TTP Cerberus
It offers 4 different signals that intent to find market bottoms or tops based on the flow of funds moving from alts into stable coin.
The signals are triggered when the calculation reaches the top and bottom user defined thresholds.
Signals:
1) Warning sell: the most accurate signal that can be used as a serious caution that the market might dump soon. In the total backtesting history it's got a 90% accuracy. It's displayed as a yellow vertical line on the top of the chart.
2) Sell or "confirmation" sell. This is plotted as red vertical line on the top area of the chart. It confirms that the dump has started.
3) Warning buy. This signal is also plotted in yellow but in the bottom of the chart and indicates that the price might potentially have bottomed locally. It is not recommended to be used during bear markets. On bull runs it offers high accuracy.
4) Buy signal, this signal confirms that the waning buy is potentially on its way to higher highs. Just like the warning buy it tends to perform very good on bull markets and shouldn't be considered during bear markets.
By default the indicator uses TOTAL as the total market cap in crypto. Alternatively you can select TOTAL2 or TOTAL3 and compare results.
The total market cap for stable coins is calculated as the sum of USDT, USDC and DAI.
I personally use this indicator ONLY in the weekly timeframe as that's where I see the most reliable results.
It offers separated alerts for each individual signal.
How I plan to use it? I'm personally planning to use the warning sell signal on the weekly as a potential high risk caution flag for the crypto market.
- Separated threshold for golden sell
- Now the indicator is backtestable using TTPTSL, Gavins DCA backtester, etc
- Solved issue that was preventing to edit the color of the indicator causing issues to users on light theme charts.
Labels and background colours now can be both active at the same time.
BUSD market cap included as total sum of stable cap.
This should help future proof the performance since many people are flipping USDT to BUSD.
Modified the golden top to only 88 instead of 99, this now helps flagging 100% tops together with the addition of BUSD cap.
Added FDUSD and USDD.
I wasn't able to find a source for the market cap of TUSD and Ethena USDe which currently have actually larger cap than USDD.
If they get listed feel free to add it manually via the Cerberus script settings menu.
Signals from Cerberus didn't seem to change much when looking at the most recent ones.
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Author's instructions
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thetradingparrot.com
Disclaimer
Invite-only script
Only users authorized by the author have access to this script, and this usually requires payment. You can add the script to your favorites, but you will only be able to use it after requesting permission and obtaining it from its author — learn more here. For more details, follow the author's instructions below or contact TheTradingParrot directly.
TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.
Author's instructions
Warning: please read our guide for invite-only scripts before requesting access.
thetradingparrot.com