7/20EMA 50/100/200SMAsThese are approximately the same moving averages shown in the E-book "The candlestick trading bible"
在腳本中搜尋"科创50和科创100区别"
Other alts compensated capitalization [Peregringlk]DISCLAIMER: I'm not a native English speaker, so let me know please about mistakes in my wording.
Introduction
==========
This indicator (the middle one in the image) shows how the "others altcoins" (all altcoins except coins with high capitalization) are adding own value to its capitalization by removing BTC price changes. By "own value" I mean USD value gaining by actual buys in BTC markets beyong arbitrage effects of BTC price changes.
The main idea is that, if bitcoin has increased is value by 20%, and the other altcoins has increased its capitalization by 30%, the chart will only plot an increased of 10%. In other words, it will show its increased capitalization measured in BTC (the combined altcoin/BTC market is uptrending). Its purpose is to try to identify altseasons. A bit more concisely, the graph will only grow when both USD and BTC capitalization are growing. If any of them are going down, the graph will go down as well.
Rationale
========
- Altseasons are characterized by an incresed in BTC value of almost every altcoin during some period of time, although not all at once, but distributed over the altseason. For example, in the crazy altseason of Dec17/Jan18, almost every (low capitalized) altcoin increased its BTC value by a minimum of +300%, some at the beginning of the season, some at the end.
- When this happens, BTC loss capitalization dominance, but this also can happen if BTC is downtrending while altcoins are being bought in BTC markets but its USD value doesn't change too much. This happens when altcoins are uptrending in BTC price, but there are actually no gain of USD value because the BTC gain in value is not enough to compensate the BTC fall in price. Since BTC is losing USD price, but altcoins are not, dominance falls. So, looking at BTC dominance is not enough to spot possible beginnings of altseasons, because of arbitrage of other effects.
- The "big altcoins" are removed from the counting because one single big capitalized altcoin that grows, let's say, a 20%, will have an observable effect on the total altcoin capitalization, even if the rest of the altcoins are stagnated in price. For example, at today's date (8th April 2020), Ethereum by itself has the 23.89% of the total altcoins capitalization. A +10% in Ethereum price will increase the total altcoin capitalization by a +2.38%. I wanted to remove that effect to focus on generalized price changes of all altcoins. Remember that there are only 9 big altcoins 9 coins representing the 71% of the alts capitalization, while there are exists more than 5000 altcoins in total.
- Another key factor is that I want to focus on what happens in alt/BTC markets, because almost every altcoin can be traded against BTC, and most of them can only be traded against BTC. However, big altcoins can usually be traded against USD or other alt coins or fiat currencies as well. Removing the big alts from the equation helps (just a bit) to simplify the interpretation of the chart because arbitrage effects of those "impactfull" alts are limited (although not removed, because arbitrage also happens cross-markets).
- There are situations where BTC price is going up, alts USD capitalization is going up as well, but alts BTC capitalization is going down because altcoins are being sold in BTC markets, it just happens that the speed of the selling is not high enough as to compensated the increased in BTC price. That makes the USD capitalization grows, while alts are really being dumped in BTC markets. I wanted to reflect that effect as well by making sure that the graph is growing only when both USD and BTC capitalization of alts are growing.
Interpretation
============
If you want, you can see this chart as if plotting the Other alts capitalization as if priced against a fictional coin FCOIN, that start by having a price of 1, that combines the up and downs of both BTC price and alts USD capitalization in a very conservative way: if FCOIN price goes up, means that the other alts are gained USD value but only when they have overcome BTC price changes. Otherwise, it goes down.
If this fictional FCOIN has went up during some days straight with a total gain of maybe, greater than 10%, we are maybe in front of the start of an altseason. Sometimes, maybe (it requires some more years to extract a theory out of here), it can be used as proxy of the BTC near future (trend changes or continuations): if this FCOIN goes up, while BTC is doing nothing relevant or even is going down, it could signal that "people" is getting prepared and a generalized altcoin accumulation process has started, because of a combined people's assumption that BTC will start to have an stable uptrend, or will continue the current trend soon. There's some matches in the past about that, but there are also false positives, as usual.
Additionally, four customizable EMAs are added to the script, by default 21, 50, 100 and 150.
Definitions
=========
- Let's call `altcap_btc` the altcoin capitalization in USD, divided by BTC price. In other words, `altcap_btc` is the capitalization in terms of BTC.
- Let's call `x` the BTC price change rate as `btc_price_current_candle / btc_price_previous_candle`. So, if BTC has grown a +20%, `x = 1.20`, and if BTC has gone down a -20%, `x = 0.80`.
- Let's call `y` the `altcap_btc` price change rate, calculated as before but for `altcap_btc`.
- For pure math equivalence, `x * y` is thus the USD capitalization change rate.
Calculation
=========
For plotting the graph, for each candle, I choose a change rate, and then I plot the total accumulated change rate as by `ch0 * ch1 * ch2 * .... * ch_today`, where each `chX` is the choosen change rate of each candle since the beginning of the chart. So, if the "alts compensated value" has grown yesterday +20% and today's -10%, `1.20 * 0.9 = 1.08`, which means that in two days the compensated value has grown an 8% in total.
- If `x * y > 1` (USD cap is growing), I take `y` as change rate (alt/btc change rate).
- If both `x` and `y` are `> 1`, then the graph grows because I'm taking `y`.
- If `x > 1` and `y < 1`, the graph goes down because I'm taking `y`, reflecting the BTC markets are dumping.
- If `x < 1` and `y > 1`, the graph goes up because I'm taking `y`, reflecting the BTC markets are pumping so much that it overcomes the btc fall.
- `x < 1` and `y < 1` is impossible here because `x * y` must be `> 1` by precondition.
- If `x * y < 1` (USD cap is going down), I take `y` or `x * y` depending on the individual change rates:
- If `x` and `y` go in different directions (one up and the other down), I take `x * y` to reflect that USD capitalization has gone down. I don't take `y` here because it could be `> 1`, and I don't want to make the graph grow if alts are lossing USD value. Also, if `y < 1` and I take `y` the graph will go down faster than USD capitalization and I want to show that "alts compensated value is gown down slower than BTC because some boughts are happening". I don't take `x` either here for the same reasons.
- If both `x` and `y` are `< 1`, I take `y`, because otherwise the graph would be less than 0.000001 today after two years of bleeding, making literally impossible to see if alts "grow tomorrow".
- `x > 1` and `y > 1` is impossible here because `x * y` must be `< 1` by precondition.
Custom EMA AngleThis script shows the angle of 6 EMAs to perform trade analysis. The EMA angle is also known as its Rate Of Change ( ROC ). The 6 EMAs (I, II, III , IV, V and VI ) default lengthes come from one of the Fibonacci Phi^3 and Phi^3/2 sub series (17, 34, 72, 144, 305 and 610), but can be changed to any values, particularly to the traditionally used 20, 40, 50, 100, 200 and 300. Up to my knowledge, Fibonacci Phi^3 and Phi^3/2 sub series lengthes were first proposed by Bo Williams.
Angle calculation is performed by calculating the tangent over a delta interval. Normalization is required to make the angle independent of the price range.
This script is meant to be used together with the corresponding EMAs on the candle pane. Non normalized view shows a more realistic angle condition but, if intended to be used with the CEMAS indicator, normalized view should be used.
Custom EMA + FIBOThis script combines 6 EMAs with 3 Donchian Channel 78.6% and 21.4% intermediary level lines to perform trade analysis. The 6 EMAs (I, II, III , IV, V and VI ) default lengthes come from one of the Fibonacci Phi^3 and Phi^3/2 sub series (17, 34, 72, 144, 305 and 610), but can be changed to any values, particularly to the traditionally used 20, 40, 50, 100, 200 and 300. Up to my knowledge, Fibonacci Phi^3 and Phi^3/2 sub series lengthes were first proposed by Bo Williams.
The 3 Donchian Channels used have default lengthes 72, 305 and 1292, calculated after the first length default value of 72. For each of the 3 Donchian Channels only an upper line, set by default at 78.6%, is plotted in green and its complement, set to 21.4%, is plotted in red. When the closing price is above 3 green lines, we say it is Forbidden to Sell ( PV ), and when the closing price is below 3 red lines, we say it is Forbidden to Buy ( PC ). Those conditions are flagged on the chart. These PV-PC conditions were, up to my knowledge, first proposed by Bo Williams.
EMA Noodle Fan by KviateqJust a very simple EMA fan using Highs and Lows instead of closes. This results in these "EMA noodles". Price very rarely reacts rigidly to a close price of an EMA, sometimes it comes short, other times it overshoots it. Hence the idea behind the noodles.
You can obviously change the lengths of each of the noodle, I chose these lengths for a M5 timeframe and these represent your typical 50, 100 and 200 EMAs on higher timeframes.
MA Cross Cloud SMA 50 100 200Added a SMA Cloud
Trend direction is better to see.
You can see the colored space between the SMA's. So you can see the strenth of the Trend.
You can see witch cadels in Math.
You can keep the Chart clear, because there is no dirt in the past ;)
Especial if you are leraning it is interesting to see witch Candels are used for math.
Fave fun :) and give me a like :)
Moving Averages CrossThis Indicator helps you spot crosses between moving averages.
Thought to combine short term and long term strategies.
A complementary element for your trading tool belt.
The First study (short term):
Helps you visualise the relation between two simple moving averages (9,21) by default.
The Second study (long term):
Helps you identify the relation between three simple moving averages (50,100, 200) by default.
Spot Golden Crosses and Death Crosses from far.
Range EstimateAs a trader I need to know what are the best ranges to get in or out
So this tool try to help a little bit .
First we have Pivot points (all forms with fib ,traditional etc)
next is percentage channel (uper=upper % from close and Lper=lower % from close) , in btc I use 3% up or low for 1 hour candles as it give me good range of lower and upper bound . This you need to change for different TF or different assets
next we have Bollinger upper and lower (Bup= Bollinger upper and Blow=Bollinger lower) it has also MTF function
last we MA =,20,50,100,200
in total the aim of this indicator is to give fast glance on the numbers that important to you as trader fast with a clean graph so you can add your indicator to it to see better how they work
The info panel you can change the font size, you can change distance by offset
and the position on the graph , you need to adjust with position -in this case since it btc I put number of 8700
let say it ETH then I put a number 5% above the close number
if it XRP = then the same trick , lets say 0.3 etc
Multi XXL Indikator v2Ma s (50,100,200)
Keltner
Bollinger 2 und 3
Future Pivot
Multi Timeframe MA
Ema s 55=>20
別府 Multiple Moving AveragesThis is yet another script that implements multiple moving averages into one indicator. It also identifies SMA golden crosses and candles where price goes above or below the 200 SMA. It also has a few EMAs and SMAs with configurable periods in case you want to try something out and need a weird EMA or SMA. The default EMAs and SMAs use 50, 100, and 200 periods.
Multi XXL IdicatorMulti XXL Indicator
Ma s (50,100,200)
Keltner
Bollinger 2 und 3
Future Pivot
Multi Timeframe MA
Ema s 55=>20
Multi XXL IdicatorMulti XXL Indicator
Ma s (50,100,200)
Keltner
Bollinger 2 und 3
Future Pivot
Multi Timeframe MA
Polyrithmic MAsThis is the 20/50/100/150 mas grouped together and coloured for quick analysis
The 20 can be used as the line to close a trade and is colored white
10/20/50/100/200 SMA'sMultiple MA's to get a good feel for momentum and interim supports and resistances
EMA 25, 50, 100, 200Use this script to reduce the amount of indicators. The darker the color, the longer timeframe the EMA is.