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BTC Supply in Profits and Losses Z-ScoreThe BTC Supply in Profits and Losses Z-Score is a fundamental Bitcoin valuation indicator that quantifies the relative supply of Bitcoin in profit versus loss. This Z-score measures the deviation of the current profit-loss difference of Bitcoin addresses from its historical average, providing insights into potential market extremes. Purpose: The Z-score of BTC Supply in Profits and Losses is designed to assess whether the current state of Bitcoin supply (as a percentage of addresses in profit vs. loss) is within a typical range or if it has moved into an extreme condition. A higher or lower Z-score suggests a more significant deviation from the average, which could indicate overbought or oversold conditions. Calculation: The Z-score is calculated based on the difference between the percentage of Bitcoin addresses in profit and those in loss. This difference is then normalized using its historical mean and standard deviation over a defined period (e.g., 365 days). The result is a standardized score that shows how extreme the current profit-loss difference is compared to past values. Usage: Positive Z-score: Indicates that the percentage of Bitcoin addresses in profit is significantly higher than the percentage in loss, suggesting potential overbought conditions. Negative Z-score: Indicates that the percentage of Bitcoin addresses in loss is higher, suggesting potential oversold conditions. Red Zone (-3 to -2): Strong overbought conditions. Green Zone (2 to 3): Strong oversold conditions. Important Considerations: This indicator should not be used in isolation. While the Z-score of supply in profits and losses can provide valuable insights into market sentiment, it is crucial to combine it with other valuation indicators and analysis tools to create a more comprehensive market assessment. Relying on a single indicator may lead to misleading conclusions, especially in volatile markets. By using this indicator as part of a broader strategy, traders and investors can gain a better understanding of market cycles, helping them make more informed decisions about when Bitcoin may be overbought or oversold.
Pine Script™ indicator
by MouseAnalysis
BTC Active Address Momentum (On-chain)This indicator shows the difference between the % change in BTC price and the % change in BTC’s active addresses (BTC’s utility value). - Dark red: Extreme overbought conditions BTC price is increasing too fast and outgrows the increase in its utility value (RSI of % change difference > 70) - Light red: Overbought conditions BTC price is increasing too fast and outgrows the increase in its utility value (RSI of % change difference > 60) - Dark green: Extreme oversold conditions BTC price is dropping too fast and outruns the decrease in its utility value (RSI of % change difference < 30) - Light green: Oversold conditions BTC price is dropping too fast and outruns the decrease in its utility value (RSI of % change difference < 40) *Not financial advice.
Pine Script™ indicator
by Phi-Deltalytics
1
BTC Active Address Trend (On-chain)This indicator compares the % change in BTC price and the % change in BTC’s active addresses (BTC’s utility value). 1. % changes in BTC price & active addresses - Orange line: BTC’s price change (%) - Gray line: BTC’s active address change (%) - Red/Yellow/Green lines: Bollinger bands for change in active address 2. Trend: - Green circles: Bullish Sentiment Trend Market sentiment is bullish and BTC price outgrows the increase in its utility value (overpricing) - Red circles: Bearish Sentiment Trend Market sentiment is bearish and BTC price drops more than the decrease in its utility value (underpricing) 3. Potential Re-Entries: - Green/Red triangles: potential bullish/bearish entries When % change of BTC price gets similar to that of active addresses *Not financial advice.
Pine Script™ indicator
by Phi-Deltalytics
2
Supply Weighted Moving Average: OnchinUse this Onchain Channel in Weekly Timeframe - on BTCUSD BUTSTAMP Chart: This Moving average channel is weighted based on BTC's new Supply: I believe the slope of the Bitcoin trend line is correlated to the new supply and the issue of Halving. The chart below shows this: In fact, after each Halving, the supply is halved. Halving the supply increases the demand-for-supply ratio and increases the price. But the uptrend slope also halves after each halving. Therefore, the slope of the bitcoin trend is correlated with the new supply rate. This is the logic of this new metric. Accordingly, the moving average is weighted based on the new supply. This new channel can identify where bitcoin is too cheap or too expensive in the historical chart. It has also marked support/resistance Supply Weighted Moving Average.
Pine Script™ indicator
by cryptoonchain
5
BTC Supply weighted channel: OnchainUse this oscillator in the weekly time frame and then draw the above linear channel The premise of this idea is that the trend slope of the bitcoin price correlates with the bitcoin supply chart, which shows the total amount of bitcoin ever created/issued. Therefore, Bitcoin price is weighted based on Bitcoin supply. As a result, the above channel has been created, which is a linear channel, and it seems that it can be an oscillator to determine the bitcoin trend, as well as the tops and bottoms of the market. Bitcoin seems to respect the bottom and top lines of this channel as well as its midline
Pine Script™ indicator
by cryptoonchain
1
OPAL - LibraI publish my OBV script for Volumes analysis & Volumes switch spotting. This indicator include : On Balance Volumes, 6 EMAs based on Volumes, Regular and Hidden divergences with double pivot confirmation OBV Colors is gradient : momentums with power will turn to lighter colors, momentums without power will turn to darker colors 1) OBV : On Balance Volumes On-balance volume (OBV) is a form of technical analysis which enables traders to make predictions about future price movements based on the asset’s previous trading volume OBV is mostly used in shares trading, because the volume has an especially large influence on the way share prices move Trading volume is the amount that an asset has been traded during a given time period Traders who use OBV believe that a sharp increase in trading volume , without a reciprocal increase in the asset’s price, will cause the market price to suddenly increase or decrease Calculation : OBV is a cumulative result, which means that it is effectively a running total of an asset’s trading volume The OBV is the total volume , and it accounts for both positive and negative changes in an asset’s trading volume 2) EMAs & Cloud : A bunch of 6 EMAs adapted on volumes, the last of the 6 EMAs ( EMA 6) forms a colored cloud with the OBV Line EMA 1 is the first filter for OBV colors EMA6 is the last filter for OBV colors 3) Multi Divergences : Divergence detection based on 2 pivot levels verification (taken from OPAL - Newton) Plots Regular and Hidden Divergences Filtered with EMA 6 4) Alerts: Set alerts on Divergences, regular, hidden, or both Set alerts on OBV fast Crosses with EMA 1 Set alerts on OBV slow Crosses with EMA 6 This might help you to see OBV (volumes) movements clearly, that is not a bounded indicator like RSI or stoch's Stick with the trends) Everything is customizable, all the settings are unlocked Wishing you success ! <o/
Pine Script™ indicator
by Skito
Glassnode BTC SOPR ToolkitSOPR stand for Spent Output Profit Ratio. It’s a Bitcoin on-chain metric that shows whether Bitcoin spent outputs (UTXO’s) are being realized in profit or loss. It’s calculated by dividing realized value by the value at creation (price sold / price paid). The SOPR metric traditionally uses a baseline of 1 instead of 0. For the purposes of the script, I've changed the baseline to 0. SOPR signals > 0 show the overall market is transaction at a profit. SOPR signals < 0 show the overall market is transacting at a loss. SOPR servers as a great short/mid-term indicator. SOPR Toolkit Features - Smoothed SOPR - SOPR Spikes Smoothed SOPR By default, ‘Smoothed SOPR’ is shown which applies a smoothing function to SOPR. This helps to visualize the broader SOPR trend. Smoothed SOPR is calculated by taking the difference between positive and negative SOPR values. SOPR is split into separate arrays based on if it's above or below the baseline A moving average is then applied to each array, then subtracted to get the difference. You can also change whether or not a SMA, EMA, or Volume Weighted Simple/Exponential moving average is used. The VWMA is calculated using Glassnode’s BTC Total Transfer Volume metric. SOPR Spikes Shows relevant SOPR spikes. SOPR spikes is calculated by applying a Bollinger Band to SOPR. Only values spike outside the bands are shown. Adjust the StdDev to show more/less relevant spikes. Enjoy :)
Pine Script™ indicator
by JBroadway
1
SOPR - Spent Output Profit RatioThe SOPR (Spent Output Profit Ratio) indicator provides insight into macro market sentiment, profitability and losses taken over a particular time-frame. It reflects the degree of realised profit for all coins moved on-chain. SOPR is measured by considering only coins moved the timescale considered (daily, hourly etc), and taking the ratio between the fiat value at the time of UTXO creation, and the fiat value when the UTXO is spent. SOPR values greater than 1 implies that the coins moved that day are, on average, selling at a profit (price sold is greater than the price paid). SOPR value less than 1 implies that the coins moved that day are, on average, selling at a loss (price sold is less than the price paid). You have the ability to see the SOPR of BTC, ETH and LTC. You can also smooth the SOPR using an EMA or SMA of your choice. Thank you to both TradingView and Glassnode for adding all the on-chain data
Pine Script™ indicator
by Pinnacle_Investor
6
STRATEGY TESTER ENGINE - ON CHART DISPLAY - PLUG & PLAYSo i had this idea while ago when @alexgrover published a script and dropped a nugget in between which replicates the result of strategy tester on chart as an indicator. So it seemed fair to use one of his strategy to display the results. This strategy tester can now be used in replay mode like an indicator and you can see what happen at a particular section of the chart which was is not possible in default strategy tester results of TV. Please read how each result is calculated so you will know what you are using. This engine shows most common results of strategy tester in a single screen, which are as follows: 1. Starting Capital 2. Current Profit Percentage 3. Max Profit Percentage 4. Gross Profit 5. Gross Loss 6. Total Closed Trades 7. Total Trades Won 8. Total Trades Lost 9. Percentage Profitable 10. Profit Factor 11. Current Drawdown 12. Max Drawdown 13. Liquidation So elaborating on what is what: 1. Starting Capital - This stays 0, which signifies your starting balance as 0%. It is set to 0 so we can compare all other results without any change in variables. If set to 100, then all the results will be increased by 100. Some users might find it useful to set it to 100, then they can change code on line 41 from to and it should show starting balance as 100%. 2. Current Profit Percentage - This shows your current profit adjusted to current price of the candle, not like TV which shows after candle is close. There is a comment on the line 38 which can be removed and your can see unrealized profit as well in this section. Please note that this will affect Draw-down calculations later in this section. 3. Max Profit Percentage - This will show you your max profit achieved during your strategy run, which was not possible yet to see via strategy tester. So, now you can see how much profit was achieved by your strategy during the run and you can compare it with chart to see what happens during bull-run or bear-run, so you can further optimize your strategy to best suit your desired results. 4. Gross Profit - This is total percentage of profit your strategy achieved during entire run as if you never had any losses. 5. Gross Loss - This is total percentage of loss your strategy achieved during entire run as if you never had any profits. 6. Total Closed Trades - This is total number of trades that your strategy has executed so far. 7. Total Trades Won - This is the total number of trades that your strategy has executed that resulted in positive increase in equity. 8. Totals Trades Lost - This is the total number of trades that your strategy has executed that resulted in decrease in equity. 9. Percentage Profitable - This is the ratio between your current total winning trades divided by total closed trades, and finally multiplied by 100 to get percentage results. 10. Profit Factor - This is the ratio between Gross Profit and Gross Loss, so if profit factor is 2, then it indicates that you are set to gain 2 times per your risk per trade on average when total trades are executed. 11. Current Drawdown - This is important section and i want you to read this carefully. Here draw-down is calculated very differently than what TV shows. TV has access to candle data and calculates draw-down accordingly as per number of trades closed, but here DD is calculated as difference between max profit achieved and current profit. This way you can see how much percentage you are down from max peak of equity at current point in time. You can do back-test of the data and see when peak was achieved and how much your strategy did a draw-down candle by candle. 12. Max Drawdown - This is also calculated differently same as above, current draw-down. Here you can see how much max DD your strategy did from a peak profit of equity. This is not set as max profit percentage is set because you will see single number on display, while idea is to keep it custom. I will explain. So lets say, your max DD on TV is 30%. Here this is of no use to see Max DD , as some people might want to see what was there max DD 1000 candles back or 10 candle back. So this will show you your max DD from the data you select. TV shows 25000 candle data in a chart if you go back, you can set the counter to 24999 and it will show you max DD as shown on TV, but if you want custom section to show max DD , it is now possible which was not possible before. Also, now let's say you put DD as 24999 and open a chart of an asset that was listed 1 week ago, now on 1H chart max DD will never show up until you reach 24999 candle in data history, but with this you can now enter a manual number and see the data. 13. Liquidation - This is an interesting feature, so now when your equity balance is less than 0 and your draw-down goes to -100, it will show you where and at what point in time you got liquidated by adding a red background color in the entire section. This is the most fun part of this script, while you can only see max DD on TV. ------------------------------------------------------------------------------ How to Use - 1 word, plug and play. Yes. Actual codes start from line 33. select overlay=false or remove it from the title in your strategy on first line, Just copy the codes from line 33 to 103, then go to end section of your strategy and paste the entire code from line 33 to line 103, see if you have any duplicate variable, edit it, Add to chart. What you see above is very contracted view. Here is how it looks when zoomed in. imgur.com ---------------------------------------------------------------------------------- Feel free to edit and share and use. If you use it in your scripts, drop me tag. Cheers.
Pine Script™ strategy
by FiatDropout
BTC exchange trade vol / on-chain transaction volThis Bitcoin indicator shows the percentage that the exchange traded volume is from the sum of the exchange traded volume + on-chain transaction volume. The thin red line is the non-smoothed value calculated from daily volumes. The thick black line is the 7-day EMA-smoothed value. The exchange traded volume and the on-chain transaction volume are reported by Quandl and have a 1D resolution - so it is best to use this indicator on the daily time frame. When the value is high, it shows the the interest of traders is high and they are intensely trading BTC. When the indicator is low, it means that BTC is "dormant": it is used for transfers, but not so much for trading - traders forgot about it for a while - which may be a good time to accumulate if the economy is in a general bull market.
Pine Script™ indicator
by danarm
1
Relative Strength Index on TranquilizersSome weeks ago, I had a patient in my practice who suffered from internal stability disorders. Certainly not a case of disordered thinking or schizophrenic behaviour, because his general sense of direction wasn’t the problem. He just couldn’t find the right overall balance, an ailment he struggled with for years. Straight away I could diagnose that surgery wasn’t an option, so I gave him a medicine he would clearly benefit from. I never heard from him again…. He must be doing just fine. Cheers, Indicat...
Pine Script™ indicator
by Indicat
5