Get started

Long-term

🔗 Blockchain Rhythms by Cryptorhythms🎼 Blockchain Rhythms v1.0 by Cryptorhythms This indicator and data plot suite is for bitcoin BTCUSD analysis over longer periods and higher time frames. 🚨For this to plot anything you must use on Daily or higher timeframe🚨 . You want to have an alternative to the typical technical indicators you see everywhere? This is it. Seen crypto twitter talking about/using all sorts of indicators you have never seen before on tradingview? Here you go. Are you a long term investor and not a short term speculator?... I think you get the picture... With the wealth of data here, I cannot go into a fully detailed analysis for every indicator. Please make liberal use of google and as always DYOR before trading on a system you have never used. These indicators are best observed versus a logarithmic price scale. If I have missed any indicators you think should be in here let me know! Let me preempt that by saying MVRV and UTXO Age Distribution are not possible to create on Tradingview at this time. 🚧Error Screen: If you see this you need to choose a data-point or indicator to plot! ⌚If you are loading this indicator with alot of chart history shown (as in the example screenshots) it may take up to a minute to load. Please note: some of the screenshots below show chart title plots which I subsequently had to remove due to limitations. If you would like a title for all the plot, simple use the Indicator Labels checkbox option located in the scales tab of chart settings. [b📊 Fundamental Blockchain Indicators NVT Signal & Ratio Both are related. NVT / NVT Signal can be interpreted as the strength of market confidence in the means of payment / settlement layer narrative. A “measure of the chain’s strength as a payment network compared to its market value — a low NVT may suggest that a network is undervalued compared to the service it is providing as a settlement layer” (Matteo Leibowitz). 💰NVT Ratio: NVT Ratio (Network Value to Transactions Ratio) is similar to the PE Ratio used in equity markets. When Bitcoin`s NVT is high, it indicates that its network valuation is outstripping the value being transmitted on its payment network, this can happen when the network is in high growth and investors are valuing it as a high return investment, or alternatively when the price is in an unsustainable bubble. 🚦NVT Signal: NVT Signal (NVTS) is a derivative of NVT Ratio created by Dimitry Kalichkin. This indicator provides more emphasis on predictive signaling ahead of price peaks. 🚀Bitcoin Velocity Velocity is a measure of how quickly money is circulating in the economy. Is bitcoin trending towards savings or payments? This can help you decide. It is similar to Bitcoin Network Momentum, except this takes into account bitcoins increasing supply. 🏃Bitcoin Network Momentum Network Momentum is a view created by PositiveCrypto which looks into the value transmitted through the Bitcoin blockchain denominated in BTC value plotted against Bitcoin's price. It serves as a leading indicator to bitcoin price, in that we need high levels of value throughput to drive the bull market. This indicator is experimental. Both daily transaction values and price exhibit cyclical patterns, but not in sync with each other. A hypothesis to explain the mismatch is that short-term mindset traders (using exchanges) heavily influence price; but long-term mindset investments (more likely to be directly recorded on-chain) have a greater contribution to the daily transaction value recorded in the ledger. An alternative to the NVT / NVT Signal - tracks the relationship between Bitcoin’s price and BTC volume flowing through the blockchain network. Ⓜ Mayer Multiple 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 re-calibrate what constitutes the overbought/oversold extremes on this chart accordingly. A more fully featured Mayer Multiple version available here: 💲 BTC Marketcap and Thermocap We are all familiar with marketcap, but it does come with its disadvantages. 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 miners¹. 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 (transactions * their price in USD at the time they were mined). There is an option to deduct lost coins, genesis (Satoshi's) coins, and dead HODL'ers coins from the marketcap. This information was taken from ChainAnalysis' 2017 report This shows both plots for comparison on a logrithmic scale: ⛏Mining Indicators & Data ⛏ Petahash Dollar Ratio Bitcoin’s Hashrate (Daily PetaHashes) to Daily Mining Earnings (PetaHashDollar) is a robust metric to asses the day to day mining profitability. In addition, when plotted over the past five years, its overall trend represents a good way to quantify and visualize the relative progress in efficiency of ASICs (more specifically the inverse of that metric: 1/relative mining efficiency). ⛏Unmined Coins Marketcap A simple statistic I created to plot the value of the unmined BTC still waiting to be extracted. If you find any interesting value for analysis please message me and let me know. ⛏Percentage of Total BTC Mined I hope this one doesnt need an explanation. 😅 #️⃣ Network Hash Rate A network's hashrate is the most important data point in blockchain tech. It indicates to the world how secure its network is. The hashrate is the "bridge" between the analog world, and the digital world. Essentially, the hashrate describes how much computing power (called hashing power in blockchain speak) is being thrown at the network, by users all across the world. These "miners" are running servers with dedicated processing chips to solve random, cryptographic math problems. The reason miners do this constant computing is that it betters their chances to reap a "block reward." The block reward entitles them to: 1.)Newly "mined" coins, and 2.)Transaction fees Both of these are typically paid out with each new block. This rewards miners for their “proof-of-work.” It signals to the world that real "work" and resources, like electricity, have been spent on the Bitcoin network. As more and more miners compete for the block reward, the hashrate, mining calculations and block difficulty will increase. This increase in the network's hashrate over time means an increase in the network’s security. Much better detail on this is available elsewhere, but primarily, this process solves digital money's vulnerability to attacks and the "double spend" problem. I like to plot it directly on the price chart (click on the indicator and drag it up) ⛏ Revenue Per Transaction A chart showing miners revenue divided by the number of transactions. Fee Per Block Kilobyte A measure of how much it costs per kilobyte of blockchain block size. ⛏Return Per TeraHash (TH) Revenue per TH of mining hash power. Can also be plotted on price chart and looks nice: Cost Per TX (CPT) and Cost % Per TX Volume CPT - A chart showing miners revenue divided by the number of transactions C%PRV - A chart showing miners revenue as percentage of the transaction volume Blockchain Statistics & Data Plots 🏋Network Difficulty A relative measure of how difficult it is to find a new block. The difficulty is adjusted periodically as a function of how much hashing power has been deployed by the network of miners. I like plotting this one on price chart as well: Daily Output Value The total value of all transaction outputs per day (includes coins returned to the sender as change). 🔢Number of Unique Addresses Used Addresses are kind of like bank accounts. Unlike bank accounts, addresses on the blockchain can be generated by anyone, anywhere and one single person could have thousands. The plot shows bitcoins growth of addresses which are both unique and active per day, smoothed out over 14 days for clarity (using a zero lag ema). As you can see bull runs typically lead to more unique addresses the assumption being that more new money is drawn into the market due to the news cycle. This is another one I prefer to plot on the price chart. 🔢Number of Transactions (NoTX) and NoTX - Exchange Wallets Number of TX's on the chain (green line) and NoTX minus (-) Exchange Wallets (blue line). ⏳ Median Confirmation Time The median time for a transaction to be accepted into a mined block and added to the public ledger (note: only includes transactions with miner fees). Displayed in minutes. 🔊Volume Dominance (Liquidity to Transaction Volume Ratio) Volume Dominance is another metric I invented simply to show the ratio between spot exchange TXs (liquidity/speculation) and blockchain TXs (utility/HODLing). Its shows percent of volume attributed to blockchain TXs. 🙃 We REALLY hope you enjoy and find this indicator useful. I certainly enjoyed creating it and learned quite a bit myself manipulating the data! I welcome any suggestions or ideas you may have to further extend, or create new indicators. 👍 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 isn't open only to subscribers - everyone is welcome to join.
Pine Script™ indicator
by theheirophant
46
🔮 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.
Pine Script™ indicator
by theheirophant
1
ElanStrategy v2.0A trend-following strategy with a twist. I worked on the premise that Bitcoin price swings can not be predicted properly, since it's such a heavily manipulated market. Therefore, I chose to work with following the trend instead of predicting reversals. It uses a weighted average of short, medium, and long range MA's. This is the second version (see link below for v1.0), The main difference is that this new version uses a less binary position - it will change the position more gradually. This one will automatically correct for bar duration, and works well from 1 to 4 hour charts. (1 hour chart seems to have data going back to only 2018/01/01 at the moment of writing, so I recommend using the 2H chart or higher) Previous version:
Pine Script™ strategy
by bazkie
LONG TERM INVESTMENT TECHNICAL STRATEGY SCRIPT200 - WEEKLY MOVING AVERAGE GREEN LINE IS 200 WEEKS MOVING AVERAGE OF CLOSE BLUE LINE IS 200 WEEKS MOVING AVERAGE OF LOW MULTIPLIED BY 0.90 RED LINE IS 100 WEEKS MOVING AVERAGE OF CLOSE CONDITION: GREEN LINE SHOULD BE ABOVE RED LINE AND PRICE SHOULD BE ABOVE GREEN LINE BUY ONCE THE PRICE IS ABOVE GREEN LINE AND FULFILLS THE CONDITION. TARGET 1 FOR TIME FRAME 1 YEAR= 2 X GREEN LINE VALUE WHEN PRICE CROSSED IT TARGET 2 FOR TIME FRAME 3 YEARS= 3 X GREEN LINE VALUE WHEN PRICE CROSSED IT TARGET 3 FOR TIME FRAME 5 YEARS= 5 X GREEN LINE VALUE WHEN PRICE CROSSED IT TARGET 4 FOR TIME FRAME 10 YEARS= 10 X GREEN LINE VALUE WHEN PRICE CROSSED IT STOP LOSS IS TRAILING TO BLUE LINE
Pine Script™ strategy
by ResearchWings
1
Simple RSI-MA Algo Beats DOW By Huge Margin Over Past 100 Years!This simple RSI-MA long/short algorithm beats the Dow by a FREAKING HUGE margin over the past century (excluding dividends and trading costs). The algorithm uses a fast SMA of the RSI as a buy/cover signal and a slow SMA of the RSI as a sell/short signal. Backtest period = 09/17/1916 - 11/02/2015 Dow = 98 --> 17,830 = +18,094% = 5.38% CAGR Algorithm = net profit + open P/L = +43,349% = 6.31% CAGR Notice how the algorithm dodged both the 30s' Great Depression and the 2008 Crisis. Pretty cool huh? :) ALGORITHM'S FORMULA (use weekly chart): Buy/Cover = MA10(RSI10) cross> 50 Sell/Short = MA50(RSI10) cross< 50 STRATEGY TESTER'S SETTINGS: - Initial cash = $10,000 - Pyramiding disabled - Re-investment enabled (order size = 100% of equity ) - Trade re-calculations disabled DISCLAIMER: None of my ideas and posts are investment advice. Past performance is not an indication of future results. This strategy was constructed with the benefit of hindsight and its future performance cannot be guaranteed.
Pine Script™ strategy
by Stable_Camel
5