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Crypto Manipulation [ProjeAdam]
Aktualisiert
*OVERVIEW
Indicator that detects manipulation candles on the Binance exchange according to open interest, volume, candlestick analyzes and percent changes.
IMPORTANT NOTE: This indicator works in Crypto Binance Exchange and only in Future Parities.
Example ->> BTCUSDT.P -- ETHUSDT.P -- ADAUSDT.P
* > Topics in the writing of the crypto manipulation indicator <
Market makers manipulate the crypto market because most people who trade on the stock exchange act with their emotions and are forced to close the transaction at a loss. In these manipulations, many people are liquidated and the money they earn is used as fuel in the market.
We can reduce the psychological impact that the market is trying to have on us with this indicator.
IF we detect manipulation candles in the market, we can control our fragile psychology and close our transactions in profit by trading with market-making formations in these areas.
*ALGORITHM
In this indicator, I use 4 different datasets to detect manipulation candles in crypto market.
1- Extremely variable volume data in Spot and Future markets
2- Wicks formed by candles
3-Percentage change of price movement
4-Distance from the average value of people who open and close transactions in Future parity
When there is excessive volatility in price movement, the algorithm in this indicator notices this price volatility and calculates a manipulation value by dividing it by the volatility value in past price movements.
In my Python backtests, I noticed that when manipulation is done in the crypto market, there is extreme volatility in certain values. This is because there are more robots in the crypto exchange than in the Bist exchange and the total transaction volume is less than in other exchanges. We observe these data that change in a short time, the amount of volume created by people being liquidated, and the open positions that are forcibly closed due to this situation, only in Cryptocurrency exchanges.
* How does the indicator work?
The manipulation candle does not give us information about the direction of price movement, it is only used as an auxiliary indicator. With the help of this indicator, we can prevent large losses by better determining our risk situation during and after manipulation.
We show our manipulation values as columns. We draw a channel over the values we show and we understand that there is manipulation in the candle of our values above this channel.
The indicator shows the manipulation value in the form of columns. Our manipulation value that goes outside the channel we have determined is colored red, within the channel it is colored yellow, and below the channel it is colored green. Red columns indicate candles that are manipulations.
As we observed in the example above, we observe excessive volume increase, momentum in open interest and wick candles during manipulation times. As these values increase, our manipulation value also increases.
*What are the BIST and Crypto Exchanges and What are the differences between them?
The differences between the general structure of BIST Exchange and the general structure of the cryptocurrency exchange are as follows;
1- While trading takes place under goverment control in BIST Exchange, there are no regulations in the Cryptocurrency market yet.
2- Since BIST Exchange is a much larger market than the cryptocurrency exchange, manipulations can be made by very large money owners and large companies, but there is a monopolized situation in crypto.
3- We see instantaneous large changes in volume in the cryptocurrency market during manipulation times. While this situation is not seen effectively in the BIST exchange, volume changes have a great impact on the crypto exchange.
4- Since there are many open source codes in the cryptocurrency exchange and much easier and faster trading is allowed thanks to the robots produced by software, manipulations in the cryptocurrency exchange occur very quickly and in a short time.
5- We can know who opened and closed transactions in which candle in the cryptocurrency market, but we cannot access this data in Borsa Istanbul.
The majority of Borsa Istanbul users do not trade in crypto, and many users who trade in crypto do not know Borsa Istanbul because only TURKISH citizens can open transactions here.
Using two completely different algorithms and publishing two different indicators will be convenient for many users at this stage. The indicators to be used for these two exchanges, which have many different features that I have explained above, should also be different.
So What are the differences between the two algorithms?
1-Crypto manipulation indicator uses liquidation data, we cannot access this data on the Bist exchange.
2-While manipulations in the crypto exchange occur in very short periods of time, BIST generally moves slower than crypto.
3-By using the crypto manipulation indicator open interest data, we can access in detail on which candle the transaction was opened and closed, but we cannot access it on the Bist exchange.
In our example above, when manipulation candles are formed, you see the volumetric change and the change in open interest. The excessive increase in volume and the momentum of open interest data affects our crypto manipulation value.
The greater the volume increase, the greater the manipulation.
Regardless of the open interest direction, the greater the momentum change in value, the more manipulation has been done.
Our BIST manipulation indicator only focuses on the change of candles in the market structure. In other words, it cares about percentage changes and the change within the average. I tried to show in the example above that volume data is not a consistent variable in the BIST stock market when calculating manipulation.
The user types of the two different indicators vary greatly, and both indicators benefit the community by making calculations according to the metrics of their own exchanges. For the reasons I explained above, I thought it would be better to write two indicators for tradingview users that work with different algorithms on two different exchanges.
Example
In our example above, we see a manipulation candle clearing the stops formed, the market maker clearing the orders at the people's stop levels at the bottom to move the price up.
We can quickly control manipulation candles in 5 different parities at the same time by entering our parities in the settings panel.
In our example above, we observe a beautiful manipulation candle. As you can see, if there is an extreme increase in volume, a momentum movement in the open line and a candle with a wick, we should look for manipulation here.
* SETTINGS PANEL
We have only two setting in this indicator.
Our multiplier value determines the width of the band value formed above our manipulation value. In the chart above, our multiplier value is 3.2. If we reduce our multiplier value, our manipulation sensitivity will decrease as there will be much more candles on the band.
Indicator that detects manipulation candles on the Binance exchange according to open interest, volume, candlestick analyzes and percent changes.
IMPORTANT NOTE: This indicator works in Crypto Binance Exchange and only in Future Parities.
Example ->> BTCUSDT.P -- ETHUSDT.P -- ADAUSDT.P
* > Topics in the writing of the crypto manipulation indicator <
Market makers manipulate the crypto market because most people who trade on the stock exchange act with their emotions and are forced to close the transaction at a loss. In these manipulations, many people are liquidated and the money they earn is used as fuel in the market.
We can reduce the psychological impact that the market is trying to have on us with this indicator.
IF we detect manipulation candles in the market, we can control our fragile psychology and close our transactions in profit by trading with market-making formations in these areas.
*ALGORITHM
In this indicator, I use 4 different datasets to detect manipulation candles in crypto market.
1- Extremely variable volume data in Spot and Future markets
2- Wicks formed by candles
3-Percentage change of price movement
4-Distance from the average value of people who open and close transactions in Future parity
When there is excessive volatility in price movement, the algorithm in this indicator notices this price volatility and calculates a manipulation value by dividing it by the volatility value in past price movements.
In my Python backtests, I noticed that when manipulation is done in the crypto market, there is extreme volatility in certain values. This is because there are more robots in the crypto exchange than in the Bist exchange and the total transaction volume is less than in other exchanges. We observe these data that change in a short time, the amount of volume created by people being liquidated, and the open positions that are forcibly closed due to this situation, only in Cryptocurrency exchanges.
* How does the indicator work?
The manipulation candle does not give us information about the direction of price movement, it is only used as an auxiliary indicator. With the help of this indicator, we can prevent large losses by better determining our risk situation during and after manipulation.
We show our manipulation values as columns. We draw a channel over the values we show and we understand that there is manipulation in the candle of our values above this channel.
The indicator shows the manipulation value in the form of columns. Our manipulation value that goes outside the channel we have determined is colored red, within the channel it is colored yellow, and below the channel it is colored green. Red columns indicate candles that are manipulations.
As we observed in the example above, we observe excessive volume increase, momentum in open interest and wick candles during manipulation times. As these values increase, our manipulation value also increases.
*What are the BIST and Crypto Exchanges and What are the differences between them?
The differences between the general structure of BIST Exchange and the general structure of the cryptocurrency exchange are as follows;
1- While trading takes place under goverment control in BIST Exchange, there are no regulations in the Cryptocurrency market yet.
2- Since BIST Exchange is a much larger market than the cryptocurrency exchange, manipulations can be made by very large money owners and large companies, but there is a monopolized situation in crypto.
3- We see instantaneous large changes in volume in the cryptocurrency market during manipulation times. While this situation is not seen effectively in the BIST exchange, volume changes have a great impact on the crypto exchange.
4- Since there are many open source codes in the cryptocurrency exchange and much easier and faster trading is allowed thanks to the robots produced by software, manipulations in the cryptocurrency exchange occur very quickly and in a short time.
5- We can know who opened and closed transactions in which candle in the cryptocurrency market, but we cannot access this data in Borsa Istanbul.
The majority of Borsa Istanbul users do not trade in crypto, and many users who trade in crypto do not know Borsa Istanbul because only TURKISH citizens can open transactions here.
Using two completely different algorithms and publishing two different indicators will be convenient for many users at this stage. The indicators to be used for these two exchanges, which have many different features that I have explained above, should also be different.
So What are the differences between the two algorithms?
1-Crypto manipulation indicator uses liquidation data, we cannot access this data on the Bist exchange.
2-While manipulations in the crypto exchange occur in very short periods of time, BIST generally moves slower than crypto.
3-By using the crypto manipulation indicator open interest data, we can access in detail on which candle the transaction was opened and closed, but we cannot access it on the Bist exchange.
In our example above, when manipulation candles are formed, you see the volumetric change and the change in open interest. The excessive increase in volume and the momentum of open interest data affects our crypto manipulation value.
The greater the volume increase, the greater the manipulation.
Regardless of the open interest direction, the greater the momentum change in value, the more manipulation has been done.
Our BIST manipulation indicator only focuses on the change of candles in the market structure. In other words, it cares about percentage changes and the change within the average. I tried to show in the example above that volume data is not a consistent variable in the BIST stock market when calculating manipulation.
The user types of the two different indicators vary greatly, and both indicators benefit the community by making calculations according to the metrics of their own exchanges. For the reasons I explained above, I thought it would be better to write two indicators for tradingview users that work with different algorithms on two different exchanges.
Example
In our example above, we see a manipulation candle clearing the stops formed, the market maker clearing the orders at the people's stop levels at the bottom to move the price up.
We can quickly control manipulation candles in 5 different parities at the same time by entering our parities in the settings panel.
In our example above, we observe a beautiful manipulation candle. As you can see, if there is an extreme increase in volume, a momentum movement in the open line and a candle with a wick, we should look for manipulation here.
* SETTINGS PANEL
We have only two setting in this indicator.
Our multiplier value determines the width of the band value formed above our manipulation value. In the chart above, our multiplier value is 3.2. If we reduce our multiplier value, our manipulation sensitivity will decrease as there will be much more candles on the band.
- If you have any ideas what to add to my work to add more sources or make calculations cooler, suggest in DM .
Versionshinweise
With this update people can set alerts and get messages when alert triggetVersionshinweise
Improved features
1 - People will be able to choose the parity they want to set an alarm for by using the check mark on the left of the parity.
2 - The software developed within the algorithm will automatically find the future parity in spot parities and enable the algorithm to work without future parity.
Versionshinweise
- We can look our manipulation values not only future pairs but spot pairs too
- With help of this feature we can use this indicator with spot pairs too
I am an engineer who has been working in the topic of algorithmic trading for more than 5 years.By browsing our website , you can review and use many sample indicators that I have designed for you.
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