Cryptocurrency Market Sentiment v1.0Introduction:
Capable of observing the market sentiment of the cryptocurrency market
The relative status of BTC and altcoins
How it works:
1. The general uptrend process of the cryptocurrency market is BTC → ETH → high-cap altcoins → low-cap altcoins. When funds cannot push up BTC's market cap, funds gradually flow into smaller-cap altcoins until the upward trend ends.
2. Select ETH as the representative of altcoins, and understand the sentiment and current stage
3. Mathematical principle : divide the price of ETH by the price of BTC, and then apply it to the RSI formula .
How to use it:
1. Similar to the RSI indicator , when CMS enters the overbought zone, it represents an active altcoin market, a passionate market sentiment , and the end of the uptrend.
2. When CMS enters the oversold zone, it indicates the leading stage of BTC in the rising trend or the capital flow back to BTC in the declining process .
3. If CMS is at a low level, long positions should focus on altcoins, and short positions should focus on BTC, and vice versa.
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简单介绍：
能够观察加密市场市场情绪
BTC和寨币的相对状态
如何工作：
1、加密市场一般的上涨过程为 BTC → ETH → 大市值山寨 → 小市值山寨，当资金无法推动大市值的BTC上涨时，资金就会逐渐流向市值较小的山寨，直到一轮上涨结束。
2、选取ETH作为altcoins的代表，通过ETH与BTC的关系来了解加密市场的情绪和目前上涨的阶段。
3、数学原理：将ETH的价格/BTC的价格，随后将其带入RSI公式
如何使用：
1、与RSI指标类似，当cms进入超买时，代表寨币市场的活跃，市场情绪热烈，上涨进入尾声。
2、当cms进入超卖时，为上涨中BTC领涨的阶段或下降过程中资金回流BTC。
3、如果cms在低位，做多应关注altcoins，做空应关注btc，反之亦然。
1-BTCUSD
BTC / DXY, BTC / US10Y
The combination of the DXY and US02Y can be used to gauge market sentiment and assess the state of the global economy.
When the DXY is rising, it indicates that the U.S. dollar is strengthening relative to other currencies, which can lead to increased risk aversion among investors as the U.S. dollar is often seen as a safe-haven currency.
When the US02Y is rising, it suggests that market expectations for future inflation and interest rate increases are increasing, which can lead to a decrease in the value of riskier assets such as stocks.
In general, the combination of the DXY and US02Y can provide important information on the direction of global market trends and the state of the economy, and as such, they are important indicators to consider when making investment decisions.
Price Distance RatioThis study plots the ratio between current price and the price N days ago.
With N input that is configurable, users can find optimal long/short entries when price is in an established trend and price has diverge far from a given local peak or all time high.
With many years of stock trading the analysis indicates a connection between the distance of price and subsequent returns.
Portfolios of stocks with lower price to local highes ratios generally underperformed portfolios of stocks with higher prices to peaks reached similar N days ago.
The highest returns to previous peak are recorded when buying at the biggest dip.
For example, the purchase at 20% drawdown could generate 25% when price returns to the peak. The purchase at 50% drawdown could generate bigger, i.e. 100% return, when price returns to the peak. And the purchase at 90% drawdown could generate much bigger, i.e. 900% return, in a case the price returns to the peak.
However, buying very far below local peaks on almost all holding periods produces lower CAGR returns because of "timing adjustment". In simple words, typically the drawdown takes less time vs. further recovery.
For example:
👉 The largest BTC drawdown in 2013-2015 took 410 days (Peak-to-Valley) . And the recovery of BTC to new highs took 771 days (Valley-to-Peak) after that.
👉 The 3rd longest drawdown in BTC took 363 days (observed from December 17, 2017 to December 15, 2018). And further recovery in BTC to its new high took almost two years - 716 days .
👉The 4th longest drawdown in BTC took 162 days (observed from June 08, 2011 to November 17, 2011). And further recovery in BTC to its new high took more than a year - 469 days .
The concept of this study could recognizes at least 4 different modes of action.
👉 In a clearly established upward trend traders should be buying (following the trend) when Ratio is above 100% and reducing the size when Ratio turns below 100%.
👉 Conversely, in a clearly established downward trend traders should be shorted when Ratio is below 100% and covering when the Ratio turns back to 100%.
👉 In a sideways movement traders are advised to wait carefully if the Ratio near 100% for a long time, and take a position the trend is clear.
👉 Chartists can analyze the dynamic of the indicator - both in terms of trends and overall level. For example as it shown at the chart.
The understading of the study and rules of "timing adjustments" could genarate the awesome opportunities for stock options traders also, with strategies of selling uncovered call options and vertical call spreads.
// Many thanks to @HPotter and @Wheeelman wizards for their continious support and assistance.
BTC Net Volume (Spot) (by JaggedSoft, fixed by SLN)• WHAT:
This indicator plots the aggregated net volume delta of BTC spot pairs from 8 exchanges over the last 60 periods (default settings).
Tracks the following pairs:
"BINANCE:BTCUSDT"
"BITFINEX:BTCUSD"
"POLONIEX:BTCUSDT"
"BITTREX:BTCUSDT"
"COINBASE:BTCUSD"
"BITSTAMP:BTCUSD"
"KRAKEN:XBTUSD"
"BITGET:BTCUSDT"
"GEMINI:BTCUSD"
• HOW TO USE:
Used for confirmation when watching futures that can experience quick movements in the form of liquidation-events. If the oscillator is green or trending upward, it's confirming a positive bias. The inverse is true for a negative bias. This is especially true on higher timeframes.
Can also be used to find correlations between different tech-assets.
• NOTES:
I forked JaggedSofts indicator to fix the data-source error it was having. Let me know if you want to customize exchanges or add more pairs, maybe I can add that in the future!
This indicator replaces the outdated alternative linked here : Please only use this one
• LIMITATIONS:
Only tested with normal japanese candlesticks .
• THANKS:
to the creator of this script, JaggedSoft. It's a great indicator!
• DISCLAIMER:
Not financial Advice, use at your own risk.
True Bitcoin Value USD - Mario MThe average mining costs of one bitcoin equals to the true intrinsic value
Globally, the Bitcoin network uses around 0.5% of the world’s electrical power supply.
The sheer amount of electrical power and complex hardware required to operate a mining farm has intrinsic value.
This gives bitcoin a fundamental cost to create, and thus intrinsic value.
BTC Twitter SentimentBTC Twitter Sentiment - shows the total numbers of all negative, neutral and positive Bitcoin related tweets.
On default settings, the tweets are plotted in red (negative) white (neutral) as well as green (positive). The three charts are stacked so the total number of tweets is easily discernible.
Furthermore, there's an optional smoothing setting in the options.
The Twitter Sentiment data is provided daily by IntoTheBlock; Since data is only updated once a day the graph might look chunky on lower timeframes, even with smoothing.
Volume Buy/Sell (by iammaximov)Buy/Sell Volume
Buy/Sell volume based on total bar amplitude (high/low price) and close/open (for calculate vbuy > vsell or vbuy < vsell)
DlineDline is a indicator that was developed by B-Negative. This indicator was developed under convergence logic. If we have many information of prices, when the information was averaged with more enough, the average line will be the linear line that has direction. The direction of this linear line can help traders to analyze the direction of trends. Dline was made with TEMA, EMA, DEMA, and Dline line that is a average line between DEMA and EMA.
Under B-Negative's concept, DEMA and EMA that are average lines will convergence and have same direction when the trends are coming. Amount of data must more enough and diferrect by assets' type. However, user can change value of DEMA, Dline, EMA, and TEMA by themself under 7 concepts below.
1. EMA will convergence to close Dline when the trend will be changing.
2. The uptrend will occure when EMA above/below Dline and candle sticks are green/red color.
3. TEMA was setted similair DEMA.
4. When new high/low of wave cross TEMA and can not retrun to create higher/lower high/low (At oversold/overbought, Stocastic 9,3,3 counting with loop technique), that is exit point of position.
5. Difference of timeframe or assets could use different parameters. (Setting based on 4 rule above.)
6. Divergence between Dline and EMA mean sentiment of assets are sideways.
7. If Dline and EMA look like same line, the trend is most strength trend.
Dline use thickness = 4
EMA use thickness = 1
This ex. is timeframe day.
Bitcoin Support BandsSMA and EMA support/resistance bands for Bitcoin. Based on 4 week multiples; 1 month, 3 month, 6 month, 1 year, 2 year, 4 year.
BTC Price TrendThe crypto market is reacting very quickly based on BTC price, thus monitoring the BTC price is very helpful.
This script will color the candles based on the BTC price trend. Set the timeframe and down/up percentage to monitor the BTC price trend, and the script should not repaint.
The indicator will monitor the BTC price in a high frame, for example, for 4 hours, if the price goes down the set percentage during one candle, will change the candle color. Thereafter, if the price goes up within a small timeframe (as you set) then the candle color will be changed.
So, in case the bar color is red, then it is recommended to avoid trading since the BTC price is down trending.
The indicator is requesting the BTC price as of now, and the previous closed price, then it will calculate the price difference, if it result is minus, then the price is in a downtrend, else it is in an uptrend.
RSI OverlayThis is the stock RSI index using the Price as the midline.
It can be useful to view information normally displayed in a second pane overlaid on the price chart. As far as I know, this has not been done for one of the most widely used indicators, the Relative Strength Index.
This can be overlaid anywhere on the chart and every parameter is variable. If you'd like to change the position, the RSI, midline, upper line, and lower line are scaled with a factor "*close/x"
To change the position on the chart, simply change the "X" until you are pleased with the location.
The RSI MA was distracting so I removed it. I also published this indicator including the MA, titled "RSI Overlay with MA."
Trend IdentifierTrend Identifier for 1D BTC.USD
It smoothens a closely following moving average into a polynomial like plot.
And assumes 4 stage cycles based on the first and second derivatives.
Green: Bull / Exponential Rise
Yellow: Distribution
Red: Bear / Exponential Drop
Blue: Accumulation
Red --> Blue --> Green: indicates the start of a bull market
Green --> Yellow --> Red: indicates the start of a bear market
Green --> Yellow: Start of a distribution phase, take profits
Red --> Blue: Start of a accumulation phase, DCA
[CP]Pivot Boss Multi Timeframe CPR Inception with MACD and EMAINTRODUCTION:
This indicator combines multi-timeframe CPR bands with MACD Momentum and EMA trend, all projected on the candlestick chart through a novel visualization.
If you have seen my other indicators on TradingView, you would know that I use floor pivots a lot and “Secrets of a Pivot Boss” is my favorite book. While using floor pivots, time and again I have noticed an interesting price behavior,
Trending moves in price typically start from around the Central Pivot Range (CPR). The CPR could be from ANY timeframe. These moves can easily be caught using simple momentum and trend indicators like MACD and EMA crossovers.
Yes, it is that simple. Follow along to understand how to use this indicator.
INDICATOR SETTINGS:
RANGEBOUND MACD AND EMA MARKINGS:
TradingView limits the max number of labels that can be shown on a chart to 500. Therefore, if you go far back enough, you won't see any markings for the MACD or EMA setups. If you are looking to test the efficacy of this indicator in the past, change the start and end dates to your desired timeframe and then select the ‘Mark MACD and EMA Setups in Range?’ option.
MULTI TIMEFRAME CENTRAL PIVOT RANGE:
Here you can select CPRs and their bands from which timeframes are shown on the chart. I will share my favorite settings later in this description.
CPR CONFIGURATION:
Show CPR Labels: CPRs markings can carry labels, so that you don’t confuse between which line is what. Use this setting to toggle them On/Off.
Show Next Time Period Pivots: Check this option if you want to see the CPR of the next time period. This is typically done to figure out the ’Two Day CPR Relationship’ . Read the book, “Secrets of a Pivot Boss”, to understand more.
EMA TREND:
Show EMA on the Chart: EMAs will be plotted on the chart. Standard stuff.
Mark EMA Crossovers on Chart: EMA crossovers will be marked on the chart in diamond shapes. If you are using EMA crossovers, I recommend setting this option to True.
Rest of the EMA settings are fairly obvious.
MACD MOMENTUM:
Projecting MACD parameters directly on the candlesticks is surely going to give you a new perspective about price action and MACD.
Also, in order to better understand the MACD projections on the chart, you can add a standard MACD indicator on the chart with default settings to figure out what my indicator is actually showing you.
Marking MACD Crossovers on Chart: Marks the MACD signal crossovers on the chart. This visualization was a game changer for me.
Show MACD Histogram on Chart: Projects the complete MACD Histogram in a novel fashion (Try it!). You will be able to visually see the ebbs and flow of momentum in the charts.
Mark MACD Histogram Peaks on Chart: Marks only the MACD peaks instead of the complete histogram. Peaks are a great way to enter an ongoing trend and to play an intraday rangebound market.
Rest of the settings are just the standard settings that you will find in a typical MACD indicator.
ALERTS:
Not shown in the settings panel, but I have added alerts for EMA and MACD Crossovers so that you don’t have to sit in front of the charts or constantly check the price all day long.
If you don’t know how to set alerts in TradingView, then please Google it.
INDICATOR USAGE EXAMPLES:
This indicator can be used in intraday as well as in higher timeframes.
There are quite a few variations possible, I personally prefer to use the EMA crossovers in intraday (5m) and MACD on Daily timeframes.
This is just a matter of personal preference, some people might prefer using EMAs only or MACD only in all timeframes.
Here are my personal settings for the intraday 5-minute timeframe:
Turn on all the CPR pivots starting from Yearly all the way to Daily. You can turn on 6 hourly and 4 hourly as well if you want.
Hourly CPR is mostly used when the price is in a strong trend and you missed the entry and don’t know when to enter. Price will typically experience pullbacks towards the Hourly CPR, before resuming in the direction of the trend. That is your chance to hop onto the bandwagon.
For Intraday, I keep the Bands off. Just a personal preference here.
You can turn ON the Show CPR Labels , if you want.
Turn ON both the options in the EMA TREND section. You would want to see the EMA crossovers marked on the chart as well as the EMAs themselves, as the distance between the two EMAs will give you an idea about the strength of the trend.
Keep rest of the settings in the EMA section as default (you can change the colors if you wish). I keep the same EMAs as the ones kept in the MACD indicator. I like to keep things simple.
In the MACD MOMENTUM section, turn ON Mark MACD Histogram Peaks on Chart and all the other options turned OFF. Leave the other settings as default. By the way, these are the default settings of the standard MACD Indicator.
You can set up EMA Bullcross and Bearcross alarms if you like.
Before checking out the examples, remember one super simple rule:
SOME OF THE BEST TRENDING MOVES IN THE MARKET, BE IT INTRADAY OR OTHERWISE, ORIGINATE IN THE VICINITY OF A LARGER TIMEFRAME PIVOT/CPR.
Look for price settling above/below a pivot, and then a move away from the pivot in any direction is typically a trending move.
You can use hourly pivots or MACD Histogram peaks marked on the chart to enter an existing trend, or add to your positions.
Let’s have a look at a few recent intraday examples from the Crypto, Indian, and US equity markets.
I have added my comments in the charts to make you easily understand what is going on.
Understand that both, moving average crossover and MACD, will give out a lot of signals (chop) every day. But almost 70% of them are going to be fake signals. It is the signals that you get when the price is near a Pivot, that tend to convert into gorgeous trending moves that last.
BTC 5m Charts
NIFTY Futures 5m Charts (good intraday trends are hard to find here, as the market is very efficient)
TSLA 5m Charts
Some important points for using this indicator in higher timeframes:
For higher timeframes, my personal preference is to go with the MACD indicator. I personally find MACD to be lethal on daily and weekly timeframes, if you know how to use it well.
The default settings of the indicator are the settings I use for both, Daily and Weekly, timeframes. Additionally, I turn off the CPR labels.
In theory large trending moves still have a big probability to start near an important pivot level, however, in larger timeframes, trending moves can start from anywhere. They need not start in the vicinity of any important pivot (but they often do!).
Weekly pivots can act as great pullback levels when the price is in strong momentum, when trading on the daily timeframe.
Quarterly Pivots act as great pullback levels when the price is in strong momentum, when trading on the weekly timeframe.
BTC Weekly Chart
BTC Daily Chart
Nifty Weekly Chart
Nifty Daily Chart
NASDAQ Weekly Chart
NASDAQ Daily Chart
FINAL WORDS:
Please understand that I have Cherry Picked the examples to showcase the capability of the indicator and its usage.
DO NOT conflate the accuracy of examples with the accuracy of this indicator.
Biggest catch is the fact that this indicator, like every other indicator out there, will have whipsaws. Some I have also marked in the example charts.
You need to come up with your own technique to avoid whipsaws, one technique I have shared here…… big moves typically start near pivots.
Work on avoiding whipsaws and finding you own edge in the markets.
If you really want to learn how to use Pivots, read the book ’Secrets of a Pivot Boss’ . This book can change your life.
Trend Day IndentificationVolatility is cyclical, after a large move up or down the market typically "ranges" during the next session. Directional order flow that enters the market during this subsequent session tends not to persist, this non-persistency of transactions leads to a non-trend day which is when I trade intraday reversionary strategies.
This script finds trend days in BTC with the purpose of:
1) counting trend day frequency
2) predicting range contraction for the next 1-2 days so I can run intraday reversion strategies
Trend down is defined as daily bar opening within X% of high and closing within X% of low
Trend up is defined as daily bar opening within X% of low and closing within X% of high
default parameters are:
1) open range extreme = 15% (open is within 15% of high or low)
2) close range extreme = 15% (close is within 15% of high or low)
There is also an atr filter that checks that the trend day has a larger range than the previous 4 bars this is to make sure we find true range expansion vs recent ranges.
Notes:
If a trend day occurs after a prolonged sideways contraction it can signal a breakout - this is less common but is an exception to the rule. These types of occurrences can lead to the persistency of order flow and result in extended directional daily runs.
If a trend day occurs close to 20 days high or low (stopping just short OR pushing slightly through) then wait an additional day before trading intraday reversion strategies.
DashBoard Alt Season by KziHere is a Dashboard to have an overview of the Alt Season oportunity.
Multiple time frame (Month / Week / Daily /4H)
How to use it?
You have 4 columns
TOTAL Crypto / Btc dominance / Btc Price / Alt ?
The alt? column is the resulte of the price and dominance of btc + 1 point with the total crypto
BTC Dominance UP ? Yes = Négatif for ALTS
/// Btc Price UP ?= > Yes = Positif for ALTS
NO = super négatif for ALTS
No = Positif for ALTS
/// Btc Price UP ?= > Yes = super Positif for ALTS
NO = Neutral
The total market just smooth the total.
If Alt columm is Green= It's OK
If Alt columm is orange = carrefull
If Alt Columm is red = leave the alt
You have to considered that you look on the time frame where you want to trade.
The overtime frame help to understand the bigger view.
Hop you like it and give comment to help the évolutions.
Bitcoin Best Value CorridorHere is my interpretation of the "Best Time To Buy" Bitcoin over its lifetime using a logarithmic regression trendline. The upper and lower lines are 10% deviations from the centre line. I calculated the trendline in excel and then coded my results into pine script.
Lev Umanov Sin EquationThis indicator is taken from the calculations made by Lev Umanov. It predicts the peaks of Bitcoin. The indicator works with most BTCUSD pairings.
100W sma/200W smaThis is an Indicator specifically made for BTC/USD ( Index)
Zoom out on Daily and Weekly candles as much and you can SEE a trend . A very very important trend and you shall remember this indicator with Years to come . This is a VERY long term type indicator and can help you with long term hodling investor mindset analysis .
Accumulation/Distribution Bands & Signals (BTC, 1D, BITSTAMP) This is an accumulation/distribution indicator for BTC/USD (D) based on variations of 1400D and 120D moving averages and logarithmic regression. Yellow plot signals Long Term Accumulation, which is based on 1400D (200W) ALMA, orange plot signals Mid Term Accumulation and is based on 120D ALMA, and finally the red plot signals Long Term Distribution that's based on log regression. It should be noted that for red plot to work BTC 1D BITSTAMP graph must be used, because the function of the logarithmic regression was modified according to the x axis of the BITSTAMP data.
Signal bands have different coefficients; long term accumulation (yellow) and and the log regression (red) plots have the highest coefficients and mid term accumulation (orange) has the lowest coefficients. Coefficients are 6x, 3x and 1.5x for the red (sell) and yellow (buy) plots and 1x, 2x and 3x for the orange (buy) plot. Selling coefficient for the yellow and the orange plots are respectively 2x and 1x. Buy and sell signals are summed up accordingly and plotted at the top of the highest band.
Acknowledgement: Credits for the logarithmic regression function are due @memotyka9009 and Benjamin Cowen
Chanu Delta RSIThis Chanu Delta RSI indicates the strength of the Bitcoin market. The problem with the previous Chanu Delta Indicator was that it was simply based on the price difference between the two Bitcoin markets, so there was no universality. However, this new Chanu Delta RSI solves the problem by introducing an RSI that compares the price difference trend.
This indicator is selectable from both reference and large amplitude BTCUSD markets. I recommend using BYBIT:BTCUSDT for the reference market and COINBASE:BTCUSD for the large amplitude market.
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이 지표는 비트코인 시장의 단기적인 추세를 판단하는데 도움을 줄 수 있습니다. 기존 Chanu Delta 지표의 문제점은 단순히 두 비트코인 시장의 가격차를 기준으로 하여 보편성이 없었다는 점이다. 하지만 이번 새로운 Chanu Delta RSI는 가격차이 추세를 비교하는 RSI를 도입해 문제를 해결했습니다.
이 지표는 레퍼런스 및 큰 진폭 BTCUSD 시장에서 모두 선택할 수 있습니다. 레퍼런스 시장에는 BYBIT:BTCUSDT를 사용하고 큰 진폭 시장에는 COINBASE:BTCUSD를 사용하는 것이 좋습니다.
BTC Cap Dominance RSIBTC Cap Dominance RSI indicator is a combination of the RSI of Bitcoin Market Cap and the RSI of Bitcoin Dominance. The concept of this indicator is to get a good grasp of the bitcoin market flow by combining bitcoin dominance as well as bitcoin market cap.
BTC Cap Dominance (BCD) RSI is defined as:
BCD RSI = (BTC Cap RSI + BTC Dominance RSI) / 2
Case 1 (Bull market):
Both Cap RSI and Dominance RSI values are high
Case 2 (Neutral market):
Cap RSI is high but Dominance RSI is low
Cap RSI is low but Dominance RSI is high
Case 3 (Bear market):
Both Cap RSI and Dominance RSI values are low
(Note) Please note that the market capitalization symbols (CRYPTOCAP:TOTAL and CRYPTOCAP:TOTAL2) of TradingView started in January 2020, so you can check the indicator value from this point on.
Bitcoin Inflation-Adjusted Support and Resistance5year breakeven inflation rate fitted for log BTC chart as Support and Resistance
[FTX Funding Colored Candles] [third eye]This Indicator plots FTX: BTCPERP predicted funding rates and colours the candlesticks based on it.
!!!
Since Tradingview always plots new indicators at the back you might have to click:
Name of the Indicator ( ) -> More -> Visual Order -> Bring to Front
(unfortunately, there is no way for me to do this in pinescript)
There is also the possibility to change colors in the Settings:
It is grouped by where Basis is (FTX:BTCPERP - FTX Spot index)
Changing that might be good for getting a more close up view of LTF price action.
Also to get rid of the Values in the Status line click on Settings and scroll to the bottom to disable "Value in Status Line"
