Leonid's Bitcoin Sharpe RatioThe Sharpe ratio is an old formula used to value the risk-adjusted return of an asset. It was developed by Nobel Laureate William F. Sharpe. In this case, I have applied it to Bitcoin with an adjustable look-back date.
The Sharpe Ratio shows you the average return earned after subtracting out the risk-free rate per unit of volatility (I've defaulted this to 0.02 ).
Volatility is a measure of the price fluctuations of an asset or portfolio. Subtracting the risk-free rate from the mean return allows you to understand what the extra returns are for taking the risk.
If the indicator is flashing red, Bitcoin is temporarily overbought (expensive).
If the indicator is flashing green, Bitcoin is temporarily oversold (cheap).
The goal of this indicator is to signal out local tops & bottoms. It can be adjusted as far as the lookback time but I have found 25-26 days to be ideal.
Bitcoin-btcusd-btc
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
BITCOIN Miners Revenue VS Price Correlation OscillatorUse 3D(3-day candle) as timeframe for best reading.
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original template for Correlation indicator was created by obaranova. credit goes to her.
Cracking Cryptocurrency - MynxCracking Cryptocurrency - Mynx
Mynx is a powerful trend-following indicator which logic built in to facilitate nuanced aspects of PTP strategy. Continuation Trades, Early Exit Signals and Full Take Profit Signals are all built into Mynx. Mynx is designed to identify when the market is signaling that a trend is beginning as well as signalling when you may safely re-enter into a pre-existing trend. It also tells you where to exit prematurely to avoid significant capital loss on a losing trade, and when to take full profit in order to get out of a position at maximum profitability.
Should you have difficulty adding it you can search for 'Cracking' in the indicator window of your Trading View Platform, and it will appear along with the rest of our indicators.
As you will notice, Mynx is similar in nature to Time Transformation, in that it is both a Centered Oscillator and a Line Cross Indicator. This allows a wide range of possibilities which we will exploit to extract profit out of the market.
The most important line is the BPM or Mynx Line. This is going to be the thicker, brighter colored line on our indicator that will switch from green to red depending on the dominant trend. The color changing feature of this line will denote where our indicator is in relation to our zero line. If our BPM Line is green, then price is trading above our zero line, if red than it is trading below. Therefore we can quickly see what our last signal was, and whether our indicator is bullish or bearish depending upon the color of our BPM Line. If Green, we are in long territory, if red we are looking for shorts.
Our second area of importance in this indicator is our Noise Line and Area. This is the black or white line which will change color depending on where Noise is relative to our zero line. Black if above the zero line, meaning we are in long territory, and white if below, indicating we are in shorting territory. The area between the zero line and the Noise Line is shaded black or white as well, and denotes no-trade zones for us. If our BPM Line is within our Noise Area, we are not in a trade. We are only in a trade when our BPM Line is breaking away from Noise Line, either to the upside or the downside. When BPM curls back and re-enters our Noise Area, that is an indication to exit our position regardless of our Take Profits or Stop Losses.
Our Zero Line is indicated by a thick black line for easy of identification, which will be our primary signal generator when our BPM Line crosses above or below it, and our faint gray lines are going to be our Overbought and Oversold levels respectively. These will play a function in how we take profits.
Settings
Let's take a look at the settings of our Mynx Indicator.
The first field we will see is our BPM Source, how many beats per minute we want in our cycle length. The default is ten, and through back-testing I find this to be the optimum level.
Our Noise Filtration level corresponds to our Noise Line and Area. Again, I find the default settings as I have programmed them work best on all time frames, however you might find optimum signals by playing around with these settings. As in all things, nuance and experimentation is what excellence is borne of.
We can adjust our Oversold and Overbought Parameters, making it easier or harder for us to get a Full Take Profit Signal from this indicator. We can also adjust our Base Line. Keep in mind, our Base Line is going to be an Exponential Moving Average and here we can adjust the length of our desired Base Line.
To incorporate our Multi-Time Frame feature, below this section we can see that the default option will be to use a Base Line of the current time frame. If however, we want to trade on a Lower Time Frame and reference a base line of another time frame, we can simply un-check that box and input the desired Time Frame of the Base Line we wish to reference.
Now for the true appeal of Mynx in user friendliness, below this we can see that we have full control of the signals we want Mynx to generate for us. By default, we have enabled Mynx's best signals, Trending Signals. We can choose to plot Continuation Crosses and Reversals Within the Trend, both of which are trades we are allowed to take and I recommend taking in a proper PTP system. We can choose to use Mynx as a reversal indicator, to plot Raw Reversals against the trend, which I do not recommend enabling unless you want to by pass PTP entirely. We can choose to plot when Mynx gives us a Full Take Profit signal, a signal to take full profits on our position. We also have the option to plot for early exits. The Option for Sensitive Stop Loss is the same as early exits, and will plot an exit signal every time the BPM Line drifts back into the Noise Area. These are fairly easy to see upon bar closes, so I left it disabled by default. If you enable it you will get a visual signal to exit your position upon a bar close.
One final note, we can adjust the source upon which Mynx is basing her signals. By default, this value is hl2 , which I found in back-testing to be the most efficient with minimum draw down. However, there is a higher profit potential with HLC3 and OHLC4, but be warned that with that extra profit potential comes the risk of more draw down. The draw down settles out in the end, however there will be months where you drastically under perform Alpha, where as hl2 keeps you consistently outperforming the market at all times. This is a very personal choice, and I leave it upon you to make the right one.
In our Style Tab, we can adjust our Color Scheme to better accommodate the way that you trade. I have done my best to be very concise and detailed in labeling to make this task easy.
Strategy
Please let me know of your success stories with Mynx, as well as any features you think would be helpful to add. If you notice any errors within it, please notify me so I can fix them. I have back-tested this strategy many times in many different settings, and it consistently outperforms the market and generates Alpha. I now place it within your hands to achieve the same results. Trade Safely.
Cracking Cryptocurrency - Quadrigo Position SizingCracking Cryptocurrency - Quadrigo Position Sizing
This indicator is designed to work in conjunction with our position sizing calculations pursuant to the Quadrigo Indicator.
This indicator will allow a trader to input their Account Balance and desired Risk % that they have decided, through their statistical analysis, provides them the greatest Return on Equity balanced against minimal draw down.
Once inputted, the Data Window will display the recommended USD Position Size. It will also pull the current price of Bitcoin, so that a recommended BTC Position Size will be calculated as well, making orders very easy to enter on exchanges that deal in BTC values for order value.
This indicator is optimized for the aesthetics of traders using TradingView's mobile app. With a simple glance you can determine your proper position size for any trade. This is helpful because the larger Quadrigo indicator can take up a lot of screen real estate when on mobile version.
Cracking Cryptocurrency - QuadrigoCracking Cryptocurrency - Quadrigo
An objective method of determining an initial Take Profit and Stop Loss, based on true market volatility and not arbitrary price levels. This indicator gives the user a powerful range of input variation, from Average to Median True Range and a myriad permutations of smoothing and look back lengths, to build an objective value from which to measure profit and stop levels.
This indicator also automatically calculates a recommended position size based on our position sizing methodology. Simply input your capital amount and desired risk level. This indicator will display your optimum position size in USD or BTC, even giving you the flexibility to select your desired exchange for BTC/USD conversion calculations.
Features & Functions
Set custom multipliers for Take Profit and Stop Loss Levels.
Select between Average or Median True Range Calculations.
Select smoothing type and look back length for True Range.
Input custom True Range Level for dialing in precise measurements.
Position Size Calculator.
Aesthetically pleasing display of Take Profit and Stop Loss Levels.
Aesthetically pleasing dashboard display of all relevant trade information including Potential Loss, Distance to Stop Loss, and TR Percentage, among other data.
Indicator displays quantity of position to be removed at each take profit for convenient order setting flow.
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Purpose
To give clear objective stop losses and take profit levels based off price volatility rather than arbitrary price levels, percentage points, ticks, pips, etc.
Cracking Cryptocurrency - Fisher TransformCracking Cryptocurrency - Fisher Transform
A modern spin on a classic. John Ehler's formulas helped transform a generation of traders from working with traditional indicators such as Stochastic and moving average filters to applying frequency and wave theory to their price chart analysis. There are few tools as powerful as Ehler's Fisher Transform , which transforms the behavior of price in a Gaussian Distribution, or a Normal Probability Distribution. This allows us to attain a bell curve of price, with our outliers clearly and objectively identifiable as well as accurately indicate trend direction by bisecting our wave into peaks and troughs.
Features & Functions
Simple and Clean. Only the data you want, no unnecessary information cluttering your work flow.
Adjustable Sources. Select which data source you want to compile your data from from an easy drop-down menu.
Adjustable Triggers. Standard versions of the Fisher have been unable to innovate on the Trigger Line, a vital part of utilizing this to generate trade signals and setups. In this version, choose and adjust your own Trigger and Smoothing Filter based on tried and true implementations.
Adjustable Thresholds. Most versions of the Fisher do not truly allow the customization of the algorithm to suit the asset you are analyzing. All thresholds in this version are fully adjustable to customize this indicator to work for you, not against you.
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Purpose
To remain true to Ehler's original vision of the Fisher Transform while providing traders a functional and efficient indicator with modern innovations and conveniences.
Cracking Cryptocurrency - Waddah Attar Explosion Cracking Cryptocurrency - Waddah Attar Explosion
An entry indicator that analyzes momentum and volume . This indicator is very sensitive and works very well on lower time frames for scalping, and higher time frames for confirming explosive movements or shifts in trend or rising directional momentum in the market.
This indicator can be used as an Initiator, Confirmer, or Vol. Filter. It's multiple components make it an extremely effective tool in any trader's tool belt.
Features & Functions
This indicator can be customized by adjusting the sensitivity levels, lengths, and multiplier. However, I find that the settings that I have made as default work very well. However, as with all indicators, nuance and customizing your settings to your asset class and time frame will yield greater results.
False Positive Filter - Enabling this, as it is by default, will dramatically change this indicator's sensitivity. This is designed to analyze long-term momentum and reduce the occurrence of "false positives". However, the trade off will be reduced reaction speed.
Entry Strategy - Print alerts and trading signals for many different permutations of entry strategies available with this indicator. Explosion Level Crossovers, Color Flips, Rising Explosion Level Cross, and Rising Explosion Level.
Exit Strategy - Print alerts and trading signals for many different permutations of exit strategies available with this indicator. Explosion Level Cross, Receding Delta, Color Flip, Falling Explosion Level.
Bar Coloring - This indicator colors the bars to indicate a buy or sell signal, as well as printing Up and Down arrows in the indicator pane itself. This can be disabled in the settings window.
Alerts - This indicator is programmed with Buy and Sell alerts, available from the Alerts Window.
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Purpose
To identify likely turning points in the market, the existence of powerful momentum to confirm a directional bias, or the introduction of high volume or volatility into the market.
Cracking Cryptocurrency - Base Line What is the Base Line?
The Base Line functions as a powerful filter to our primary and continuation signals. With this indicator, we aim to provide you the best method of testing multiple Base Lines to determine what will be the best variant to fit within your trading structure.
Should you have difficulty adding it you can search for 'Cracking ' in the indicator window of your Trading View Platform, and it will appear along with the rest of our indicators.
Settings
Let's take a look at the settings of our Base Line Indicator.
Our initial Base Line Settings allow us to input the Smoothing Type, Length, Source, and Time Frame (Multi-Time Frame Function) desired. There is another option here for Channel Multiplier. There is a Keltner Channel surrounding the Base Line, you can adjust it's width with this setting.
There is a checkbox to allow the indicator to repaint when viewing higher time frame data on lower time frames. By default, this indicator will not repaint. Only if you, for some reason, want it to (for example for testing live strategies). The other aesthetic option will color the bars based on Base Line trend.
Below this are the Take Profit and Stop Loss options. By default, these will not plot. If you desire to see recommended Take Profit and Stop Loss Levels, enable the first checkbox in this section. You can select from Average True Range or Percentage types of TP and SL. You can adjust their parameters in the settings here.
Then we arrive at True Range Settings. You can select between an Average or Median, adjust look back length and Smoothing Type. You also have the option to input a custom value. This is especially helpful when trading prior to candle close, or directly after candle close to lock it to the previous candle's closing value.
Finally you can plot the Entry Qualifier. It will automatically determine trend based on close relative to the Base Line, however you can Override this with the boolean option.
Finally, two No Trade Zone conditions. Candle Size will not take trades where the absolute value of the candle was greater than the ATR multiplier you set here. Qualifier Violations alert you when candles are closing above/below your Trade Qualifier.
Strategy
This indicator's primary function is to act as a trending filter. However, it can be used for Reversal Bounces, Initiations, and Continuations all on it's own. We encourage you to test this as a robust part of your own trading strategy!
Cuban's BTCUSD Spot Buying GuideI have been using a few different spreads to track market sentiment for $BTCUSD over the last 12 months, and has worked out very favourably.
Although it's a low sample size, I feel as the market has become more efficient, these signals have become more accurate. Obviously, alpha decay will slowly arb these out but I thought I would share this rough guide.
There are many ways you can use these buy opportunities. I recommend buying after waiting for the candle to flip white (from green), this will be accompanied by the text, 'SPOT'. However, aggressive entries can be taken by slowly averaging in while the candle colouring is green.
I have left out any take profit strategy, as I will leave this to the user.
Enjoy!
Bitcoin Cycle Top IndicatorBitcoin Cycle Top Indicator on the 1W Bitcoin Logarithmic chart.
Called all 3 tops so far to a T, this indicator will be great use for the next upcoming cycle.
I kept it sweet and simple, no need to overcomplicate. That's all this indicator does.
Extreme VolumeThis indicator colors volume bars that are significantly higher volume than the vol moving average ( SMA ). Utilizes two multiplier that can be adjusted by user. Defaults are that the indicator colors volume bars yellow if 20% higher than average, and orange if over 50% higher than average.
Reason why i created this indicator is i typically don't care about volume unless it is significantly higher than average. I find extreme volume useful for confirmation of a breakout, etc. This is why the rest of the volume bars are gray, they are still available for reference, but I dont pay much attention until volume is higher than average.
Also, when you load this indicator it will be in its own pane below the chart. To try and figure out how to add it to same pane as the chart was a huge pain in the ass. Once you figure it out it is pretty easy. I'll try to explain below...
Next to the indicator name you have the following options ... Hide, Settings, Show Source Code{}, Delete(X), and More (3 dots)
1) Click on "More" (3 dots)
2) Click on "Move To" then chose "Existing Pane Above"
3) Volume will likely be too large. Volume scale should be on left side, use your mouse to adjust volume smaller
4) Volume will likely be in the middle of your chart, click on it and drag it down.
BEST Mayer MultipleHello traders
I'm not a HODLer by any means. I know when to sell (or I think I know....) when an asset starts going against me too much.
Even if it's a "long-term" investment.
My mentor used to telling me this: "If a short-term trade becomes a long-term investment, then you're in for a hell of a ride".
I have no clue if Bitcoin/BTC will go back up or not - I don't even care because I'm an intraday trader.
What if BTC was actually a way to accumulate more fiat? Satoshi fooled us
I coded this Mayer Multiple according to the specifications below. By the way, I'm a big fan of Willy Woo. I've been monitoring all his work since I learned about crypto (10 minutes ago.... it's a joke come on)
charts.woobull.com
Scaling
To respect the Mayer's multiple model, I recommend to select the Logarithmic scaling as shown below
imgur.com
What Mayer's model says
Using the reference below, the model says we're in the oversold zone. But, we can be in that zone for months/years...
When a model says an asset could bounce in a 1000-7000 USD range... well... I don't know how I would be able to perform optimally with that insight. This is very subjective and not a recommendation.
Mayer's Multiple model reference
All the BEST
Dave
Bitcoin Prices InfoPanelHello traders
This script is based on the great Ricardo Santos InfoPanel script
It will display all the Bitcoin prices
The script is public so you can adjust according to your own needs
PS
You might have to scroll right on your chart to see the panel
Enjoy :)
Dave
CME & XBT - BTC Futures Settlement DatesHi everyone
This in an indicator inspired by Scarrff
I added the XBT quarterly and yearly settlement dates
Enjoy
David
Dividing 2 symbolsHello Traders
This indicator is used to divide two assets between them. Why you would ask ?
For instance, in crypto trading, traders often look at the ratio Longs/Shorts or Shorts/Longs to figure out which side is leading the market and use this information as a powerful hedge for their next trade
Enjoy
Dave
RSI + Stochastic RSI Indicator CombinedFree to use RSI and Stochastic RSI, combined within one indicator.
The RSI and Stochastic RSI are two of the most commonly used and respected indicators in trading technical analysis. By placing them on top of each other you can save valuable space on your chart and stay more easily within your TradingView indicator limit.
The RSI is bright blue, with the "neutral" 30-70 chart area shaded blue.
The Stoch RSI is red and blue, with the "neutral" 20-80 chart area shaded purple.
None of the other annotations shown above will appear, they are only to demonstrate how they can be interpreted.
So what does the RSI do?
Broadly speaking, the Relative Strength Index measures the strength and movements of a market.
Above 70 the RSI is considered oversold = an increased likelihood of an incoming price drop.
Below 30 the RSI is considered undersold = an increased likelihood of an incoming price rise.
What does the Stochastic RSI do?
Broadly speaking, the Stochastic RSI measures the momentum of a market. It does this by measuring the RSI relative to its own high/low over the previous period.
Above 80 the Stoch RSI is considered oversold = an increased likelihood of an incoming price drop.
Below 20 the Stoch RSI is considered undersold = an increased likelihood of an incoming price rise.
Look for when the two Stoch RSI lines cross over - it is an important signal.
When the blue line is on top we have momentum driving the price up; when the red line is on top we have momentum driving the price down.
The key here is to look for periods where both the RSI and Stoch RSI are both low at the same time (especially on the daily chart) = an extremely promising entry point to catch a move up. Equally, looking for periods where both the RSI and Stoch RSI are very high is likely a good exit point (or at least a time to make absolutely certain you have a suitable stop-loss in place), because a price drop is likely not far away.
Remember: the Stoch RSI does not always fluctuate cleanly between the top and bottom. At any time it can change direction to reflect market conditions, which is why a stop loss is essential at all times. Equally, just because the RSI or Stoch RSI is at 100, it is still possible for it to keep going up due to whale action or traders FOMOing in. The same applies at low levels. Both these indicators represent historical data and therefore are not strictly predictive in nature, but show trends that may be in action.
Please give me a thumbs up and follow me if you found this useful. This tool is for educational purposes only and not a recommendation to buy or sell. Always do your own research before trading. Make sure to add this to your favourite scripts.
Best wishes,
BCryptological
ps - combine this powerful indicator with knowledge of strong support and resistance points with the 50/100/200 Moving Average . This will help you identify likely entry/exit points to maximise the accuracy of your predictions.
BTC Precognition - Mtrl_Scientist (study version)Hey everyone!
This is the study version of the improved 'BTC - Precognition' algorithm, meaning you'll only see the indicator and not have 'longs/shorts' painted on your chart.
- Works better with normal candles now, as internal calculations are forced to be done on Heikin Ashi, regardless of chosen candle format
- Turned into a study, rather than strategy, as not to interfere with strategies that are already in place
- Added Overbought/Oversold conditions (orange) with adjustable threshold, based on normalized price action helper indicator
Reminder: Only for use with BTCUSD, as it draws data from specific exchanges!
I will also add these changes to the strategy version.
Please let me know what you would like to see improved!
Bitcoin Long/Short Ratio V2 + Bottom AlertVersion 2 of my Bitcoin Long/Short Ratio with the addition of a market bottom alert. Enjoy.
% Δ, BTC Futures vs. BTC Spot By @Cipher_ScienceAlternative Version to my previous script:
I had fellow traders ask for a delta% version instead of using the delta$!