Rebalance as a Bear/Bull indicator

1. Dez. 2021

Check if the current market has a Bear tendency or a Bull tendency.

Bear areas are marked as red squares going down from 0.
Bull areas are marked as green squares going up from 0.

Buying/Selling windows of opportunity

On top of the Bear/Bull squares, this indicator tries to show you the windows where to look for good buying/selling opportunities.

These are marked as full columns:

• Blue columns represent a window to look out for good buying opportunities
  
• Pink columns represent a window to look out for good selling opportunities
  

How is this possible?

This is an indicator of a simple idea to check if the market has a Bear or Bull tendency:

1. Start with a virtual portfolio of 60/40 tokens per fiat.
2. Rebalance it when its ratio oscillates by a given % (first input)
3. Count the number of times the rebalancer buys, and sells
4. When the number of buys is greater than the number of sells => the market is going down
5. When the number of sells is greater than the number of buys => the market is going up

This is shown as the "Bear/Bull Strength" squares (red when bear, green when bull)

An extra rebalancer is also kept that works at each bar (regardless of the input %).
This is used to calculate an amount of tokens beying sold/bought and used as a "market force" coefficient.

Another extra: based on both the bear/bull strengh and market force an attempt is made to
provide good buying/selling windows of analysis.
The blue background is a buying opportunity, the red background is a sell opportunity.
In a bear market sales are delayed, and in a bull market buys are delayed.

1. Dez. 2021

Versionshinweise

Added a small comment to the code with a link to find the the public libraries that it uses

1. Dez. 2021

Versionshinweise

Propagate the window of opportunity with the candle close