Plots the cumulative line of gaps to see extremes in psychology.
Plenty of Gap-UP's where the Open is higher than the previous bar's close get the market excited.
Plenty of Gap-DOWN's where the Open is lower than the previous bar's close get the market scared and depressed.
Look for the Gap Line to peak prior to an important peak in the market...
Hi again :)
Script #2 for tonight, more to come :)
This one is a Pine transcription of a FXCM/LUA script called BSTrend
I used it years ago to trade index on very low timeframes with it. I'm always looking for oscillators that are more reactive than the traditional MACD. And even more reactive than the MACD Zero Lag
This is a proof of concept that Pinescript...
The script draws a moving average which responds to trend changes extraordinary fast!
It's calculated using Momentum, Acceleration and Probability (Psychological Effect) by interfering the Golden Ratio!
I got the idea thanks to Tradingview user DGT (dgtrd) and his/her excellent descriptions.
The indicator is simplified for users and the default settings work...
Price moved up either by volume (Number of trades/ News/ Buy call) or itself (Operator/ Profitability/ Future).
Every companies issued fixed number of shares. But have you figured about...
How many shares are being trades actively per day? How many shares are holding tight by shareholders for long term?
This could be used to estimate from the percentage...
Thought it would be interesting to look into psychological barriers (round numbers) denominated in foreign currencies and see where those barriers show up on a USD chart.
I did a couple of quick and superficial Internet searches to get an idea of which USD pairs are being used the most to trade Bitcoin. My conclusion is that the most relevant currencies are the...
This indicator diplays the total value of long positions and short positions for an asset on Bitfinex. For example, for the Bitfinex BTCUSD symbol, a value of 30000 longs means the total value of all margin long contracts on Bitfinex is 30000 BTC.
"resolve_error" is normal and expected, depending on how you're using the indicator. I use it on the BitMEX XBTUSD...
Based on contrary opinion in futures, I've adjusted this to Bitcoin, more thoroughly Bitfinex margin longs & shorts. Those unfamiliar with the concept, contrary opinion illustrates the psychological sentiment in the market by determining the degree of bullishness or bearishness among participants in the market.
The principle holds that when the majority of people...
Psychological line (PSY), as an indicator, is the ratio of the number of
rising periods over the total number of periods. It reflects the buying
power in relation to the selling power.
If PSY is above 50%, it indicates that buyers are in control. Likewise,
if it is below 50%, it indicates the sellers are in control. If the PSY
moves along the 50% area,...