CryptoMitchX Memecoin ShorterUpdate for "CryptoMitchX Memecoin Shorter" Indicator
New Features & Improvements:
Conditional Hiding of Recommendations:
SHORT Recommendations: These are now hidden when the RSI (Relative Strength Index) falls below 30, preventing signals during potentially oversold conditions.
Take Profit Recommendations: Hidden when the RSI goes above 60, avoiding signals in potentially overbought market conditions.
Refined Alert System:
Alerts for both SHORT and Take Profit signals now only trigger when the RSI conditions are met, ensuring more targeted notifications.
Code Optimization:
The script has been updated to address scope-related errors, improving its reliability and performance on the TradingView platform.
Technical Details:
RSI Implementation: The RSI is calculated with a 14-period length to determine market momentum.
Conditional Plotting: Instead of using direct conditional statements inside plotting functions, we now use boolean variables to control which signals are plotted, avoiding local scope issues.
Signal Tracking: Continues to track consecutive signals, but now with the added condition of RSI thresholds for more nuanced trading signals.
Usage:
Users will see a cleaner chart with signals only appearing when they are most relevant according to RSI levels, reducing false signals and improving the overall trading strategy experience.
I nstallation:
Simply update or replace the existing indicator script with this new version in your TradingView Pine Script editor.
Known Issues & Limitations:
This update does not include real sentiment analysis due to the limitations of Pine Script in accessing external data. The sentiment is simulated based on price volatility and direction.
Feedback:
We're eager to hear your feedback on these changes. If you encounter any issues or have suggestions for further improvements, please let us know.
Sentiment
US10Y 63-Day Range Percentage [TomasOnMarkets]Shows the relation of US Government Bonds 10 YR Yield to risk assets like S&P500.
When yields move to the 80th percentile of their rolling 1 quarter (63 day) range, the S&P500 struggles.
The indicator chart's background is painted with red when yields move over 80th percentile. Notice how the risk assets (eg S&P500) goes down in that range.
The indicator works pretty good for the S&P500.
Not as good for bitcoin, but maybe still useful
Credits:
Tomas (@TomasOnMarkets) - x.com/TomasOnMarkets/status/1881770106356641885
Warren Pies (@WarrenPies) - x.com/WarrenPies/status/1881480249139187974
Helicopter Volatility Detector v4This Indicator designed to measure market volatility specifically during reversal phases, while ignoring periods of strong trending movements. It helps traders identify when the market is experiencing frequent and significant price reversals, which are often accompanied by increased volatility.
This indicator is suitable for those who want to understand when there is high volatility in the market, such as when Jerome Powell speaks or economic data is released. It can help identify periods when large leveraged positions are likely to be liquidated.
SPK Sentiment IndicatorThis indicator analyzes various technical indicators, standardizes their values to a range between -1 and 1, applies weights, and calculates an average value, which is displayed on the diagram.
The diagram turns green when the sentiment is oversold and red when it is overbought.
The entry criteria are also simple. A long position should be taken when green changes to gray, and a short position when red changes to gray—on closed candles, of course.
VIX DualVIX Dual nasceu em 27.01.2025 com intuito de mesclar ferramentas e diferentes indicadores em uma única linha, que o trader possa identificar reversões através da divergência e também o início de movimentos promissores através do cruzamento do VIX.
Memecoin Shorter Indicator by CryptoMitchXMemecoin Shorter Indicator by CryptoMitchX
Introducing the "Memecoin Shorter Indicator" designed for traders looking to capitalize on the volatile nature of memecoins. This is built on the concept that MemeCoins can't sustain their rallies and that profits move into safer cryptocurrencies like Bitcoin or Stablecoins.
This indicator combines momentum, volume, and sentiment analysis to signal shorting opportunities with a cap at two consecutive signals to manage risk effectively.
Key Features:
Momentum Analysis: Uses Simple Moving Averages (SMA) to detect when the short-term trend crosses below the long-term trend, indicating potential downward momentum.
Volume Spike Detection: Identifies significant volume increases that could signify a reversal or continuation of a downtrend.
Simulated Sentiment Analysis: Monitors price volatility to simulate sentiment, suggesting "Take Profit" when conditions hint at negative market sentiment.
How to Use:
SHORT: The indicator marks "SHORT" on the chart when conditions are met to initiate a short position. This happens when negative momentum, volume spikes, or simulated negative sentiment are combined.
Take Profit: Signals to take profit after initiating a short position, again limited to two consecutive signals.
Strategies and Tips for Optimization:
Backtesting and Forward Testing:
Before live trading, backtest this indicator with historical data to see how it performs over different market conditions, especially during memecoin pump-and-dump cycles.
Use forward testing in a demo account to understand real-time performance without financial risk.
Customization:
Adjust the short_sma_length and long_sma_length according to the asset's volatility. More volatile memecoins might require shorter periods for quicker signals.
Modify volume_spike_threshold to be more or less sensitive to volume changes based on the average trading volume of the asset.
Risk Management:
Since this indicator allows for two consecutive signals, set strict stop-losses to manage risk. Consider the percentage drop from your entry price where you are comfortable cutting losses.
Use this indicator in conjunction with other technical analysis tools like RSI or MACD for confirmation signals to increase the reliability of your trades.
Market Context:
Understand the broader market sentiment towards memecoins. This indicator works best in bearish or highly volatile scenarios. Keep an eye on news and social media trends that could affect memecoin prices.
Trade Sizing:
Due to the speculative nature of memecoins, consider smaller position sizes to manage potential losses. Even with only two consecutive signals, losses can accumulate quickly in volatile markets.
Exit Strategy:
Beyond taking profit on signals, consider setting a trailing stop loss or using a time-based exit strategy if the market doesn't move as expected after your entry.
Alert Utilization:
Set up alerts for both SHORT and Take Profit signals to monitor opportunities without needing constant chart watching.
Remember, trading meme coins involves high risk due to their speculative nature and susceptibility to manipulation. Always trade with what you can afford to lose and use this indicator as part of a broader trading strategy.
Note: This indicator simulates sentiment based on price action; for real sentiment analysis, external data integration would be necessary, which is beyond the scope of Pine Script in TradingView.
9/21 EMA_DSWThe 9 and 21 Exponential Moving Average (EMA) crossover is a popular technical indicator used by traders to identify potential buy and sell signals in the market. The 9 EMA is a shorter-term moving average, which responds more quickly to recent price movements, while the 21 EMA is a longer-term moving average that smooths out price action over a longer period. A bullish signal occurs when the 9 EMA crosses above the 21 EMA, suggesting upward momentum and a potential buying opportunity. Conversely, a bearish signal occurs when the 9 EMA crosses below the 21 EMA, indicating downward momentum and a potential selling opportunity. Traders often use this crossover in combination with other indicators, such as volume or RSI, to confirm the strength of the trend. The strategy is commonly applied in various time frames, from intraday charts to longer-term setups, and is widely used for trend-following strategies. However, it’s essential to keep in mind that the EMA crossover strategy can produce false signals in choppy or sideways markets.
AkiSignals PD Ratio Momentum StrategyDescription: Unlock the power of market momentum with the AkiSignals PD Ratio Momentum Strategy. This proprietary strategy leverages the Price-Divergence Ratio (PD) to identify optimal entry points for both long and short trades. Built with precision and designed for traders who value accurate, data-driven trading signals, this tool is tailored for maximum profitability.
How It Works:
Short-Term vs. Long-Term EMAs: The strategy compares short-term and long-term Exponential Moving Averages (EMAs) to calculate the momentum ratio.
Momentum Calculation: The momentum ratio is then smoothed for better clarity, allowing you to spot trends and reversals with precision.
Entry Signals: The strategy automatically generates Long entries when momentum crosses above 1 and Short entries when momentum crosses below 1, taking advantage of market fluctuations.
Risk Management: Customizable stop-loss and take-profit levels ensure your trades are secured, with dynamic risk/reward settings that maximize potential profits.
How You Can Make Money:
Automation for Consistency: This strategy automates the decision-making process, allowing you to trade without being glued to the screen.
Profitable Signals: The built-in stop-loss and take-profit system ensures you manage your risk while capturing the most favorable trades.
Works on Any Timeframe: Whether you trade on the 1-minute chart or daily timeframe, the strategy adapts to provide profitable signals across all market conditions.
Why This Is Unique:
Proprietary to AkiSignals: Developed by AkiSignals, this exclusive strategy is based on years of market research and data analysis, providing an edge for serious traders.
Tailored for Success: Unlike other generic strategies, the AkiSignals PD Ratio Momentum Strategy is customized for precision, taking into account the most relevant market factors.
Access:
To gain access to this exclusive strategy, you must purchase a subscription. Only paid users will receive the script, ensuring that only committed traders benefit from this proprietary tool.
Subscribe now and start making smarter trades with the AkiSignals PD Ratio Momentum Strategy!
Contact us via DM or visit akisignals.com website
Dynamic Ticks Oscillator Model (DTOM)The Dynamic Ticks Oscillator Model (DTOM) is a systematic trading approach grounded in momentum and volatility analysis, designed to exploit behavioral inefficiencies in the equity markets. It focuses on the NYSE Down Ticks, a metric reflecting the cumulative number of stocks trading at a lower price than their previous trade. As a proxy for market sentiment and selling pressure, this indicator is particularly useful in identifying shifts in investor behavior during periods of heightened uncertainty or volatility (Jegadeesh & Titman, 1993).
Theoretical Basis
The DTOM builds on established principles of momentum and mean reversion in financial markets. Momentum strategies, which seek to capitalize on the persistence of price trends, have been shown to deliver significant returns in various asset classes (Carhart, 1997). However, these strategies are also susceptible to periods of drawdown due to sudden reversals. By incorporating volatility as a dynamic component, DTOM adapts to changing market conditions, addressing one of the primary challenges of traditional momentum models (Barroso & Santa-Clara, 2015).
Sentiment and Volatility as Core Drivers
The NYSE Down Ticks serve as a proxy for short-term negative sentiment. Sudden increases in Down Ticks often signal panic-driven selling, creating potential opportunities for mean reversion. Behavioral finance studies suggest that investor overreaction to negative news can lead to temporary mispricings, which systematic strategies can exploit (De Bondt & Thaler, 1985). By incorporating a rate-of-change (ROC) oscillator into the model, DTOM tracks the momentum of Down Ticks over a specified lookback period, identifying periods of extreme sentiment.
In addition, the strategy dynamically adjusts entry and exit thresholds based on recent volatility. Research indicates that incorporating volatility into momentum strategies can enhance risk-adjusted returns by improving adaptability to market conditions (Moskowitz, Ooi, & Pedersen, 2012). DTOM uses standard deviations of the ROC as a measure of volatility, allowing thresholds to contract during calm markets and expand during turbulent ones. This approach helps mitigate false signals and aligns with findings that volatility scaling can improve strategy robustness (Barroso & Santa-Clara, 2015).
Practical Implications
The DTOM framework is particularly well-suited for systematic traders seeking to exploit behavioral inefficiencies while maintaining adaptability to varying market environments. By leveraging sentiment metrics such as the NYSE Down Ticks and combining them with a volatility-adjusted momentum oscillator, the strategy addresses key limitations of traditional trend-following models, such as their lagging nature and susceptibility to reversals in volatile conditions.
References
• Barroso, P., & Santa-Clara, P. (2015). Momentum Has Its Moments. Journal of Financial Economics, 116(1), 111–120.
• Carhart, M. M. (1997). On Persistence in Mutual Fund Performance. The Journal of Finance, 52(1), 57–82.
• De Bondt, W. F., & Thaler, R. (1985). Does the Stock Market Overreact? The Journal of Finance, 40(3), 793–805.
• Jegadeesh, N., & Titman, S. (1993). Returns to Buying Winners and Selling Losers: Implications for Stock Market Efficiency. The Journal of Finance, 48(1), 65–91.
• Moskowitz, T. J., Ooi, Y. H., & Pedersen, L. H. (2012). Time Series Momentum. Journal of Financial Economics, 104(2), 228–250.
Detección de Rechazo Ajustable con EMAsEste indicador está diseñado para identificar y marcar los rechazos en las velas basándose en las sombras (superior e inferior) y validar la dirección del precio a través de dos medias móviles exponenciales (EMAs) de 9 y 21 periodos. El objetivo es detectar momentos en los que el precio muestra una fuerte resistencia o soporte, lo que puede indicar una posible reversión o continuación de la tendencia.
Componentes del Indicador:
Entradas Ajustables desde la Consola:
Umbral de Rechazo Superior (%): Este parámetro permite ajustar el porcentaje mínimo de rechazo en la sombra superior de la vela para que sea considerado significativo. El valor predeterminado es 50%.
Umbral de Rechazo Inferior (%): Similar al anterior, pero se aplica a la sombra inferior de la vela. También se ajusta en porcentaje.
Cálculo de las EMAs:
EMA de 9 periodos: Esta media móvil exponencial de corto plazo sigue más de cerca el precio actual y es más sensible a cambios rápidos en la dirección del mercado.
EMA de 21 periodos: Esta EMA de mayor plazo refleja la tendencia general del mercado, ayudando a suavizar las fluctuaciones y proporcionando una perspectiva más amplia de la tendencia.
Cálculo de las Sombras de la Vela:
Rechazo Superior: Se calcula como la diferencia entre el máximo de la vela (high) y el valor máximo entre el precio de apertura y cierre (open o close). Esto refleja cuánto ha subido el precio durante la formación de la vela antes de retroceder.
Rechazo Inferior: Se calcula como la diferencia entre el valor mínimo entre el precio de apertura y cierre (open o close) y el mínimo de la vela (low). Esto refleja cuánto ha bajado el precio antes de rebotar hacia arriba.
Porcentaje de Rechazo:
El porcentaje de rechazo se calcula dividiendo el valor de la sombra superior o inferior entre el rango total de la vela (diferencia entre high y low), multiplicado por 100. Esto da el porcentaje de la vela que está representado por la sombra.
Porcentaje de Rechazo Superior: (upper_rejection / (high - low)) * 100
Porcentaje de Rechazo Inferior: (lower_rejection / (high - low)) * 100
Detección de Rechazo Significativo:
Si el porcentaje de la sombra superior o inferior excede el umbral definido por el usuario, se considera que ha ocurrido un "rechazo significativo". Este rechazo se marca en el gráfico con una señal visual.
Validación de la Dirección del Precio con las EMAs:
Tendencia Alcista (Bullish): Si la EMA de 9 está por encima de la EMA de 21, se considera que el mercado está en una tendencia alcista.
Tendencia Bajista (Bearish): Si la EMA de 9 está por debajo de la EMA de 21, se considera que el mercado está en una tendencia bajista.
Detección de Rechazo en la Dirección de la Tendencia:
En una tendencia alcista (cuando la EMA de 9 está por encima de la EMA de 21), se detecta un rechazo significativo solo si ocurre en la sombra inferior (bajista). Esto sugiere que el precio está siendo rechazado hacia abajo, pero sigue en la dirección de la tendencia alcista.
En una tendencia bajista (cuando la EMA de 9 está por debajo de la EMA de 21), se detecta un rechazo significativo solo si ocurre en la sombra superior (alcista). Esto sugiere que el precio está siendo rechazado hacia arriba, pero sigue en la dirección de la tendencia bajista.
Visualización de las Señales:
Señales de Rechazo Inferior en Tendencia Alcista: Se muestran como cruces rojas en la parte inferior de la vela cuando el rechazo ocurre en la sombra inferior durante una tendencia alcista.
Señales de Rechazo Superior en Tendencia Bajista: Se muestran como cruces verdes en la parte superior de la vela cuando el rechazo ocurre en la sombra superior durante una tendencia bajista.
Etiquetas de Rechazo: Además de las señales visuales, el indicador puede mostrar el porcentaje de rechazo en cada vela significativa, con etiquetas que indican el valor exacto del rechazo en porcentaje.
Análisis Avanzado de Volumen con MFI y A/DEste indicador personalizado en Pine Script ofrece un análisis integral del volumen y la acción del precio, incorporando múltiples herramientas técnicas. Clasifica el volumen en categorías de normal, elevado e institucional, y proporciona interpretaciones basadas en el Índice de Fuerza Relativa (RSI), las Bandas de Bollinger, el Índice de Flujo de Dinero (MFI) y el Indicador de Acumulación/Distribución (A/D). Además, muestra una tabla interpretativa en el gráfico que ayuda a los traders a comprender mejor las condiciones actuales del mercado y a tomar decisiones informadas
FiftyFVGs by SiriusThe "FiftyFVGs by Sirius" is a Pine Script™ indicator designed to identify and visualize Fair Value Gaps (FVGs) on different timeframes. These gaps represent areas in price action where imbalances occur, providing insights for potential support and resistance levels. The script integrates customizable parameters for flexibility in adjusting appearance, behavior, and timeframe-specific configurations.
Key Features:
Multi-Timeframe FVG Analysis
The indicator supports analysis on multiple timeframes (e.g., 1-minute, 5-minute, up to 4-hour).
It calculates FVGs for each timeframe and displays them on the chart using configurable colors and transparency.
FVG Visualization
Bullish FVGs: Gaps formed when the low of a future candle is above the high of a previous one.
Bearish FVGs: Gaps formed when the high of a future candle is below the low of a previous one.
The gaps are displayed as rectangles on the chart with optional labels, border colors, and 50% midpoint lines.
Customizable Parameters
Colors: Separate settings for bullish and bearish FVGs.
Transparency: Adjustable for the body, border, and center line.
Labels: Configurable text, size, alignment, and visibility.
Border Styles: Width and type of the border around FVGs.
Center Line Display
A 50% midpoint line is drawn for each FVG, helping traders identify key levels within the gap.
The thickness of the center line can be adjusted.
Filtering and Deletion
FVGs below a certain size threshold can be filtered out.
Completed FVGs (those fully covered by subsequent price action) are automatically removed from the chart.
Scalability
The indicator can plot up to 500 lines, labels, and boxes, ensuring performance on high-density charts.
Timeframe Conversion
The script converts timeframe inputs into user-friendly labels (e.g., "M15" for 15-minute charts).
It ensures accurate alignment of FVGs to the defined time intervals.
Parameter Categories:
Timeframe Settings
Users can define the timeframes to analyze. Each timeframe has its own group of parameters for tailored configurations.
FVG Appearance
Colors for bullish and bearish gaps.
Border and fill transparency.
Midpoint Line
Visibility, color, thickness, and style of the 50% midpoint line.
Label Options
Custom text for FVG labels.
Alignment, size, and visibility.
Common Settings
Maximum extension of FVG boxes.
Multiplier for thickness adjustments across timeframes.
Use Cases:
Intraday Trading: Identifying short-term imbalances on lower timeframes like 1-minute or 5-minute charts.
Swing Trading: Highlighting support/resistance levels on higher timeframes such as 4-hour or daily charts.
Confirmation Tool: Aligning FVG levels with other technical indicators or price action strategies.
This indicator is an advanced yet user-friendly tool for traders who want to identify and act upon price imbalances across multiple timeframes. Its comprehensive customization options allow adaptation to any trading style.
9:30-10:30 range success rates
Imagine you're playing a game where you watch numbers go up and down, like a bouncing ball. In this game, there's a special zone between 930 and 1030 - think of it like a fence.
Sometimes, when the numbers fall below the fence (below 930), traders want to know if the numbers will bounce back up and touch the top of the fence (1030). Looking at past games, they found that about two out of three times, the numbers do bounce back up to touch the top.
This helps traders decide if they want to "bet" that the numbers will keep going down (called taking "shorts") or if they might bounce back up. It's like predicting which way a ball will bounce!
But remember, just like you can't always guess where a bouncing ball will go, this pattern doesn't work every single time - it just helps make better guesses.
www.youtube.com
Custom RSI + OBV Scalping Indicator 8080A custom indicator combining RSI (Relative Strength Index) and OBV (On-Balance Volume) can be helpful for scalping by merging momentum and volume signals.
Global Relevant Events MarkerThe Global Relevant Events Marker script is designed to mark significant global events on a chart, such as economic crises or major geopolitical events. It uses vertical lines to indicate the exact dates of these events and places labels (optional) near the lines to provide a description of the event.
Trend with ADX/EMA - Buy & Sell SignalsThis script is designed to help traders make buy and sell decisions based on trend analysis using two key methods: ADX (Average Directional Index) and EMA (Exponential Moving Averages). Here's a breakdown in simple terms:
What Does It Do?
Identifies the Trend's Strength and Direction:
Uses the ADX indicator to determine how strong the trend is.
Compares two lines (DI+ and DI−) to identify whether the trend is moving up or down.
Generates Buy and Sell Signals:
Uses two EMAs (a fast one and a slow one) to check when the price crosses key levels, signaling a possible buy or sell opportunity.
Plots visual indicators (arrows and labels) for easy interpretation.
Color-Codes the Chart:
Highlights the background in green when the trend is bullish (uptrend).
Highlights the background in red when the trend is bearish (downtrend).
Alerts the User:
Creates alerts when specific conditions for buying or selling are met.
Key Components:
1. ADX (Trend Strength & Direction)
What is ADX?
ADX measures how strong the trend is (not the direction). Higher ADX means a stronger trend.
It also calculates two lines:
DI+: Measures upward movement strength.
DI−: Measures downward movement strength.
How It Works in the Script:
If DI+ is greater than DI−, it’s a bullish trend (upward).
If DI− is greater than DI+, it’s a bearish trend (downward).
The background turns green for an uptrend and red for a downtrend.
2. EMA (Buy and Sell Decisions)
What is EMA?
EMA is a moving average that gives more weight to recent prices. It’s used to smooth out price fluctuations.
How It Works in the Script:
The script calculates two EMAs:
Fast EMA (short-term average): Reacts quickly to price changes.
Slow EMA (long-term average): Reacts slower and shows overall trends.
When the Fast EMA crosses above the Slow EMA, it’s a signal to Buy.
When the Fast EMA crosses below the Slow EMA, it’s a signal to Sell.
These signals are marked on the chart as "Buy" and "Sell" labels.
3. Buy and Sell Alerts
The script sets up alerts for the user:
Buy Alert: When a crossover indicates a bullish signal.
Sell Alert: When a crossunder indicates a bearish signal.
Visual Elements on the Chart:
Background Colors:
Green: When the DI+ line indicates an uptrend.
Red: When the DI− line indicates a downtrend.
EMA Lines:
Green Line: Fast EMA.
Red Line: Slow EMA.
Buy/Sell Labels:
"Buy" label: Shown when the Fast EMA crosses above the Slow EMA.
"Sell" label: Shown when the Fast EMA crosses below the Slow EMA.
Why Use This Script?
Trend Analysis: Helps you quickly identify the strength and direction of the market trend.
Buy/Sell Signals: Gives clear signals to enter or exit trades based on trend and EMA crossovers.
Custom Alerts: Ensures you never miss a trading opportunity by notifying you when conditions are met.
Visual Simplicity: Makes it easy to interpret trading signals with color-coded backgrounds and labeled arrows.
Emergent Rays - NovaTheMachineEmergent Rays
An emergent ray is a refracted ray of light that exits a medium or channel. Emergent rays can be created when light passes through a prism, glass slab, or mirror
This visual indicator has been designed to aid in developing psychological understanding of price action. Many traders often struggle with developing strategy that they can act on, repeatedly. The difference between gambling and trading successfully comes down to following a plan, that you have tested and determined to be profitable over the long term.
Some traders experience anxiety when trading trends, trying to time a reversal, or entering a trade based on emotions and are unsure where they should place a stop - if they bother to place one at all.
I developed this indicator to help traders practice responsible trading practices and develop discipline. When applied to a chart an array of light rays will be plotted, similarly to those that are emitted from light passing through a medium such as a prism. These rays are a series of EMAs high & low values, filled with an assigned color.
The indicator does not suggest an entry or exit, it allows for freedom of user interpretation, however - when in a trending market you may notice that the rays are tested multiple times when the market is trending in the same direction. When trading trends it makes sense to enter at the discounted value (pullbacks) and exit on extensions. There are two main reasons for this; first is manage risk, second is to profit from a successful trade.
To practice discipline and remove emotions from trading, one must be willing to accept the outcome of a trade - regardless of whether it was profitable or not, based on their strategy.
The visual gradient of the rays signifies the pullback to stoploss risk. As price expands it is clear to see that the distance from red to blue rays increases, which means entering a trade on a touch of the red ray requires a larger stoploss than entering a pullback to the green or blue rays. When price closes on the opposite side of a ray from where it was trending - we accept the trend may have ended and must wait for the next trend cycle. If the price action is range bound we will notice the rays melting together to create a grey ray that signifies this is not the best place to be trading any type of trend following strategy.
Using this indicator in an uptrend (price expansion upwards), we look to enter long positions of retests (pullbacks) into the rays - with a stoploss set below the lowest rays; as we do not believe the uptrend is over until the trend has been broken.
Using this indicator in a downtrend (price expansion downwards), we look to enter short positions of retests (pullbacks) into the rays - with a stoploss set below the lowest rays; as we do not believe the uptrend is over until the trend has been broken.
When price is range bound or consolidating, we do not enter trades; wait for clear trend to be established.
By practicing discipline, we are able to overcome the emotions involved with trading, remove hesitation, and trade our plans more confidently through appropriate risk management and radical acceptance.
Net Unrealized Profit Loss | JeffreyTimmermansNet Unrealized Profit Loss (NUPL)
The "Net Unrealized Profit Loss" (NUPL) indicator is a highly regarded tool for assessing Bitcoin investor sentiment by analyzing the relationship between Market Value and Realized Value. This Pine Script implementation, developed by Jeffrey Timmermans, includes additional features such as dynamic labels, alerts, and thresholds with color-coded bands, enhancing its usability for traders and analysts.
Core Concepts Behind NUPL
Market Value (MV):
Defined as the current Bitcoin price multiplied by the number of coins in circulation.
Equivalent to market capitalization in traditional finance.
Realized Value (RV):
Calculated by considering the price at which each Bitcoin last moved (e.g., transferred between wallets).
The average price of all these transactions is multiplied by the total coins in circulation.
Net Unrealized Profit Loss (NUPL):
Formula: NUPL = (Market Value − Realized Value) : Market Value × 100
Measures the proportion of paper profits or losses held by investors relative to the market cap.
Significance of NUPL:
Tracks investor sentiment over time.
A high NUPL value indicates that most investors are in profit, often signaling potential market overheating.
A low or negative NUPL suggests pessimism and undervaluation, which may precede market recovery.
How to View the Chart
The NUPL chart uses distinct percentage bands to delineate various market phases. These bands provide context for understanding investor sentiment and market stages:
Extreme Low Values (< 0%): Indicates widespread losses; the market may be near capitulation.
Neutral Value (0%): A balance between profit and loss; often signifies a transition phase.
Slightly High to High Values (> 0% to 50%): Increasing profits suggest growing optimism; early stages of bullish trends.
Extreme High Values (> 75%): Signals overheating; often corresponds to excessive greed, which may precede corrections.
The colored bands visually represent these stages, enabling traders to identify key turning points.
Features of the Script
Querying Data
The indicator uses data from two key sources:
Bitcoin Market Cap (MC1): GLASSNODE:BTC_MARKETCAP
Bitcoin Realized Cap (MCR): COINMETRICS:BTC_MARKETCAPREAL
These values are fetched using the request.security function to ensure daily accuracy, regardless of the chart's timeframe.
Threshold Calculation
The script computes NUPL values dynamically and compares them against historical lows:
Calculated using the ta.lowest function over a 1,000-bar lookback period.
The average of the historical low and the current NUPL value, providing a dynamic baseline.
Value Classification
NUPL is categorized into sentiment levels with corresponding weights:
< Low Threshold: 1 (Extreme Bearish)
Low to 0: 0.75 (Moderate Bearish)
0 to 25: 0.25 (Neutral to Slightly Bullish)
25 to 50: -0.25 (Moderate Bullish)
50 to 75 : -0.75 (Strong Bullish)
> 75: -1 (Extreme Bullish)
Visual Elements
NUPL Line Plot:
The NUPL line is plotted in orange for clear visibility.
Threshold Bands:
Horizontal thresholds ranging from -160 to 160 and are plotted, representing key sentiment levels. Bands are categorized as:
Extreme High/Low Values
Significant High/Low Values
Neutral Values
Fill Colors:
Red Shades (Bearish Sentiment): Above neutral levels.
Green Shades (Bullish Sentiment): Below neutral levels.
The opacity of fills decreases as sentiment moves from extreme to neutral values.
Dynamic Label:
A real-time label displays the current NUPL value and sentiment classification.
Positioned directly on the NUPL line for immediate insight.
Alerts:
The indicator includes two alerts for crossing key thresholds:
NUPL Above 0% Alert: Triggers when NUPL crosses above the neutral value, signaling a shift to positive sentiment.
NUPL Below 0% Alert: Triggers when NUPL crosses below the neutral value, indicating a shift to negative sentiment.
Alerts are configured with alert.freq_once_per_bar to avoid redundancy during intra-bar fluctuations.
Use Cases
Identifying Market Extremes:
Use NUPL levels to pinpoint moments of extreme greed or fear, which often precede market reversals.
Long-Term Strategy:
NUPL trends can assist strategic investors in deciding when to accumulate during pessimistic phases or take profits during euphoria.
Market Sentiment Analysis:
Provides a macro perspective on the prevailing investor sentiment, offering valuable context for trading decisions.
Conclusion
The Net Unrealized Profit Loss (NUPL) indicator combines advanced data processing with intuitive visualization to deliver actionable insights into Bitcoin market sentiment. With its real-time alerts, dynamic labels, and comprehensive banding system, this tool is indispensable for traders and investors seeking to understand and anticipate market movements based on sentiment analysis.
-Jeffrey
Demand and Supply Zones Intraday Strategy(SAMARESH PANDA)Explanation:
Input Parameters:
length: Determines the number of bars to look back for identifying the highest and lowest prices to mark demand and supply zones.
zoneBuffer: A buffer in pips to place the stop and limit orders near the identified demand and supply zones.
Demand and Supply Zones:
The script identifies demand zones as the lowest low over the past length bars and supply zones as the highest high over the same period.
Buy (Long) Condition:
A buy signal is generated when the price crosses above the demand zone from below and the price closes above the demand zone.
Sell (Short) Condition:
A sell signal is generated when the price crosses below the supply zone from above and the price closes below the supply zone.
Stop and Limit Orders:
For long trades, the stop is placed just below the demand zone (zoneBuffer), and the limit is placed just above the demand zone.
For short trades, the stop is placed just above the supply zone (zoneBuffer), and the limit is placed just below the supply zone.
Exit Conditions:
The long position is closed when the price moves above the supply zone.
The short position is closed when the price moves below the demand zone.
Additional Notes:
Customization: You can modify the length and zoneBuffer values to adjust how sensitive the strategy is to price action and the zone buffers.
Risk Management: You may want to add additional filters for volume, indicators like RSI/MACD, or other market conditions to filter out false signals.
Testing & Optimization: As with any strategy, it's important to backtest and optimize it according to your preferred market conditions and risk tolerance.
Using the Strategy:
Apply the script to a 1-hour or 30-minute chart for identifying the demand and supply zones.
For better precision in entry, you can switch to a lower timeframe (like 5-minute or 15-minute) to execute your trades more accurately when the price reaches a demand or supply zone.
The buy and sell signals will appear on the chart as green (BUY) and red (SELL) labels.
Example of Execution:
Long Entry: The price closes above the demand zone and crosses up. A long position is opened with a stop below the demand zone and a limit near it.
Short Entry: The price closes below the supply zone and crosses down. A short position is opened with a stop above the supply zone and a limit near it.
This strategy works best in trending markets where price tends to respect these zones. Make sure to monitor the strategy closely and adjust it based on market volatility or changes in the broader trend.
You said:
create a pine script pivot point standard for buy sell
ChatGPT said:
ChatGPT
Sure! Below is a Pine Script that implements the Pivot Point Standard for intraday trading, with buy and sell signals based on the pivot point strategy.
Pivot points are calculated based on the previous day’s high, low, and close prices, and they are widely used in intraday trading to determine potential support and resistance levels.
Intraday Chaos FilterIntraday trading requires precise tools and strategies to navigate the chaotic fluctuations of the market. The "Intraday Chaos Filter" indicator is designed to provide traders with a systematic approach to managing market noise. This Pine Script™ indicator helps identify potential trend shifts and provides a visual representation of price action, aiding in making informed trading decisions. By focusing on reducing market chaos, it aims to provide a clearer picture of the underlying trend, regardless of the volatility.
At the heart of the indicator lies the multiplier input, a customizable setting that adjusts the sensitivity of the filter. The multiplier directly influences the chaos threshold by determining the percentage deviation allowed before signaling a trend reversal. A higher multiplier results in a less sensitive filter, reducing the number of signals during minor price fluctuations. This flexibility allows traders to adapt the indicator to different trading styles and market conditions, making it versatile for a range of intraday strategies.
The "Intraday Chaos Filter" operates by tracking two key price levels: src1 and src2, representing the highest and lowest prices during a trend. These levels are dynamically adjusted based on the closing price, ensuring that the indicator adapts in real time. The trend direction is determined by comparing the current price against a calculated filter level. When the price crosses the threshold in either direction, it signals a potential trend reversal, marked by a change in candle colors on the chart. Green represents an upward trend, while red signifies a downward trend, making it visually intuitive for traders.
This indicator's simplicity and clarity make it a valuable addition to any trader's toolkit. By focusing on trend direction and filtering out minor fluctuations, it helps traders stay focused on significant market movements. The integration of customizable settings ensures adaptability to various trading preferences, providing both novice and experienced traders with a reliable tool for intraday decision-making. The "Intraday Chaos Filter" offers an effective way to navigate market noise, enabling traders to identify opportunities with confidence.
Codi's Perp-Spot Basis# Perp-Spot Basis Indicator
This indicator calculates the percentage basis between perpetual futures and spot prices for crypto assets. It is inspired by the original concept from **Krugermacro**, with the added improvement of **automatic detection of the asset pairs** based on the current chart symbol. This enhancement makes it faster and easier to apply across different assets without manual configuration.
## How It Works
The indicator compares the perpetual futures price (e.g., `BTCUSDT.P`) to the spot price (e.g., `BTCUSDT`) on Binance. The difference is expressed as a percentage: (Perp - Spot) / Spot * 100
The results are displayed in a color-coded graph:
- **Blue (Positive Basis):** Perpetual futures are trading at a premium, indicating **bullish sentiment** among derivatives traders.
- **Red (Negative Basis):** Perpetual futures are trading at a discount, indicating **bearish sentiment** among derivatives traders.
This percentage basis is a core component in understanding funding rates and derivatives market dynamics. It serves as a faster proxy for funding rates, which typically lag behind real-time price movements.
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## How to Use It
### General Concept
- **Red (Negative Basis):** Ideal to execute **longs** when derivatives traders are overly bearish.
- **Blue (Positive Basis):** Ideal to execute **shorts** when derivatives traders are overly bullish.
### Pullback Sniping
1. During an **uptrend**:
- If the basis turns **red** temporarily, it can signal an opportunity to **buy the dip**.
2. During a **downtrend**:
- If the basis turns **blue** temporarily, it can signal an opportunity to **sell the rip**.
3. Wait for the basis to **pop back** (higher in uptrend, lower in downtrend) to time entries more effectively—this often coincides with **stop runs** or **liquidations**.
### Intraday Execution
- **When price is falling**:
- If the basis is **red**, the move is derivatives-led (**normal**).
- If the basis is **blue**, spot traders are leading, and perps are offside—wait for **price dumps** before longing.
- **When price is rising**:
- If the basis is **blue**, the move is derivatives-led (**normal**).
- If the basis is **red**, spot traders are leading, and perps are offside—wait for **price pops** before shorting.
### Larger Time Frames
- **Consistently Blue Basis:** Indicates a **bull market** as derivatives traders are bullish over the long term.
- **Consistently Red Basis:** Indicates a **bear market** as derivatives traders are bearish over the long term.
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## Improvements Over the Original
This version of the Perp-Spot Basis indicator **automatically detects the Binance perpetual futures and spot pairs** based on the current chart symbol. For example:
- If you are viewing `ETHUSDT`, it automatically references `ETHUSDT.P` for the perpetual futures pair and `ETHUSDT` for the spot pair in BINANCE.
