Bull / Bear Market Regime
Instructions:
- A simple risk on or risk off indicator based on CBOE's Implied Correlation and VIX to highlight and indicate Bull / Bear Markets. To be used with the S&P500 index as that's the source from where the CBOE calculates and measures implied volatility & implied correlation. Can also be used with the other indices such as:...
SCRIPT DESCRIPTION
This is a script specifically written to help provide indicators from a macro view. This script is best run on the 1 day interval on Bitstamp's $BTCUSD chart. It helps indicate when to accumulate bitcoin, and when its in a bull run when there are local tops, strong top warnings, and a signal to exit a bull run. This is described further...
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.