OPEN-SOURCE SCRIPT

Botvenko Script

Updated
I just test&learn pine script...

Damn, what should I write here? So... Its just a differense between the logarithms of two prices of different periods (You can set the period you want)... And it looks really nice... Ahem...
I hope, you enjoy this piece of... Have a nice day, my dear.
Release Notes
na changed to zero
Release Notes
I've added a red/green candle dominance chart over a period that you can choose for yourself (navy blue). The correlation with the graph is quite well traced. Potential bull/bear markets can be pretty well identified (in bitcoin at least).
Release Notes
Just changed the text.
Bearish PatternsbearmarketBullish PatternsbullruncryptocurrenciesmoodsentimentsignalstradingTrend AnalysisVolatility

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.

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