Strategy
Indicator
Strategy
Simple and efficient MACD crypto strategy with risk managementToday I am glad to bring you another great creation suited for crypto markets.
MARKET
Its a simple and efficient strategy, designed for crypto markets( btcusd , btcusdt and so on), and suited for for higher time charts : like 1hour, 4hours, 1 day and so on.
Preferably to use 1h time charts.
COMPONENTS
MACD with simple moving average
ENTRY DESCRIPTION
For entries we have :
We check the direction with MACD . Depending if its an uptrend and positive level on histogram of MACD we go long, otherwise we go short.
RISK MANAGEMENT
In this strategy we use a stop loss based on our equity. For this example I choosed a 2% risk .That means if our account has 100.000 eur, it will automatically close the trade if we lose 2.000.
We dont use a take profit level.
In this example also we use a 100.000 capital account, risking 5% on each trade, but since its underleveraged, we only use 5000 of that ammount on every trade. With leveraged it can be achieved better profits and of course at the same time we will encounter bigger losses.
The comission applied is 5$ and a slippage of 5 points aswell added.
For any questions or suggestions regarding the script , please let me know. Strategy
Dynamic Dots Dashboard (a Cloud/ZLEMA Composite)The purpose of this indicator is to provide an easy-to-read binary dashboard of where the current price is relative to key dynamic supports and resistances. The concept is simple, if a dynamic s/r is currently acting as a resistance, the indicator plots a dot above the histogram in the red box. If a dynamic s/r is acting as support, a dot is plotted in the green box below.
There are some additional features, but the dot graphs are king.
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KEY:
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Currently the dynamic s/r's being used in the dot plots are:
Ichimoku Cloud:
Tenkan (blue)
Kijun (pink)
Senkou A (red)
Senkou B (green)
ZLEMA (Zero Lag Exponential Moving Average)
99 ZLEMA (lavender)
200 ZLEMA (salmon)
You'll see a dashed line through the middle of the resistances section (red) and supports section (green). Cloud indicators are plotted above the dashed line, and ZLEMA's are below.
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How it Works - Visual
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As stated in the intro - if a dynamic s/r is currently above the current price and acting as a resistance, the indicator plots a dot above the histogram in the red box. If a dynamic s/r is acting as support, a dot is plotted in the green box below. Additionally, there is an optional histogram (default is on) that will further visualize this relationship. The histogram is a simple summation of the resistances above and the supports below.
Here's a visual to assist with what that means. This chart includes all of those dynamic s/r's in the dynamic dot dashboard (the on-chart parts are individually added, not part of this tool).
You can see that as a dynamic support is lost, the corresponding dot is moved from the supports section at the bottom (green), to the resistances section at the top (red). The opposite being true as resistances are being overtaken (broken resistances are moved to the support section (red)). You can see that the raw chart is just... a mess. Which kinda of accentuates one of the key goals of this indicator: to get all that dynamic support info without a mess of a chart like that.
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How To Use It
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There are a lot of ways to use this information, but the most notable of which is to detect shifts in the market cycle.
For this example, take a look at the dynamic s/r dots in the resistances category (red background). You can see clearly that there are distinctive blocks of high density dots that have clear beginnings and ends. When we transition from a high density of dots to none in resistances, that means we are flipping them as support and entering a bull cycle. On the other hand, when we go from low density of dots as resistances to high density, we're pivoting to a bear cycle. Easy as that, you can quickly detect when market cycles are beginning or ending.
Alternatively, you can add your preferred linear SR's, fibs, etc. to the chart and quickly glance at the dashboard to gauge how dynamic SR's may be contributing to the risk of your trade.
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Who It's For
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New traders: by looking at dot density alone, you can use Dot Dynamics to spot transitionary phases in market cycles.
Experienced traders: keep your charts clean and the information easy to digest.
Developers: I created this originally as a starting point for more complex algos I'm working on. One algo is reading this dot dashboard and taking a position size relative to the s/r's above and below. Another cloud algo is using the results as inputs to spot good setups.
Colored Bars
There is an option (off by default, shown in the headline image above) to fill the bar colors based on how many dynamic s/r's are above or below the current price. This can make things easier for some users, confusing for others. I defaulted them to off as I don't want colors to confuse the primary value proposition of the indicators, which is the dot heat map. You can turn on colored bars in the settings.
One thing to note with the colored bars: they plot the color purely by the dot densities. Random spikes in the gradient colors (i.e. red to lime or green) can be a useful thing to notice, as they commonly occur at places where the price is bouncing between dynamic s/r's and can indicate a paradigm shift in the market cycle.
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Timeframes and Assets
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This can be used effectively on all assets (stocks, crypto, forex, etc) and all time frames. As always with any indicator, the higher TF's are generally respected more than lower TF's.
Thanks for checking it out! I've been trading crypto for years and am just now beginning to publish my ideas, secret-sauce scripts and handy tools (like this one). If you enjoyed this indicator and would like to see more, a like and a follow is greatly appreciated 😁.
Indicator
Indicator
DePriExchange weighted price for cryptocurrencies
DECENTRALIZED PRICE CHART FOR DECENTRALIZED WORLD
See non-manipulated , globally price action that comes from whole liquidity!
The main idea behind this script is that...
The value of each trading pair finally determined globally and the price displayed in exchanges is its own and not global! differences between exchanges, reduced to near zero gradually by market makers and arbitrages, so..
Every min tick price changes Must be backed by liquidity to be part of the global fluctuations
more liquidity gives it more credibility
more credibility give it more weight
..Against opposing movements.
This script can collect price of crypto pairs from 12 exchanges that listed on TV and have effective volume.
In the first step, summarizes the volume of all exchanges and creates the total volume
In the next step, divide each exchange volume to total volume to obtain relative weight of each exchange.
In the final step, multiply each exchange price to weight of itself and summarizes these numbers .. now, we have Exchange weighted price!
The results on high liquidity pairs like BTCUSDT, ETHUSDT, is not much differ then simple chart but when you apply it on lower liquidity, lower time frames of altcoins, you realize its benefits and usefulness. Altcoins chart in composite and simple mode is very differ, I hope you enjoy from TRUE CHART.
With this, also you can..
Filter and smooth candlestick chart with SMA or EMA
Plot a line chart of pair at your desired frame separate from the main chart for monitor important price levels
Get realtime report of whole volume of pair on included exchanges
Get realtime report of each exchange weight and share
Note.1:
some of pairs queted on more than one like BTCUSD, BTCUSDT, BTCUSDC and etc. In this pairs we choose the one that usually has more volume on that exchange.
Note.2:
At this time, supported queted currencies are BTC, ETH, USD, USDT, BUSD, USDC, USDK.
Note.3:
This script is relatively heavy! This is not cuz of bad coding.
Each bar compution contains at least one plot and some of security calls, so 10 to 15 seconds is normal load time.
Note.4:
You can combine this with your price action base scripts and use balanced OHLCV. The necessary explanations about this are available in the code.
Note.5:
You must only include exchanges that support your ticker, Otherwise you will receive an error.
I hope it comes useful to you.
Indicator
Strategy
Indicator
Crypto USD VolumeOften times I need to check the volume in cryptocurrency exchanges and I find myself checking which type of volume I am looking at, I need to manually make sense what the data is and converting it into USD volume which I end up going to CoinMarketCap website to verify whether my calculation is right.
Today I thought it was about time I created an automatic way to find the volume in USD Dollars. This is what this script does.
1 - It removes the base currency from the symbol (e.g., "BTCUSD", it would remove "BTC", leaving us with the "USD" part.). This is important because it helps us identify the currency the pair uses.
2 - It has different pair's variables, each is given a specific currency that the final volume is calculated from. (BTC, ETH, BNB and USD are the default currencies, for other ones, it must be added manually).
This works with all crypto symbols that include BTC, ETH, BNB and USD as currencies. If you modify it, please make sure to compare data with the exchange's one. Indicator
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Crypto Margin Trading ConsensusThis is an indicator of the consensus of traders in the crypto market. It examines the number of short and long positions on several currencies (BTC, ETH, XRP, LTC, XMR, EOS and others) on each bar.
Sometimes traders are in consensus and they are right (enter long and the currencies rise, or enter the short and the currencies decrease) other times, although they are in consensus, it can happen that the market behaves exactly the opposite. Some signals are good, some are not (as with any other indicator, unfortunately).
Because it uses data about multiple currencies, it is a market breadth indicator - it does not refer to One currency, but to several important currencies in the crypto market, simultaneously (calculates based on information about several currencies). That's why it loads SLOWLY - it can take up to 60 seconds to appear.
If a multi-currency trader bar goes LONG (meaning they agree that it should be long), it displays a green upward-facing arrow, otherwise, if there is a consensus that it should be short, it displays a downward arrow.
I hope it will be of some use to you Indicator
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