Blockchain Fundamentals - MCCD - Miner Capitulation Conv/Div🔗Blockchain Fundamentals - MCCD - Miner Capitulation & Convergence Divergence
(a.k.a. Hash Ribbons)
Intro
Miner Capitulation has been talked about alot recently in the news and on twitter. I wanted to join the in fun and add my own spin on things.
Description
This shows the 30 (yellow) and 60 (orange) day moving average of the hash rate of bitcoin. I added an option to show the convergence/divergence of the two moving averages in a visual manner similar to the MACD.
I also added the ability to select both the length and type of MA used in the calculation of the capitulation so you can experiment.
Other additions include bar coloration by trade state, and background highlighting of capitulation periods.
Editable Capitulation/Recovery plots will show clearly when the crosses happen.
The way to replicate my display is to add the indicator twice below the chart and combine in the same pane. First indicator displays the averages by default. The second one you enable convergence/divergence display option and uncheck the rest.
Last I add the indicator one more time and dragged it on chart. Do not combine the scales into one, of else it will ruin the scale (you want them separate scales). Its just showing you possibilities, use whatever works for you!
👍 We hope you enjoyed this indicator and find it useful! We post free crypto analysis, strategies and indicators regularly. This is our 73rd script on Tradingview!
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Cryptorhythms
Blockchain Fundamentals - Satoshies Per Dollar by Cryptorhythms🔗Blockchain Fundamentals - Satoshis Per Dollar by Cryptorhythms
Intro
SPD is a new metric I propose which can be used to determine general sentiment and help narrow down periods to DCA .
Description
In the most basic sense this indicator is simply showing you how many satoshies are equal to one US dollar . This can be a useful metric to keep stored in the back of your mind. It can also give you a new satoshi based perspective on bitcoin pricing.
I simply added an MA selection option to give a basic sentiment reading. You could also use the red areas as a modified DCA (i.e. only do dollar cost averaging when red zone is in effect.
The indicator is not really meant for buy/sell signaling but more as a reference
👍 We hope you enjoyed this indicator and find it useful! We post free crypto analysis, strategies and indicators regularly. This is our 71st script on Tradingview!
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Leavitt Convolution & Acceleration by CryptorhythmsLeavitt Projection, Convolution, & Acceleration by Cryptorhythms
Intro
Bringing you another open source Gem this time from the January 2020 Issue of TASC.
Description
In the article in the Oct 2019 TASC issue titled "An interplanetary marriage" author Jay Leavitt describes the evolution process required in strategy design by introducing his Mars strategy. This grew out of concepts presented in his earlier TASC articles such as the stratosphere, moon rocket, and tech emini strategies. This dual indicator uses a linear regression of price data to help derive slope and acceleration information, in turn helping him to identify trends and trend turning points.
Additions
As usual a few useful extras are included such as a rudimentary signaling system, bar coloration by trade state, overbought/oversold areas to assist in algorithmic setups, and more!
👍 We hope you enjoyed this indicator and find it useful! We post free crypto analysis, strategies and indicators regularly. This is our 71st script on Tradingview!
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Apirine Stochastic MACD w/ MA Selection by Cryptorhythms📊 Apirine Stochastic MACD w/ MA Selection by Cryptorhythms
Intro
Had to re-release due to moderation.
This happens to be my first open source indicator, hope you all enjoy it!
Description
This indicated is ported from November 2019 issue of TASC. “The Stochastic MACD Oscillator” in this issue, author Vitali Apirine introduces a new indicator created by combining the stochastic oscillator and the MACD . He describes the new indicator as a momentum oscillator and explains that it allows the trader to define overbought and oversold levels similar to the classic stochastic but based on the MACD .
Options
-You can enable bar coloration for trade state (signal conditions setup in the "long" and "short" variables).
-You can choose histogram or columns for the convergence/divergence display.
-You can turn on/off and adjust the overbought / oversold zones.
-You can choose what type of moving average to use in the calculation from a small selection of options. This gives you more flexibility to adapt the indicator to your needs.
👍 We hope you enjoyed this indicator and find it useful! We post free crypto analysis, strategies and indicators regularly. This is our 70th script on Tradingview!
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🔗Blockchain Fundamentals - Marketcap Multiple by Cryptorhythms🔗Blockchain Fundamentals - Marketcap Multiple by Cryptorhythms
Intro
A brand new original indicator to judge long term bitcoin accumulation and distribution zones. Created by myself - theheirophant.
I love the way the indicator MVRV (market value to realized value) works, but there's no way to replicate it on tradingview as it uses outside data not available in the TV ecosystem. Then while looking at various marketcap alternatives, and idea was plain in front of my face!
Looking at marketcap + top cap + average cap creates a bounded area of price as seen here
Description
So I created an oscillator that shows marketcap's relation to top cap as the upper bound, and average cap as the lower bound. It then is rescaled from 0.25 to 10.
It should be viewed on a logrithmic scale and only works on the daily timeframe. You can enable/disable bar coloration and background highlighting from options.
It can be interpreted as times to accumulate and distribute on a long term basis. It would work well for trading spot markets.
The line at 0.75 acts as a sentiment indicator (above it is bullish, below it is bearish).
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🧬dRSI Signals Internal Beta Test by Cryptorthyhms🧬dRSI Signals Internal Beta Test by Cryptorthyhms
Test release, for internal testing only. Debut release soon!
Thank you all for your patience!
🧬Dynamic RSI Zones v1.0 by Cryptorhythms🧬Dynamic RSI Zones v1.0 by Cryptorhythms
Intro
There are a few adaptive RSI indicators already out there, and they got me thinking. They didn't really do what I desired, or do it profitably. So I had some hunches on how I could create my own and here it is!
Description
It is setup for all major timeframes, though for now its best on 30m or higher. Supported timeframes include: 1m, 3m, 5m, 15m, 30m, 1h, 2h, 4h, 12h, and daily. I am working on settings for 2 day, 3 day and weekly as well for a future update.
This way no more entering settings when changing timeframes, which can mean a lot when seconds matter.
You can however disable the automatic settings if you wish to experiment on a different timeframe or coin/market.
Instructions
Detailed instructions will follow in a separate post for brevity.
Future Updates
There will be many upcoming updates and improvements. These will include some graphical improvements, better performance on lower timeframes, additional timeframes added for XBTUSD, support for additional coins (ETH, LTC, XRP, etc are all coming).
Remember the settings are currently adapted for XBTUSD only!
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Blockchain Fundamentals - TAAR by CryptorhythmsBlockchain Fundamentals - TAAR (Network Transaction Vol : Active Address Ratio) by Cryptorhythms
Link to Instructions Page / Idea will be linked below.
Q: Why are we separating instructions from the indicator page?
A: Well Tradingview recently instituted a change that only open source script authors can gain rep for their efforts. Any script that is protected or invite only no longer gets points, even if its still free for anyone to use.
We (respectfully) disagree and feel that it is unfair. We ask everyone to like the IDEA (linked below) for this script if you want to support our efforts to keep releasing free (but protected source) indicators.
Blockchain Fundamentals - Difficulty Ribbon by CryptorhythmsBlockchain Fundamentals - Difficulty Ribbon by Cryptorhythms
Link to Instructions Page / Idea will be linked below.
Q: Why are we separating instructions from the indicator page?
A: Well Tradingview recently instituted a change that only open source script authors can gain rep for their efforts. Any script that is protected or invite only no longer gets points, even if its still free for anyone to use.
We feel that is unfair so we ask everyone to like the IDEA (linked below) for this script if you want to support our efforts to keep releasing free (but protected source) indicators.
💸 Divergence Finder v1.0 by Cryptothythms💸 Divergence Finder v1.0 by Cryptothythms
Intro
This indicator is meant as a quantitative look at divergences. Special thanks to RicardoSantos (legend!) for his divergence detection script which was used as a basis to construct this.
Usage
Lime Green = Regular Bullish Divergence
Dark Green = Hidden Bullish Divergence
Red = Regular Bearish Divergence
Maroon = Hidden Bearish Divergence
Remember... divergences do not have a high probability success overall. So to mitigate that this is an attempt to source many "opinions" on the state of divergence from many different classes of indicators.
Leading indicators - Lead price action, but have a higher probability of false signals
Real time indicators - Track price action, momentum, etc in a tick by tick state. Generally a 1-3 bars lag can be present.
Lagging indicators - Lag price action a little, but offer more in terms of confirmation of the divergence
Volume indicators - Look at volume flow in different fashions and give an added dimension to divergence finding. Remember volume divergences interact with price independently. For instance volume can be going down, but price going up. Be sure to understand the relationship of volume and price action when considering these readings.
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For Trialers & Chat: t.me/cryptorhythms
⚛WPZO - Wave Period Zone Oscillator by Cryptorhythms⚛WPZO - Wave Period Zone Oscillator by Cryptorhythms
Intro
Based upon Akram El Sherbini's article "Time Cycle Oscillators" published in IFTA journal 2018.
Companion indicator to the Wave Period Oscillator, this is simply a transformation to display in a familiar manner like an RSI. Occasionally WPO can exceed the upper and lower boundary lines in strong moves. With WPZO, it will never go below -80 or above +80.
Description
In the Authors words....
"The wave period zone oscillator (WPZO) is a bounded oscillator for the wave period oscillator (WPO) and calculates the period of the market’s cycle. In other words, the wave period refers to the time taken by buyers or sellers to complete one cycle. The oscillator moves within a range of -100 to 100 percent.
The WPZO has overbought and oversold levels at +40 and -40 respectively. At extreme periods, the oscillator may reach the levels of +60 and -60. The zero level demonstrates an equilibrium between the periods of bulls and bears. The WPZO oscillates between +40 and -40. The crossover at those levels creates buy and sell signals. In an uptrend, the WPZO fluctuates between 0 and +40 where the bulls are controlling the market.
On the contrary, the WPZO fluctuates between 0 and -40 during downtrends where the bears control the market. Reaching the extreme level of -60 in an uptrend is a sign of weakness. Mostly, the oscillator will retrace from its centerline rather than the upper boundary of +40. On the other hand, reaching +60 in a downtrend is a sign of strength, and the oscillator will not be able to reach its lower boundary of -40.
During an ideal uptrend, the WPZO does not reach the lower boundary of -40 and usually rebounds from a higher level than -40. This means that the bulls have taken control earlier. Hence, a zeroline crossover generates a buy signal. The WPZO crosses the upper boundary at +40, then pulls back again below +40 to generate a sell signal. During sideways, the WPZO fluctuates between the lower and upper boundaries of -40 and +40. This tactic is also used in an uptrend where corrections are strong enough to drive the WPZO line below the lower boundary. During downtrends, the WPZO fails to reach the upper boundary and oscillates between the 0 and -40 levels.
The bears enter early, indicating an obvious weakness in the market. Therefore, crossing the zero level generates a sell signal. The exit at weakness tactic is used during uptrend reversals and downtrends. The WPZO oscillates between the centerline and the lower boundary of -40. The bears are controlling the market and move in wide cycle periods, while the bull’s strength is almost absent. An exit signal is triggered once the WPZO crosses -40. When prices decline, the WPZO may cross its extreme lower boundary at -60. Therefore, a swift exit signal is triggered once the WPZO crosses -40.
The WPZO gives an insight about the relation between time and price movements. In this article, we used the oscillator to differentiate between the time taken by bulls and bears to complete one cycle. Due to the boundaries effect, the WPZO may diverge less than the WPO with prices."
TL:DR
More strategy discussed above, but heres the short version:
Bullish signals are generated when WPZO crosses over 0
Bearish signals are generated when WPZO crosses under 0
OverBought level is 40
OverSold level is -40
ExtremeOB level is 60
ExtremeOS level is -60
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⚛WPO - Wave Period Oscillator by Cryptorhythms⚛WPO - Wave Period Oscillator by Cryptorhythms
Intro
The indicator is based on Akram El Sherbini's article "Time Cycle Oscillators" published in IFTA journal 2018. The third in a series of 4 time cycle indicators I will be publishing.
The WPO is a short-term oscillator that measures the buying and selling period of price cycles over a certain time interval. The leading oscillator indicates a rise in buying period when it moves above the zero line and a rise in selling period when it moves below the zero line.
Description
Centerline Crossover: A bullish centerline crossover occurs when the WPO line moves above the zero level to turn positive. A bearish centerline crossover occurs when the WPO line moves below the zero level to turn negative. When bulls are in control, the price rally begins and the average of the bull’s period T increases to drive the WPO line above the centerline. A buy signal is subsequently triggered. When the bulls start to loose power, prices move sideways and the average period decreases. In this case, the WPO line may flutter near the centerline and cause false signals, whipsaws. To avoid the whipsaws occurring on the centerline, the following trading tactics are proposed.
TL:DR
Bullish signals are generated when WPO crosses over 0
Bearish signals are generated when WPO crosses under 0
OverBought level is 2
OverSold level is -2
ExtremeOB level is 2.7
ExtremeOS level is -2.7
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For Trialers & Chat: t.me
⚛SHO - Simple Harmonic Oscillator by Cryptorhythms⚛SHO - Simple Harmonic Oscillator by Cryptorhythms
Intro
SHO – Simple Harmonic Oscillator - A Time Cycle Oscillator. Published in IFTA Journal 2018 by Akram El Sherbini.
Description
Bullish signals are generated when SHO crosses over 0
Bearish signals are generated when SHO crosses under 0
OverBought level is 40
OverSold level is -40
ExtremeOB level is 60
ExtremeOS level is -60
As with most oscillators, divergences can be taken advantage of.
Zero line represent the point of control between bears and bulls. A companion indicator to the Simple Harmonic Index ()
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🆓 SHI - Simple Harmonic Index by Cryptorhythms🆓 SHI - Simple Harmonic Index by Cryptorhythms
Intro
The indicator is based on Akram El Sherbini's article "Time Cycle Oscillators" published in IFTA journal 2018.
The simple harmonic index (SHI) is based on the derivations of the simple harmonic equation.
Description
The trading tactic used for the simple harmonic index is merely the centerline crossover. A buy signal is generated when the SHI line moves above the zero level to turn positive. The period of the bull cycle rises, leading to an increase in price displacement. A sell signal is generated when the SHI line crosses down the centerline to turn negative.
Alternately I provided overbought and oversold zones. With these you can use the signal line reentry to the channel as an entry or exit signal. Just keep in mind if you enter a position based on this rules and the signal line goes back into OB/OS area, you should exit as it maybe a false entry.
What I would recommend is using the 0 crossover strategy, and the OB/OS zones as potential turnaround areas.
TL:DR
Bullish signals are generated when SHI crosses over 0
Bearish signals are generated when SHI crosses under 0
I put a few example trades up on the chart.
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♒RBCI - Range Bound Channel Index by Cryptorhythms♒ RBCI - Range Bound Channel Index by Cryptorhythms
Intro
This is my best approximation of the RBCI. Its not perfect, but it does the job well enough.
A good way to use it is to enter when the singal line (light blue) RE ENTERS the channel from below. I circled these points on the indicator in green.
Description
Information to create was gathered mostly here: www.finware.com
RBCI (Range Bound Channel Index) – is calculated by means of the channel (bandwidth) filter (CF). Channel filter simultaneously fulfills two functions:
Removes low frequent trend formed by low frequent components of the spectrum with periods, more T2= 1/fc2;
Removes high frequency noise formed by the high frequent components of the spectrum with periods, less T1= 1/fc1.
👍 Enjoying this indicator or find it useful? Please give me a like and follow! I post crypto analysis, price action strategies and free indicators regularly.
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🔗Blockchain Fundamentals - Bitcoin Post Halving Price Model🔗Blockchain Fundamentals - Bitcoin SFR / Halving Price Prediction Model
Description
This price model is based upon the work of PlanB (@100trillionUSD) which can be seen here: medium.com
He states "We can also model bitcoin price directly with Stock to Flow. The formula of course has different parameters, but the result is the same, 95% R2 and a predicted bitcoin price of $55,000 with SF 50 after May 2020 halving."
He was using monthly data on a weekly timeframe. I converted to a daily timeframe, and add in future price prediction by projecting the average number of blocks mined. You can use this along with the Stock to Flow Ratio indicator here .
Post halving price prediction currently stands at ~$62k based on this model.
👍 Enjoying this indicator or find it useful? Please give me a like and follow! I post crypto analysis, price action strategies and free indicators regularly.
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🔗Blockchain Fundamentals - Network Value to Aggregate Fee Ratio🔗Blockchain Fundamentals - Network Value to Aggregate Fee Ratio by Cryptorhythms
Intro
Another blockchain metric brought to you by Matteo Leibowitz, ported by me to tradingview for your viewing pleasure.
Description
Fees as Indicator of Demand. After some consideration, I believe that aggregate transaction fees in dollar terms across different time periods can provide a semi-accurate representation of network demand.
Fees are more resistant to spoofing than alternative metrics like ‘Transaction Count’ and ‘Transaction Volume’, the former susceptible to low fee transaction spamming, the latter susceptible to ‘wash transactions’ by wealthy investors. Conversely, the only way to significantly boost a network’s fee revenue is to spend significant capital on fees.
Fees also act as near-direct proxy for demand to use the crypto asset as a Medium of Exchange, ‘gas’ for Decentralized Applications, or a hybrid of the two.
By measuring aggregate fees over varying time periods and comparing it to network value, we can ascertain the extent to which a network is over or undervalued relative to demand for the network as an alternative payment system and/or decentralized application execution system. This might be somewhat analogous to the Price/Sales ratio used in the stock market.
Please read here for more information on how to use: medium.com
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🔗 Blockchain Fundamentals - Thermocap by Cryptorhythms🔗 Blockchain Fundamentals - Thermocap (Marketcap Alternative) by Cryptorhythms
Description
Market capitalization is an indicator for assessing the value of equity in companies. Crypto has inherited the metric from stocks and is having a hard time trying to get rid of it. Problems here are:
Market Cap takes into account all coins distributed so far, not distinguishing lost coins within the circulating supply (or coins intended to be hodled for long periods).
The point is: if a cryptocurrency has a market cap of $1 billion, it doesn’t mean that $1 billion has flown into that asset. One can create a billion coins; sell 2 of them for $2; and thus pump into CoinMarketCap an excess of $999.999.998 in relation to the actual amount that asset has been traded for.
A more appropriate measure of network value was recently put forth by Nic Carter. Remember capital flows in crypto generally do not come in via exchanges (miners notably like to sell OTC). Every buy in an exchange is matched by a sell. Money that comes in = money that goes out.
True inflows (in Bitcoin, at least) are the aggregate of resources spent by miners. And a good proxy for that is the amount these folks are earning back from networks they support in return for their investments. That’s aggregate security spend (or Thermocap): what was actually paid out to miners (coinbase transactions * their price in USD at the time they were mined).
What does it portray?
A more effective measure of wealth in illiquid markets. How much the network has been worth to its maintainers, in cash flows.
🔗 Blockchain Fundamentals - NVU Ratio by Cryptorhythms🔗 Blockchain - NVU (Network Value to User) Ratio by Cryptorhythms
Introduction
Please note this is not an indicator that gives you buy and sell signals, its for bitcoin blockchain based fundamental analysis and valuation metrics.
Description
Blockchains have network effects.
The classic example of network effects is Facebook: every person who gets on Facebook makes the network a little more valuable for every other person on Facebook.
As the number of users in a network grows, the more valuable the network becomes. That’s why the most powerful companies in the world today are network companies: Facebook, Apple, Google. The old-school “blue chip” companies don’t have the benefits of network effects. (When a new customer buys your toothpaste, it doesn’t make toothpaste more valuable for everyone else.)
Blockchain assets (like bitcoin) are essentially networks. The more people who use a blockchain asset (like bitcoin), the more valuable that blockchain becomes. One way that analysts value network companies (like Facebook and Twitter) is by looking at Network Value per User. We take their market cap, then divide by their number of Monthly Active Users.
Of the top social media networks, the Value Per User generally ranges from $25 to $250. These values have fluctuated over time, but they give us some guard rails. Of the blockchains we can track, the Network Value per User is typically $1,000 and $5,000 per user. This makes sense, as we would expect blockchain NVU to be higher than social media NVU, since blockchain users are much more valuable—they’re not just mindless ad-consuming machines, like on Facebook.
The caveat is that Value Per User depends on knowing Monthly Active Users, which is not available for all blockchain assets. Blockchains that have this level of transparency will have better valuation metrics, which means they will become more trusted, and thus more highly valued.
💧Klondike Watermarking Tool by Cryptorhythms💦Klondike Group Watermarking Tool by Cryptorhythms
👋Heirophant and the Cryptorhythms Team here with a script that is sorely needed....
💭I got to thinking about how so many scammers on telegram and other media reuse other peoples charts and analysis (sometimes selling them). I find the whole scheme repugnant. Consequently I wanted to help legitimate groups keep their intellectual property ownership and brand integrity.
👮This is for Chartists and Signals Groups both Public and Private. It helps to prevent copiers from stealing/reposting charts & signals. It watermarks the chart with an ascii art drawing.
There will be many groups to get one of these! Please dont ask for access as this is for their admins only.
But dont despair - there will be a public library watermarking script with a ton of funny trading memes in it for you to mess around with (estimated release in a week or so - just adding more watermarks).
💬 If your group is interested in a custom watermark, contact me and let me know! (They are free!)
🖖Happy Trading!
💧WCSE Watermarking Tool by Cryptorhythms💦WCSE Group Watermarking Tool by Cryptorhythms
👋Heirophant and the Cryptorhythms Team here with a script that is sorely needed....
💭I got to thinking about how so many scammers on telegram and other media reuse other peoples charts and analysis (sometimes selling them). I find the whole scheme repugnant. Consequently I wanted to help legitimate groups keep their intellectual property ownership and brand integrity.
👮This is for Chartists and Signals Groups both Public and Private. It helps to prevent copiers from stealing/reposting charts & signals. It watermarks the chart with an ascii art drawing.
WCSE is the first of many groups to get one of these! Please dont ask for access as this is for their admins only.
But dont despair - there will be a public library watermarking script with a ton of funny trading memes in it for you to mess around with (estimated release in a week or so - just adding more watermarks).
💬 If your group is interested in a custom watermark, contact me and let me know! (They are free!)
If you follow/subscribe to me, I apologize for any spam. Please dont unfollow, after this weekend there will be much less script publication spam.
🖖Happy Trading & Live Long and Prosper!
🔮 Mayer Multiple w/ MA Selection by Cryptorhythms🔮 Mayer Multiple w/ MA Selection by Cryptorhythms
Description
Introduced by Trace Mayer as a way to gauge the current price of Bitcoin against its long range historical price movements (200 day SMA by default), the Mayer Multiple highlights when Bitcoin is overbought or oversold in the context of longer time frames.
It`s worth noting as the market becomes larger and less volatile, the peaks are becoming less exaggerated. This is because a 200 day moving average baseline is a static yardstick against an ever growing, more stable, Bitcoin market. We should eventually recalibrate what constitutes the overbought/oversold extremes on this chart accordingly.
Additional Features
I added a heatmap based coloring and background highlighting of configurable overbought and oversold zones.
In my testing I observed anecdotal evidence that a value of >1 signaled bull market sentiment and a value of <1 signaled bear sentiment. So I added the dashed line at that value.
I also added secondary zones for experimentation on other timeframes or just plain tinkering.
Lastly I added the ability to substitute the SMA for a few different types of moving averages.
Default Settings
The defaults zones are > 2.4 is overvalued and < 0.5 is undervalued. Default timeframe is daily
Default MA is SMA and default length is 200
Suggested MA length for weekly chart is 28
👍Enjoying this indicator or find it useful? Please give me a like and follow! I post crypto analysis, price action strategies and free indicators regularly.
💬Questions? Comments? Want to get access to an entire suite of proven trading indicators? Come visit us on telegram and chat, or just soak up some knowledge. We make timely posts about the market, news, and strategy everyday. Our community isnt open only to subscribers - everyone is welcome to join.
