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.
在脚本中搜索"2020年国际黄金价格走势"
COVID-19: Daily change per capita (EU only)New confirmed cases per day (daily change) is one thing, just an absolute value but when we put this number in context of population (per million people) of each country the situation is a bit different.
We can easily see that, at the moment (Apr 2nd, 2020), the most affected country is Spain (~150 new cases per million people per day) and surprisingly the second one is Switzerland (CH). We can also see Spain or Belgium's steep curve relative to other countries.
I know that some countries run more tests than the others and the outcome might not be reflect the reality but this is the official data that is available.
XBT % ContangoSimilar to my other indicators, but measures XBTUSD Contango in terms of percent.
Also, built it so you could change the values that give the red and green signals. Default values are 0% or less (backwardation) indicates green. However, i found that a 0.5% setting worked will finding local bottoms for current contract of XBTH20 (March 2020). The upper value default is at 5%, and signals red when the next contract reaches over 5%.
My assumption is as BTC increases in value over time, measuring contango in terms of percent will be a better measure of the XBT futures curve.
On Balance Volume ModifiedHere is a smoothed version of the classic OBV indicator with a signal line. You can use it to look for signal line crossovers and divergences. The signal line is a 10-day EMA of the OBVM line. Typically, the signal line can vary from 10 to 50.
This was just published by Vitali Apirine in the latest issue of Stocks & Commodities (April 2020) p22-25
Please let me know if you want me to publish any other indicators or if you have any questions!
Modified OBV w/ Divergence Detection by CryptorhythmsApirine OBV-M Modified OBV w/ MA Selection by Cryptorhythms
Intro
Released in the April 2020 issue of TASC, and created by Vitali Apirine.
Description
OBV-M is of course based on the classic indicator on balance volume originally developed by Joe Granville. Apirine then smooths the calculation and adds a signal line to help denote entry and exit points.
As the author points out uts also great at showing divergences!
Extras
As usual when porting indicators to the library here on tradingview, I like to add some extra flare!
💠MA selection to allow you to experiment with alternate settings
💠Bar coloration based on trade state for easy visual at a glance chart checking
💠Divergence Detection and plotting thanks for Ricardo Santos' script
Enjoy!
👍 We hope you enjoyed this indicator and find it useful! We post free crypto analysis, strategies and indicators regularly. This is our 78th script on Tradingview!
Yield Curve Inversion MonitorIdentifies when the US Treasury Yield Curve inverts (2 and 10 year bond rates).
When they ‘invert’ long-term bonds have a lower interest rate than short-term bonds. In other words, the bond market is pricing in a significant drop in future interest rates (which might be caused by the US Fed fighting off a recession in the future).
In the last 50 years, every time the US treasury yield curve inverted a recession followed within 3 years. On average the S&P500 gained 19.1% following the inversion and peaked 13 months later. In other words, as far as investors are concerned, the recession began roughly one year later.
However, once the market peaks, it then drops 37.6% on average, wiping out all those gains and more.
...Looks like 2020 is shaping up to be another prime example.
[e2] Bitcoin Halving Key & AvwapThis indicator shows a Key Level Support & Resistance level and VWAP that reset on your choice of the Bitcoin's halving date.
Optional Key Calculation Mode:
- Start with first (2012) or second (2016) halving date.
- Start with first and reset on the second (Halving to halving mode)
- Start with every next halving simultaneously (Halving + halving mode)
Labels show the Market Capitalization, total minted Bitcoins and Bitcoin's close price on the halving's date.
A maximum of 5 bands calculated using a factor of the anchored VWAP's standard deviation can be displayed.
Note
- The script is designed for Bitcoin markets only.
- Estimated 3rd halving, script will be updated when next halving occurs.
Improved Krown's Cave and Westy's EMA SMA Combo Improved version (2 March 2020):
- used colours similar to Krown's
- added EMA/SMA (total of 9)
Enjoy.
Custom Time ranges. Daily price ranges.Addition to previous time range script, now containing daily ranges. You can select a day of the week, and have it show the high, low, mid, and open of that day.
For the time bands:
Monday = 2
Tuesday = 3
Wednesday = 4
Thursday = 5
Friday = 6
Saturday = 7
Sunday = 1
Example 1:
1500-1800:2
This will colour the background between 3pm and 6pm on Mondays.
Example 2:
0000-0600:247
This will colour the background between midnight and 6am on Mondays, Wednesdays, and Saturdays.
For the Daily price ranges:
Just select the tick-box forthe day, and then the price levels you'd like to see.
I want to add specific weekly levels to this, for example: week 06 of year 2020, but I've not figured out how to do it yet. If anyone knows, I'd appreciate it if you let me know. I'll then update this script.
As always, any questions you may have, please leave in comments below and I'll respond when I have time.
If you notice anything good with this indicator, let me know. We are all in this to make money after all! ;)
Relative Strength(RSMK) + Perks - Markos KatsanosIf you are desperately looking for a novel RSI, this isn't that. This is another lesser known novel species of indicator. Hot off the press, in multiple stunning color schemes, I present my version of "Relative Strength (RSMK)" employing PSv4.0, originally formulated by Markos Katsanos for TASC - March 2020 Traders Tips. This indicator is used to compare performance of an asset to a market index of your choosing. I included the S&P 500 index along side the Dow Jones and the NASDAQ indices selectively by an input() in "Settings". You may comparatively analyze other global market indices by adapting the code, if you are skilled enough in Pine to do so.
With this contribution to the Tradingview community, also included is MY twin algorithmic formulation of "Comparative Relative Strength" as a supplementary companion indicator. They are eerily similar, so I decided to include it. You may easily disable my algorithm within the indicator "Settings". I do hope you may find both of them useful. Configurations are displayed above in multiple scenarios that should be suitable for most traders.
As always, I have included advanced Pine programming techniques that conform to proper "Pine Etiquette". For those of you who are newcomers to Pine Script, this script may also help you understand advanced programming techniques in Pine and how they may be utilized in a most effective manner. Utilizing the "Power of Pine", I included the maximum amount of features I could surmise in an ultra small yet powerful package, being less than a 60 line implementation at initial release.
Unfortunately, there are so many Pine mastery techniques included, I don't have time to write about all of them. I will have to let you discover them for yourself, excluding the following Pine "Tricks and Tips" described next. Of notable mention with this release, I have "overwritten" the Pine built-in function ema(). You may overwrite other built-in functions too. If you weren't aware of this Pine capability, you now know! Just heed caution when doing so to ensure your replacement algorithms are 100% sound. My ema() will also accept a floating point number for the period having ultimate adjustability. Yep, you heard all of that properly. Pine is becoming more impressive than `impressive` was originally thought of...
Features List Includes:
Dark Background - Easily disabled in indicator Settings->Style for "Light" charts or with Pine commenting
AND much, much more... You have the source!
The comments section below is solely just for commenting and other remarks, ideas, compliments, etc... regarding only this indicator, not others. When available time provides itself, I will consider your inquiries, thoughts, and concepts presented below in the comments section, should you have any questions or comments regarding this indicator. When my indicators achieve more prevalent use by TV members, I may implement more ideas when they present themselves as worthy additions. As always, "Like" it if you simply just like it with a proper thumbs up, and also return to my scripts list occasionally for additional postings. Have a profitable future everyone!
VWAP TF-Aware===========================================================
8/Feb/2020 02:57 PM AUTHOR: Brandon Gum
-
DESCRIPTION:
This is a timeframe aware VWAP indicator. The built-in VWAP indicator was changed in late 2019 which resulted in it no longer being restricted to low timeframes. As a result the indicator would plot on higher timeframe charts and create "noise" between candles.
This Version of vwap only displays vwap on 30 minute and below times frames.
===========================================================
sma dipsparity and sdvFXBTCJPY 1min contrarian script (2020/1/30)
1分足の逆張りです．
If you want to use other timescale, need to change disparity rate and sdv.
To display disparity(sma) and standard deviation, and to draw a hline(pine function) a certain valu. And lets think. I thought disparity rate 1~1.3 or -1~-1.3 are able to use constrarian trade (and sdv>600).
In bottom, disparity index is auxiliary. It is different from the multiple in the script to make the value easier to understand.
Sorry if the expiration date of the script has expired.
[e2] Reflex & TrendflexNew Indicator from John F. Ehlers issued in the February 2020 Technical Analysis of Stocks and Commodities article "Reflex: A New Zero-Lag Indicator"
This indicator includes both studies described in the article and intend to significantly reduce the lag of the signal compared to other oscillators.
Reflex for the cycle component and is more sensitive to major reversals, Trendflex for the trend component.
Pivot Max range as the borders for top and bottom reading of the indicators (the script will plot separate borders for both components) and divergences were added.
Divergence function is the interpretation of built-in divergence script, optimized the code and added option to show real-time divs (without offset), all credits to ...)
daily*tip: I must say that very quickly I began to realize how fragmented and imperfectly modern economic knowledge is and how little can be taken from fundamental science in terms of practical recipes. (c) Andrey Movchan.
stay safe ;)
Bitcoin Halving CountdownHello traders,
I offer you today the BTC halving countdown updated in real-time on your charts
I inspired myself greatly from the gentleman @everget's script LTC halving countdown below
(
The countdown date is coming from that source www.bitcoinblockhalf.com.
The halving date is estimated to be around May 13th, 2020 .
That date is hardcoded in the script and is used for the countdown calculation.
The Bitcoin block mining reward halves every 210,000 blocks, the coin reward will decrease from 12.5 to 6.25 coins.
Enjoy the weekend
Dave
Voss Strategy (Filter + Trend Indicator) [Bitduke]Created strategy based on Voss Predictive Filter, implemented by TradingView user e2e4mfck.
Voss Predictive Filter
This is a relatively new filter from John F. Ehlers’ article, “A Peek Into The Future .” Ehlers describes the calculation of a new filter that could help signal cyclical turning points in markets.
But filter has a negative group delay and while an indicator based on it cannot actually see into the future, it may provide the trader with signals in advance of other indicators.
In mentioned article he tested filter on SPY and at one point in time "it went into a trend mode in January 2019, and the cycle signal failed miserably, signaling a short position during the runup. <...> The only way to minimize the impact of this condition is to employ an additional trend detector."
Thus I've added another Ehlers' based trend based indicator Instantaneous Trendline (thanks to LazyBear for implementation) to minimize the impact of the trend mode and got a good results on XBTUSD pair 4h.
Backtest :
> Range: 2016 - 2020
> XBTUSD
> 4h
> ~20% drawdown
> Sharpe (0.361, not too impressive)
I think it can be improved with Risk Management system and experimenting with various trend following indicators.
Leavitt Convolution & Acceleration by CryptorhythmsLeavitt Projection, Convolution, & Acceleration by Cryptorhythms
Intro
Bringing you another open source Gem this time from the January 2020 Issue of TASC.
Description
In the article in the Oct 2019 TASC issue titled "An interplanetary marriage" author Jay Leavitt describes the evolution process required in strategy design by introducing his Mars strategy. This grew out of concepts presented in his earlier TASC articles such as the stratosphere, moon rocket, and tech emini strategies. This dual indicator uses a linear regression of price data to help derive slope and acceleration information, in turn helping him to identify trends and trend turning points.
Additions
As usual a few useful extras are included such as a rudimentary signaling system, bar coloration by trade state, overbought/oversold areas to assist in algorithmic setups, and more!
👍 We hope you enjoyed this indicator and find it useful! We post free crypto analysis, strategies and indicators regularly. This is our 71st script on Tradingview!
💬Check my Signature for other information
Leavitt Convolutions Multicator - Jay Leavitt, Ph.D.Hot off the press, I present this next generation "Leavitt Convolutions Multicator" employing PSv4.0, originally formulated by Jay Leavitt, Ph.D. for TASC - January 2020 Traders Tips. Basically it's an all-in-one combination of three Leavitt indicators. This triplet indicator, being less than a 60 line implementation at initial release, is a heavily modified version of the original indicator using novel techniques, surpassing Leavitt's original intended design.
Utilizing the "Power of Pine", I included the maximum amount of features I could surmise in an ultra small yet powerful package. Configurations are displayed above in multiple scenarios that should be suitable for most traders.
Features List Includes:
Dark Background - Easily disabled in indicator Settings->Style for "Light" charts or with Pine commenting
AND much, much more... You have the source!
For those of you who are new to Pine Script, this script may also help you understand advanced programming techniques in Pine and how they may be utilized in a most effective manner. Most notably, the script shows how to potentially combine three indicators in one with Pine. This is commonly what my dense intricate code looks like behind the veil, and if you are wondering why there is no notes, that's because the notation is in the variable naming.
The comments section below is solely just for commenting and other remarks, ideas, compliments, etc... regarding only this indicator, not others. When available time provides itself, I will consider your inquiries, thoughts, and concepts presented below in the comments section, should you have any questions or comments regarding this indicator. When my indicators achieve more prevalent use by TV members, I may implement more ideas when they present themselves as worthy additions. As always, "Like" it if you simply just like it with a proper thumbs up, and also return to my scripts list occasionally for additional postings. Have a profitable future everyone!
Saturn–Pluto Cycle
Indicator colors background of the chart in the following way:
Saturn - Pluto Cycle in conjunction: Blue
Saturn - Pluto Cycle in opposition: Yellow
While opposition periods are indicated according to the actual date ranges an opposition occurs, conjunctions last only for one day.
Conjunctions indicated with this indicator mark a period around the actual conjunction date.
The actual date a conjunction occurs is indicated in the script.
Following the dates which were considered for this indicator:
Dates of Saturn–Pluto Conjunctions
October 5, 1914 at 2° Cancer (recurrence on May 20, 1915)
August 11, 1947 at 13° Leo
November 8, 1982 at 27° Libra
January 12, 2020 at 22° Capricorn
Dates of Saturn–Pluto Oppositions
February 17, 1931 – December 13, 1931 at 19°–21° Capricorn–Cancer (conjunct their respective North and South Nodes)
April 23, 1965 – February 20, 1966 at 14°–17° Pisces–Virgo
August 5, 2001 – May 26, 2002 at 12°–16° Gemini–Sagittarius (conjunct the lunar nodes)
Wall Street Cheat Sheet - Live and Death RunHi,
This script was inspired by Wall Street Cheat Sheet and a video published by "Gold 2020 Forecast" www.youtube.com .
I was trying to check if what the video claims as a unique pattern is true.
It looks like - either my script is rubbish (which might be as it's one of my first scripts in this programming environment) or this pattern it's not identified correctly.
In general this script should idnetify the euphoria phase on the market (1 or 2 down candels followed by 6 to 8 up) or the end of the depression (1 or 2 up followed by 6 to 8 down).
In my opinion those conditions do not determine and identify market phases correctly.
