Bitcoin: Price Action Integral Bands

This indicator tries to display absolute tops and bottoms for Bitcoin. The price action gets integrated with two custom functions resulting in the blue top and red bottom price action integrals. From those integral values we allow 5% deviation in up and down direction, leading to price action integral bands of some non-zero width.

Even in the current liquidity crisis with abnormal price movements, Bitcoin had no weekly candle close below the support band. One thing to note is that in the here presented model, up until now only one single weekly candle touches the blue band in each of Bitcoin's cycles. For longer-term trades it might be a good idea to buy BTC when price is around the red band, and sell/go short when BTC is around the blue band, although this is no financial advice and one should always cross-check with other indicators/informations.

There's the option to plot or hide the bands individually.

The integral bands are specifically designed for the Bitcoin BLX (BraveNewCoin Liquid Index) ticker on weekly timeframe. For other assets, tickers and timeframes the functionality of this indicator cannot be guaranteed and will most probably not deliver meaningful results.

Notas de prensa

Added a green mid price action integral band. When price is located above the green band, the market is in a bullish environment, if price lies below it, the market is in a bearish environment. You can hide the green band via 'Indicator Settings' like the other bands if you want.

Notas de prensa

Added two more integral bands for finer trading opportunities: a turquoise top-mid band, and an orange bottom-mid band.

Notas de prensa

Name change of the study.

Notas de prensa

Added a full array of bands for many additional trading opportunities, and especially for a mapping of the parabolic fallout following a bullrun.

Notas de prensa

Minor update of the 4th band.

Notas de prensa

Code update to Pinescript v6.

Script que requiere invitación

Solo los usuarios autorizados por el autor pueden acceder a este script. Deberá solicitar y obtener permiso para utilizarlo. Por lo general, este se concede tras realizar el pago. Para obtener más información, siga las instrucciones del autor indicadas a continuación o póngase en contacto directamente con Dean_Trader.

TradingView NO recomienda pagar por un script ni utilizarlo a menos que confíe plenamente en su autor y comprenda cómo funciona. También puede encontrar alternativas gratuitas y de código abierto en nuestros scripts de la comunidad.

Instrucciones del autor

DM me for further information.

Advertencia: lea nuestra guía sobre scripts solo por invitación antes de solicitar acceso.

Dean_Trader

Exención de responsabilidad

La información y las publicaciones no constituyen, ni deben considerarse como asesoramiento o recomendaciones financieras, de inversión, de trading o de otro tipo proporcionadas o respaldadas por TradingView. Más información en Condiciones de uso.

Script que requiere invitación

Instrucciones del autor

DM me for further information.

Advertencia: lea nuestra guía sobre scripts solo por invitación antes de solicitar acceso.

Dean_Trader