Pump and Dump CandlesDescription:
The Pump and Dump Candles indicator is a robust tool designed to assist traders in identifying potential pump and dump scenarios within the financial markets. This innovative indicator combines key elements of price action and volatility to provide valuable insights into market manipulations and potential risks. This indicator uses ATR to standardize candle sizes as they vary across different assets and timeframes; by using a percentage of the ATR, you can adjust the threshold dynamically based on the volatility of each asset.
Features:
- Pump/dump candles: Candle bars are colored green when it is pumping and red when it is dumping.
- Pump/dump rallies: The background turns green during sequences of consecutive pumping candles and red in the presence of sustained dumping.
- Candle Size Percentage: Users have the flexibility to define a personalized percentage for calculating candle size.
- Wick Exclusion: This option factors in pump and dump candles with substantial body sizes, mitigating the impact of bars with large wicks and smaller candle bodies.
( These inputs can all be modified within the indicator settings )
Utility:
Understanding pump and dump candles and rallies can be a valuable asset for traders seeking to navigate volatile markets effectively. By closely monitoring the color-coded indicators that highlight pumping and dumping phases, traders gain insights into abrupt and often exaggerated price movements. This information aids in identifying potential short-term trends and anticipating market reversals. Pump and dump rallies, signaled by consecutive pumping or dumping candles, provide a visual representation of sustained buying or selling pressure, allowing traders to assess the strength and duration of market sentiment. Armed with this knowledge, traders can make informed decisions, implement risk management strategies, and capitalize on short-term opportunities, thereby enhancing their overall trading proficiency in dynamic market conditions.
Pumpanddump
Dump AlertsNYSE:BRK.B
By popular demand: An inverted version of my first indicator Pump Alerts in Pine Script with two alert conditions for trading bots and automated stock trading setups.
It's originally based on "Pump Catcher" by @joepegler
I modified some parts, hopefully improved the usability and enabled alerts, so you can use it to trigger bots like 3commas via webhooks or stock brokers partnering with TradingView.
Dump Alerts 📉 attempts to detect moments of abnormal and accelerating increase in volume concurrent with falling prices AKA "dumps". Small and big dumps.
I recommend trying different timeframes and tinkering with the lookback period as well as both threshold values.
Other than that it's pretty self-explanatory and beginner-friendly.
Free and Open Source. Let me know how you use it!
[blackcat] L1 Bitcoin Guppy Whale Pump Dump OscillatorLevel: 1
Background
The Guppy Multiple Moving Average (GMMA) is a technical indicator that identifies changing trends, breakouts, and trading opportunities in the price of an asset by combining two sets of moving averages (MA) with different time periods. There is a short term group of MAs and a long term group of MAs.
One of the biggest differences between cryptocurrency and traditional financial markets is that cryptocurrency is based on blockchain technology. Individual investors can discover the direction of the flow of large funds through on-chain transfers. These large funds are often referred to as Whale. Whale can have a significant impact on the price movements of cryptocurrencies, especially Bitcoin . Therefore, how to monitor Whale trends is of great significance both in terms of fundamentals and technical aspects.
Function
L1 Bitcoin Guppy Whale Pump Dump Oscillator is innovative because it was moved from main chart to aux chart and the input source of Guppy moving average was changed in to bias rate of key EMAs. This makes it work as a Guppy oscillator. This Guppy oscillator was designed and optimized to detect whale pump and dump behavior for BTCUSD or BTCUSDT trading pairs. When whale pump is detected, yellow candles appear; when whale dump is detected, fuchsia candles appear.
Key Signal
di,d1~d8 ---> Guppy oscillator lines
pump --> whale pump detector
dump --> whale dump detector
Pros and Cons
Pros:
1. easy observe price trend
2. it detects whale pump and dump
Cons:
1. no explicit entries are disclosed
2. only optimized for Bitcoin usd/usdt trading pairs
Remarks
Courtesy of @LunaOwl " Rainbow Color Gradient" for colorful Guppy oscillator lines in this script
Readme
In real life, I am a prolific inventor. I have successfully applied for more than 60 international and regional patents in the past 12 years. But in the past two years or so, I have tried to transfer my creativity to the development of trading strategies. Tradingview is the ideal platform for me. I am selecting and contributing some of the hundreds of scripts to publish in Tradingview community. Welcome everyone to interact with me to discuss these interesting pine scripts.
The scripts posted are categorized into 5 levels according to my efforts or manhours put into these works.
Level 1 : interesting script snippets or distinctive improvement from classic indicators or strategy. Level 1 scripts can usually appear in more complex indicators as a function module or element.
Level 2 : composite indicator/strategy. By selecting or combining several independent or dependent functions or sub indicators in proper way, the composite script exhibits a resonance phenomenon which can filter out noise or fake trading signal to enhance trading confidence level.
Level 3 : comprehensive indicator/strategy. They are simple trading systems based on my strategies. They are commonly containing several or all of entry signal, close signal, stop loss, take profit, re-entry, risk management, and position sizing techniques. Even some interesting fundamental and mass psychological aspects are incorporated.
Level 4 : script snippets or functions that do not disclose source code. Interesting element that can reveal market laws and work as raw material for indicators and strategies. If you find Level 1~2 scripts are helpful, Level 4 is a private version that took me far more efforts to develop.
Level 5 : indicator/strategy that do not disclose source code. private version of Level 3 script with my accumulated script processing skills or a large number of custom functions. I had a private function library built in past two years. Level 5 scripts use many of them to achieve private trading strategy.
Pump-Dump VolumeThe anomalous volume indicator, could help in detecting pumps and dumps. Open Source.
Pump|Dump Tickerthis is just a study to investigate the pumps and dumps that have been happened in a crypto market and it should not be used as an indicator. this is also my very first Pine Script that I've written and I am sure it is not perfect. actually I am curious to know when (I mean the exact time of the day) most pumps and dumps happen as a self investigation. the method that is used to define pumps and dumps is not good (and I know that) but I will modify it for better result in next version.
to use this study, you should define whether you want to display pumps or dumps or both and also you should define percent of change (threshold).
WhenWasThePriceAction
Bars of largest range (volatility)
* see moments of strongest price action immediately
* colored & upDown by candle color
* amplifier: you see only the bull runs, and subsequent dumps
Very nice on the 5 years scale of BITSTAMP:BTCUSD - nothing comparable to 2013 has happened yet.
Internals:
squared_range = pow(high-low, 2)
That is essentially it already. The rest are details:
* gauge with (in case of Bitcoin exponentially rising) price
* show in red for negative candles
* take even higher polynomial (than 2) to show only the very largest values
* allow some user input (but there is not much more that can be chosen here.)
Sorry for such a simple formula - but sometimes the easiest things are powerful.
Please give feedback. www.tradingview.com and/or in the cryptocurrency chat. Thanks.
