Buying during Miner Capitulation yields wonderful returns.
The best buy signals occur on Hash Rate "recovery", and when price momentum is also positive.
Historically, this strategy has yielded average returns to cycle peak of >5000%, with max Drawdown of -15%.
Follow me to learn more about this indicator.
リリースノート
Updated shape titles.
リリースノート
Cleaned up chart/code. No technical changes.
リリースノート
More chart formatting for clarity on "light" TradingView theme.
No technical changes.
リリースノート
Release Notes: Update v1.1
All prior calculation logic remains unchanged.
This Update includes:
Fix of re-painting issue on live data. This stop false alerts before the daily bar has closed. On live data, yesterday’s Hash Rates will be used regardless of the Bitcoin ticker symbol you are looking at.
Addition of multi-time-frame management. This now gives you the ability to use this indicator on any time-frame (Minutely, Hourly, Daily) and always know you are looking at the Hash rate values from yesterday's close.
Enjoy!
リリースノート
Added optional Hash Rate "Growth" Oscillator.
To use, change the indicator setting "Plot Type" to "Oscillator".
For more information, see my TradingView "Idea": "Miner Confusion? An Unusual State in Hash Rate Growth"
リリースノート
Added "Capitulation" and "Recovery" text to plot
リリースノート
Added chart "alerts" for easier notification
Added chart shape "titles"
Minor chart formatting tweaks
No calculation changes
リリースノート
Added notes in code explaining how to use the "Spring" (copied below)
Added option to display raw Hash Rate
Fixed minor bug where 1 blue circle in 2012 didn't appear on the chart
The "Spring" is the confirmed Miner Capitulation period: - The 1st "gray" circle is the start of Capitulation (1 month Hash Rate crosses UNDER 2 month Hash Rate) - Last "green" circle is the end of Capitulation (1 month Hash Rate crosses OVER 2 month Hash Rate) - The "greener" the spring gets (up until blue) represents Hash Rate recovery (it is increasing) - The "blue" circle is the first instance of positive momentum following recovery of Hash Rate (1m HR > 2m HR). This is historically a rewarding place to buy with limited downside.
リリースノート
Small fix for intra-day time frame management.
リリースノート
Minor code tweak.
リリースノート
Minor code optimization - no logic change.
リリースノート
Updated projected date for the 3rd halving in May 2020.
リリースノート
sourcing
リリースノート
Sourcing update
リリースノート
Updated script to use "Into the block" datasource given Nasdaq data hasn't updated in a month.