BTC Top and Bottom PickerBTC Top and Bottom Picker
This study predicts BTC tops and bottoms using Bitstamp's daily close data/
It is based on Philip Swift's The Golden Ratio Multiplier post on Medium
In a nutshell:
The top is calculated when 111 daily SMA crossing 350 daily SMA
The bottom is calculated by dividing 350 daily SMA by 1.4
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TOP-6
Tops & Bottoms FinderIntroduction
I already shared a method to estimate tops and bottoms (1), the number of parameters could lead to optimization issues so i tried to make a simpler method. In this method i use a simple rescaling method based on individual direction deviation. I will explain further details below.
The Indicator
I use as source for the entire calculation an exponential moving average, the first reaction to this choice would be to think that i wanted to filter signals in order to reduce them, but the truth is that i wanted to have more signals instead, this is because the first calculations involving standard deviations are based on price direction, so by using a smooth input we can get more persistent values in a and b , but its totally up to you to use whatever you want in a , just take into account that less smooth = less signals, this is why i used this calculation process.
a = close and length = 7
a = least squares moving average and length = 25
So you could use pretty much everything you want as input.
Conclusion
The accuracy of such indicators is still relatively low but i presented a way to estimate tops and bottoms without using highest/lowest or differencing thus creating a totally new approach. I encourage you to experiment with it and share your results. If you learned something with this post then i'am happy :)
Notes
Based on several complaints i will have to leave even sooner, i think the 7 of June will be a good day, so if you need something i encourage you to ask me now. With the hope you can understand.
Thanks for reading !
(1)
Double Top Pattern IdentifierI believe the most of users know the Double Top Pattern, so I omit the introduction.
The algorithm uses 10 internal watchers to identify the incomplete M-pattern. If any of the watchers finds the pattern, the signal will be plotted on the chart. You can customize the lookback periods for the watchers as well as you can specify the precision of the difference between two possible tops.
By default, all watchers wait for bar closing to avoid repainting issues. You can switch off this option.
Additionally, you can shift up/down the signal labels to the preferred distance.
NOTE: the orange straight lines are not included.
(JS) Tip-and-Dip OscillatorLet me start by saying I know that the name is goofy lol
This is an oscillator that that looks at price action vs. standard deviation in order to illustrate the trend. This thing looks like an Awesome Oscillator but the math behind this and the Awesome Oscillator are totally different (which is pretty interesting, given they look a lot alike). I included the Awesome Oscillator on the chart here so you can look at them and see where they are different.
So the Tip-and Dip Oscillator is meant to help you pinpoint tops and bottoms. I even added arrows where the top and bottom signals are given.
The oscillator itself has 3 colors, an up, down, and neutral color that come as green, red, and yellow. Since the readings given by the oscillator can greatly vary depending on the chart resolution, I included an option to edit the range to fit your chart.
Also - I have 4 different smoothing options that you can use depending on what your preference is. The default setting is the most sensitive so it will identify tops and bottoms more frequently, but it is the most accurate when pinpointing the correct reversal candle. As you smooth it out, the arrows will appear less, but my be slightly delayed and give a later reading. I personally prefer the default, but going up to the second setting in smoothing works nicely as well.
Enjoy!
Spectral Range™ by HypesterThe Hypester team strikes again!
Picking tops & bottoms is a real art for any retail trader. It's just like scoring the perfect goal when you get the maximum profit from your trades. It's the difference between an excellent trade and just another trade in your system. It's that last edge you start to seek once you found your profitable strategy.
That's what the Spectral Range™ algorithm does for you - it shows you where all the likely tops/bottoms are . It mixes the famous machine learning Spectro™ technology with cutting edge statistical anomaly detection.
Since all the hard math is done for you, it's deploy and trade. Spectral Range™ will easily tell you when the range of the movement is far out of the normal, healthy and expected movement.
The height of the bar will tell you how aggressive is the anomaly and consequently its correction, plus an extra layer of confirmation with the little warning signs that should be used together for a more conservative approach.
It's really that simple, what are you waiting for?
MarketReader[ENG] DARK THEMEMarket Reader is a very sophisticated indicator giving you:
-BUY and SELL Opportunities
-Key supports and resistances where the market will react
-Early detection of RANGE before the contact with the top or the bottom of the range, it will also give you the target of the top and the bottom of the range
-Pattern of smartmoney activities, giving you signal that smart money is moving at this level of price
You will also found my complete strategy on my Youtube Channel
Enjoy
Utilization requires subscription
HARD Top/Bottom SeekerSame settings used on all timeframes, all graphs, no tuning done at all (apart from simply choosing the timeframe).
PM for buying/renting the script. The rented script will be a copy of this logic, but an indicator and have alert conditions added on the S and B (orange and green).
Written in pinescript v3, no repainting, no TSL abuse, etc.
Works pretty well on all crypto, but does produce early signals, thus you may exit before the trend has ended.
Works especially good when 2 or more timeframes all giving the signal in the same price/time region.
Suggested timeframes: 5 mins, 1 hr, 3 hrs, 6 hrs, 12 hrs, 1 day.
Disclaimer: better examples selected here, the script DOES produce worse, EARLY/false positive signals, especially when a stronger trend is happening on the bigger timeframe than the script is used (to see those worse signals you can just move the graphs back in this publication).
Scalp God (top and bottom finder) (SATURN)I am very happy to present the Tradingview community the first of my new line of powerful indicators.
This is the SCALP GOD. It will clearly label market tops and bottoms for you, if you are scalping and looking to open or close a position this indicator will mark the local highs and lows for you. Or if you are a swing trader this can also give good signals as this indicator works on any pair and any timeframe! When you see the chart turning green you know for sure that a market top is forming, if the chart is turning red you know for sure a market bottom is forming. It is sometimes the absolute top or bottom and sometimes just an important local top or bottom. PM me if you find a better top & bottom indicator because I am trying to make this better than everything out there.
It absolutely can not repaint under any circumstances.
There are a few inputs for you to think about here:
-First is the length, this just decides how many previous bars to consider, making it longer will focus on more historical information while making shorter will make it focus on what has recently happened. 12 seems to be a good value, but it's not as important as the next two options.
-Next is the threshold value, setting it very low will mean that signals will get triggered very quickly, while a higher threshold will take more movement to trigger.
-Last and most important is the sensitivity value. A lower value here will make the signals much more sensitive and therefore able to flip and trigger faster. A higher sensitivity value will make the signals less sensitive and harder to flip, meaning that it will only look for movements that agree with the longer term trend. This is great for swing traders and scalpers that go with the trend.
-There is also a smoothening option, this will make it so the signals don't come on and off so much. Sometimes this will not be good for timing, but other times it will be a more certain signal for traders specifically looking for where the top or bottom ends.
It gets better because I added several of these indicators into one script, so if there is a particular set of sensitivities and thresholds that you like you can look at them all on the same chart without opening so many copies of this. To turn on an additional copy just check the "Sensitivity # On" box.
Everyone can try this for free for 3 days and after that it will be 0.025 BTC for lifetime use and this will include all future updates to this project. This is Project Saturn and this is the first indicator from a new series of indicators that will be coming out over the next year.
Hopefully this makes a lot of you rich! I'm very excited to see all of the uses people make with it.
Happy trading & good health!
Market Reader [ENG]Market Reader is a very sophisticated indicator giving you:
-Pattern of take profit helping you to enter or exit your position
-Pattern of EXIT giving you the signal of market reversal (See on BTC)
-Key supports and resistances where the market will react
-Early detection of RANGE before the contact with the top or the bottom of the range, it will also give you the target of the top and the bottom of the range
-Pattern of institutional activities, giving you signal that smart money is moving at this level of price
You will also found my complete strategy on my youtube Channel (Market Reader)
Enjoy
1 month free trial 8ask on private message or in comment)
The 30 first subscriber will have a 50% discount
T-GOD TB&Trend OscillatorUsage:
Front side trading: In bumppy market. Use this oscillator to find the top and the bottom of the market. When the hist comes to green, you can find the market bottom by the lowest blue line. When the hist comes to red, the highest red line may help you to find the possible market top.
Back side trading: red line for long trend,blue line for short trend.
For reference only! !
top&bottomYou can find "Top&Bottom" on chart by this indicator. This is described by TMA theory.
I reccomend using this for scalping trade.
Crash Finder [OnurSelcuk] - Works on 30-120-240-D V.1This indicator helps you to find possible bottoms and tops. Works only 30-120-240-Daily pattern.
pipe_finder. Reversal Indicator for Pipe Top & Bottom Patterns.Simple indicator to find pipe bottom and top patterns.
Definition:
- Pipe Bottom:
- Positive Difference from Open and Close is greater than the average thickness of the last "x" candles multiplied by sensitivity "y"
- The previous candle is red and the current candle is green
- Trend Definition - (Trend for EMA length 'z" has a slope less than 0 or pointed downwards)
- The average of the current and previous candle's volume is greater than the average volume for the last "n" candles.
- Pipe Top:
- Positive Difference from Open and Close is greater than the average thickness of the last "x" candles multiplied by sensitivity "y"
- The previous candle is green and the current candle is red
- Trend Definition - (Trend for EMA length 'z" has a slope greater than 0 or pointed upwards)
- The average of the current and previous candle's volume is greater than the average volume for the last "n" candles.
Settings:
Sensitivity: How thick do the pipe candles have to be? (Greater sensitivity = more alerts)
Candle Thickness Average Period: The number of past candles used for measuring the average body size of candlestick.
Filter EMA Length: Length of the EMA used to filter between bull trends and bear trends.
Volume EMA Length: Length of the volume EMA.
PorcupineDisplays "spike days" by colouring the bars (Default: yellow for a Spike High and blue for a Spike Low)
Spike Day's definition taken from Jack D Schwager's Book: A Complete Guide to the Futures Market: Technical Analysis, Trading Systems, Fundamental Analysis, Options, Spreads, and Trading Principles
A spike is:
A wide difference between the spike high and the highs of the preceding and succeeding days.
A close near the low of the day's range.
A substantial price advance preceding the spike's formation.
The more extreme each of these conditions, the greater the likelihood that a spike high will prove to be an important relative high or even a major top.
(inverse is true for lows, basically)
Enjoy!
Melak's All In One indicator(AIO)This script the following indicators.
Support and Resistance (lines)
MACD Crossover (Crossing arrow under each candle where MACD crosses)
50, 100, 200 Simple Moving Averages (orange lines)
10, 20 Exponential Moving Averages (turquoise and pink lines)
Doji reversals (turquoise candles)
Inside Bar (white diamonds under each inside bar candle)
TD time indicator (numbers on top of candles)
RSI based trend follower
I'm a fan of "less is more". This indicator doesn't mess up your chart with lines, symbols, moving averages or such; it doesn't even add another oscillator in a separate window, letting you focus only on what is most important: price action. It will silently do its job by plotting an arrow (upward arrow for long triggers and downward arrow for short triggers).
It works really great with strong trending markets on higher time frames, so it gives its best on Stocks on a daily/weekly frame; consider it a long term trading indicator.
Double Top Chart Pattern detector with alert
Double top is a very common chart pattern, as its name indicates, it consists of two tops, and these two tops need to be in a relative flat price level. One of the top can't be much higher or lower than the other.
This indicator will detect and highlight double top pattern automatically on chart and alert you via SMS, email and sound.
Features:
Adjust the threshold between two tops.
Adjust the number of bars used to form each top.
Check if the first top is the highest in a given number of bars
Adjust the number of bars between two tops.
Switch of alert.
A detailed instruction will show you how to properly adjust each input.
It works on all timeframes and any symbol.
You can also load more than one with different inputs to get more results on chart.
MagnetSimple Indicator designed by me to check tops and bottoms, also helps to ride the trend, Indicator Tries to Get back at zero.
Tops/BottomsUsing Modified code from Lazybear's CVI 0.17% indicator and some logic, this script can help identify value buy and sell opportunities at a very early phase. Best used as a confirmation tool. This is a beta, so use it as such. Enjoy.
Sometimes "top" indications in an uptrend mean to look for an opportunity to add to position while "bottom" indications during a downtrend can represent the same thing. The trend is your friend, use it to your advantage!
Red star above bar == potential top
Green star below bar == potential bottom
MACD Divergence MultiTimeFrame [FantasticFox]This is a MACD divergence on 3 time-frames, 1h, 4h and 1D.
Please insert the indicator into a 1h chart, otherwise change the lengths' inputs.
you will see H1,H2, H3, R1, R2 and R3 in green and maroon colors.
H means hidden divergence, 1 regards to 1h, 2 to 4h, and 3 to 1D. If the color is green, its bullish, and if its maroon the divergence is bearish.
Gray circles on 4h macd is for those traders who want to check the confirmation on Elliott wave changes.
*Thanks to RicardoSantos MACD divergence.