OPEN-SOURCE SCRIPT
已更新 Mid to High daily % - MA & Threshold
Purpose of this script is to provide a metric for comparing crypto volatility in terms of the % gain that can be garnished if you buy the midpoint price of the day and sell the high***. I'm specifically using bots that buy non-stop. This metric makes it easy to compare crypto coins while also providing insight on what a take profit % should be if I want to be sure it closes often instead of getting stuck in a position.
Added a few moving averages of (Mid-range to High Daily %). When these lines starts to trend down, it's time to lower the take profit % or move on to the next coin.
Decided to add a threshold so I could easily mark where I think the (Mid-range to High Daily %) is for most days.
Ex. I can mark 10% threshold and can eyeball roughly ~75% of the days in the past month or so were at or above that level. Then I know I have plenty volatility for a bot taking 5% profit. Also if you have plenty of periodic poke-through that month (let's say once a week) you might argue that you can set it to 7% if you're willing to wait about that long. Either way this metric is conservative because it is only the middle of the range to the high, a less conservative version might provide the % gain if you bought the day low and sold the day high.
***Since this calculation only takes the middle of the range and the high of the day into account, red days are volatile against a buyer but to your advantage if you are a seller. BUT if you have plenty of safety buy orders this volatility in price only means your total purchase volume increases and when/if you reach a take profit level you sell more there.
Would like to upgrade and add a separate MA line for green days and a separate MA line for red days to discern if that particular coin has a bias. Also would like to include some statistics on how many candles are above or below threshold for a certain period instead of eyeballing.
Added a few moving averages of (Mid-range to High Daily %). When these lines starts to trend down, it's time to lower the take profit % or move on to the next coin.
Decided to add a threshold so I could easily mark where I think the (Mid-range to High Daily %) is for most days.
Ex. I can mark 10% threshold and can eyeball roughly ~75% of the days in the past month or so were at or above that level. Then I know I have plenty volatility for a bot taking 5% profit. Also if you have plenty of periodic poke-through that month (let's say once a week) you might argue that you can set it to 7% if you're willing to wait about that long. Either way this metric is conservative because it is only the middle of the range to the high, a less conservative version might provide the % gain if you bought the day low and sold the day high.
***Since this calculation only takes the middle of the range and the high of the day into account, red days are volatile against a buyer but to your advantage if you are a seller. BUT if you have plenty of safety buy orders this volatility in price only means your total purchase volume increases and when/if you reach a take profit level you sell more there.
Would like to upgrade and add a separate MA line for green days and a separate MA line for red days to discern if that particular coin has a bias. Also would like to include some statistics on how many candles are above or below threshold for a certain period instead of eyeballing.
發行說明
Changed the chart on display.開源腳本
本著TradingView的真正精神，此腳本的創建者將其開源，以便交易者可以查看和驗證其功能。向作者致敬！雖然您可以免費使用它，但請記住，重新發佈程式碼必須遵守我們的網站規則。
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。
開源腳本
本著TradingView的真正精神，此腳本的創建者將其開源，以便交易者可以查看和驗證其功能。向作者致敬！雖然您可以免費使用它，但請記住，重新發佈程式碼必須遵守我們的網站規則。
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。