OPEN-SOURCE SCRIPT

Big Move Follow-Through Tracker

258
🚀 What This Indicator Does
Ever wondered if that sudden 5% pump in your favorite crypto will continue or just fade away? This powerful indicator automatically tracks every significant price move and tells you exactly what happened next - momentum continuation or mean reversion.
🎯 Key Features
📊 Smart Move Detection

Automatically identifies "big moves" based on your custom threshold (default 3%)
Uses ATR filtering to ensure moves are truly significant, not just normal volatility
Works on ANY timeframe and ANY crypto pair

🔍 Follow-Through Analysis

Tracks each big move for your specified number of bars (default 5)
Classifies outcomes as either Follow-Through (momentum continues) or Mean Reversion (price reverses)
Uses intelligent 2% thresholds to avoid noise and focus on meaningful moves

📈 Real-Time Statistics Dashboard

Live statistics table showing historical performance
Separate analysis for UP moves vs DOWN moves (crypto often behaves differently!)
Percentage breakdowns of follow-through vs reversion rates
Track total moves detected vs analyzed over time

🎨 Visual Clarity

Clear arrow signals when big moves are detected
Background highlighting during significant moves
Customizable display options - show/hide signals and stats as needed

🛠️ How to Use

Add to any crypto chart (works on BTC, ETH, altcoins, etc.)
Adjust the move threshold (3% for major coins, higher for smaller caps)
Set analysis timeframe (how many bars to track each move)
Watch the statistics build over time to understand your asset's behavior

💡 Trading Applications
For Momentum Traders:

High follow-through rates? → Consider riding the momentum
Trade in direction of big moves when statistics support it

For Mean Reversion Traders:

High reversion rates? → Look for fade opportunities
Counter-trade big moves when they historically reverse

For Risk Management:

Understand typical behavior after significant moves
Size positions based on historical follow-through probabilities

📋 Customizable Settings

Big Move Threshold: Adjust sensitivity (0.5% - 10%)
Analysis Period: How long to track each move (3-20 bars)
Display Options: Toggle signals and statistics table
Alert System: Get notified when big moves occur

🎲 What Makes This Different
Unlike simple momentum indicators, this tool:

✅ Quantifies actual outcomes with real statistics
✅ Adapts to each asset's unique volatility profile
✅ Separates up and down move behavior
✅ Provides actionable probability data

📊 Perfect For

Crypto day traders looking for edge identification
Swing traders wanting to understand momentum vs reversion tendencies
Risk managers needing probability-based position sizing
Strategy developers building data-driven trading systems

⚡ Quick Setup Tips
For Major Cryptos (BTC, ETH): Use 2-4% threshold
For Altcoins: Use 4-8% threshold
For Scalping: Use lower timeframes with 1-2% threshold
For Swing Trading: Use higher timeframes with 5%+ threshold

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.