OPEN-SOURCE SCRIPT
[blackcat] L3 Banker Fund Swing
Level 3
Background
The large funds or banker fund are often referred to as Whale. Whale can have a significant impact on the price movements in various markets, especially in cryptocurrency . Therefore, how to monitor Whale trends is of great significance both in terms of fundamentals and technical aspects.
Function
To understand banker fund more directly, a banker fund model is applied for main chart as different candles with colors, as well as short, middle, long term moving averages in yellow, fuchsia, aqua colors, respectively. The banker fund model is made of a fast line of EMA2, and a slow line of EMA42 of a artifical curve fitting line with xsl(close,21))*(20)+close, where xsl is used to calculate the slope of a data series. And then, with definition of the golden cross and dead cross status, banker fund behavior can be extracted as green candle color for bullish an red color candle for bearish. At the mean time, a new type of candle with yellow color is defined as well standing for a bullish swing start.
Remarks
Feedbacks are appreciated.
Background
The large funds or banker fund are often referred to as Whale. Whale can have a significant impact on the price movements in various markets, especially in cryptocurrency . Therefore, how to monitor Whale trends is of great significance both in terms of fundamentals and technical aspects.
Function
To understand banker fund more directly, a banker fund model is applied for main chart as different candles with colors, as well as short, middle, long term moving averages in yellow, fuchsia, aqua colors, respectively. The banker fund model is made of a fast line of EMA2, and a slow line of EMA42 of a artifical curve fitting line with xsl(close,21))*(20)+close, where xsl is used to calculate the slope of a data series. And then, with definition of the golden cross and dead cross status, banker fund behavior can be extracted as green candle color for bullish an red color candle for bearish. At the mean time, a new type of candle with yellow color is defined as well standing for a bullish swing start.
Remarks
Feedbacks are appreciated.
Open-source Skript
Ganz im Sinne von TradingView hat dieser Autor sein/ihr Script als Open-Source veröffentlicht. Auf diese Weise können nun das Script auch andere Trader verstehen und prüfen. Vielen Dank an den Autor! Sie können das Script kostenlos verwenden. Die Nutzung dieses Codes in einer Veröffentlichung wird in unseren Hausregeln reguliert. Sie können es als Favoriten auswählen, um es in einem Chart zu verwenden.
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