ZenAlgo - Crypto TrendThe ZenAlgo - Crypto Trend indicator is a unique tool for analyzing cryptocurrency market trends, combining data from multiple sources such as BTC , ETH , market caps, dominance metrics, and the DXY index . Unlike standalone indicators, it integrates these data points to deliver actionable insights on macro and micro market movements, helping traders better navigate complex market conditions.
Features
Multi-Asset Trend Analysis: Monitors trends across BTC , ETH , USDT dominance , DXY , SOL , ETHBTC and total market caps ( TOTAL , TOTAL2 , TOTAL3 ), providing a holistic market view.
Dynamic Labels: Real-time market conditions are summarized with labels such as "FIRE SELL," "BTC UP," or "ALT PUMP" for instant clarity.
Customizable Display: Options for dark mode, text size, and table position allow traders to personalize their experience.
Market Sentiment Table: Summarizes trends and percentage changes for multiple assets in a structured, easy-to-read table.
Composite Signals: Identifies unique states like "Mega Boost" or "Outflow" by analyzing the interplay of market trends.
Enhanced Heikin Ashi Analysis: Applies Heikin Ashi trends in a broader context, combining them with other metrics to overcome standalone limitations.
ZenAlgo Theme: A visually distinct and professional theme for enhanced usability.
Added Value: Why Is This Indicator Original/Why Shall You Pay for This Indicator?
The ZenAlgo - Crypto Trend indicator transcends the limitations of free tools in several ways:
Integrated Insights: While Heikin Ashi is freely available, this indicator applies it in tandem with market dominance, total market caps, and macroeconomic indicators like the DXY . This integration creates composite signals (e.g., "Mega Boost," "Defi Mega Boost") that standalone Heikin Ashi cannot provide.
Advanced Contextualization: Free Heikin Ashi indicators lack contextual data about dominance shifts, altcoin performance, and macroeconomic trends. Our indicator integrates these elements to give a broader market perspective.
Time-Saving: Instead of switching between multiple indicators, ZenAlgo - Crypto Trend combines them in one cohesive tool, offering a comprehensive market overview in a single glance.
Custom Features: Unlike generic Heikin Ashi indicators, this tool includes dynamic labels and a market sentiment table that summarize trends and provide immediate insights.
How It Works
1. Heikin Ashi Trend Detection
Calculates smoothed Heikin Ashi trends for BTC , ETH , USDT dominance , DXY , and total market caps ( TOTAL , TOTAL2 , TOTAL3 ).
Functionality: Heikin Ashi values are derived from the weighted average of open, high, low, and close prices. The "open" averages the previous bar's open and close, while the "close" averages the current bar's open, high, low, and close. A trend is assigned as Up (+1) or Down (-1) based on whether the close exceeds the open.
2. Market Metrics Analysis
Tracks daily percentage changes and trends for key metrics like BTC dominance and total market caps.
Outputs: Displays trends (Up/Down) and percentage changes for each asset, helping assess market strength and sentiment.
3. Composite Signal Generation
Combines individual asset trends to define broader market states such as "Mega Boost" or "Outflow."
Logic: Signals are triggered by predefined conditions, e.g., "Mega Boost" occurs when DXY trends down, market caps ( TOTAL , TOTAL2 , TOTAL3 ) trend up, and BTC dominance trends down.
4. Dynamic Labels and Sentiment Table
Displays real-time labels (e.g., "FIRE SELL," "BTC + ALT PUMP") directly on the chart for actionable insights.
A market sentiment table summarizes trends and percentage changes, with customizable display options (position, text size, theme).
Usage Examples
Spotting Bullish Momentum: Use "BTC + ALT PUMP" signals to identify synchronized bullish trends in BTC and altcoins.
Avoiding Bearish Trends: React to "CRYPTO DOWN" or "FIRE SELL" signals to minimize exposure during downturns.
Evaluating Altcoin Opportunities: Identify "ALT PUMP" or "ALTS DUMP" signals to time entries and exits in altcoin markets.
Tracking Dominance Shifts: Monitor "BTC.D UP" or "BTC.D DOWN" trends to assess shifts in market dominance between BTC and altcoins.
Macro Market Awareness: Use "Mega Boost" or "Mega Outflow" states to align with macroeconomic trends, such as dollar strength or weakness.
Seasonal Trends: Observe "ETH PUMP" or "BTC DOWN + ALT PUMP" states to understand specific altcoin or BTC-led market cycles.
Settings
ZenAlgo Theme: Enable a custom ZenAlgo visual style for improved clarity.
Table Text Size: Adjust text size (options: tiny, small, normal, large, huge) for better visibility.
Dark Mode: Toggle dark mode for improved viewing in low-light environments.
Table Position: Choose table placement (e.g., Top Left, Bottom Center) based on your preferences.
Important Notes
Synthetic and Lagging Nature of Heikin Ashi: Heikin Ashi values are synthetic and inherently lagging. They provide smoothed trends but do not represent precise entry or exit points. This indicator does not produce buy or sell signals.
Limitations in Low-Volume Markets: The indicator may underperform in low-liquidity markets or during periods of high volatility, where data discrepancies can distort trends.
Trend Reversals in Choppy Markets: In sideways or choppy markets, the composite signals may lag behind sudden reversals, potentially resulting in delayed recognition of trend changes.
False Positives During Macro News Events: Abrupt macroeconomic news or policy changes can cause the indicator to emit signals (e.g., "Mega Boost") that may not align with sustained market movements.
Dominance Metrics Sensitivity: Heavy reliance on BTC.D or TOTAL3 can sometimes result in misleading insights when these metrics are influenced by atypical events, such as large-scale liquidations or isolated token movements.
Use in Conjunction with Other Tools: While powerful, this indicator should be combined with other technical and fundamental analysis tools for a comprehensive trading strategy.
No Guaranteed Results: Trading involves risk. This tool is designed to support decision-making, not to guarantee trading success.
Outflow
[MAD] BTC ETF Volume In/OutflowThe " BTC ETF Volume In/Outflows" indicator is designed to analyze and visualize the volume data of various Bitcoin Exchange-Traded Funds (ETFs) across different exchanges. This indicator helps traders and analysts observe the inflows and outflows of trading volume in a structured and comparative manner.
Features
Multi-Ticker Support: The indicator is capable of handling volume data from multiple ETFs simultaneously, making it versatile for comparative analysis.
Volume Adjustments: Provides an option to view volume data either as the number of pieces (shares) traded or as monetary flow (value traded).
Compression Factor: Includes a volume compression factor setting that helps in emphasizing smaller volume changes or smoothing out volume spikes.
Data Calculation
Volume data is processed using a custom function that adjusts the data based on user settings for piece or monetary representation and applies a logarithmic compression factor.
This processed data is then fetched for each ticker.
Visualization
Volume data is visualized on the chart using column plots where each ETF's volume data is stacked and offset to provide a clear visual representation of in/outflows. Horizontal lines indicate the zero level for reference.
Usage Scenario
This indicator is particularly useful for traders who track multiple ETFs and need to compare their volume activities simultaneously. It provides insights into market trends, potentially indicating bullish or bearish shifts based on volume inflows and outflows across different instruments.
have fun :-)
Open Interest Inflows & Outflows [LuxAlgo]The Open Interest Inflows & Outflows indicator focuses on highlighting alterations in the overall count of active contracts associated with a specific financial instrument.
The indicator also includes an oscillator highlighting the price sentiment to use in conjunction with the open interest flow sentiment and also includes a rolling correlation of the open interest flow sentiment with a user-selected source.
🔶 USAGE
Open Interest (OI) indicates the total number of active contracts, encompassing both long and short positions, for a specific financial instrument at any given moment. This key indicator helps traders and analysts assess market activity and sentiment.
An increase in open interest generally indicates new money flowing into the market, suggesting increased activity and the potential for a trending market. Conversely, a decrease in open interest indicates that traders are closing their positions, suggesting less interest in that particular contract.
Open Interest Flow Sentiment assesses the correlation between the initiation of new positions (inflows) and the closure of existing positions (outflows) for a particular instrument. Positive values suggest a prevalence of inflows, while negative values signify a prevalence of outflows.
The magnitude of the deviation from zero reflects the extent of dominance, either in inflows or outflows.
Price Sentiment estimates the relationship between the strength of bulls (buyers) and bears (sellers) on an instrument. Positive values indicate higher bull power and negative values indicate higher bear power.
The correlation feature is a key component of the indicator and helps analyze the relationship between trading volume and Open Interest changes. If volume increases along with rising Open Interest, it supports the validity of the price trend.
A divergence between price movement, volume, and Open Interest may signal potential reversals.
🔶 DETAILS
This indicator, based on Dr. Alexander Elder's acclaimed Elder-Ray concept, aids traders in evaluating the strength of both bulls and bears by delving beneath the surface of the markets. It uncovers data not immediately apparent from a superficial glance at prices. The indicator comprises two components: Bull Power and Bear Power.
Considering that the high price of any candle signifies the maximum power of buyers and the low price represents the maximum power of sellers, Elder employs the 13-period Exponential Moving Average (EMA) to depict the average consensus of price value. Bull Power assesses whether buyers can drive prices above the average consensus of value, while Bear Power assesses whether sellers can push prices below this average.
Here are the formulas for Bull Power and Bear Power:
bull_power = high - ema(close, 13)
bear_power = low - ema(close, 13)
This concept is utilized to calculate Open Interest Flow Sentiment and Price Sentiment. The Open Interest Flow Sentiment estimates the relationship between new positions (inflows) and positions being closed (outflows), providing insights into market dynamics. The Price Sentiment, on the other hand, gauges the correlation between price movements and the Elder-Ray components, aiding traders in identifying potential shifts in market sentiment and momentum.
🔶 SETTINGS
🔹Open Interest Inflows & Outflows
OI Sentiment Correlation: toggles the visibility of Open Interest correlation with a variety of sources.
Money Flow Estimates: toggles the visibility of Money Flow Estimates calculated for the last bar.
🔹Style
OI Flow Sentiment: toggles the visibility of Open Interest Flow Sentiment, along with color customization options.
Price Sentiment: toggles the visibility of Price Sentiment, along with color customization options.
Correlation Colors: color customization option for the Correlation Area.
🔹Others
Smoothing: smoothing length applicable for Open Interest Flow Sentiment and Price Sentiment.
🔶 RELATED SCRIPTS
Open-Interest-Chart
Liquidation-Estimates
Thanks to our community for recommending this script. For more conceptual scripts and related content, we welcome you to explore by visiting >>> LuxAlgo-Scripts .
Trendmaster - Crypto Miner Confidence MetricWhat it is:
The Crypto Miner Confidence Metric analyses a handful of highly utilized Crypto networks to gain insight into the potential sentiment amongst those securing them and more specifically Crypto miners.
What it does:
It takes into account the overall trend in the increase or decrease of current computational power securing the networks, otherwise known as the hashrate - as well as the overall network inflows/outflows and holdings of those miners.
How to use it:
Using this data we can conclude whether their stance is currently Bullish or Bearish, with a value of 100 indicating an extremely positive future outlook from miners and a value of 0 representing a severe lack of confidence. Changes or pivots in the direction of miner confidence can indicate a shift in their Bullish or Bearish stance.
BTC Miner Netflows with smoothingBTC Miner Netflows with smoothing - shows the difference between Miner Inflow and Miner Outflow.
Miner income, sales as well as holdings, are generally considered to have a huge market impact, by analyzing miner Netflows, users can gauge if overall miners are accumulating or selling; high positive values point to accumulation, while negative numbers indicate net selling.
Data queried from IntoTheBlock.
