Trend-Based Tops and BottomsTrend-Based Tops and Bottoms - Description Détaillée
Cet indicateur, souvent utilisé pour repérer des configurations importantes de tendance sur le graphique, est conçu pour identifier les points hauts et bas de tendance. Contrairement à un simple suivi des plus hauts et bas locaux (comme avec les retracements de Fibonacci), cet indicateur se base sur des règles spécifiques de confirmation de tendance pour déceler des sommets et creux pertinents. Voici les détails :
Fonctionnalités Principales
Détection des Sommets et Creux Basés sur la Tendance :
Identifie automatiquement les tournants significatifs de la tendance selon une logique de confirmation :
Un sommet est confirmé lorsque le prix baisse après un point haut, atteignant un niveau inférieur.
Un creux est confirmé lorsque le prix monte après un point bas, atteignant un niveau supérieur.
Flexibilité des Paramètres :
L’utilisateur peut définir des seuils spécifiques pour identifier un sommet ou un creux, comme :
Le nombre de bougies avant de confirmer une cassure.
L’amplitude minimale du mouvement en pourcentage ou en points.
Affichage Visuel Direct sur le Graphique :
Trace des icônes distinctes (comme des triangles ou des cercles) pour marquer les sommets (hauts) et les creux (bas).
Adaptation Multi-Temporalité :
Convient à toutes les unités de temps (Daily, 15H, 4H, etc.) et s’ajuste automatiquement à la période choisie.
Signalisation des Points Importants :
Fournit des alertes ou marqueurs visuels pour les sommets ou creux de tendance confirmés.
Utilisation Pratique
Détection des Points de Retournement :
Les sommets et creux identifiés peuvent être utilisés pour prévoir des retournements potentiels de tendance.
Planification de Stratégies :
Sert de base pour des stratégies comme les cassures de ligne de tendance ou les retracements.
Support à l’Analyse Technique :
Complète d’autres outils comme les supports/résistances, les bandes de Bollinger, ou les oscillateurs.
Explications Techniques
L’indicateur fonctionne selon les principes suivants :
Sommets de Tendance (Tops) :
Un sommet est confirmé lorsque :
Le prix atteint un point haut local.
Le prix baisse ensuite en cassant une structure ascendante.
L’amplitude de la baisse est supérieure à un seuil configurable.
Creux de Tendance (Bottoms) :
Un creux est confirmé lorsque :
Le prix atteint un point bas local.
Le prix monte ensuite en cassant une structure descendante.
L’amplitude de la hausse est supérieure à un seuil configurable.
Paramètres Personnalisables :
L’utilisateur peut ajuster les paramètres suivants :
Lookback Periods : Nombre de bougies analysées pour repérer les sommets/creux.
Thresholds : Niveau minimal de changement de prix (en pourcentage ou points).
Bougies de Confirmation : Nombre de bougies nécessaires pour confirmer un sommet ou un creux.
Visualisation sur le Graphique :
Les sommets sont marqués par des icônes (par exemple, des triangles rouges).
Les creux sont marqués par d’autres icônes (par exemple, des triangles verts).
BTCUSD
WhaleWizardBot (v1) by W2_Indicators (limited version)Description:
This script replicates historical trading signals generated by a highly advanced quantitative trading system currently running live.
The development of this system has taken over 2 years of rigorous research and implementation. Leveraging cutting-edge methodologies in quantitative analysis and machine learning, it processes vast amounts of market data to generate these signals.
Exclusive and Powerful:
The computational requirements to generate these signals are extremely demanding, utilizing high-performance computing resources. Because of this, the algorithm is currently for private use only and is not available for public distribution at this time.
Future Availability:
There may be a limited distribution of this system in the future under a highly exclusive subscription model. Due to the power and precision of this system, the subscription cost would be set at approximately 10,000 USD per month per user (with a very limited set of users).
Contact Information:
For inquiries about this algorithm, future availability, or partnerships, please feel free to reach out: undermetrics at gmail.com
or on x/twitter: x.com
Swing High/Low Pivots Strategy [LV]The Swing High/Low Pivots Strategy was developed as a counter-momentum trading tool.
The strategy is suitable for any market and the default values used in the input settings menu are set for Bitcoin (best on 15min). These values, expressed in minimum ticks (or pips if symbol is Forex) make this tool perfectly adaptable to every symbol and/or timeframe.
Check tooltips in the settings menu for more details about every user input.
STRTEGY ENTRY & EXIT MECHANISMS:
Trades Entry based on the detection of swing highs and lows for short and long entries respectively, validated by:
- Limit orders placed after each new pivot level confirmation
- Moving averages trend filter (if enabled)
- No active trade currently open
Trades Exit when the price reaches take-profit or stop-loss level as defined in the settings menu. A double entry/second take-profit level can be enabled for partial exits, with dynamic stop-loss adjustment for the remaining position.
Enhanced Trade Precision:
By limiting entries to confirmed swing high (HH, LH) or swing low (HL, LL) pivot points, the strategy ensures that trades occur at levels of significant price reversals. This precision reduces the likelihood of entering trades in the midst of a trend or during uncertain price action.
Risk Management Optimization:
The strategy incorporates clearly defined stop-loss (SL) and take-profit (TP) levels derived from the pivot points. This structured approach minimizes potential losses while locking in profits, which is critical for consistent performance in volatile markets.
Trend Filtering for Better Entry:
The use of a configurable moving average filter adds a layer of trend validation. This prevents entering trades against the dominant market trend, increasing the probability of success for each trade.
Avoidance of Noise:
The lookback period (length parameter) confirms pivots only after a set number of bars, effectively filtering out market noise and ensuring that entries are based on reliable, well-defined price movements.
Adaptability Across Markets:
The strategy is versatile and can be applied across different markets (Forex, stocks, crypto) due to its dynamic use of ticks and pips converters. It adapts seamlessly to varying price scales and asset types.
Dual Quantity Entries:
The original and optionnal double-entry mechanism allows traders to capture both short-term and extended profits by scaling out of positions. This adaptive approach caters to varying risk appetites and market conditions.
Clear Visualization:
The plotted pivot points, entry limits, SL, and TP levels provide visual clarity, making it easy for traders to track the strategy's behavior and make informed decisions.
Automated Execution with Alerts:
Integrated alerts for both entries and exits ensure timely actions without the need for constant market monitoring, enhancing efficiency. Configurable alert messages are suitable for API use.
Any feedback, comments, or suggestions for improvement are always welcome.
Hope you enjoy!
Cabal Dev IndicatorThis is a TradingView Pine Script (version 6) that creates a technical analysis indicator called the "Cabal Dev Indicator." Here's what it does:
1. Core Functionality:
- It calculates a modified version of the Stochastic Momentum Index (SMI), which is a momentum indicator that shows where the current close is relative to the high/low range over a period
- The indicator combines elements of stochastic oscillator calculations with exponential moving averages (EMA)
2. Key Components:
- Uses configurable input parameters for:
- Percent K Length (default 15)
- Percent D Length (default 3)
- EMA Signal Length (default 15)
- Smoothing Period (default 5)
- Overbought level (default 40)
- Oversold level (default -40)
3. Calculation Method:
- Calculates the highest high and lowest low over the specified period
- Finds the difference between current close and the midpoint of the high-low range
- Applies EMA smoothing to both the range and relative differences
- Generates an SMI value and further smooths it using a simple moving average (SMA)
- Creates an EMA signal line based on the smoothed SMI
4. Visual Output:
- Plots the smoothed SMI line in green
- Plots an EMA signal line in red
- Shows overbought and oversold levels as gray horizontal lines
- Fills the areas above the overbought level with light red
- Fills the areas below the oversold level with light green
This indicator appears designed to help traders identify potential overbought and oversold conditions in the market, as well as momentum shifts, which could be used for trading decisions.
Would you like me to explain any specific part of the indicator in more detail?
Adapted RSI w/ Multi-Asset Regime Detection v1.1The relative strength index (RSI) is a momentum indicator used in technical analysis. RSI measures the speed and magnitude of an asset's recent price changes to detect overbought or oversold conditions in the price of said asset.
In addition to identifying overbought and oversold assets, the RSI can also indicate whether your desired asset may be primed for a trend reversal or a corrective pullback in price. It can signal when to buy and sell.
The RSI will oscillate between 0 and 100. Traditionally, an RSI reading of 70 or above indicates an overbought condition. A reading of 30 or below indicates an oversold condition.
The RSI is one of the most popular technical indicators. I intend to offer a fresh spin.
Adapted RSI w/ Multi-Asset Regime Detection
Our Adapted RSI makes necessary improvements to the original Relative Strength Index (RSI) by combining multi-timeframe analysis with multi-asset monitoring and providing traders with an efficient way to analyse market-wide conditions across different timeframes and assets simultaneously. The indicator automatically detects market regimes and generates clear signals based on RSI levels, presenting this data in an organised, easy-to-read format through two dynamic tables. Simplicity is key, and having access to more RSI data at any given time, allows traders to prepare more effectively, especially when trading markets that "move" together.
How we calculate the RSI
First, the RSI identifies price changes between periods, calculating gains and losses from one look-back period to the next. This look-back period averages gains and losses over 14 periods, which in this case would be 14 days, and those gains/losses are calculated based on the daily closing price. For example:
Average Gain = Sum of Gains over the past 14 days / 14
Average Loss = Sum of Losses over the past 14 days / 14
Then we calculate the Relative Strength (RS):
RS = Average Gain / Average Loss
Finally, this is converted to the RSI value:
RSI = 100 - (100 / (1 + RS))
Key Features
Our multi-timeframe RSI indicator enhances traditional technical analysis by offering synchronised Daily, Weekly, and Monthly RSI readings with automatic regime detection. The multi-asset monitoring system allows tracking of up to 10 different assets simultaneously, with pre-configured major pairs that can be customised to any asset selection. The signal generation system provides clear market guidance through automatic regime detection and a five-level signal system, all presented through a sophisticated visual interface with dynamic RSI line colouring and customisable display options.
Quick Guide to Use it
Begin by adding the indicator to your chart and configuring your preferred assets in the "Asset Comparison" settings.
Position the two information tables according to your preference.
The main table displays RSI analysis across three timeframes for your current asset, while the asset table shows a comparative analysis of all monitored assets.
Signals are colour-coded for instant recognition, with green indicating bullish conditions and red for bearish conditions. Pay special attention to regime changes and signal transitions, using multi-timeframe confluence to identify stronger signals.
How it Works (Regime Detection & Signals)
When we say 'Regime', a regime is determined by a persistent trend or in this case momentum and by leveraging this for RSI, which is a momentum oscillator, our indicator employs a relatively simple regime detection system that classifies market conditions as either Bullish (RSI > 50) or Bearish (RSI < 50). Our benchmark between a trending bullish or bearish market is equal to 50. By leveraging a simple classification system helps determine the probability of trend continuation and the weight given to various signals. Whilst we could determine a Neutral regime for consolidating markets, we have employed a 'neutral' signal generation which will be further discussed below...
Signal generation occurs across five distinct levels:
Strong Buy (RSI < 15)
Buy (RSI < 30)
Neutral (RSI 30-70)
Sell (RSI > 70)
Strong Sell (RSI > 85)
Each level represents different market conditions and probability scenarios. For instance, extreme readings (Strong Buy/Sell) indicate the highest probability of mean reversion, while neutral readings suggest equilibrium conditions where traders should focus on the overall regime bias (Bullish/Bearish momentum).
This approach offers traders a new and fresh spin on a popular and well-known tool in technical analysis, allowing traders to make better and more informed decisions from the well presented information across multiple assets and timeframes. Experienced and beginner traders alike, I hope you enjoy this adaptation.
Simple Moving Average with Regime Detection by iGrey.TradingThis indicator helps traders identify market regimes using the powerful combination of 50 and 200 SMAs. It provides clear visual signals and detailed metrics for trend-following strategies.
Key Features:
- Dual SMA System (50/200) for regime identification
- Colour-coded candles for easy trend visualisation
- Metrics dashboard
Core Signals:
- Bullish Regime: Price < 200 SMA
- Bearish Regime: Price > 200 SMA
- Additional confirmation: 50 SMA Cross-over or Cross-under (golden cross or death cross)
Metrics Dashboard:
- Current Regime Status (Bull/Bear)
- SMA Distance (% from price to 50 SMA)
- Regime Distance (% from price to 200 SMA)
- Regime Duration (bars in current regime)
Usage Instructions:
1. Apply the indicator to your chart
2. Configure the SMA lengths if desired (default: 50/200)
3. Monitor the color-coded candles:
- Green: Bullish regime
- Red: Bearish regime
4. Use the metrics dashboard for detailed analysis
Settings Guide:
- Length: Short-term SMA period (default: 50)
- Source: Price calculation source (default: close)
- Regime Filter Length: Long-term SMA period (default: 200)
- Regime Filter Source: Price source for regime calculation (default: close)
Trading Tips:
- Use bullish regimes for long positions
- Use bearish regimes for capital preservation or short positions
- Consider regime duration for trend strength
- Monitor distance metrics for potential reversals
- Combine with other systems for confluence
#trend-following #moving average #regime #sma #momentum
Risk Management:
- Not a standalone trading system
- Should be used with proper position sizing
- Consider market conditions and volatility
- Always use stop losses
Best Practices:
- Monitor multiple timeframes
- Use with other confirmation tools
- Consider fundamental factors
Version: 1.0
Created by: iGREY.Trading
Release Notes
// v1.1 Allows table overlay customisation
// v1.2 Update to v6 pinescript
Bitcoin Cycle [BigBeluga]Bitcoin Cycle Indicator is designed exclusively for analyzing Bitcoin’s long-term market cycles, working only on the 1D BTC chart . This indicator provides an in-depth view of potential cycle tops and bottoms, assisting traders in identifying key phases in Bitcoin’s market evolution.
🔵 Key Features:
Heatmap Cycle Phases: The indicator colors each cycle from blue to red , reflecting Bitcoin’s market cycle progression. Cooler colors (blue/green) signal potential accumulation or early growth phases, while warmer colors (yellow/red) indicate maturation and potential top regions.
All-Time High (ATH) and Future ATH Projection: Tracks the current ATH in real-time, while applying a linear regression model to project a possible new ATH in the future. This projection aims to provide insights into the next major cycle peak for long-term strategy.
Dashboard Overview: Displays the current ATH, potential new ATH, and the percentage distance between them. This helps users assess how far the current price is from the projected target.
Top & Bottom Cycle Signals: Red down arrows mark significant price peaks, potentially indicating cycle tops. Up arrows, numbered sequentially (inside each cycle), denote possible bottom signals for strategic DCA (Dollar Cost Averaging) entries.
1D BTC Chart Only: Built solely for the 1D BTC timeframe. Switching to any other timeframe or asset will trigger a warning message: " BTC 1D Only ." This ensures accuracy in analyzing Bitcoin’s unique cyclical behavior.
🔵 When to Use:
Ideal for long-term Bitcoin investors and cycle analysts, the Bitcoin Cycle Indicator empowers users to:
Identify key accumulation and distribution phases.
Track Bitcoin’s cyclical highs and lows with visual heatmap cues.
Estimate future potential highs based on historical patterns.
Strategize long-term positions by monitoring cycle tops and possible accumulation zones.
By visualizing Bitcoin’s cycles with color-coded clarity and top/bottom markers, this indicator is an essential tool for any BTC analyst aiming to navigate market cycles effectively.
Sharpe Ratio Z-ScoreThe "Sharpe Ratio Z-Score" indicator is a powerful tool designed to measure risk-adjusted returns in financial assets. This script helps investors evaluate the performance of a security relative to its risk, using a Z-score based modification of the Sharpe Ratio. The indicator is suitable for assessing market environments and understanding periods of underperformance or overperformance relative to historical standards.
Features:
Risk Assessment and Scaling: The indicator calculates a modified version of the Sharpe Ratio
over a user-defined period. By using scaling and mean offset adjustments, it allows for better
fitting to different market conditions.
Customizable Settings:
Period Length: The number of bars used to calculate the Sharpe Ratio.
Mean Adjustment: Offset value to adjust the average return of the calculated Sharpe ratio.
Scale Factor: A multiplier for emphasizing or reducing the calculated score's impact.
Line Color: Easily customize the plot's appearance.
Visual Cues:
Plots horizontal lines and fills specific regions to visually represent significant Z-score levels.
Highlighted zones include risk thresholds, such as overbought (positive Z-scores) and oversold
(negative Z-scores) areas, using intuitive color fills:
Green for areas below -0.5 (potential buy opportunities).
Red for areas above 0.5 (potential sell opportunities).
Yellow for neutral zones between -0.5 and 0.5.
Use Cases:
Risk-Adjusted Decision Making: Understand when returns are favorable compared to risk, especially during volatile market conditions.
Timing Reversion to Mean: Use highlighted zones to identify potential reversion-to-mean scenarios.
Trend Analysis: Identify times when an asset's performance is significantly deviating from its
average risk-adjusted return.
How It Works:
The script computes the daily returns over a set period, calculates the standard deviation of
those returns, and then applies a modified Sharpe Ratio approach. The Z-score transformation
helps to visualize how far an asset's risk-adjusted return deviates from its historical average.
This "Sharpe Ratio Z-Score" indicator is well-suited for investors seeking to combine quantitative metrics with visual cues, enhancing decision-making for long and short positions while maintaining a risk-adjusted perspective.
Multi-Timeframe RangeThe Multi-Timeframe Range Indicator is designed for traders looking to monitor key price levels across various timeframes (Daily, Weekly, Monthly, Quarterly, and Yearly) directly on their charts. This indicator draws boxes and mid-lines for each timeframe’s high, low, and midpoint, enabling users to visualize price ranges and assess potential areas of support and resistance more effectively.
Features:
Dynamic Range Boxes: Displays the high, low, and midpoint levels for each specified timeframe, with customizable colors for easy differentiation.
Visual Cues for Monday’s Levels: Highlights Monday’s high, low, and midpoint levels each week to support intraday trading setups and weekly trend analysis.
Multi-Timeframe Flexibility: Easily toggle between timeframes to view ranges from daily to yearly, making this indicator suitable for both short-term and long-term traders.
Ideal Use Cases:
Identify key support and resistance zones based on multiple timeframes.
Assess weekly and monthly trends using the Monday range levels.
Gain insights into market structure across various timeframes.
Point and Figure Displacement IndicatorThe PnF Displacement indicator is my custom script for TradingView, designed to analyze Point and Figure (PnF) charts with displacement features.
Key components of the script include:
User Inputs:
Require FVG: A boolean input to determine if a Fair Value Gap (FVG) is required for displacement calculations.
Displacement Type: Allows users to choose between "Open to Close" and "High to Low" for column range calculations.
Displacement Length: Defines how far back to look for calculating the standard deviation of the column range.
Displacement Strength: Multiplier for the standard deviation to adjust sensitivity.
Box Size: Sets the size of each box in the PnF chart.
Number of Boxes for Minimum Displacement: Specifies how many boxes to consider for calculating the minimum displacement.
Displacement Logic:
The script calculates the column range based on the selected displacement type.
It computes a standard deviation of the candle range and determines a minimum displacement based on user-defined box size and count.
The displacement condition combines the FVG check and the column range against the calculated minimum.
Visual Representation:
The bars are colored based on displacement conditions, enhancing visual analysis on the chart.
This indicator aids traders in identifying significant price movements in PnF charts while incorporating user customization options for better analysis.
Leonid's Bitcoin Sharpe RatioThe Sharpe ratio is an old formula used to value the risk-adjusted return of an asset. It was developed by Nobel Laureate William F. Sharpe. In this case, I have applied it to Bitcoin with an adjustable look-back date.
The Sharpe Ratio shows you the average return earned after subtracting out the risk-free rate per unit of volatility (I've defaulted this to 0.02 ).
Volatility is a measure of the price fluctuations of an asset or portfolio. Subtracting the risk-free rate from the mean return allows you to understand what the extra returns are for taking the risk.
If the indicator is flashing red, Bitcoin is temporarily overbought (expensive).
If the indicator is flashing green, Bitcoin is temporarily oversold (cheap).
The goal of this indicator is to signal out local tops & bottoms. It can be adjusted as far as the lookback time but I have found 25-26 days to be ideal.
Relative volume zone + Smart Order Flow Dynamic S/ROverview:
The Relative Volume Zone + Smart Order Flow with Dynamic S/R indicator is designed to help traders identify key trading opportunities by combining multiple technical components. This script integrates relative volume analysis, order flow detection, VWAP, RSI filtering, and dynamic support and resistance levels to offer a comprehensive view of the market conditions. It is particularly effective on shorter timeframes (M5, M15), making it suitable for scalping and day trading strategies.
Key Components:
1. Relative Volume Zones:
• The script calculates the relative volume by comparing the current volume with the average volume over a defined lookback period (volLookback). When the relative volume exceeds a specified multiplier (volMultiplier), it indicates a high volume zone, signaling potential accumulation or distribution areas.
• Purpose: Identifies high-volume trading zones that may act as significant support or resistance, indicating possible entry or exit points.
2. Smart Order Flow Analysis:
• The indicator uses Volume Delta (the difference between buying and selling volume) and a Cumulative Delta to detect order imbalances in the market.
• Order Imbalance is identified using a moving average of the Volume Delta (orderImbalance), which helps highlight hidden buying or selling pressure.
• Purpose: Reveals market sentiment by showing whether buyers or sellers dominate the market, aiding in the identification of trend reversals or continuations.
3. VWAP (Volume Weighted Average Price):
• VWAP is calculated over a default daily length (vwapLength) to show the average price a security has traded at throughout the day, based on both volume and price.
• Purpose: Provides insight into the fair value of the asset, indicating whether the market is in an accumulation or distribution phase.
4. RSI (Relative Strength Index) Filter:
• RSI is used to filter buy and sell signals, preventing trades in overbought or oversold conditions. It is calculated using a specified period (rsiPeriod).
• Purpose: Reduces false signals and improves trade accuracy by only allowing trades when RSI conditions align with volume and order flow signals.
5. Dynamic Support and Resistance Levels:
• The script dynamically plots support and resistance levels based on recent swing highs and lows (swingLookback).
• Purpose: Identifies potential reversal zones where price action may change direction, allowing for more precise entry and exit points.
How It Works:
• Buy Signal:
A buy signal is generated when:
• The price enters a high-volume zone.
• The price crosses above a 5-period moving average.
• The cumulative delta shows more buying pressure (cumulativeDelta > SMA of cumulativeDelta).
• The RSI is below 70 (not in overbought conditions).
• Sell Signal:
A sell signal is generated when:
• The price enters a high-volume zone.
• The price crosses below a 5-period moving average.
• The cumulative delta shows more selling pressure (cumulativeDelta < SMA of cumulativeDelta).
• The RSI is above 30 (not in oversold conditions).
• Dynamic Support and Resistance Lines:
Drawn based on recent swing highs and lows, these lines provide context for potential price reversals or breakouts.
• VWAP and Order Imbalance Lines:
Plotted to show the average traded price and highlight order flow shifts, helping to validate buy/sell signals.
How to Use:
1. Apply the Indicator:
Add the script to your chart and adjust the settings to match your trading style and preferred timeframe (optimized for M5/M15).
2. Interpret the Signals:
Use the buy and sell signals in conjunction with dynamic support/resistance, VWAP, and order imbalance lines to identify high-probability trade setups.
3. Monitor Alerts:
Set alerts for significant order flow events to receive notifications when there is a positive or negative order imbalance, indicating potential market shifts.
What Makes It Unique:
This script is unique because it combines multiple market analysis tools — relative volume zones, smart order flow, VWAP, RSI filtering, and dynamic support/resistance — to provide a well-rounded, multi-dimensional view of the market. This integration allows traders to make more informed decisions by validating signals across various indicators, enhancing overall trading accuracy and effectiveness.
BTC Arcturus IndicatorBTC Arcturus Indicator: This indicator is designed to create buy and sell signals based on the market value of Bitcoin. It also predicts potential market tops with the Pi Cycle Top indicator.
How Does It Work?
1. MVRVZ (Market Value to Realized Value-Z Score) Calculation:
MC: Bitcoin's market cap (Market Cap) is pulled daily from Glassnode data.
MCR: Realized Market Cap of Bitcoin is taken daily from Coinmetrics data.
MVRVZ: It is calculated by dividing the difference between Bitcoin's market value and realized market value by one standard deviation. This value indicates whether the market is overvalued or undervalued.
2. Reception and Warning Signals:
Buy Signal: When MVRVZ falls below the -0.255 threshold value, the indicator gives a "Buy" signal. This indicates that Bitcoin is undervalued and may be a buying opportunity.
Warning Signal: A warning signal turns on when MVRVZ exceeds the threshold value of 2.765. This indicates that the market is approaching saturation and caution is warranted.
3. Tracking the Highest MVRVZ Value:
The indicator records the highest MVRVZ value in the last 10 candlesticks. This value is used to determine whether the market has reached its highest risk levels.
4. Warning Display:
If the MVRVZ value matches the highest value in the last 10 bars and this warning has not been displayed before, a "Warning" signal is displayed.
Once the warning signal is shown, no further warnings are shown for 10 candles.
5. Pi Cycle Top Indicator:
Pi Cycle Top: This indicator predicts Bitcoin tops by comparing two moving averages (350-day and 111-day). If the short-term moving average falls below the long-term moving average, this is considered a sell signal.
The indicator displays this signal with the label "Sell", indicating a potential market top.
User Guide:
Green Buy Signal: It means Bitcoin is cheap and offers a buying opportunity.
Yellow Warning Signal: Indicates that Bitcoin has reached possible profit taking points and caution should be exercised.
Red Sell Signal: Indicates that Bitcoin has reached market saturation and it may be appropriate to sell.
Rainbow Histogram v1.01Sure! Here’s a compelling English version of the article for your TradingView post:
---
### 🌈 **Introducing Rainbow Histogram: A Fusion of EMA and MA for Enhanced Trading Analysis**
**Hello Traders,**
I’m excited to introduce a fresh concept that combines technical analysis techniques into a new indicator called **Rainbow Histogram**. This innovative tool blends Exponential Moving Averages (EMA) and Moving Averages (MA) to provide you with a powerful and accurate tool for making trading decisions.
#### **🎨 What is Rainbow Histogram?**
The Rainbow Histogram is designed to help you identify market trends and signal precise entry and exit points by blending EMA and MA into a colorful "Rainbow" display. This visual approach enhances your ability to spot trend strength and direction with clarity.
#### **📈 How Does Rainbow Histogram Work?**
1. **Exponential Moving Average (EMA):** Captures short-term trends and reacts quickly to price changes.
2. **Moving Average (MA):** Tracks long-term trends and provides a broader view of the market direction.
**Rainbow Histogram** uses the combination of EMA and MA to create a histogram that shows the difference between these two averages in distinct colors. This makes it easy to visualize trend changes and market momentum.
#### **🔧 Setting It Up**
1. **EMA:** Adjust the EMA settings based on your trading timeframe and strategy (e.g., EMA 9, EMA 21).
2. **MA:** Set the MA parameters to capture long-term trends (e.g., MA 50, MA 200).
#### **🌟 Why Use Rainbow Histogram?**
- **Simplified Analysis:** Quickly identify trends and their strength with a clear visual representation.
- **Distinct Colors:** Differentiate between EMA and MA with vibrant colors for easy interpretation.
- **Precise Signals:** Get clear buy and sell signals based on histogram changes.
#### **📥 Get Started**
Add **Rainbow Histogram** to your TradingView charts by searching for the script in TradingView’s library or set it up manually using the recommended settings.
#### **📝 In Summary**
**Rainbow Histogram** is a unique tool that simplifies trend analysis and enhances accuracy by merging EMA and MA into a single, colorful indicator. Use this tool to refine your trading strategy and make more informed financial decisions.
If you have any questions or feedback about **Rainbow Histogram**, feel free to comment below or send me a message!
**Happy Trading!** 🌟
---
I hope this version effectively captures attention and engages your audience!
Rsi Long-Term Strategy [15min]Hello, I would like to present to you The "RSI Long-Term Strategy" for 15min tf
The "RSI Long-Term Strategy " is designed for traders who prefer a combination of momentum and trend-following techniques. The strategy focuses on entering long positions during significant market corrections within an overall uptrend, confirmed by both RSI and volume. The use of long-term SMAs ensures that trades are made in line with the broader market trend. The stop-loss feature provides risk management by limiting losses on trades that do not perform as expected. This strategy is particularly well-suited for longer-term traders who monitor 15-minute charts but look for substantial trend reversals or continuations.
Indicators and Parameters:
Relative Strength Index (RSI):
- The RSI is calculated using a 10-period length. It measures the magnitude of recent price changes to evaluate overbought or oversold conditions. The script defines oversold conditions when the RSI is at or below 30 and overbought conditions when the RSI is at or above 70.
Volume Condition:
-The strategy incorporates a volume condition where the current volume must be greater than 2.5 times the 20-period moving average of volume. This is used to confirm the strength of the price movement.
Simple Moving Averages (SMA):
- The strategy uses two SMAs: SMA1 with a length of 250 periods and SMA2 with a length of 500 periods. These SMAs help identify long-term trends and generate signals based on their crossover.
Strategy Logic:
Entry Logic:
A long position is initiated when all the following conditions are met:
The RSI indicates an oversold condition (RSI ≤ 30).
SMA1 is above SMA2, indicating an uptrend.
The volume condition is satisfied, confirming the strength of the signal.
Exit Logic:
The strategy closes the long position when SMA1 crosses under SMA2, signaling a potential end of the uptrend (a "Death Cross").
Stop-Loss:
A stop-loss is set at 5% below the entry price to manage risk and limit potential losses.
Buy and sell signals are highlighted with circles below or above bars:
Green Circle : Buy signal when RSI is oversold, SMA1 > SMA2, and the volume condition is met.
Red Circle : Sell signal when RSI is overbought, SMA1 < SMA2, and the volume condition is met.
Black Cross: "Death Cross" when SMA1 crosses under SMA2, indicating a potential bearish signal.
to determine the level of stop loss and target point I used a piece of code by RafaelZioni, here is the script from which a piece of code was taken
I hope the strategy will be helpful, as always, best regards and safe trades
;)
Combined Bitcoin CME Gaps and Weekend DaysScript Description: Combined Bitcoin CME Gaps and Weekend Days
Author: NeoButane (Bitcoin CME Gaps), JohnIsTrading (Day of Week),
Contributor : MikeTheRuleTA (Combined and optimizations)
This Pine Script indicator provides a combined view of Bitcoin CME gaps and customizable weekend day backgrounds on your chart. It’s designed to help traders visualize CME gaps along with customizable weekend day highlights.
Features:
CME Gaps Visualization:
Enable CME Gaps: Toggle the display of CME gaps on your chart.
Show Real vs. CME Price: Choose whether to display chart prices or CME prices for gap analysis.
Weekend Gaps Only: Filter to show only weekend gaps for a cleaner view (note: this may miss holidays).
CME Gaps Styling:
Weekend Background Highlighting:
Enable Weekend Background: Toggle the weekend day background highlight on or off.
Timezone Selection: Choose the relevant timezone for accurate weekend highlighting.
Customizable Weekend Colors: Define colors for Saturday and Sunday backgrounds.
How It Works:
CME Gaps: The script identifies gaps between CME and chart prices when the CME session is closed. It plots these gaps with customizable colors and line widths.
You can choose to see gaps based on CME prices or chart prices and decide whether to include only weekends.
Weekend Backgrounds: The script allows for background highlighting of weekends (Saturday and Sunday) on your chart. This can be enabled or disabled and customized with specific colors.
The timezone setting ensures that the background highlights match your local time settings.
Inputs:
CME Gaps Settings:
Enable CME Gaps
Show Real vs. CME Price
Only Show Weekend Gaps
CME Gaps Style:
Gap Fill Color Up
Gap Fill Color Down
Gap Fill Transparency
Weekend Settings:
Enable Weekend Background
Timezone
Enable Saturday
Saturday Color
Enable Sunday
Sunday Color
Usage:
Add this script to your TradingView chart to overlay CME gaps and weekend highlights.
Adjust the settings according to your preferences for a clearer view of gaps and customized weekend backgrounds.
This indicator provides a comprehensive tool for tracking CME gaps and understanding weekend market behaviors through visual enhancements on your trading charts.
BTC Coinbase PremiumThis script is designed to compare the price of Bitcoin on two major exchanges: Coinbase and Binance. It helps you see if there’s a difference in the price of Bitcoin between these two exchanges, which is known as a “premium” or “discount.”
Here’s how it works in simple terms:
Getting the Prices:
The script first fetches the current price of Bitcoin from Coinbase and Binance. It looks at the closing price, which is the price at the end of the selected time period on your chart.
Calculating the Difference:
It then calculates the difference between these two prices. If Bitcoin is more expensive on Coinbase than on Binance, this difference will be positive, indicating a “premium.” If it’s cheaper on Coinbase, the difference will be negative, indicating a “discount.”
Visualizing the Difference:
The script creates a visual chart that shows this price difference over time. It uses green bars to show when there’s a premium (Coinbase is more expensive) and red bars to show when there’s a discount (Coinbase is cheaper).
Optional Table Display:
If you choose to, the script can also show this price difference in a small table at the top right corner of your chart. The table displays the words “Coinbase Premium” and the exact dollar amount of the premium or discount.
Why does it matter?
Traders and investors have spotted a correlation between bullish strength on BTC and a strong Coinbase premium along with the inverse of a strong Coinbase discount and BTC price weakness.
Quatro SMA Strategy [4h]Hello, I would like to present to you The "Quatro SMA" strategy
Strategy is based on four simple moving averages of different lengths and monitoring trading volume. The key idea is to identify strong market trends by comparing short-term moving averages with the long-term SMA. The strategy generates buy signals when all short-term SMAs are above the SMA(200) and the volume confirms the strength of the move. Similarly, sell signals are generated when all short-term SMAs are below the SMA(200), and the volume is sufficiently high.
The strategy manages risk by applying a stop loss and three different Take Profit levels (TP1, TP2, TP3), with varying percentages of the position closed at each level.
Each Take Profit level is triggered at a specific percentage gain, with the position being closed gradually depending on the achieved targets. The percentage of the position closed at each TP level is also defined by the user.
Indicators and Parameters:
Simple Moving Averages (SMA):
The script utilizes four simple moving averages with different lengths (4, 16, 32, 200). The first three SMAs (SMA1, SMA2, SMA3) are used to determine the trend direction, while the fourth SMA (with a length of 200) serves as a support/resistance line.
Volume:
The script monitors trading volume and checks if the current volume exceeds 2.5 times the average volume of the last 40 candles. High volume is considered as confirmation of trend strength.
Entry Conditions:
- Long Position: Triggered when SMA1 > SMA2 > SMA3, the closing price is above SMA(200), and the volume condition is met.
- Short Position: Triggered when SMA1 < SMA2 < SMA3, the closing price is below SMA(200), and the volume condition is met.
Exit Conditions:
- Long Position: Closed when SMA1 < SMA2 < SMA3 and the closing price is above SMA(200).
- Short Position: Closed when SMA1 > SMA2 > SMA3 and the closing price is below SMA(200).
to determine the level of stop loss and target point I used a piece of code by RafaelZioni, here is the script from which a piece of code was taken
I hope the strategy will be helpful, as always, best regards and safe trades
;)
BTC outperform atrategy### Code Description
This Pine Script™ code implements a simple trading strategy based on the relative prices of Bitcoin (BTC) on a weekly and a three-month basis. The script plots the weekly and three-month closing prices of Bitcoin on the chart and generates trading signals based on the comparison of these prices. The code can also be applied to Ethereum (ETH) with similar effectiveness.
### Explanation
1. **Inputs and Variables**:
- The user selects the trading symbol (default is "BINANCE:BTCUSDT").
- `weeklyPrice` retrieves the closing price of the selected symbol on a weekly interval.
- `monthlyPrice` retrieves the closing price of the selected symbol on a three-month interval.
2. **Plotting Data**:
- The weekly price is plotted in blue.
- The three-month price is plotted in red.
3. **Trading Conditions**:
- A long position is suggested if the weekly price is greater than the three-month price.
- A short position is suggested if the three-month price is greater than the weekly price.
4. **Strategy Execution**:
- If the long condition is met, the strategy enters a long position.
- If the short condition is met, the strategy enters a short position.
This script works equally well for Ethereum (ETH) by changing the symbol input to "BINANCE:ETHUSDT" or any other desired Ethereum trading pair.
Bitcoin Futures vs. Spot Tri-Frame - Strategy [presentTrading]Prove idea with a backtest is always true for trading.
I developed and open-sourced it as an educational material for crypto traders to understand that the futures and spot spread may be effective but not be as effective as they might think. It serves as an indicator of sentiment rather than a reliable predictor of market trends over certain periods. It is better suited for specific trading environments, which require further research.
█ Introduction and How it is Different
The "Bitcoin Futures vs. Spot Tri-Frame Strategy" utilizes three different timeframes to calculate the Z-Score of the spread between BTC futures and spot prices on Binance and OKX exchanges. The strategy executes long or short trades based on composite Z-Score conditions across the three timeframes.
The spread refers to the difference in price between BTC futures and BTC spot prices, calculated by taking a weighted average of futures prices from multiple exchanges (Binance and OKX) and subtracting a weighted average of spot prices from the same exchanges.
BTCUSD 1D L/S Performance
█ Strategy, How It Works: Detailed Explanation
🔶 Calculation of the Spread
The spread is the difference in price between BTC futures and BTC spot prices. The strategy calculates the spread by taking a weighted average of futures prices from multiple exchanges (Binance and OKX) and subtracting a weighted average of spot prices from the same exchanges. This spread serves as the primary metric for identifying trading opportunities.
Spread = Weighted Average Futures Price - Weighted Average Spot Price
🔶 Z-Score Calculation
The Z-Score measures how many standard deviations the current spread is from its historical mean. This is calculated for each timeframe as follows:
Spread Mean_tf = SMA(Spread_tf, longTermSMA)
Spread StdDev_tf = STDEV(Spread_tf, longTermSMA)
Z-Score_tf = (Spread_tf - Spread Mean_tf) / Spread StdDev_tf
Local performance
🔶 Composite Entry Conditions
The strategy triggers long and short entries based on composite Z-Score conditions across all three timeframes:
- Long Condition: All three Z-Scores must be greater than the long entry threshold.
Long Condition = (Z-Score_tf1 > zScoreLongEntryThreshold) and (Z-Score_tf2 > zScoreLongEntryThreshold) and (Z-Score_tf3 > zScoreLongEntryThreshold)
- Short Condition: All three Z-Scores must be less than the short entry threshold.
Short Condition = (Z-Score_tf1 < zScoreShortEntryThreshold) and (Z-Score_tf2 < zScoreShortEntryThreshold) and (Z-Score_tf3 < zScoreShortEntryThreshold)
█ Trade Direction
The strategy allows the user to specify the trading direction:
- Long: Only long trades are executed.
- Short: Only short trades are executed.
- Both: Both long and short trades are executed based on the Z-Score conditions.
█ Usage
The strategy can be applied to BTC or Crypto trading on major exchanges like Binance and OKX. By leveraging discrepancies between futures and spot prices, traders can exploit market inefficiencies. This strategy is suitable for traders who prefer a statistical approach and want to diversify their timeframes to validate signals.
█ Default Settings
- Input TF 1 (60 minutes): Sets the first timeframe for Z-Score calculation.
- Input TF 2 (120 minutes): Sets the second timeframe for Z-Score calculation.
- Input TF 3 (180 minutes): Sets the third timeframe for Z-Score calculation.
- Long Entry Z-Score Threshold (3): Defines the threshold above which a long trade is triggered.
- Short Entry Z-Score Threshold (-3): Defines the threshold below which a short trade is triggered.
- Long-Term SMA Period (100): The period used to calculate the simple moving average for the spread.
- Use Hold Days (true): Enables holding trades for a specified number of days.
- Hold Days (5): Number of days to hold the trade before exiting.
- TPSL Condition (None): Defines the conditions for taking profit and stop loss.
- Take Profit (%) (30.0): The percentage at which the trade will take profit.
- Stop Loss (%) (20.0): The percentage at which the trade will stop loss.
By fine-tuning these settings, traders can optimize the strategy to suit their risk tolerance and trading style, enhancing overall performance.
Wall Street Cheat Sheet IndicatorThe Wall Street Cheat Sheet Indicator is a unique tool designed to help traders identify the psychological stages of the market cycle based on the well-known Wall Street Cheat Sheet. This indicator integrates moving averages and RSI to dynamically label market stages, providing clear visual cues on the chart.
Key Features:
Dynamic Stage Identification: The indicator automatically detects and labels market stages such as Disbelief, Hope, Optimism, Belief, Thrill, Euphoria, Complacency, Anxiety, Denial, Panic, Capitulation, Anger, and Depression. These stages are derived from the emotional phases of market participants, helping traders anticipate market movements.
Technical Indicators: The script uses two key technical indicators:
200-day Simple Moving Average (SMA): Helps identify long-term market trends.
50-day Simple Moving Average (SMA): Aids in recognizing medium-term trends.
Relative Strength Index (RSI): Assesses the momentum and potential reversal points based on overbought and oversold conditions.
Clear Visual Labels: The current market stage is displayed directly on the chart, making it easy to spot trends and potential turning points.
Usefulness:
This indicator is not just a simple mashup of existing tools. It uniquely combines the concept of market psychology with practical technical analysis tools (moving averages and RSI). By labeling the psychological stages of the market cycle, it provides traders with a deeper understanding of market sentiment and potential future movements.
How It Works:
Disbelief: Detected when the price is below the 200-day SMA and RSI is in the oversold territory, indicating a potential bottom.
Hope: Triggered when the price crosses above the 50-day SMA, with RSI starting to rise but still below 50, suggesting an early uptrend.
Optimism: Occurs when the price is above the 50-day SMA and RSI is between 50 and 70, indicating a strengthening trend.
Belief: When the price is well above the 50-day SMA and RSI is between 70 and 80, showing strong bullish momentum.
Thrill and Euphoria: Identified when RSI exceeds 80, indicating overbought conditions and potential for a peak.
Complacency to Depression: These stages are identified based on price corrections and drops relative to moving averages and declining RSI values.
Best Practices:
High-Time Frame Focus: This indicator works best on high-time frame charts, specifically the 1-week Bitcoin (BTCUSDT) chart. The longer time frame provides a clearer picture of the overall market cycle and reduces noise.
Trend Confirmation: Use in conjunction with other technical analysis tools such as trendlines, Fibonacci retracement levels, and support/resistance zones for more robust trading strategies.
How to Use:
Add the Indicator: Apply the Wall Street Cheat Sheet Indicator to your TradingView chart.
Analyze Market Stages: Observe the dynamic labels indicating the current stage of the market cycle.
Make Informed Decisions: Use the insights from the indicator to time your entries and exits, aligning your trades with the market sentiment.
This indicator is a valuable tool for traders looking to understand market psychology and make informed trading decisions based on the stages of the market cycle.
Trend Deviation strategy - BTC [IkkeOmar]Intro:
This is an example if anyone needs a push to get started with making strategies in pine script. This is an example on BTC, obviously it isn't a good strategy, and I wouldn't share my own good strategies because of alpha decay.
This strategy integrates several technical indicators to determine market trends and potential trade setups. These indicators include:
Directional Movement Index (DMI)
Bollinger Bands (BB)
Schaff Trend Cycle (STC)
Moving Average Convergence Divergence (MACD)
Momentum Indicator
Aroon Indicator
Supertrend Indicator
Relative Strength Index (RSI)
Exponential Moving Average (EMA)
Volume Weighted Average Price (VWAP)
It's crucial for you guys to understand the strengths and weaknesses of each indicator and identify synergies between them to improve the strategy's effectiveness.
Indicator Settings:
DMI (Directional Movement Index):
Length: This parameter determines the number of bars used in calculating the DMI. A higher length may provide smoother results but might lag behind the actual price action.
Bollinger Bands:
Length: This parameter specifies the number of bars used to calculate the moving average for the Bollinger Bands. A longer length results in a smoother average but might lag behind the price action.
Multiplier: The multiplier determines the width of the Bollinger Bands. It scales the standard deviation of the price data. A higher multiplier leads to wider bands, indicating increased volatility, while a lower multiplier results in narrower bands, suggesting decreased volatility.
Schaff Trend Cycle (STC):
Length: This parameter defines the length of the STC calculation. A longer length may result in smoother but slower-moving signals.
Fast Length: Specifies the length of the fast moving average component in the STC calculation.
Slow Length: Specifies the length of the slow moving average component in the STC calculation.
MACD (Moving Average Convergence Divergence):
Fast Length: Determines the number of bars used to calculate the fast EMA (Exponential Moving Average) in the MACD.
Slow Length: Specifies the number of bars used to calculate the slow EMA in the MACD.
Signal Length: Defines the number of bars used to calculate the signal line, which is typically an EMA of the MACD line.
Momentum Indicator:
Length: This parameter sets the number of bars over which momentum is calculated. A longer length may provide smoother momentum readings but might lag behind significant price changes.
Aroon Indicator:
Length: Specifies the number of bars over which the Aroon indicator calculates its values. A longer length may result in smoother Aroon readings but might lag behind significant market movements.
Supertrend Indicator:
Trendline Length: Determines the length of the period used in the Supertrend calculation. A longer length results in a smoother trendline but might lag behind recent price changes.
Trendline Factor: Specifies the multiplier used in calculating the trendline. It affects the sensitivity of the indicator to price changes.
RSI (Relative Strength Index):
Length: This parameter sets the number of bars over which RSI calculates its values. A longer length may result in smoother RSI readings but might lag behind significant price changes.
EMA (Exponential Moving Average):
Fast EMA: Specifies the number of bars used to calculate the fast EMA. A shorter period results in a more responsive EMA to recent price changes.
Slow EMA: Determines the number of bars used to calculate the slow EMA. A longer period results in a smoother EMA but might lag behind recent price changes.
VWAP (Volume Weighted Average Price):
Default settings are typically used for VWAP calculations, which consider the volume traded at each price level over a specific period. This indicator provides insights into the average price weighted by trading volume.
backtest range and rules:
You can specify the start date for backtesting purposes.
You can can select the desired trade direction: Long, Short, or Both.
Entry and Exit Conditions:
LONG:
DMI Cross Up: The Directional Movement Index (DMI) indicates a bullish trend when the positive directional movement (+DI) crosses above the negative directional movement (-DI).
Bollinger Bands (BB): The price is below the upper Bollinger Band, indicating a potential reversal from the upper band.
Momentum Indicator: Momentum is positive, suggesting increasing buying pressure.
MACD (Moving Average Convergence Divergence): The MACD line is above the signal line, indicating bullish momentum.
Supertrend Indicator: The Supertrend indicator signals an uptrend.
Schaff Trend Cycle (STC): The STC indicates a bullish trend.
Aroon Indicator: The Aroon indicator signals a bullish trend or crossover.
When all these conditions are met simultaneously, the strategy considers it a favorable opportunity to enter a long trade.
SHORT:
DMI Cross Down: The Directional Movement Index (DMI) indicates a bearish trend when the negative directional movement (-DI) crosses above the positive directional movement (+DI).
Bollinger Bands (BB): The price is above the lower Bollinger Band, suggesting a potential reversal from the lower band.
Momentum Indicator: Momentum is negative, indicating increasing selling pressure.
MACD (Moving Average Convergence Divergence): The MACD line is below the signal line, signaling bearish momentum.
Supertrend Indicator: The Supertrend indicator signals a downtrend.
Schaff Trend Cycle (STC): The STC indicates a bearish trend.
Aroon Indicator: The Aroon indicator signals a bearish trend or crossover.
When all these conditions align, the strategy considers it an opportune moment to enter a short trade.
Disclaimer:
THIS ISN'T AN OPTIMAL STRATEGY AT ALL! It was just an old project from when I started learning pine script!
The backtest doesn't promise the same results in the future, always do both in-sample and out-of-sample testing when backtesting a strategy. And make sure you forward test it as well before implementing it!
Furthermore this strategy uses both trend and mean-reversion systems, that is usually a no-go if you want to build robust trend systems .
Don't hesitate to comment if you have any questions or if you have some good notes for a beginner.
Dynamic Momentum GaugeOverview
The Dynamic Momentum Gauge is an indicator designed to provide information and insights into the trend and momentum of a financial asset. While this indicator is not directional , it helps you know when there will be a trend, big move, or when momentum will have a run, and when you should take profits.
How It Works
This indicator calculates momentum and then removes the negative values to focus instead on when the big trend could likely happen and when it could end, or when you should enter a trade based on momentum or exit. Traders can basically use this indicator to time their market entries or exits, and align their strategies with momentum dynamics.
How To Use
As previously mentioned, this is not a directional indicator but more like a timing indicator. This indicator helps you find when the trend moves, and big moves in the markets will occur and its possibly best to exit the trades. For example, if you decide to enter a long trade if the Dynamic Momentum Gauge value is at an extreme low and another momentum indicator that you use has conditions that you would consider to long with, then this indicator is basically telling you that there isn't more space for the momentum to squeeze any longer, can only really expand from that point or stay where it currently is, but this is also a mean reverting process so it does tend to go back up from the low point.
Settings:
Length: This is the length of the momentum, by default its at 100.
Normalization Length: Length of the Normalization which ensures the the values fall within a consistent range.
