High Timeframe POCBecause the big Bitcoin crash I have been looking a lot at high timeframe metrics. I never spent much time learning POC so I decided to create a little script for determining these on higher timeframes.
Currently included: Monthly, 3 months and 6 months.
/* DEFINITION */
Point Of Control (= POC) is a price level at which the heaviest volumes were traded.
Value Area High/Low (=VAH/VAL) is a range of prices where the majority of trading volume took place. Naturally, Value Area High being the top price level and Value Area Low being the lowest. POC always is between the two.
/* HOW TO TRADE WITH THIS INDICATOR */
The basis for POC is determining bias on whichever timeframe you choose.
1. Identify a POC on the timeframe of your choosing.
/* If you choose a "low" timeframe (monthly here) then make sure to look at the higher timeframes to see how it is playing against a higher timeframe POC.
2. When the price is moving away from the POC (either to the upside or downside) this will confirm or invalidate the trade.
3. You can now enter the trade on bias or wait for a retest of the same POC.
/* EXAMPLE TRADES /*
Here is a screenshot of some of the trades that are possible solely using the POC and some common sense.
s3.tradingview.com
BTCUSD
Bitcoin Funds PremiumDisplay the % premium of 4 different Bitcoin Funds relative to the price of Bitcoin in your current chart.
BTCC ETF
QBTC Fund
GBTC Trust
VBTC ETN
This indicator uses the metrics from the fund management websites to calculate the "Net Asset Value per Unit (NAVPU)" to calculate the true underlying value of the fund.
The difference is then compared to the price of Bitcoin in the chart you have open.
Note that the metrics change and therefore the graph is not accurate for long past timeframes.
If TradingView would expand their script language in a way to ingest CSV data from the funds website then this could be improved.
You can update the metrics for each fund in the settings dialogue.
The script will autodetect the currency pairs of your current graph and only display compatible funds:
BTC / USD will show BTCC.U, QBTC.U and GBTC
BTC / CAD will show BTCC and QBTC
BTC / EUR will show VBTC
The script should not show in other currency pairs so it will not mess up other charts you might switch to.
If you find bugs with this logic, please comment below so I can fix them.
Due to TradingViews "no-links in description" policy, you need to google each funds website yourself to find the current metrics. These search terms should help:
BTCC search "Purpose Bitcoin ETF"
QBTC search "3iq The Bitcoin Fund (QBTC)"
GBTC search "Grayscale® Bitcoin Trust"
VBTC search "VanEck Vectors Bitcoin ETN"
BTC Multi Exchange Perpetual PremiumThis script tracks the premium/discount of Bitcoin perpetual contracts at various exchanges.
The premium/discount is calculated against an index price. The index price is calculated from spot exchange prices and are weighted as follows:
Bitstamp:28,81%
Bittrex:5,5%
Coinbase: 38,07%
Gemini: 7,34%
Kraken: 20,28
The difference between this script and other available scripts, is that exciting script seems to only focus on one exchange. This script is also open source.
Bitcoin Funds OverlayOverlay the Net Asset Value per Unit (NAVPU) of 4 different Bitcoin Funds on your Bitcoin chart.
BTCC ETF
QBTC Fund
GBTC Trust
VBTC ETN
This indicator uses the metrics from the fund management websites to calculate the "Net Asset Value per Unit (NAVPU)" to display the true underlying value of the fund.
Note that the metrics can change and therefore the graph is not accurate for long past timeframes.
You can update the metrics for each fund in the settings dialogue.
The script will autodetect the currency pairs of your current graph and only display compatible funds:
BTC / USD will show BTCC.U, QBTC.U and GBTC
BTC / CAD will show BTCC and QBTC
BTC / EUR will show VBTC
The script should not show in other currency pairs so it will not mess up other charts you might switch to.
If you find bugs with this logic, please comment below so I can fix them.
Due to TradingViews "no-links in description" policy, you need to google each funds website yourself to find the current metrics. These search terms should help:
BTCC search "Purpose Bitcoin ETF"
QBTC search "3iq The Bitcoin Fund (QBTC)"
GBTC search "Grayscale® Bitcoin Trust"
VBTC search "VanEck Vectors Bitcoin ETN"
Binance Z VolumeBTC perpetual volume on Binance is about 4x spot volume.
Comparing spot and perpetual volumes could provide useful insights into market sentiment.
Abnormal increases in the spot market could be associated with accumulation. Abnormal increases in the perpetual market, on the other hand, could predict volatility as well lows and highs.
This script represents a Z-score of the volume of perpetual and 4xspot on Binance.
High values above 0 mean that the volume is skewed towards perpetual contracts. Values below 0 mean that the volume is skewed towards spot contracts.
Feel free to suggest changes and improvements of this script.
Translated with www.DeepL.com (free version)
BIO
Fibonacci EMAs / Trend and Chopzone identifier Implementation from the highly recommended course "Pinescript Indicator Development" on Udemy
www.udemy.com
This indicator is mostly to show some techniques in Pinescript rather than be useful for trading, however it does nicely identify trend and chop zones (sideways) on the 1-hour or 4-hour chart.
What it does:
- Has three EMAs at varying length and plots these on the chart
- Computes when the EMAs are in bullish configuration (EMA short > Medium > long)
- Computes when EMAs are in bearish configuration (EMA short < Medium < long)
- When the EMAs are crossed there is a chop zone (sideways)
- Colours the background of the chart as Green (bullish), Red (bearish) or Orange (sideways chop zone)
- Also predicts the value of the three EMA's three points into the future using linear regression (showed as dots on the chart)
Bitcoin Bulls and Bears by @dbtrBitcoin 🔥 Bulls & Bears 🔥
v1.0
This free-of-charge BTC market analysis indicator helps you better understand what's going with Bitcoin from a high-level perspective. At a glance, it will give you an immediate understanding of Bitcoin’s historic price channel dating back to 2011, past and current market cycles, as well as current key support levels.
Usage
Use this indicator with any BTCUSD pairs , ideally with a long price history (such as BNC:BLX )
We recommend to use this indicator in log mode, combined with Weekly or Monthly timeframe.
Features
🕵🏻♂️ Historic price channel curve since 2011
🚨 Bull & bear market cycles (dynamic)
🔥 All-time highs (dynamic)
🌟 Weekly support (dynamic, based on 20 SMA )
💪 Long-term support (channel bottom)
🔝 Potential future price targets (dynamic)
❎ Overbought RSI coloring
📏 Log/non-log support
🌚 Dark mode support
Remarks
With exception of the price channel curve, anything in this indicator is calculated dynamically , including bull/bear market cycles (based on a tweaked 20SMA), ATHs, and so on. As a result, historic market cycles may not be 100% accurately reflected and may also differ slightly in between various time-frames (closest result: Monthly). The indicator may even consider periods of heavy ups/downs as their own market cycles, even though they weren’t. Due to its dynamic nature, this indicator can however adapt to the future and helps you quickly identify potential changes in market structure, even if the indicator is no longer updated.
On top of that bullmarket cycles (colored in green) feature an ingrained RSI: the darker the green color, the more the RSI is overbought and close to a correction (darkest color in the chart = 90 Weekly RSI). In comparison with past bull cycles, it helps you easily spot potential reversal zones.
Thanks
Thanks to @quantadelic and @mabonyi which both have worked on the BTC "growth zones" indicator including the price channel, of which I have used parts of the code as well as the actual price channel data.
Follow me
Follow me here on TradingView to be notified as soon as new free and premium indicators and trading strategies are published. Inquire me for any other requests.
Enjoy & happy trading!
BTC Longs & Shorts Profile WHAT DOES THIS INDICATOR DO?
I started with the idea of creating another premium indicator with a bunch of features and add it to the bundle. However, the more complex the code was becoming, the less helpful the indicator actually was. So I started from scratch and made BTC Longs & Shorts Profile super simple (as you can see in the code).
The advantage over other similar indicators is that this one has a drop-down menu and allows you to select whether you want to see Longs, Shorts, Ratio, or Difference. Having Longs and Shorts at the same time is a bit confusing because Longs pretty much dwarf the Shorts and the ups and downs are not clearly visible. Also, you can configure the colors for each visible line.
My suggestion is to add this indicator to your BTC chart, save it as a template from the top menu on TradingView and stop switching between BTC, Bitfinex Longs and Shorts. You have everything in one simple window (that's especially the case if you are not a pro or premium member and can't have more than 2 screens simultaneously).
ANYTHING ELSE ?
On a side note, if you are planning on working on a similar indicator, let me tell you what I've tried so far and it didn't work for me:
- RSI calculations including Longs and Shorts as a base
- Longs and Shorts in relation to BTC itself and a relationship with the volume
- Directional Movement Index, where Longs are DM+ and Shorts are DM-
- Smoothing both Longs and Shorts and trying to find a relationship (including some pseudo MACD lookalikes)
Anyway, if you have any ideas or suggestions on improving this indicator, please let me know. Thanks!
Bollinger Bands Fibonacci Ratio Standard Deviation LINESHello Traders.
in this script, Bollinger bands are made based on a standard deviation with respect to Fibonacci ratios. I hope you can be satisfied. If you are satisfied with this script, please like and feel free to share your comments with me.
Teal Upper and Lower B-Bands = 1.0 Standard Deviation
Aqua Upper and Lower B-Bands = 1.618 Standard Deviation
Orange Upper and Lower B-Bands = 2.618 Standard Deviation
Red Upper and Lower B-Bands = 3.618 Standard Deviation
Purple Upper and Lower B-Bands = 4.236 Standard Deviation
you can use this indicator by clicking the button (Add to Favorite Scripts) and then add it to your chart from (Fx) section.
BITCOIN CME FUTURES GAPSDisplays information about Bitcoin CME Futures Gaps over BTCUSD (or XBTUSD) charts.
You can configure a threshold percentage to only display gaps whose size is greater than that percentage. The gap precentage is calculated based on the current close price.
Gaps up are displayed in Orange, gaps down in Green
200 Week Moving Average HeatmapСolors part of the SMA depending on the change in % (delta %) to the previous value. From blue(none to low increase) through green(moderate increase) to red(high increase).
Finex PremiumBitfinex:BTCUSD premium/discount compared to market average spot exchanges.
Smoothed option available.
Keltner Channels Color BarsAnother tweak to a classic built-in script. Simply replacing the Keltner Channels overlay plot with color bars.
Bitcoin Binance Sentiment IndexThe divergence of the price between the futures and spot markets for perpetual contracts could be a gauge of sentiment on a traded cryptoasset.
Sentiment analysis could be used to improve the the predictive value of technical and fundamental analysis.
The price of the perpetual contract is divided by the spot price for Bitcoin on Binance and two simple moving averages of this ratio are plotted together. For graphical purposes, the ratio between the two prices has been multiplied by 100. The moving averages were chosen arbitrarily and can be changed. Values above 100 mean that the average price of the futures over the last x periods was above the spot price over the same period. Conversely, values below 100 mean that the mean price of the futures over the last x periods was below the spot price over the same period. The indicator has been created for a daily timeframe.
This indicator is clearly intended for educational purposes only and does not constitute investment advice.
If you are interested in updates on this indicator or interested on sentiment analysis, put a like, subscribe or contact me in pm.
BIO
Bollinger Band Color BarsThis is a simple addition to the built in Bollinger Bands script. All it does is replaces the traditional plotting of Bollinger Bands with color bars.
GBTC Fomo Panic PremiumIt is rumored that GBTC price action leads the Bitcoin market. This indicator compares GBTC fomo/panic levels to the (Binance) BTC spot market. Fomo is measured as large percentage moves of the high price from the min over a look-back period. Panic is measured as large percentage moves of the low price from the max over a look-back period. A prime example of this indicator's usage would be as a sell signal confirmation during the 2020 pre-Thanksgiving panic exhibited on the 1-hour chart while the 20 EMA was still above the 99 SMA.
You can customize the leading and lagging markets and the length of the lookback period. I would love to hear what parameters, markets and timeframes work for you. Maybe there is a way to leave comments, or hit me up on Twitter: @thirdreplicator
May you profit and enjoy.
TRY Me - Turkish Lira Quote Currency DivergencesThis is a conceptual indicator that converts the main chart series' quote currency from U.S. dollar to Turkish Lira. Should only be used with USD pairs unless you change the 'Pair' input.
Divergences are created by the difference in price due to the incredible changes in TRY value. The candle colors turn to grey when the forex exchange is closed; this is done to show you that the quote currency value won't change.
Support and resistance levels are also possible to be drawn.
Options to configure are changing the quote pair, colors, and turning the divergences on or off.
DePriExchange weighted price for cryptocurrencies
DECENTRALIZED PRICE CHART FOR DECENTRALIZED WORLD
See non-manipulated , globally price action that comes from whole liquidity!
The main idea behind this script is that...
The value of each trading pair finally determined globally and the price displayed in exchanges is its own and not global! differences between exchanges, reduced to near zero gradually by market makers and arbitrages, so..
Every min tick price changes Must be backed by liquidity to be part of the global fluctuations
more liquidity gives it more credibility
more credibility give it more weight
..Against opposing movements.
This script can collect price of crypto pairs from 12 exchanges that listed on TV and have effective volume.
In the first step, summarizes the volume of all exchanges and creates the total volume
In the next step, divide each exchange volume to total volume to obtain relative weight of each exchange.
In the final step, multiply each exchange price to weight of itself and summarizes these numbers .. now, we have Exchange weighted price!
The results on high liquidity pairs like BTCUSDT, ETHUSDT, is not much differ then simple chart but when you apply it on lower liquidity, lower time frames of altcoins, you realize its benefits and usefulness. Altcoins chart in composite and simple mode is very differ, I hope you enjoy from TRUE CHART.
With this, also you can..
Filter and smooth candlestick chart with SMA or EMA
Plot a line chart of pair at your desired frame separate from the main chart for monitor important price levels
Get realtime report of whole volume of pair on included exchanges
Get realtime report of each exchange weight and share
Note.1:
some of pairs queted on more than one like BTCUSD, BTCUSDT, BTCUSDC and etc. In this pairs we choose the one that usually has more volume on that exchange.
Note.2:
At this time, supported queted currencies are BTC, ETH, USD, USDT, BUSD, USDC, USDK.
Note.3:
This script is relatively heavy! This is not cuz of bad coding.
Each bar compution contains at least one plot and some of security calls, so 10 to 15 seconds is normal load time.
Note.4:
You can combine this with your price action base scripts and use balanced OHLCV. The necessary explanations about this are available in the code.
Note.5:
You must only include exchanges that support your ticker, Otherwise you will receive an error.
I hope it comes useful to you.
Risk Metrics: Crypto VersionRisk Metrics for Crypto.
Market can be set to BTCUSD, BTCEUR, BTCCHF, BTCGBP, BTC1!, BTC2!, SPX, and DTB3
Beta
Correlation
Standard Deviation
Variance
R-squared
BITCOIN Miners Revenue VS Price Correlation OscillatorUse 3D(3-day candle) as timeframe for best reading.
------
original template for Correlation indicator was created by obaranova. credit goes to her.
[2020 Updated]Bitcoin Logarithmic Growth CurvesCredit goes to the original writer of the script, Quantadelic, who generously allowed anyone to copy/edit. I adjusted the value of the bottom/top intercept and slope to better fit the March 2020 coronavirus dip.
Use Bitstamp BTCUSD for better reading.
