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Sim Score
Introduction: The Sim Score is a performance metric similar to the Sharpe Ratio in that it characterizes risk-adjusted returns. What differentiates the Sim Score from the Sharpe Ratio is that the formula has a component that calibrates the score based on relative volume.
Description: Scores generally take on a value between -4 and 4. Scores are provided for XBTUSD and a basket of alt/BTC pairs including ([ETH, XRP, EOS, LTC, ADA, TRX])/BTC. The scores together can provide insight into the relation between alt/BTC pairs and XBTUSD. When alt/BTC scores are relatively similar (“bunching”), these pairs are considered to be highly correlated. Using any preferred method to determine trend, when bunching occurs, it is recommended to take alt/BTC positions all in the same direction. When all scores are falling, this would suggest that players are exiting crypto markets to fiat. Other useful information about the Sim Score is provided below:
Reliable divergences: While a popular signal to help inform trades, divergences alone are not reliable, and even when used to provide confirmation, they are quickly invalidated in trending markets. Sim Score divergences, on the other hand, have more predictive power of trend exhaustion.
Directional bias: When a value > 4 or < -4 prints for the XBT score, circles are plotted which is a strong indication that the trend is moving in that direction. A word of caution — note where the alt/BTC scores are relative to XBTUSD score. If they are bunched together (moving in unison suggesting significant correlation between alt/BTC pairs) and have values inversely proportional to the XBT score, the chance of a countertrend move increases.
Effective on low timeframes: Provided below are a few setups that can be employed.
Divergences: Effective on all timeframes.
Countertrend setups: Requires bunching of alt/BTC scores that have values inversely proportional to the XBT score.
Zero-value cross events: Requires bunching of alt/BTC scores and an XBT-alt/BTC crossover event at the midline (zero-value).
Midline retest: For a bullish retest, requires alt/BTC scores to be negative and the XBT score to be positive. Both plots approach the midline and are rejected signaling continuation.
The utility in the Sim Score extends beyond the primer and examples above. A deeper look into the edge it can provide is available to subscribers. If interested in adding it to your trading toolkit, lifetime permissions for the Sim Score can be purchased for a modest fee of .015 BTC. As always, feel free to send me a DM with any questions you have about the Sim Score. Thank you for your interest in my work.
Happy trades,
Sim
Description: Scores generally take on a value between -4 and 4. Scores are provided for XBTUSD and a basket of alt/BTC pairs including ([ETH, XRP, EOS, LTC, ADA, TRX])/BTC. The scores together can provide insight into the relation between alt/BTC pairs and XBTUSD. When alt/BTC scores are relatively similar (“bunching”), these pairs are considered to be highly correlated. Using any preferred method to determine trend, when bunching occurs, it is recommended to take alt/BTC positions all in the same direction. When all scores are falling, this would suggest that players are exiting crypto markets to fiat. Other useful information about the Sim Score is provided below:
Reliable divergences: While a popular signal to help inform trades, divergences alone are not reliable, and even when used to provide confirmation, they are quickly invalidated in trending markets. Sim Score divergences, on the other hand, have more predictive power of trend exhaustion.
Directional bias: When a value > 4 or < -4 prints for the XBT score, circles are plotted which is a strong indication that the trend is moving in that direction. A word of caution — note where the alt/BTC scores are relative to XBTUSD score. If they are bunched together (moving in unison suggesting significant correlation between alt/BTC pairs) and have values inversely proportional to the XBT score, the chance of a countertrend move increases.
Effective on low timeframes: Provided below are a few setups that can be employed.
Divergences: Effective on all timeframes.
Countertrend setups: Requires bunching of alt/BTC scores that have values inversely proportional to the XBT score.
Zero-value cross events: Requires bunching of alt/BTC scores and an XBT-alt/BTC crossover event at the midline (zero-value).
Midline retest: For a bullish retest, requires alt/BTC scores to be negative and the XBT score to be positive. Both plots approach the midline and are rejected signaling continuation.
The utility in the Sim Score extends beyond the primer and examples above. A deeper look into the edge it can provide is available to subscribers. If interested in adding it to your trading toolkit, lifetime permissions for the Sim Score can be purchased for a modest fee of .015 BTC. As always, feel free to send me a DM with any questions you have about the Sim Score. Thank you for your interest in my work.
Happy trades,
Sim
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仅限邀请脚本
只有经作者批准的用户才能访问此脚本。您需要申请并获得使用权限。该权限通常在付款后授予。如需了解更多详情，请按照以下作者的说明操作，或直接联系Simpel_Bart。
除非您完全信任其作者并了解脚本的工作原理，否則TradingView不建议您付费或使用脚本。您还可以在我们的社区脚本中找到免费的开源替代方案。
作者的说明
提醒：在请求访问权限之前，请阅读仅限邀请脚本指南。
免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。