasyl20
// BTC Risk Metric - Made by: Skywalking2874
// Breakout Trend Follower Strategy - Made by: Millerrh
// DIY Custom Strategy Builder [ZP] - v1 - Made by: zpayab
Nota Keluaran
minor updatesNota Keluaran
Updated strategy be more reliable in unpredictable markets.Skrip dilindungi
Skrip ini diterbitkan sebagai sumber tertutup. Akan tetapi, anda boleh menggunakannya dengan percuma dan tanpa had – ketahui lebih lanjut di sini.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Skrip dilindungi
Skrip ini diterbitkan sebagai sumber tertutup. Akan tetapi, anda boleh menggunakannya dengan percuma dan tanpa had – ketahui lebih lanjut di sini.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.