WHALE SIGNAL 4H
WHALE SIGNAL 4H BASED ON VOLUME CHANGE AND MOVING AVERAGE
This script aims to highlight potential whale signals on the 4-hour timeframe by analyzing volume changes, and it provides options for customization through input parameters. Whale signals are then displayed on the chart with different colors for the last hit and the previous hits. The Detector parameter adds flexibility to consider neighboring bars in the detection process, Let's break down the key components:
1/The script defines input parameters that users can customize:
-VCH (Volume Change on 4H candle) with a default value of 3, 3 times the MA Value.
-Length_240 (Moving Average length for the last 21 bars on the 4-hour timeframe).
-Detector (a boolean parameter to enable or disable whale detection in the previous or next bar).
2/Logic Section:
The script defines a function bar(hit) to convert the bar index based on the timeframe.
It calculates the Volume Change (whale signal) by comparing the current volume with a threshold (VCH * vma).
The Detector parameter allows for flexibility in detecting whale signals in neighboring bars.
3/ Plotting Section:
The script defines a function is_whale() to check if there is a whale signal and if it occurred in the last three bars.
It uses the plot function to display whale signals on the chart with different colors and offsets.
Whale
BTC's #4 Whale Sells [TheSecretGuy]Hello there !
I have been tracking BTC richests wallets for some time - and one of them seems to be aligning its sells pretty well with what the market is about to do.
BTC's Whale #3 (now Whale #4) has been selling his BTC in very crutial moments - therefore I felt that converting this into an indicator will give us a pretty visual feedback of what that Whale expects to happen at a given point.
In order to do that, I have listed manually all of his sells (dates) until today and placed a vertical line on the chart on each of these dates.
This sadly can't be automated as Pinescript language doesn't allow to reach outter data - I'd need to update this manually.
Hope this helps you a bit, Cheers!
[blackcat] L1 ALMA Trend ScalperLevel: 1
Background
The Arnaud Legoux Moving Average (ALMA) indicator was recently added to the family of moving averages. It was developed in 2009 by Arnaud Legous and Dimitrios Kouzis Loukas. Since then, this indicator has gained huge popularity among traders.
ALMA works like any moving average work. However, the calculation of the ALMA is more perfect compared to the moving average. This indicator has minimal lag which makes it a leading indicator in the market. While the SMA, MA, EMA and SMMA signal line is often delayed. The ALMA was designed to address the two critical disadvantages of traditional moving averages, responsiveness and smoothness.
Function
L1 ALMA Trend Scalper is simple but powerful. This indicator makes full use of ALMA's rapid response advantage to provide buying and selling points by winding and crossing two short-term moving averages. A mid-term moving average can provide relatively effective support and pressure. Finally, the function of whale pump detection is simply realized through the characteristics of the moving average.
Key Signal
trendline --> mid term moving average for support and resistance
tradingline ---> basic element for fast line and slow line
fastline ---> fast line for short term
slowline --> slow line for short term
pumpstart ---> simple whale pump zone detection
Pros and Cons
Pros:
1. Simple but clear to see the trend reversals
2. Aux middle term moving average help just whether it is a true or fake breakout
Cons:
1. No advanced trading skill is incorporated
2. Need improvements on sideways.
Remarks
Just be simple but powerful
Readme
In real life, I am a prolific inventor. I have successfully applied for more than 60 international and regional patents in the past 12 years. But in the past two years or so, I have tried to transfer my creativity to the development of trading strategies. Tradingview is the ideal platform for me. I am selecting and contributing some of the hundreds of scripts to publish in Tradingview community. Welcome everyone to interact with me to discuss these interesting pine scripts.
The scripts posted are categorized into 5 levels according to my efforts or manhours put into these works.
Level 1 : interesting script snippets or distinctive improvement from classic indicators or strategy. Level 1 scripts can usually appear in more complex indicators as a function module or element.
Level 2 : composite indicator/strategy. By selecting or combining several independent or dependent functions or sub indicators in proper way, the composite script exhibits a resonance phenomenon which can filter out noise or fake trading signal to enhance trading confidence level.
Level 3 : comprehensive indicator/strategy. They are simple trading systems based on my strategies. They are commonly containing several or all of entry signal, close signal, stop loss, take profit, re-entry, risk management, and position sizing techniques. Even some interesting fundamental and mass psychological aspects are incorporated.
Level 4 : script snippets or functions that do not disclose source code. Interesting element that can reveal market laws and work as raw material for indicators and strategies. If you find Level 1~2 scripts are helpful, Level 4 is a private version that took me far more efforts to develop.
Level 5 : indicator/strategy that do not disclose source code. private version of Level 3 script with my accumulated script processing skills or a large number of custom functions. I had a private function library built in past two years. Level 5 scripts use many of them to achieve private trading strategy.
L2 KDJ with Whale Pump DetectorLevel: 2
Background
One of the biggest differences between cryptocurrency and traditional financial markets is that cryptocurrency is based on blockchain technology. Individual investors can discover the direction of the flow of large funds through on-chain transfers. These large funds are often referred to as Whale. Whale can have a significant impact on the price movements of cryptocurrencies, especially Bitcoin . Therefore, how to monitor Whale trends is of great significance both in terms of fundamentals and technical aspects.
The KDJ oscillator display consists of 3 lines (K, D and J - hence the name of the display) and 2 levels. K and D are the same lines you see when using the stochastic oscillator. The J line in turn represents the deviation of the D value from the K value. The convergence of these lines indicates new trading opportunities. Just like the Stochastic Oscillator, oversold and overbought levels correspond to the times when the trend is likely to reverse.
Function
L2 KDJ with Whale Pump Detector is a composite indicator that combines both KDJ and Whale Pump Detector. By virtue of this, fake signal of KDJ can be filtered out to some degree.
Key Signal
whalepump --> whale buy behavior will be detected and displayed in yellow histograms
k --> k value of a stochastic oscillator
d --> d value of a stochastic oscillator
j --> the deviation of the d value from the d value of a stochastic oscillator
Pros and Cons
Pros:
1. filter out KDJ fake signal by introducing whale buy/pump detector
2. J value can be used to detect overbought and oversold regions
Cons:
1. It works better in small time frame and sideways. Extreme long or short conditions may cause KDJ staturate.
2. It can only indicate in current time frame, larger time frame trend info is missing.
Remarks
Composite KDJ+Whale Pump Detector. Works fine in 15mins time frame.
Readme
In real life, I am a prolific inventor. I have successfully applied for more than 60 international and regional patents in the past 12 years. But in the past two years or so, I have tried to transfer my creativity to the development of trading strategies. Tradingview is the ideal platform for me. I am selecting and contributing some of the hundreds of scripts to publish in Tradingview community. Welcome everyone to interact with me to discuss these interesting pine scripts.
The scripts posted are categorized into 5 levels according to my efforts or manhours put into these works.
Level 1 : interesting script snippets or distinctive improvement from classic indicators or strategy. Level 1 scripts can usually appear in more complex indicators as a function module or element.
Level 2 : composite indicator/strategy. By selecting or combining several independent or dependent functions or sub indicators in proper way, the composite script exhibits a resonance phenomenon which can filter out noise or fake trading signal to enhance trading confidence level.
Level 3 : comprehensive indicator/strategy. They are simple trading systems based on my strategies. They are commonly containing several or all of entry signal, close signal, stop loss, take profit, re-entry, risk management, and position sizing techniques. Even some interesting fundamental and mass psychological aspects are incorporated.
Level 4 : script snippets or functions that do not disclose source code. Interesting element that can reveal market laws and work as raw material for indicators and strategies. If you find Level 1~2 scripts are helpful, Level 4 is a private version that took me far more efforts to develop.
Level 5 : indicator/strategy that do not disclose source code. private version of Level 3 script with my accumulated script processing skills or a large number of custom functions. I had a private function library built in past two years. Level 5 scripts use many of them to achieve private trading strategy.
Whale alertThe purpose of this indicator is to detect when whales are around and draw a vertical line on hourly chart. But how do we detect them? By analyzing behavior. Usually whales scale in/out of positions a few days in a row and they also trade at the same time every day, because they are whales and don't care, they can move then market whenever they want.
Based on the above assumptions, this indicator checks:
1. hourly volume, it has to be 3 x the MA(volume) for last 14 days (of course 3 and 14 are configurable in settings and need to be tuned individually for each pair)
2. the same hour of the day (10am UTC) for the past 3 days looking for #1 condition.
We can easily see on chart that a whale was present at 10am UTC for two days in a row, they went short yesterday and long today (May 6th). Also, we can zoom out and see the same whale traded at 10am many times in the past.
Can't wait for 10am tomorrow and watch out, whales are around :)
Whale Trading SystemThis script is an advanced version of the distributional blocks script.
In distributional buys and sells:
I used a high - low cloud filter, which makes it more prudent to sell the next sell higher for sells and to buy the next purchase lower for buys.
I also used the Stochastic Money Flow Index function because it also uses volume to separate regions.
The long period is 52 weeks, which is equal to one year,
The short period is one-fourth of its value, which is equal to a financial quarter.
Then the values calculated with these periods are calculated by stochastic - rsi logic within the function, giving us two averages and separating the regions according to crossovers and crossunders .
In buys and sales, the higher your next distributional position size makes your profit more .
In the old system, there was a confusion as it was not divided into zones.
Because we divide into zones here, zone changes are the last stop to free up existing positions, and you must reopen each time you change zones.
And I changed standard distribution days, depending on the price change and the histogram, as StochMFI also took into account the volume.
In this way, there is sustainability.
I am also sharing my educational idea that explains the logic of this system in more detail :
Now that we have been divided into regions, a maximum of 10 pieces will suffice us.
And the regional shifts will allow us to sell and buy all of our position size, and now we will feel much more comfortable.
The most timeframe I find most accurate are the weekly bars.
Even in the example, we see how we have benefited from the sharp drop in bitcoin, while the price is falling, and we have lowered the average with higher-weight purchases than the previous one.
In both buys and sales here, both the histogram intensities and the average of the purchases you have reduced with the transactions, or the earnings you have increased with the sales, guide you.
In areas with high volatility ,if we adjust our positions properly, even if we follow the changes in the region, we will get rid of those situations with few wounds and we will surely catch the trend!
NOTE : Crossover/crossunder and distributional buy/sell alerts added.
Best regards , Noldo.
