[Shitcoin Paradise]Take Profit + Stop LossThe Take profit + Stop loss indicator is built around The Matrix strategy , it is not suitable for anything else!
*Use it only on 4h charts*
How to use it:
- when a setup from The Matrix is ready, set the date and hour when that setup happened
- set the entry price
- set the targets (you can use the default ones)
- for conservative trading, check the "Use only one TP?" box
- set alert messages for every event
When the price reached the first TP, the stop loss will automatically be moved at entry price, yellow line (entry price) become red(stop loss).
The indicator can be set to have 3 take profits (it takes longer to finish a trade, the reward is greater, but also the risk is bigger), or the conservative way, with only one take profit.
The Take profit + Stop loss indicator uses 3 different stop losses in cascade, multiple algorithms and MTF to calculate them and calculate the starting point, from where the targets are calculated.
Scenario 1:
The price have a setup for continuing the trade, the price touches 1st TP, SL is moved to the entry price, the price reaches all targets => the trade is closed.
Scenario 2:
The price have a setup for continuing the trade, the price touches 1st TP, SL is moved to the entry price, the price fail to touch the other TPs and SL is triggered.
Scenario 3:
The price does not have a setup for continuing the trade, the SL is triggered.
Scenario 4 (conservative trading):
The price have a setup for continuing the trade, the price touches 1st TP => the trade is closed.
For invites, more details and questions, you can send us a private message.
Enjoy!
Shitcoin Paradise
Kripto
[Shitcoin Paradise]The MatrixThe Matrix strategy is a strategy developed by @zsone and @edward_Z, that combine multiple indicators and algorithms on various time frames.
*Use it only on 4h charts*
The Matrix is built for multiple currencies/pairs and user friendly.
Features:
- possibility to choose your own crypto currencies
- setup is ready when the square from the Signal tab is green (3 green dots)
- set only 1 alert for the entire script (no need to set one alert for each pair)
- it uses multi time frames for better entries
- it uses multiple confirmations
- it have a safety net (you can set to not buy if the candle is greater than x%)
- can be easily paired with 3commas or other trading platform via webhooks
- it is user friendly, so it's ready to use/plug and play
The Matrix strategy gives setups for entries, after that you can set your own exits (take profit, stop loss, trailing stop...), or you can use our Take Profit + Stop Loss indicator , which is built for The Matrix.
For invites, more details and questions, you can send us a private message.
Enjoy!
Shitcoin Paradise
Cryptobull | Long / Short IndicatorCryptobull is a indicator based on the Williams R and Bollinger Band to find Long / Short entries (together with your strategy).
!!! The indicator is not working in every market situation -> so i recommend to add the indicator to your existing strategy !!!
Designed for:
->15m Chart
->5m Chart
->Crypto
->(Stocks)
I recommend using this indicator with Price Action or your own strategy to enter trades.
Whales Buy-Sell By CryptoScriptsThe Whales Buy-Sell indicator is very unique because it uses a combination of the smoothing range, average ranges, and hi-band/low-bands combined with various moving averages to nail whenever the overall trend is changing. This is extremely important during periods of high volatility and large moves. It helps to keep someone in a trade longer and get out fast if the trend is changing. The big caveat I can stress is waiting until the candle closes so that you know the signal is confirmed! Use the Bar Replay feature to further understand the intricacies of how the indicator produces signals. I find it is better on larger timeframes (1h and higher) because it's measuring larger trends. It can still be used on smaller timeframes but may not be as accurate. The big shortcoming is that is doesn't do well in choppy environments (i.e barely any price movement up or down) and you may get a lot of back and forth buy/sell signals so PLEASE keep that in mind. Experiment with various tickers/timeframes and see what works best for you :)
This indicator is a trend analysis indicator. Trend analysis is a technique used in technical analysis that attempts to predict future stock price movements based on recently observed trend data. Trend analysis is based on the idea that what has happened in the past gives traders an idea of what will happen in the future, but that is NOT always the case! Past performance is NOT indicative of future returns. There are three main types of trends: short-, intermediate- and long-term. Trend analysis tries to predict a trend, such as a bull market run, and then ride that trend until data suggests a trend reversal, such as a bull-to-bear market.
Alerts
You can set alerts for either a 'Buy Signal' or 'Sell Signal'. I recommend setting alerts for the candle close so that you know the signal is confirmed! If the "Add Alerts" option is greyed out for the indicator, just refresh your tradingview page and you should be able to see it :)
PM me to obtain access and please let me know if you have any questions!
3x EMA fast, 3 x MA slow + BB + PsarThis is a trend system which combines multiple fast EMA + mulitple slower SMA together with bollinger band channel and PSAR.
For entry rules the ones that I use are:
Long
We are inside BB channel, psar is ascending, and our close is above all moving averages or below all EMA'S + 1 SMA
WE can exit either when our close is below all EMA's or when PSAR is descending or when we hit upper/lower BB levels
Short
We are inside BB channel, psar is descnending, and our close is below all moving averages or below all EMA's + 1 SMA
WE can exit either when our close is above all EMA's or when PSAR is ascending or when we hit upper/lower BB levels
If you have any questions, let me know
RSVP Extractor By CryptoScriptsThis indicator has the same alerts as the VP Extractor except I overlaid the RSI on top of it (yellow line) to help take advantage when the RSI is overbought/oversold while also being able to see what the VP extractor is saying :)
It highlights yellow any time the RSI is below 30 (potential buy signal) and highlights orange anytime the RSI is above 70 (potential sell signal). You can also adjust the settings so that it'll highlight yellow when RSI is below 25 or 20 etc. so you can pick whatever value you want and the colors will adjust accordingly :) You can also set alerts for RSI overbought/oversold!
Please see the VP Extractor Alerts below! Those are still the same as before but since I now have RSI then you can be more confident in your signals if RSI is flashing a yellow shaded area (oversold) and the VP extractor is flashing a rocket symbol (buy), then both together would be a very strong buy signal. Using the RSI signals with the VP Extractor signals below will make you VERY successful with this indicator :)
The VP Extractor signals is a combination of the Volume Extractor and Price Extractor. There was a lot of coding involved in this one and it involves a Volume / Price Oscillator derived from various volume /price metrics combined with Bollinger Bands and Overbought/Oversold levels. This indicator is unique because it not only measures the standard deviations whenever the oscillator crosses outside the BBs but it does so at ranges that are most advantageous for the trader to identify KEY buy/sell levels (as shown above). I'll break down each signal below and how to best take advantage of them so you can get the best entries and capture the most profit per trade.
*This indicator works best on the Binance or Bybit exchange for crypto but also works for stocks and forex. It's best used on small-medium timeframes such as the 15min, 1h, 4h, 8hr, or 12h. It tends to give more false signals on the 1D timeframes and higher.
Red Alarm - this signal indicates that the volume and/or price oscillators are overbought and/or crossing outside of the bollinger bands . This is a STRONG sell signal but should still be combined with support/resistance levels and confirmed with other indicators.
Red Diamond - this signal indicates that the volume and price oscillators are crossing outside of the bollinger bands above the 20 level but is not yet overbought. This is a potential sell signal but should still be combined with support/resistance levels and confirmed with other indicators.
Red Shaded Area - this indicates the volume and price oscillators are overbought. This is a potential sell signal but should still be combined with support/resistance levels and confirmed with other indicators.
Rocket - this signal indicates that the volume and/or price oscillators are oversold and/or crossing outside of the bollinger bands . This is a STRONG buy signal but should still be combined with support/resistance levels and confirmed with other indicators.
Green Diamond - this signal indicates that the volume and price oscillators are crossing outside of the bollinger bands below the 20 level but is not yet oversold. This is a potential buy signal but should still be combined with support/resistance levels and confirmed with other indicators.
Green Shaded Area - this indicates the volume and price oscillators are oversold. This is a potential buy signal but should still be combined with support/resistance levels and confirmed with other indicators.
Input Options
Show 80 Levels - This checkbox will create a red zone and green zone for the 60-80 levels on the indicator. This is useful if the volume and price oscillators reaches one of these levels, you can be sure it's going to reverse soon and can have more confidence if it crosses outside of the BBs in addition to that.
VEO Length - This changes the height of the oscillator and will change how your signals flash (more or less often). Use this if you find you're getting too many signals or not enough. I find this is best at 21 but feel free to test out what works for you depending on your timeframe.
Moving Average Volume Source - This is currently set to None but you can change it to Exponential, Hull, or Simple moving average . I found that None works best but feel free to test out the different options.
Moving Average Length - Changing this length will do nothing to your chart if None is selected for the Moving Average Volume Source, therefore you will most likely keep this setting default at 9.
Alerts
I've set alerts on this indicator for each icon (Red Alarm, Red Diamond, Overbought, Rocket, Green Diamond, Oversold). I HIGHLY recommend setting the alerts for Candle Close so that you can be sure the signal is confirmed.
You may notice that the indicator can give multiple signals back-to-back or be overbought/oversold for multiple candles. When this happens, it's best to look at other indicators such as the RSI , MFI Pro, etc to nail the best entry and have confluence with your decision. With that said, having multiple signals back-to-back can also be an indication that the move is close to happening.
This indicator is a strong indicator by itself but works best when combined with my other indicators just as the Whales Buy-Sell and the MFI Pro as well as the RSI , and MACD i.e taking a trade when all indicators are showing overbought, "Buy", "Sell", etc. Measuring volume and price action is an extremely important aspect of trading and one I believe should not be overlooked. I hope I made everything as clear as possible and please let me know if I didn't.
PM me to obtain access and please let me know if you have any questions! :D
Bjorgum MTF MAScope:
Up to 3 MA's can be applied at the users discretion
Choose between 10 different average types including favorites from the Bjorgum series from HEMA to Reversal T3's
Each MA can be independently set
Go Multi-timeframe! Any MA can be set to any timeframe of reference you choose (ex. using 3 different timeframes of higher resolution to your chart reference to establish a multi-time frame trend)
RSI HEATMAP. Use the bar color or the MA color selection toggle to set your color to reference RSI on a gradient. This helps to establish clear visual reference to momentum on top of trend analysis
Assigning RSI bar color to an MA of a higher time frame can allow you to see visual reference of momentum of the greater trend that may be at play.
Example: trying to get short on a 15min while your 1hr and 4hr RSI Heatmap burns deep in oversold.
RSI color can be assigned to the bar color, the MA (1,2 or 3), or both. Alternatively, bar color can be assigned to a more simple rising/ falling MA color and price above/ below the MA for bar color.
ALL MTF FUNCTIONS ARE NON_REPAINTING.
The Idea
The original inspiration behind the script came from an observation of a constant struggle of Pinecoders of both youth or experience to find accurate multi-timeframe indicators that do not repaint, and appear as should on historical bars, while performing reliably in real time. I encourage you to scroll the Pinecoders FAQ on a recent piece explaining the difficulties and caveats of different approaches, but I would like to reference the elimination of the historical bar offset for THIS purpose. MA's are based on closing prices, that is to say they are confirmed and will not change once the bar has closed. There is no need to offset these for historical reference. The purpose of the historical offset is best exemplified, for example, with an intraday strategy involving daily breakouts. Let's entertain going long on a break to a new daily high. We would not know that in real time so we need to reference the previous bars close for BACKTESTING purposes, otherwise we get "lookahead bias". There is no shortage of strategies unintentionally employing this bias out there (I'm sure you have come across them with their unrealistic results).
There is no worry of repainting with the MTF security function included within this script, nor will it offset for something involving lookahead bias. I encourage those that are playing with the code or perhaps writing strategies of their own to borrow the functions within. There is also a function that will return the 10 MA variable selection - yours to keep.
With all that in mind, I wanted a practical script that is easily deployable in everyday trading for the average trader that gives the user a firm grip on their trading steering wheel equipped with the feel of the road. Incorporating several MA's of differing times with the RSI heatmap gives a good visual reference and feel to your trading environment, while offering a level of customization that will fit an individuals personal trading style. The RSI heatmap gradient is per percentage between 30 and 70 and your 2 colors - anything outside of those levels gives you the vibrant bias color
Below I walk through 2 examples of live trades scenarios I made using the mindset the script offers.
The Trade
LONG IZEA
Timeframe: 4hr chart
- 3 Tilson MA's of varying length are deployed at varying intraday time frames
- A bullish pattern in an uptrend offers a possible trade allowing entry from a low risk point from the pattern low
- See the chart for notes and observations using the script
- Notice how the heatmap brightens up as price extends far away from the averages - your risk has elevated for a new position
- Notice the heatmap cool off while price action consolidates sideways
The Trade
SHORT BTCUSDT
Timeframe: 4hr chart
- 3 EMAs are employed - same length (50), with 3 successive timeframe resolutions
- A downtrend is formed with a sharp move to stack the EMAs into layers
- A pull back opportunity presents itself in bearish consolidation
- Notice a Doji star at resistance establishing a swing high as RSI cools off into the EMA dynamic resistance for entry
- An '"equal legs" measured move can be used for a trade target with a stop out above the swing high.
- Again, take note of distance from EMA's, the heatmap in combination with trend development surrounding the MA's
These were just two ideas to show you an example of how to implement some strategy into your trading and to get some interesting use from the indicator. Hope you enjoyed the read and happy trading.
Compare Crypto Bollinger Bands//This is not financial advice, I am not a financial advisor.
//What are volatility tokens?
//Volatility tokens are ERC-20 tokens that aim to track the implied volatility of crypto markets.
//Volatility tokens get their exposure to an asset’s implied volatility using FTX MOVE contracts.
//There are currently two volatility tokens: BVOL and IBVOL.
//BVOL targets tracking the daily returns of being 1x long the implied volatility of BTC
//IBVOL targets tracking the daily returns of being 1x short the implied volatility of BTC.
/////////////////////////////////////////////////////////////////
CAN USE ON ANY CRYPTO CHART AS BINANCE:BTCUSD is still the most dominant crypto, positive volatility for BTC is positive for all.
/////////////////////////////////////////////////////////////////
//The Code.
//The blue line (ChartLine) is the current chart plotted on in Bollinger
//The red line (BVOLLine) plots the implied volatility of BTC
//The green line (IBVOLLine) plot the inverse implied volatility of BTC
//The orange line (TOTALLine) plots how well the crypto market is performing on the Bolling scale. The higher the number the better.
//There are 2 horizontal lines, 0.40 at the bottom & 0.60 at the top
/////////To Buy
//1. The blue line (ChartLine) must be higher than the green line (IBVOLLine)
//2. The green line (IBVOLLine) must be higher than the red line (BVOLLine)
//3. The red line (BVOLLine) must be less than 0.40 // This also acts as a trendsetter
//4. The orange line (TOTALLine) MUST be greater than the red line. This means that the crypto market is positive.
//5.IF THE BLUE LINE (ChartLine) IS GREATER THAN THE ORANGE LINE (TOTALLine) IT MEANS YOUR CRYPTO IS OUTPERFOMING THE MARKET {good for short term explosive bars}
//6. If the orange line (TOTALLine) is higher than your current chart, say BTCUSD. And BTC is going up to. It just means BTC is going up slowly. it's fine as long as they are moving in the same position.
//5. I use this on the 4hr, 1D, 1W timeframes
///////To Exit
//1.If the blue line (ChartLine) crosses under the green line (IBVOLLine) exit{ works best on 4hr,1D, 1W to avoid fakes}
//2.If the red line crosses over the green line when long. {close positions, or watch positions} It means negative volatility is wining
[astropark] price levels lightDear Followers,
today I'm glad to present you an light version indicator of my "price levels" one that you can see here below:
It's a great analysis tool, for both scalpers, day traders and swing traders, and it works on every timeframe, market and pair .
I suggest you so check-out previous version indicator's description to understand how to use it and why such a tool may be important for your trading journey.
This light indicator puts the focus on following values only:
Monday Range (High - Low - Mid Range)
Weekly Open (which is also Monday Open)
Monthly Open
Yearly Open
Yearly Range (High - Low)
Besides it's a light version, it comes with a nice feature, enabled by default: shows only latest value of each type!
This way you will have a very clean chart, as you can skip to see previous not anymore important values, focusing on latest ones.
As in the not-light version, you can:
choose price levels to hide and show
change each level color / thickness / display style (solid or dotted)
choose to show or hide price labels and change their size
This is a premium indicator , so send me a private message in order to get access to this script.
[astropark] Moon Phases [alarms]Dear Followers,
today I'm glad to present you an indicator which calculates Moon Phases and let's you set an alert over it.
This is a public free indicator based on the public one by @paaax:
I added my usual alert system logic, plus some more customization inputs for easy coloring.
The lower the timeframe you use it and set your alerts on, the more precise the alert value you get.
Here below the script for backtesting it:
Enjoy!
-- astropark
Liquidity Pair Impermanent Asset LossWith limited tracking of impermanent loss for liquidity pairs across all chains, I wanted a very simple display of live dollar value loss in an asset pair. This should allow you to set alerts based on how much you are down and take action if needed. The output column is by default set to show your losses in USD. For those that need it, I also setup an option to track the output in something other than USDT, e.g., GBP or ETH, etc..
Liquidity Pair EvalWhile there are many tools for generating your impermanent loss in liquidity pools, depending on your choice of chain, I was mostly concerned about monitoring the creep between the pairs. This V0.1 attempt should give us a general comparison of the selected asset returns given your time period and also display the percent loss assuming the initial purchase price values are input correctly.
This is a work in progress and I am open to suggestions to make this even better.
Kifier's ALT-COIN Failed Volume PressureGeneral Idea:
The basic idea is really simple - to detect during a bull-run, good mid-run entries or even predicting the start of a run, and the overcoming of the sell pressure, and I got this idea very naturally while looking back at my entries with ADA 6 months back. The indicator simply detects for you and alerts where volume reaches high reds but the actual price of the asset does not close lower than the previous open. This essentially shows a rejection of the selling pressure, and usually if either in a stagnant or bullish trend will just result in a bullish trend. It’s also great to detect entries into a bull-run mid way, which can happen quite often with cryptos. Due to the reliance of volume in this one, it’s probably best to stick with mid to low cap alt-coins, as BTC and even ETH at this point have a more complicated price action trends.
Usage:
It’s built ideally for long-term timeframes, so 1D is the minimum in my opinion, and it should be used in combination with other indicators to confirm entries and market conditions, plus fundamental analysis is VERY important when it comes to trading with volume as a leading indicator in lower cap alt-coins.
Structure:
The blue line is an average of the volume over a period while the yellow is the current volume, this makes it easy when a volume anomaly occurs and essentially a massive sell-off.
The green/red lines at the bottom unimaginatively is just a simple trend indicator based of two EMAs.
I also want to attempt to make a version for smaller time-frames as well, which needs to also account for market noise and a better trend detection but that’s for a future time.
It’d be great to hear feedback and even ideas on beneficial changes!
[Bitnalysis] Altcoin Season IndicatorThe Altcoin Season Indicator compares performance of Bitcoin with the performance of the top altcoins over a specified period. The indicator weights the results, giving greater weight to the first specified altcoins. By default, the larger market cap altcoins, such as ETH, BNB, ADA, etc., are included first and therefore given greater weight in the algorithm. To remove the weighting from the formula and consider the performance of all listed altcoins equally, set the weighting setting to "0".
The output shows to what extent altcoins are outperforming Bitcoin; the higher the number, the more altcoins are outperforming Bitcoin. This indicator helps traders predict when "altcoin season" is about to begin or end.
Fed Balance Sheet Growth Rate p.a.Plots the rate of change in the Fed Balance sheet.
Defaults to annual rate of change.
Option to plot the raw balance sheet data.
Value Area OscillatorThis is an oscillator version of the Value Area Indicator. The Value Area Indicator employs a custom, volatility-weighted moving average formula, which produces a moving average that becomes more reactive during volatile periods. The indicator then provides fibonacci channels above and below the main MA line. The fibonacci channels are sized based on the "golden ratio." This indicator may be helpful to show when the particular cryptocurrency or other instrument is oversold or overbought. If you are looking to add to your position, this indicator can help determine the best times to do so.
Value Area IndicatorThe Value Area Indicator employs a custom, volatility-weighted moving average formula, which produces a moving average that becomes more reactive during volatile periods. The indicator then provides fibonacci channels above and below the main MA line. The fibonacci channels are sized based on the "golden ratio." This indicator may be helpful to show when the particular cryptocurrency or other instrument is oversold or overbought. If you are looking to add to your position, this indicator can help determine the best times to do so.
Pinbar-Rejection-IndicatorThis indicator allows you to filter noisy pin bar chart, with pin bars which have been rejected from dynamic support/resistance level also named as 21 Moving Average.
I would consider to work only on higher time frames like 1H and higher, so you really can find only best entries.
Have fun, write your feedback in the comments section:)
P.S This is the first version of the indicator, so be free to contribute, and soon I'm going to improve this indicator.
Crypto Scanner [MensaTrader]Market Scanner
By default set up to scan 7 Crypto Currencies on 3 different Time frames
Default assets are from Binance listing, but can be changed in settings.
First timeframe is set to Daily, (all timeframes can be changed in the settings), The RSI value for the Daily resolution is printed. The current conditions need it to be between the value of 40 and 50, If this condition is met then the box will light are green, if they are not they will stay red.
Second timeframe is set to 4 Hour, RSI for this timeframe and assset will also be printed here, the conditions for it are different though. Currently set up so if the RSI value is lower than 40 the box will light up green. This 40 value can be changed in the settings aswell.
Third timeframe is set to 1 Hour, This timeframe is looking for divergences. If a Divergence is found, the box will light up green and say "Bullish Divergence", This will stay green until either of the 2 invalidation conditions are met.
One condition is (For Bullish Divergence) to be cleared, If the recent Low where the divergence was formed gets taken out. Then the divergence sign will dissappear
Second condition is if the RSI Value climbs above 55, Then once again the Divergence sign will dissappear.
Use this to help scan multiple assets at once and find RSI values which suit your trading set ups.
I have tried to make as many options adjustable as possible including the Size of the Scanner, all in the settings.
Tickers PanelCONCEPT
It's a very straight forward panel with tickers for both BTC and ETH (you can switch in the settings).
The background colouring changes based on how individual markets are trading compared to a market average.
It shows green if a market is trading above the average price and it shows grey if it's trading below the average.
This makes it easy to spot which markets are cheap/expensive.
This is jus a random idea, but the source code is open so that you can make your own changes if you like.
FEATURES
Tickers for six different markets.
By default it shows BTC prices, but you can also choose for it to show ETH prices.
Sometimes it gets blocked by price.
So there's an option to put it at the bottom of the screen.
There's more possible, just look at the source code.
I use a widescreen so for me the size of the boxes is perfect, but if you're on different resolution it might look weird.
Also if you split your screen in half for example it probably won't perfectly fit anymore.
In the settings you can easily change the colours, width, height, border thickness, ...
So yeah, just a fun panel with some crypto tickers.
Have a look at the source code it's pretty easy to understand, have fun playing around with it.
The indicator is free so just add it to your favourites and you can start using it (you might have to refresh Tradingview before it works).
Cheers.
Binance Futures BasisCONCEPT
The futures basis for multiple coins based on the Binance coin margin quarterly futures contracts.
If you need a run down of what the futures basis is, check out this short educational post (click on the chart):
In short: the futures basis is the premium at which futures contracts are trading compared to the spot market.
FEATURES
Futures basis for the following coins:
BTC
ETH
LTC
BNB
ADA
DOT
BCH
LINK
There's also an average futures basis which is an average premium of all the coins I just listed.
As you can see there's also a zero line which you can turn on in the settings.
This is quite useful for when the futures start trading in or close to backwardation.
It's possible to show all the premiums at the same time.
This makes it easy to look for outliers.
You can choose the candle source too.
By default it's set on "close" which probably makes the most sense.
All data will be based on candle closes.
However if you're looking at higher timeframes sometimes crucial info is lost when you keep it on "close".
As you can see in this BTC futures basis example with "close" as a candle source you don't seen anything peculiar even though there were two violent liquidation cascades that temporarily had a huge impact on the futures basis.
If you then select "ohlc4" for example which uses an average value of each candle you can clearly see the impact that those drops had.
Basically when you're looking at most recent data I prefer candle close, but when looking at higher timeframes for historic data the ohlc4 option is more useful.
At the time of publishing this indicator it's using the September quarterly futures contracts (which is the closest expiration).
I'll update this every time the expiration happens.
However, in the settings you'll find the code for these futures contracts.
If you want to take a look at the next expiration for example, which is December right now, you can just fill in the Binance code of those contracts and it'll re-calculate everything and print the futures basis for the December futures.
This way you can also update the indicator yourself each time contracts expire (to make sure the indicator keeps working just in case I were to disappear or something).
The code for the current (September) contracts is U2021.
The code for the next expiration (December) is Z2021.
This will become out dated of course.
TRADING
You can find more info on how it's useful for trading in the educational post I linked.
Some short notes...
This premium works very similar to the perpetuals basis or funding.
Simply put a high premium could be a sign that the market is overbought and a very low premium could be a sign that the market is oversold.
Backwardation (below 0) is very rare and usually only happens after a violent crash. Historically those are good buying opportunities.
Divergences also often work really well.
If you want access send me a private message so we can discuss it.
Cheers.
Binance Premium IndexCONCEPT
An indicator with official Binance premium index data for BTC and a bunch of altcoins.
The premium index is based on the difference in price between the perpetual swap contract last price and the price of a volume weighted spot index.
Simply put: it shows you for each coin whether the spot market is trading higher than the Binance perp or not.
FEATURES
Premium index for:
BTC
ETH
LTC
BNB
ADA
DOGE
DOT
UNI
SOL
LINK
There's also an average premium based on the premiums of all these coins combined.
You can also choose in the settings to display all the premiums at the same time.
This makes it easy to find outliers.
There are two extra features that need some explaining.
First of all: the clamp.
It doesn't happen often, but sometimes as a result of massive liquidation cascades there's temporarily a huge spot premium (or derivs premium, but usually spot premium).
In such a scenario the value of the premium dwarfs all other historical data and the indicator becomes nearly unreadable.
The clamp option allows you to put a cap on how extreme the values can get so that the indicator becomes easier to read again.
In the settings you can also change what you want the max value to be.
When you select the option that shows all premiums you'll definitely run into this problem as well.
But you can put a clamp on these too.
The second option is more straight forward: smoothing.
The premium can sometimes be a bit all over the place. It's possible to display the data as a smoothed moving average.
Here's an example of the raw data of the global average premium.
Now with smoothing. Looks a lot more clean.
TRADING
This premium index data is what the funding rate is based on.
Thus it has a direct impact on the perpetual swap contract.
If there's a spot premium (negative values in green) funding will be negative and shorts will have to pay longs.
If there's a derivatives premium (positive values in grey) funding will be positive and longs will have to pay shorts.
Simply put, a spot premium is usually bullish and a derivatives premium is usually bearish.
A lot of people look at this stuff when it comes to bitcoin, but for altcoins it's also definitely relevant.
So here's an indicator with the premium index for 10 different coins.
I don't use more than 10 coins because otherwise the indicator will become very slow.
If you want access to the indicator send me a private message so we can discuss it.
Cheers.
[astropark] Rolling VWAP V2 [alarms]Dear Followers,
today I'm glad to present you yet another awesome Analysis Tool and Strategy, that you may like to use in your trading journey: Rolling VWAP V2 !
This is an upgraded version of my "Progressive VWAP" analysis tool (progressive and rolling are synonymous for me), its description describes quite well what a progressive/rolling vwap is and why they are important to watch:
This indicator can print automatically for you many important Rolling VWAPs:
Daily (D)
2 days (2D)
3 days (3D)
4 days (5D)
Weekly (W)
2 weeks (2W)
Monthly (M)
Quarterly (Q)
Yearly (Y)
As an indicator it will let you:
enable/disable each rolling vwap, change its color and line style and thickness
enable/disable labels and/or price on labels, as well as change their size
As a strategy it will let you:
enable/disable buy/sell signals
choose which strategy to use (all based on rolling vwaps of course)
choose a starting date & time from which to start backtesting
enable/disable individually long and short setups in the backtesting
You should choose low timeframe rolling vwap strategy if you are on a low timeframe, while higher timeframe rolling vwaps are good on medium-high timeframes.
For example D-2D-3D rolling vwap strategies are good at 1h or below, the others on higher timeframes. Backtesting results will help you in understanting this point quite easily.
This indicator works on every timeframe, market and pair. By the way it must be said that, as a bot strategy it has been tested and designed mostly for Bitcoin trading and it works best on 1h or above.
As I always say, all tools are great if you use them correctly: this is not the "Holy Grail", so always use proper money and risk management strategies.
This indicator is the alarms version of the backtesting one you can see here below:
This is a premium indicator , so send me a private message in order to get access to this script.
