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BTI

Bitcoin Trend Indicator█  Overview The Trend Indicator script is designed to help traders identify the direction and strength of momentum in the price of a digital asset. By using historical price data, it calculates and provides daily signals indicating whether the asset is in an uptrend, downtrend, or no trend at all. The script can be applied to various cryptocurrencies, such as Bitcoin and Ether, using their respective price charts. █  Key Concepts and Calculation Methodology For calculations, the script uses the 180 most recent candles. The Trend Indicator is calculated based on four moving average pairs (MAPs), which compare shorter-term and longer-term moving averages of the asset's price. The moving averages are exponentially weighted, meaning more recent prices have a greater impact on the average than older prices. The half-life of the moving averages determines the weight decay. The script uses the following moving average pairs: 1-day vs. 5-day 2.5-day vs. 10-day 5-day vs. 20-day 10-day vs. 40-day █  Calculation Steps Exponentially Weighted Moving Averages (EWMA): Each moving average is calculated using an exponential decay factor and a normalization factor to adjust for the fixed window of 180 observations. Component Inputs: For each moving average pair, the script compares the shorter-term moving average to the longer-term moving average. If the shorter-term average is greater than or equal to the longer-term average, the component input is +1 (indicating an uptrend). If it is less, the input is -1 (indicating a downtrend). Trend Indicator Value: The script averages the four component inputs to produce a final value ranging from -1 to +1, representing the trend's direction and strength: +1: Significant uptrend +0.5: Uptrend 0: No trend -0.5: Downtrend -1: Significant downtrend █  Learn More For more information about the Bitcoin Trend Indicator and other trading tools, please visit my TradingView profile. Feel free to reach out with any questions or feedback.
Pine Script™ indicator
by cyatophilum
BEST Algo HeatmapHello traders How to access? Offered to all the current customers To be used alongside the BTI Algo Global script. Heatmap This heatmap screens the BTI Algo Global signals across different timeframes. The screened timeframes are for now: m1/m2/m5/m15/m30/H1/H2/H4/H8/Daily The trends are based on the triangle primary signals Limitations - I could only access the last 20K loaded candles, then you might see a blank case for the screened high timeframes when you're loading the screener on a low timeframe chart. Example: a 1-minute chart with the screener might struggle sometimes to display the 4H/8H/Daily data - What to do then? I found a hack. Just load the chart on a much higher timeframe and you should be able to see the latest timeframes from the heatmap If any questions, please let me know Dave
Pine Script™ indicator
by Daveatt
15
Bull Trend Indicator with Buy Signal on Chart (BTI wbs)Bull Trend Indicator with Buy Signal on Chart (BTI wbs) Purpose: - With so many coins/stocks to choose from, which ones do you buy to get profits ($) ? Enter BTI, you can use this indicator to find coins/stocks that have high chance of being profitable. The indicator finds potentially profitable coins/stocks and signals "buy"on the chart when it does. Best way to test this indicator is to load the top coins of the day and see how the indicator performs on past data. Emails/alerts can also be set on your favorite coins so that you get alerted/receive emails when its time to buy. Some notes: this is a minor modification of the original Bull Trend indicator with clear "buy" text added to plot on chart - indicator is for crypto and stocks - attempts to find bullish coins/stocks that will give maximum profits - only produces buy signal on chart when the program estimates it will be bullish - test this against the top coins of the day to see how it works, you will see recent buy signals which gives you time to buy - test this against worst coins of the day and you will see there are no buy signals generated on down days which avoids buying - test this against best performing stocks of the year and you will see plenty of buy signals to get profit - play around with the time frames (usually 1hr, 2hr works for crypto, experiment with time) - the shorter the timeframe used the more reliable is the calculation, but the disadvantage is it could be too late to buy so try to get a balance timing and accuracy - for stocks could use longer time frame (usually 1 day) - if the indicator does not plot, that means data is insufficient to do the calculations, so lower the timeframe until you get plots - sorry by subscription only, message me if interested - limited free trials
Pine Script™ indicator
by Pinkypie20A
8