The Big Whale Explorer is an indicator that looks into the ratio of large wallets deposits vs withdrawals.
Whales tend to sale their holding when they transfer their holdings into exchanges and they tend to hold when they withdraw.
In this overlay indicator you'll be able to see in an oscillator format the moves of large wallets.
The moves above 1.5 turn into red symbolising that they are starting to distribute. This can eventually have an impact in the price by causing anything from a mild pullback to a considerable crash depending on how much is being actually sold into the market.
Moves below 0.5 mean that the large whales are heavily accumulating and withdrawing. During these periods price could still pullback or even crash but eventually the accumulation can take prices to new highs.
Instructions: 1) Load INDEX:BTCUSD or BNC:BLX to get the most historic data as possible 2) use the daily timeframe 3) load the indicator into the chart
Hi TTP, thanks for all you've been doing over the years. I have created and shared a version of this indicator with alerts and as a simple color indicator for those needing to save room on their chart. Check out tradingview.com/script/OhnwoV6W-Abz-BTC-Whale-Flows/ in case it's useful. Open source is a wonderful thing. Thanks again for your work.