Tickers PanelCONCEPT
It's a very straight forward panel with tickers for both BTC and ETH (you can switch in the settings).
The background colouring changes based on how individual markets are trading compared to a market average.
It shows green if a market is trading above the average price and it shows grey if it's trading below the average.
This makes it easy to spot which markets are cheap/expensive.
This is jus a random idea, but the source code is open so that you can make your own changes if you like.
FEATURES
Tickers for six different markets.
By default it shows BTC prices, but you can also choose for it to show ETH prices.
Sometimes it gets blocked by price.
So there's an option to put it at the bottom of the screen.
There's more possible, just look at the source code.
I use a widescreen so for me the size of the boxes is perfect, but if you're on different resolution it might look weird.
Also if you split your screen in half for example it probably won't perfectly fit anymore.
In the settings you can easily change the colours, width, height, border thickness, ...
So yeah, just a fun panel with some crypto tickers.
Have a look at the source code it's pretty easy to understand, have fun playing around with it.
The indicator is free so just add it to your favourites and you can start using it (you might have to refresh Tradingview before it works).
Cheers.
加密貨幣
Binance Futures BasisCONCEPT
The futures basis for multiple coins based on the Binance coin margin quarterly futures contracts.
If you need a run down of what the futures basis is, check out this short educational post (click on the chart):
In short: the futures basis is the premium at which futures contracts are trading compared to the spot market.
FEATURES
Futures basis for the following coins:
BTC
ETH
LTC
BNB
ADA
DOT
BCH
LINK
There's also an average futures basis which is an average premium of all the coins I just listed.
As you can see there's also a zero line which you can turn on in the settings.
This is quite useful for when the futures start trading in or close to backwardation.
It's possible to show all the premiums at the same time.
This makes it easy to look for outliers.
You can choose the candle source too.
By default it's set on "close" which probably makes the most sense.
All data will be based on candle closes.
However if you're looking at higher timeframes sometimes crucial info is lost when you keep it on "close".
As you can see in this BTC futures basis example with "close" as a candle source you don't seen anything peculiar even though there were two violent liquidation cascades that temporarily had a huge impact on the futures basis.
If you then select "ohlc4" for example which uses an average value of each candle you can clearly see the impact that those drops had.
Basically when you're looking at most recent data I prefer candle close, but when looking at higher timeframes for historic data the ohlc4 option is more useful.
At the time of publishing this indicator it's using the September quarterly futures contracts (which is the closest expiration).
I'll update this every time the expiration happens.
However, in the settings you'll find the code for these futures contracts.
If you want to take a look at the next expiration for example, which is December right now, you can just fill in the Binance code of those contracts and it'll re-calculate everything and print the futures basis for the December futures.
This way you can also update the indicator yourself each time contracts expire (to make sure the indicator keeps working just in case I were to disappear or something).
The code for the current (September) contracts is U2021.
The code for the next expiration (December) is Z2021.
This will become out dated of course.
TRADING
You can find more info on how it's useful for trading in the educational post I linked.
Some short notes...
This premium works very similar to the perpetuals basis or funding.
Simply put a high premium could be a sign that the market is overbought and a very low premium could be a sign that the market is oversold.
Backwardation (below 0) is very rare and usually only happens after a violent crash. Historically those are good buying opportunities.
Divergences also often work really well.
If you want access send me a private message so we can discuss it.
Cheers.
Binance Premium IndexCONCEPT
An indicator with official Binance premium index data for BTC and a bunch of altcoins.
The premium index is based on the difference in price between the perpetual swap contract last price and the price of a volume weighted spot index.
Simply put: it shows you for each coin whether the spot market is trading higher than the Binance perp or not.
FEATURES
Premium index for:
BTC
ETH
LTC
BNB
ADA
DOGE
DOT
UNI
SOL
LINK
There's also an average premium based on the premiums of all these coins combined.
You can also choose in the settings to display all the premiums at the same time.
This makes it easy to find outliers.
There are two extra features that need some explaining.
First of all: the clamp.
It doesn't happen often, but sometimes as a result of massive liquidation cascades there's temporarily a huge spot premium (or derivs premium, but usually spot premium).
In such a scenario the value of the premium dwarfs all other historical data and the indicator becomes nearly unreadable.
The clamp option allows you to put a cap on how extreme the values can get so that the indicator becomes easier to read again.
In the settings you can also change what you want the max value to be.
When you select the option that shows all premiums you'll definitely run into this problem as well.
But you can put a clamp on these too.
The second option is more straight forward: smoothing.
The premium can sometimes be a bit all over the place. It's possible to display the data as a smoothed moving average.
Here's an example of the raw data of the global average premium.
Now with smoothing. Looks a lot more clean.
TRADING
This premium index data is what the funding rate is based on.
Thus it has a direct impact on the perpetual swap contract.
If there's a spot premium (negative values in green) funding will be negative and shorts will have to pay longs.
If there's a derivatives premium (positive values in grey) funding will be positive and longs will have to pay shorts.
Simply put, a spot premium is usually bullish and a derivatives premium is usually bearish.
A lot of people look at this stuff when it comes to bitcoin, but for altcoins it's also definitely relevant.
So here's an indicator with the premium index for 10 different coins.
I don't use more than 10 coins because otherwise the indicator will become very slow.
If you want access to the indicator send me a private message so we can discuss it.
Cheers.
[astropark] Rolling VWAP V2 [alarms]Dear Followers,
today I'm glad to present you yet another awesome Analysis Tool and Strategy, that you may like to use in your trading journey: Rolling VWAP V2 !
This is an upgraded version of my "Progressive VWAP" analysis tool (progressive and rolling are synonymous for me), its description describes quite well what a progressive/rolling vwap is and why they are important to watch:
This indicator can print automatically for you many important Rolling VWAPs:
Daily (D)
2 days (2D)
3 days (3D)
4 days (5D)
Weekly (W)
2 weeks (2W)
Monthly (M)
Quarterly (Q)
Yearly (Y)
As an indicator it will let you:
enable/disable each rolling vwap, change its color and line style and thickness
enable/disable labels and/or price on labels, as well as change their size
As a strategy it will let you:
enable/disable buy/sell signals
choose which strategy to use (all based on rolling vwaps of course)
choose a starting date & time from which to start backtesting
enable/disable individually long and short setups in the backtesting
You should choose low timeframe rolling vwap strategy if you are on a low timeframe, while higher timeframe rolling vwaps are good on medium-high timeframes.
For example D-2D-3D rolling vwap strategies are good at 1h or below, the others on higher timeframes. Backtesting results will help you in understanting this point quite easily.
This indicator works on every timeframe, market and pair. By the way it must be said that, as a bot strategy it has been tested and designed mostly for Bitcoin trading and it works best on 1h or above.
As I always say, all tools are great if you use them correctly: this is not the "Holy Grail", so always use proper money and risk management strategies.
This indicator is the alarms version of the backtesting one you can see here below:
This is a premium indicator , so send me a private message in order to get access to this script.
BULLSEYE BORDERS (Combined Price Action Follower)Developed for Crypto Currency Market! Use for 15 minutes period or more! Under 15 minutes, results are unpredictible.
This script had been orginized with Donchian Lines based on support and resistance levels.
Rules:
If the price is under top line, you will be ready for short position, and over the bottom line, long position.
When the price passes the red and green area you can take action and enter the trade!
Orange area refers the squeezed or floating position, so you can either stop or wait for price action!
If you see boring candles frequently, check out the last high and low levels.
If the price close to the last high, take long position. If not, short position.
Use ALMA , if you want to put and alert on script. It is identical to price line.
Thanks to @millerrh for 'Breakout Trend Follower'. Just used the last low and high features to complete the script. Combined with 'Boring Candles' from ©Prasad Raut, Modified on 20190811 (Updated to %30 full candle)
Trend Tip: You can use the script with Linear Channel so you can also see the trend. (not always)
MarketsCONCEPT
This indicator gives a clean overview of how markets are trading relatively to each other.
The line in the middle represents a global market average price (a combination of spot and perpetuals).
The dots, which represent individual markets, float around that line.
This way you can easily tell which markets are more expensive (or cheaper) than others.
Markets used:
Coinbase spot (USD)
Bitfinex spot (USD)
Binance spot (USDT)
FTX spot (USDT)
Bitmex perp (coin margin)
Bybit perp (coin margin)
Binance perp (dollar margin)
FTX perp (dollar margin)
The indicator works for both BTC and ETH.
FEATURES
Markets
The main use is to see if spot exchanges are trading above or below derivatives exchanges.
You'll notice that usually when bottoms form it's when derivs start trading below the market average and spot above.
It's considered bearish when derivs trade way above the market average. It's quite normal that derivs trade a little bit above baseline but if they trade pretty far above spot it becomes worrisome.
I personally think it's most useful on lower timeframes like the 4h or 1h, but it works the same on all timeframes.
Distortion
There's also a distortion metric which shows how big the spread is between all exchanges.
Normally speaking all exchange prices trade very closely together, but sometimes the market gets more turbulent and then prices move apart.
The higher the distortion levels the more turbulent the market.
It's interesting to look at once in a while but it's probably not very useful for trading.
I have noticed though that high distortion usually happens after a violent drop and it often marks bottoms.
But then the obvious question is "what is high distortion" and I can't give you an answer because it varies.
In this screenshot I used ohlc4 for the candle source.
Both
You can also choose for the indicator to show both the markets and the distortion at the same time.
All spot markets are green and all derivatives are grey because that's just the theme I use, but you can change the colours in the settings.
You can choose the candle source as well. By default it's set on candle close prices (which makes the most sense in my opinion).
TRADING
Like I already mentioned, the indicator's main purpose is to show you how individual markets are trading relatively to the global market average price.
The most important aspect of it is to see if spot markets are trading higher than derivs. Spot trading above the average while derivs trade below is usually bullish.
Local bottoms often print when spot trading significantly above the rest.
You can also use the indicator to identify arbitrage opportunities because some times there's one market that suddenly starts trading way above or below every other market.
This is obviously a more niche use case of course.
If you want access to this indicator send me a private message so we can discuss it.
Cheers.
Aggregated Perpetuals VolumeCONCEPT
An aggregated crypto perpetual swap contracts volume indicator that works both for BTC and ETH.
The volume is denominated in USD.
FEATURES
It shows the combined perpetuals volume of 6 of the most prominent derivatives exchanges in crypto, which can be displayed in 4 different ways.
Exchanges used:
Binance (USDT)
Huobi (USD)
Bybit (USD)
FTX (USD)
Bitmex (XBT)
Deribit (USD)
In the settings you can choose to exclude certain exchanges and then that volume is removed from the calculation.
There are 4 different display modes.
stacked
Index
Normal
Delta
For more info check out the spot volume version of this indicator:
TRADING
This is indicator is pretty straight forward... It's volume .
The cool thing about this indicator is that it shows combined volume of a couple of the most important crypto exchanges and it can be displayed in multiple different ways and it works both for bitcoin and ethereum .
It's free so if you add it to your favourites you can start using it right away (it's possible that you'll have to refresh Tradingview before it actually works).
Cheers.
Aggregated Spot VolumeCONCEPT
An aggregated crypto spot volume indicator that works both for BTC and ETH.
FEATURES
It shows the combined volume of 6 of the most prominent exchanges in crypto, which can be displayed in 4 different ways.
Exchanges used:
Binance (USDT)
Okex (USDT)
Huobi (USDT)
Coinbase (USD)
Bitfinex (USD)
FTX (USD)
In the settings you can choose to exclude certain exchanges and then that volume is removed from the calculation.
There are 4 different display modes.
Stacked
This stacks the volume so that you can see exactly which portion of each volume bar each exchange is responsible for.
Index
The indexed format shows you percentage wise the volume of each exchange so that it's even more clear which exchanges are more dominant.
Normal
For the people who like classic volume bars, but still want to use aggregated volume.
Delta
The delta separates buy volume and sell volume.
It's a fun way to display the volume, but take this one with a grain of salt because on Tradingview we can't actually see the exact difference between market buys and sell.
This delta counts a positive candle close as "up" volume and a negative candle close as "down" volume.
TRADING
This is indicator is pretty straight forward... It's volume.
The cool thing about this indicator is that it shows combined volume of a couple of the most important crypto exchanges and it can be displayed in multiple different ways and it works both for bitcoin and ethereum.
It's free so if you add it to your favourites you can start using it right away (it's possible that you'll have to refresh Tradingview before it actually works).
Cheers.
Tether DataCONCEPT
A toolkit with a bunch of different metrics for the widely used stablecoin called tether (USDT).
It's very easy to use, just select in the settings what data you want to look at.
FEATURES
Value index.
The "index" setting shows a volume weighted index of different exchanges to give the most accurate average USDT/USD price.
Market cap.
Very straight forward. This shows you the current tether market cap.
Market cap changes.
This gives you a better visualization of increases (or sometimes decreases) in the tether market cap.
Dominance
This shows tether dominance in the market, same concept as bitcoin dominance.
It compares the USDT mcap to the total crypto mcap and then shows the dominance percentage wise.
It's considered bearish when USDT dominance goes up because it means people want to get out of coins and flee to something more stable.
BTC buying power.
This compares the tether market cap and compares it to the bitcoin market cap to give you an idea of how much BTC buying power has in theory.
The higher this ratio the more bitcoin could be bought with all the tether available.
You'll notice that this often looks very similar to the dominance metric.
Exchanges.
The tether price of multiple exchanges.
In the settings you can select which ones you want the indicator to show.
TRADING
I can't tell you exactly how useful this indicator is for trading, I don't have strong opinions on it.
Some people think a high tether price and dominance is bearish.
Some think the market cap increasing (because of new prints) is bullish.
The buying power metric can give you an idea of how much dry powder there is in the market.
The exchanges metric shows you where you can get the cheapest USDT...
Just some ideas.
This indicator is free so if you add it to your favourites you can start using it immediately (it's possible that you have to refresh Tradingview before it actually works).
Source code is visible for learning purposes.
Cheers.
Aggregated Perpetuals BasisCONCEPT
The aggregated perpetuals basis compares the prices of perpetual swap contracts in crypto (or "perps" for short) with the price of the spot market.
The idea behind this is that it can help you analyse whether the derivatives market is being overly bullish or bearish.
When the indicator shows positive values (grey colouring by default) it means that perps are trading at higher prices than spot.
Generally speaking we say this is bearish or at least not an ideal scenario to long yourself because most of the time this means that derivatives market participants are too aggressive (overbought territory).
Vice versa when the indicator shows negative values (green colouring by default) it means that there's a spot premium which is considered bullish.
A spot driven market is a healthy market. There could also be a spot premium because market participants that are trading perps are aggressively shorting which puts them at risk of getting short squeezed (again, bullish).
FEATURES
The indicator works for both BTC and ETH.
It's aggregated because it looks at the prices of multiple contracts and it's also volume weighted so that more important markets have a bigger impact.
There are three different types of premiums you can select: coin margin, dollar margin or the combined version.
In crypto there are two types of perpetual swap contracts. Contracts that work with coin margin and contracts that work with dollar margin, which is mostly USDT although FTX for example also accepts other collateral. Sometimes these contracts trade at slightly different prices and you'll notice that there's also a shift in bullishness and importance between these contracts from time to time.
However most of the time the values will be very similar for coin margin and dollar margin.
Markets used for the coin margin perps:
Binance
Bybit
Deribit
Markets used for dollar margin perps:
Binance
Bybit
FTX
The combined premium combines them all.
The spot indices used are:
BXBT (for BTC)
BETH (for ETH)
By default it uses "close" as candle source which means it looks at the premium as if the candle were to close right now.
If you're looking at higher timeframes I suggest using "ohlc4" because there's a lot that happens within one daily candle for example so you might want to use an average candle price (ohlc4 = open+high+low+close/4)
There's a "clamp" feature which puts a cap on extreme values.
Sometimes during capitulation events there's a massive spot premium which dwarfs all the other values and that makes the indicator unreadable.
In such cases the clamp helps to make the indicator useful again.
As you can see I created support and resistance zones (which you can turn off) that max out at 0.4% for bitcoin because by looking at historical data it seems that the premium almost never moves outside of those thresholds (except for those few exceptions during liquidation cascades).
There's also an option to smooth out the values.
TRADING
As discussed earlier, a spot premium is generally speaking considered bullish and a derivatives premium is considered bearish.
It doesn't give buy an sell signals, but it helps you with establishing a bias and gauging general market sentiment.
This in turn can help you with deciding what side of the trade to take and it shows if the conditions are still favourable for you to take the trade you want, because a spot premium for example usually leads to negative funding which makes it interesting to go long.
Send me a private message if you want access so we can discuss it.
Cheers.
Aggregated Futures BasisCONCEPT
An indicator that shows you the futures basis, which is the premium that classic futures contracts are trading at compared to the spot market.
By default its settings are for bitcoin quarterly contracts (closest expiration date), although there's a lot of customizing possible.
You could also use this indicator for other coins but then you'll have to change the inputs.
I'll manually update the contracts when they get close to expiration, but you could do this yourself as well (just in case I disappear for some reason and don't update it anymore).
For more info on what the futures basis is exactly check out this short educational post (click chart):
FEATURES
As previously mentioned, the default settings are for bitcoin.
The index used is the Bitmex BXBT index. It's a dynamic and volume weighted spot index which is perfect to get an average price of the spot market.
If you want to look at the ethereum futures basis for example then I suggest using the BETH Bitmex index, same concept as the BXBT chart but for ETH.
The futures used are quarterly contracts of the most prominent exchanges in crypto.
There's also an option to add an average plot (or only show the average: use the selection box) which calculates the average premium of all the futures contracts selected (you can also choose to exclude certain contracts).
The standard settings show you the premium in percentage terms, but there's also an options to show the annualized premium.
If I don't update the indicator when the contracts expire you'll have to fill in the tickers of the next quarterlies and you'll also have to change the expiration date to make sure this annualized premium still works.
There's a "zero line" you can add which is useful for when the futures get close to backwardation.
And you can set up bullish and bearish signals of your choosing. By default it shows a bull signal when the premium goes below zero and a bear signal when the premium goes above 10 (if you put it on annualized you'll want to change this threshold).
TRADING
The futures basis can be very useful to gauge market sentiment.
It can give you a better idea of how aggressive market participants are by looking at how much the futures are going up or down relatively to spot.
Divergences also often have an impact.
If you want access to this indicator send me a private message so we can discuss it.
Cheers.
InvictusHello,
I introduce my strategy that provide signals for entering in the market and signal for exit.
This indicator attempts to show a trader when is the best time to open a long or short position. The calculations are partially based on volatility, SMA, EMA and predefined values depending on used timeframe.
We collect data from comparing the current price, calculating the average move of the market, top, bottom and close of the latest bars. The middle line is an adaptive moving average, which is the base of the signals and we also use it as a Trend Line to determine if we are in long or short "condition". The basic idea of this indicator is to show the best place to open a Long or Short position and when to close it.
It is very simple - there are 2 type of signals - LONG (in green) and SHORT (in red). You can close your position when a TP (Take profit) shows up or based on your calculations.
You can chose from several options which strategy you want (there is a "Strategy" select in the settings). The strategies that are proving better according to our tests are marked with a diamond.
Don't forget to always trade with caution, trading is dangerous don't trade more than you can afford to lose.
Please contact me via personal message if you want to test the strategy or for more information.
Thank you.
Adam-Cox LTC Realised v1 Invite-OnlyUse on daily LTC charts to understand where potential price action is occurring during peaks of profit and loss taking place on-average in the market. In the same way where large turnover can be used to identify areas of profit taking, or loss realisation (i.e. losing trade close-out) , this study examines this phenomena directly and is similar to indicators published for DOGE and BTC.
Adam-Cox LTC Unrealised v1 Invite-OnlyUse on daily LTC chart to understand an estimate of average market profit and loss occurring in relation to current price and costs basis. Other studies in this space include DOGE and BTC, and in which the same way inferences can be drawn for LTC in a similar fashion
Adam-Cox LTC CB v1 Invite-OnlyUse on daily LTC charts to understand where average Cost Basis is sitting in the market to assist understand where potential support and resistance may lie.
Referring to 'prospect theory', investors and traders a like may break even on average around their costs basis or average entry cost.
In the current chart we see that the LTC market is now under the Cost Basis indicating thaton-average, both realised and unrealised losses of market participants are now occuring. Contrast this with other cryptos where average entry price due to early stage mining at adoption saw current prices levels above cost basis indicating a 'physiological' cushion to potential future volatility.
Volume Level with AlertThis script is made by Bollinger Bands and Volume , BB is using customize setting to filter the surge volume.
Good to use in Cryptocurrency
When Volume Breakout and price is drop, chance to collect at lower price
Try to find out Price * Volume Divergence , a best entry point with low risk
Altseason FinderTo know when to buy altcoins instead of bitcoin.
It is based on BTCUSD and BTC Dominance RSIs.
CRYPTOPRODear traders,
Welcome to CRYPTOPRO indicator. Only for crypto markets! This is an invite only script, please PM me to request permission for testing and access.
This indicator is developed as a scalping, intraday or swingtrade strategy.
Been working on indicators for years now, now back to trading again and made the best possible indicator for different timeframes.
The indicator uses market data, multiple timeframe ma/rsi charts and price action for determining a long or short strategy.
The indicator does not repaint!
I have made the indicator as easy as possible to use with added background colors.
How to use:
- Long strategy: when background turns to green after bar closing.
- Short strategy: when background turns to red after bar closing.
Alerts:
- Alerts are included in the indicator and are very simple to use.
- Alert "buy" for long strategy (green background)
- Alert "sell" for short strategy (red background)
- The alerts can also be used for automated trading/bot trading.
Time Frames :
- Can be used for all different timeframes.
Chart candles:
- Indicator is to be used with standard prince candles.
Note:
- Trading and financial markets are always risky and unpredictable.
- All trades made based on this indicator and his results are always your own responsibility.
- As an author i will not be held responsible for any of your trading profit or loss. Always be cautious when trading.
Charts can be applied to all TV supported crypto charts.
If you find the indicator usefull share your support and feedback in the comments.
Any questions PM me for more info.Thank you!
DISCLAIMER:
No sharing, copying, reselling, or any other forms of use are authorized for our scripts / strategy, and the information published with them.
This script / strategy is strictly for individual use.
This is not financial or investment advice. Investments are always made at your own risk and are based on your personal judgement.
NYTRADE is not responsible for any losses you may incur. Please trade wisely.
FieryTrading Suite AThis trading suite offers a complete package to traders, both long- and short-term. The idea here is that by combining FieryTrading Suite A and B, one can get a better grip on the markets, thus making more profitable trades. This trading suite is suited for all time frames and assets. Ideally one would combine this trading suite with their own strategies or indicators.
This indicator pack consists of several parts and offers quite some customization.
// FieryTrading Suite A
Bar Trend: the bars will get colored according to the current, short-term, trend. Green is bullish, red is bearish and yellow is neutral. By tweaking the Bar Trend Length one can make the bar trend more or less responsive. Higher lengths are better for long term trading, whereas a shorter length is better for short-term or scalping.
MTF EMA: this is actually two indicators in one. First, we have the EMA on the chart, which is a general current trend indicator. Above the EMA means bullish, under the EMA means bearish. This EMA is also colored according to the long-term trend, which gets pulled from a higher time-frame. Green means long term bullish, red long-term bearish, yellow neutral.
Overshoot Area: the green and red bands around the price are areas where the price might potentially reverse from. This works exceptionally well in consolidating (horizontal) markets. The wider the overshoot area, the stronger the trend. A very tight overshoot area might indicate that the price will soon make a strong move. Increase the overshoot length to make it better suited for long-term. Decrease the length for better detection of small moves.
Extra’s:
1) Extreme bars: when turned on, the bars will color blue if the price reaches a potential strong area of reversal or consolidation. Blue bars are also great areas to exit your current position. Increase the Extreme Multiplier in case you want it less responsive. Decrease the multiplier to quicker spot extreme bars, but with a higher margin of error.
2) FieryTrend: due to its popularity, I’ve decided to included my FieryTrend indicator in the Trading Suite. It’s a great tool to manually find trend lines, resistances and supports. See my FieryTrend indicator for more info.
3) Fractals: when turned on, this option will display fractals on the chart. These fractals are mainly used for stop-loss determination, but can be used for other strategies as well.
4) FT B Reversal: when turned on, this will place reversals of the FieryTrend Suit B on the chart. Make sure to keep the inputs of the FT B indicator the same on both the A and B suite. It might trigger some false-positives, don’t trade this blindly. Wait for the lighter color to completely disappear behind the darker one on FT B.
Alerts: Alerts can be created for Extreme Bars, Bar Trend and FieryTrading Suite B Reversals. Bar trend currently triggers an alert of every bullish / bearish bar, want to make it trigger once in the future, but I’m encountering an unknown bug.
// FieryTrading Suite B
This oscillator tries to give traders an idea of the current trend, as well as trend reversals. The higher the lengths, the bigger the potential trends can become. Be aware that higher lengths are less responsive to market movements. The default inputs are best for most traders. Alerts for this indicator can be made in the FT Trading Suite A, indicated by the blue up / down triangles.
// Potential strategies
There are several potential strategies that one can follow by just looking at the chart. Here are some examples:
1.0 For longer term trades one could simply trade the bar colors. Buy when the bar goes green, sell when it goes red.
1.1 You could exit the trade at either an Extreme Bar or when the price enters the Overshoot Area
1.2 During bullish trends (green bars, green MTF EMA), you could spot potential entries with the FieryTrading Suite B. Enter on every dip on the oscillator. Inverse would be true for shorts.
2.0 You could trade the FT B Reversals during their respective trend. So, trade bearish reversals during a red MTF EMA, bullish reversals during a green MTF EMA.
Never trade one indicator naked. Always use other indicators to confirm your bias.
For take-profit and stop-loss selection I would generally advise to look at the most recent fractal and place the stop above / below the fractal bar. Bullish trades should look at the pink fractal, bearish trades at the yellow fractal. When no fractal is available, look at the reversal bar and apply the same strategy.
For short term trades I’d advise a risk-reward of 1.5, longer term 2 – 2.5.
See the screenshots below for a couple of examples.
For access, please take a look at the "Author's Instructions" below.
[JRL] Multi-Symbol Strength TrackerI created this script to compare cryptocurrencies that tend to be correlated, but it could also be used for forex or any other market. It is a fairly simple concept and compares price of each symbol to the specified period ema. This is helpful for tracking highly correlated symbols and visualizing moments when they are out of sync, perhaps signaling good times for buying or selling.
Candle Surf SignalThis script works very well for all assets across various timeframe charts. Good for use with scalping, long term swings, or in combination with multi-timeframe trading.
Surf the candles!
Bitfinex BTC/ETH Open InterestThe Bitfinex Exchange is providing the Open Long and Short positions as data feeds in Tradingview. This information can be valuable in order to judge how the big players are positioned.
This indicator allows to analyze this Bitfinex Open Interest data for BTC and ETH. By default it shows the Total Open Interest (Longs + Shorts) in BTC. A 10 period EMA is applied to the data.
The following alternative displays are available:
- Show ETH instead of BTC
- Show Long positions separately
- Show Short Positions separately
- Show the results in USD (Number of coins multiplied by period closing price)
- Show RSI instead of absolute value (see below)
Instead of displaying the absolute value, it is possible to show the RSI (current default length is 20) to make the changes easier visible. If RSI display is selected, then the Overbought, Oversold and Middle Line are shown automatically. Additionally a histogram is displayed which shows the difference between the RSI and the EMA of the RSI.
Awesome Heikin Ashi [Morty]This indicator uses Heikin Ashi candles and two EMAs to help you follow the trend and enter the trade. Heikin Ashi candles help to smooth the price and EMAs are used to detect trend. The default parameter of EMA is EMA10 and EMA20. You can use it at any timeframe. You should always adjust the EMA length according to different timeframes.
Features:
- Highlight background based on two EMAs
- Adjustable EMA length
- Adjustable Label size
- Show entry and exit signal labels
- Show stoploss price
- You can choose Long only or Short only or both signals
- Alert functions for notification
NOTE: If you use this signal to enter a trade, make sure the candle is close and enter in the next candle.
