BTC Arcturus IndicatorBTC Arcturus Indicator: This indicator is designed to create buy and sell signals based on the market value of Bitcoin. It also predicts potential market tops with the Pi Cycle Top indicator.
How Does It Work?
1. MVRVZ (Market Value to Realized Value-Z Score) Calculation:
MC: Bitcoin's market cap (Market Cap) is pulled daily from Glassnode data.
MCR: Realized Market Cap of Bitcoin is taken daily from Coinmetrics data.
MVRVZ: It is calculated by dividing the difference between Bitcoin's market value and realized market value by one standard deviation. This value indicates whether the market is overvalued or undervalued.
2. Reception and Warning Signals:
Buy Signal: When MVRVZ falls below the -0.255 threshold value, the indicator gives a "Buy" signal. This indicates that Bitcoin is undervalued and may be a buying opportunity.
Warning Signal: A warning signal turns on when MVRVZ exceeds the threshold value of 2.765. This indicates that the market is approaching saturation and caution is warranted.
3. Tracking the Highest MVRVZ Value:
The indicator records the highest MVRVZ value in the last 10 candlesticks. This value is used to determine whether the market has reached its highest risk levels.
4. Warning Display:
If the MVRVZ value matches the highest value in the last 10 bars and this warning has not been displayed before, a "Warning" signal is displayed.
Once the warning signal is shown, no further warnings are shown for 10 candles.
5. Pi Cycle Top Indicator:
Pi Cycle Top: This indicator predicts Bitcoin tops by comparing two moving averages (350-day and 111-day). If the short-term moving average falls below the long-term moving average, this is considered a sell signal.
The indicator displays this signal with the label "Sell", indicating a potential market top.
User Guide:
Green Buy Signal: It means Bitcoin is cheap and offers a buying opportunity.
Yellow Warning Signal: Indicates that Bitcoin has reached possible profit taking points and caution should be exercised.
Red Sell Signal: Indicates that Bitcoin has reached market saturation and it may be appropriate to sell.
Hodl
Assassin's Grid
Introduction: Are you a fan of automated grid-based trading and holding onto your crypto assets like they're the last Snickers bar in the world? If so, this Pine script could be your new best friend!
Grid Trading Genius: The script uses some seriously advanced grid trading techniques to automatically place orders at different price levels, creating a mesh of positions that move with the market like a well-oiled machine. This strategy can be great for traders who are willing to sit back and let their positions grow like a fine wine over time.
Optimization Features: The script comes loaded with all sorts of features and tools to help traders optimize their grid positions, like position exits and custom alerts for creating limit and market orders. This helps keep traders in the loop and allows them to take action as needed, like a ninja in the night.
Unique Twists: One of the unique features of this script is the option to choose between normal or incremental entry steps in a 1,2,3,... ratio. By choosing incremental entries, traders can potentially improve their average price and increase their potential profits like a boss. Just keep in mind that this script doesn't have a stop loss feature, but it does include the option to sell without profit on the final entry or on all entries if desired. Additionally, the script is always open to improvement and any ideas for improving it are welcome, like a blank canvas.
Conclusion: If you love automated trading and have the patience and determination to stick to a solid strategy, this Pine script could be a great fit for you. It's suitable for traders who are comfortable with more complex trading approaches and are willing to put in the time and effort to learn and master the script's various features and techniques, like a Jedi Knight
Trend Friendly RSITrend Friendly RSI
Unlike the standard RSI, "Trend Friendly RSI" adapts to the trend. RSI and other momentum-based oscillators cannot give a buy signal in uptrends and a sell signal in downtrends because they do not take into account the momentum of the trend and behave as if the price is in a constant sideways trend. "Trend Friendly RSI", on the other hand, takes into account the momentum of the trend of your chosen length and subtracts it from the current momentum, thus giving more realistic buy and sell signals.
use it to identify your long-term investments and trading entry points for hodl. It would be wise to use this indicator for assets that you have done fundamental analysis and are sure of the trend direction. it doesn't know what the price will do, it just shows the points that are suitable for you.
remember this indicator will fail in horizontal trends.
Bitcoin Weekly Support BandsMy first ever attempt at a custom script. I took Benjamin Cowen's concept of the Bitcoin Bull Market Support Band and applied it to the 100 week and 200 week moving averages. I also added in the 300 week sma. I mainly wanted to have all these in one indicator.
HODL LINE [AstrideUnicorn]This indicator determines periods of bull market when a buy-and-hold investor can hold the asset, and bear market periods when they should avoid holding it. Though it was designed primarily with cryptocurrencies in mind, it can be successfully used for any market.
Technically, the indicator is an asymmetric trend filter aimed to account for the fact that market sell-offs tend to be sharper than up-trends. The algorithm has two regimes – with and without price smoothing.
HOW TO USE
The step-like line is the main trend filter. It is colored green in an uptrend and red in a downtrend. When the smoothing is on, in addition to the trend filter, the indicator plots a purple line. It is a Hull Moving Average (HMA) of the price. In this case, the indicator uses this line instead of the price to find crossings with the trend filter.
When the price or the smoothed line crosses the trend filter above, it is an uptrend signal. The indicator marks such crossings with green circles. It also colors the chart background green in an uptrend. The price or the purple line crossing the trend filter below means a downtrend signal. Downtrend signals show as red circles. The chart background in a downtrend turns red.
SETTINGS
Sensitivity – a dropdown list that allows the user to choose an averaging period of the indicator. Users can select a value for sensitivity from a predetermined set that better suits their investment horizon.
Use Smoothing – turns on and off smoothing of the price with HMA. With the smoothing turned on, the indicator responds slower to price changes, but at the same time produces less amount of false signals.
HODL5 Market Cap Advance Decline LineThe Advance-Decline Line (AD Line) is a breadth indicator based on Net Advances, which is the number of advancing stocks less the number of declining stocks. Net Advances is positive when advances exceed declines and negative when declines exceed advances. The AD Line is a cumulative measure of Net Advances. While the shape of the AD Line is important, the actual value holds no meaning.
This is a rerelease to open source the code. This, to an extent, emulates what Amun's index achieves. What it lacks is weighting per coin.
With the newest version of Pine Script, it may be possible to draw diagonals on the line, making it easier to identify trend.
stockcharts.com
www.amun.com
Fundstrat IndexesDisplays two of Fundstrat's Indexes as taken from TradingView.
Options to configure include displaying the first, second or both chosen indexes as well as a ratio of the two.
When comparing indexes, they're a bit "off", as data is not backfilled in consideration for initial index weighting. Feature not a bug?
AutoView - Hodl to SodlWrite your own strategy and use Hodl to Sodl to send Alerts for when to buy & sell, and automatically plot your anticipated buys/sells to the chart. A must have for AutoView users. Requires Pine Script coding. Not compatible with "Strategy Tester" tab and "Paper Trading" tab in TradingView.
Hodl-Sodl itself is not a strategy. It is a framework for building AutoView strategies. For demonstration purposes, the image featured with this script shows an example of a very simple CCI strategy (and not a very good one), but you would presumably replace that with your own ideas. If you'd like a little help plugging in your own strategy, contact jdhadwin for custom coding.
