Description

1. Bitcoin ETFs Indicator

Overview:

The “Bitcoin ETFs Indicator” is a custom script written in Pine Script, designed for use on the TradingView platform. Created by Rodopa Capital, this indicator focuses on analysing various Bitcoin-related Exchange Traded Funds (ETFs) to provide insights into their collective impact on the market.

Key Features:

1. Tickers Selection:
   • The script is configured to track a selection of Bitcoin ETFs, including but not limited to COINBASE:BTCUSD, AMEX:BITB, AMEX:HODL, and others.
2. Data Retrieval:
   • Utilizes TradingView’s request.security function to retrieve price and volume data for each specified ETF.
3. Calculations:
   • Computes moving averages for both volume and average price of each ETF, providing a historical context.
4. Turnover Analysis:
   • Calculates the previous day turnover in USD for the selected ETFs, offering a comprehensive view of the market activity.
5. ETF Weight Calculation:
   • Determines the weight of each ETF in the total turnover, providing insights into their relative impact on the market.
6. Price Auction Analysis:
   • Estimates the ETFs’ collective impact on the market price, with a focus on the difference between the calculated price and the actual Bitcoin price.
7. Visualizations:
   • Presents visualizations such as histograms and line charts to represent various data points, including price difference, ETF price pressure, and total ETF volume in USD.
8. Color-Coded Insights:
   • Utilizes color-coded visualizations to quickly highlight market conditions, such as red for negative price difference and green for positive volume.

Usage:

Traders and investors can use the Bitcoin ETFs Indicator to gain a deeper understanding of the collective impact of Bitcoin ETFs on the market. The visualizations and insights provided by this indicator can assist in making more informed trading decisions.

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2.Bitcoin Miners Indicator

Overview:

The “Bitcoin Miners Indicator” is a custom script written in Pine Script for the TradingView platform. Developed by rodopacapital, this indicator focuses on assessing the collective impact of various Bitcoin mining-related stocks. It provides insights into the miners’ influence on the market by analysing a curated list of mining-related tickers.

Key Features:

1. Ticker Selection:
   • The script tracks a selection of prominent Bitcoin mining-related stocks, including but not limited to NASDAQ:MSTR, NASDAQ:HUT, NASDAQ:RIOT, and others.
2. Data Retrieval:
   • Utilizes TradingView’s request.security function to fetch real-time price data for Bitcoin and each specified mining-related stock.
3. Calculations:
   • Computes moving averages for both volume and average price of each mining-related stock, offering historical context.
4. Turnover Analysis:
   • Calculates the previous day turnover in USD for the selected mining-related stocks, providing an overview of market activity.
5. Mining Stocks Weight Calculation:
   • Determines the weight of each mining-related stock in the total turnover, offering insights into their relative impact on the market.
6. Price Auction Analysis:
   • Estimates the collective impact of mining-related stocks on the market price. It focuses on the difference between the calculated price and the actual Bitcoin price.
7. Visualizations:
   • Presents visualizations such as histograms and line charts to represent various data points, including price difference, Bitcoin miners’ price pressure, and total Bitcoin miners’ volume in USD.
8. Color-Coded Insights:
   • Utilizes color-coded visualizations to quickly highlight market conditions. For example, red for negative price difference and green for positive volume.

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3. Crypto Money Rotations Indicator

Overview:

The “Crypto Money Rotations” indicator is designed to analyse the cumulative returns of various cryptocurrencies and the total crypto market cap. Developed by rodopacapital, this indicator provides insights into the rotational movements of money within the cryptocurrency market.

Key Features:

• Flattening Period: Adjustable parameter to control the smoothing effect of the indicator.
• Returns Lookback Period: Configurable parameter determining the historical period for calculating cumulative returns.

Calculation:

The indicator calculates the cumulative returns for stablecoins and individual cryptocurrencies, including BTC, ETH, BNB, SOL, XRP, ADA, DOGE, AVAX, TRX, LINK, DOT, MATIC, SHIB, LTC, ICP, BCH, LEO, UNI, ATOM, ETC, XLM, INJ, XMR, NEAR, FIL, MKR, and VET.

Analysis:

1. Cumulative Market Returns: Displays the cumulative returns of the entire crypto market, providing an overall view.
2. Average Positive Returns: Computes the average positive returns across the selected cryptocurrencies.
3. Average Negative Returns: Calculates the average negative returns to identify potential downtrends.

Plotting Conditions:

• Stablecoins are highlighted if their cumulative returns surpass the average positive returns or fall below the average negative returns.
• Individual cryptocurrencies are plotted based on their cumulative returns compared to the average positive and negative returns.

Visualization:

The indicator visualizes the cumulative returns of stablecoins and individual cryptocurrencies, helping traders identify trends, potential rotations, and market sentiment.

How to install indicator in Trading View?