Realized Profit & Loss [BigBeluga]

The Realized Loss & Profit indicator aims to find potential dips and tops in price by utilizing the security function

syminfo.basecurrency + "_LOSSESADDRESSES".

The primary objective of this indicator is to present an average, favorable buying/selling opportunity based on the number of people currently in profit or loss.

The script takes into consideration the syminfo.basecurrency, so it should automatically adapt to the current coin.

🔶 USAGE

Users have the option to enable the display of either Loss or Profit, depending on their preferred visualization.

Examples of displaying Losses:





Example of displaying Profits:





🔶 CONCEPTS

The concept aims to assign a score to the data in the ticker representing the realized losses. This score will provide users with an average of buying/selling points that are better to the typical investor.

🔶 SETTINGS

Users have complete control over the script settings.

🔹 Calculation
• Profit: Display people in profit on an average of the selected length.
• Loss: Display people in loss on an average of the selected length.

🔹 Candle coloring
• True: Color the candle when data is above the threshold.
• False: Do not color the candle.

🔹 Levels
- Set the level of a specific threshold.
• Low: Low losses (green).
• Normal: Low normal (yellow).
• Medium: Low medium (orange).
• High: Low high (red).

🔹 Z-score Length: Length of the z-score moving window.
🔹 Threshold: Filter out non-significant values.
🔹 Histogram width: Width of the histogram.
🔹 Colors: Modify the colors of the displayed data.

🔶 LIMITATIONS

• Since the ticker from which we obtain data works only on the daily timeframe, we are
restricted to displaying data solely from the 1D timeframe.

• If the coin does not have any realized loss data, we can't use this script.