Alnami_Quantum_blocksThis is the revolution of renko... it is renko chart based on percentage movement of the underlying ..
User can set:
1- the % move that if exceeded, the channel will shift
2- entry strategy
3- exit strategy
Percentage
Moving Gain Loss PercentTracks the percentage gain/loss in three ranges:
single candle (can be turned on or off)
custom range of candles
custom range of candles
For example, with a range of 3 candles, and the serie:
1 - close 10
2 - close 5
3 - close 20
The moving gain would be:
1 - close 10 - gain 10, infinite%
2 - close 5 - gain 5, infinite%
3 - close 18 - gain 8, 80%
Or, for example if the range is 12 candles on a monthly chart, then the result is the Year-To-Date gain/loss plotted as a percentage.
Correlation Volitility Bars [BVCC]This chart will allow you to compare the volatility of correlation of any other instrument to your current chart. When the comparison coin is selected, it will overlay your current bars with additional information that shows up/down correlation to your master chart as well the volatility of that correlation.
This can be used to compare other coins to BTC for a quick visual reference of if a coin moves with or against BTC movements. If the comparison coin moves up on the given bar, it is represented by a green histogram ABOVE of your current candle. If the comparison coin moves down, it is represented as a red histogram BELOW your current candle.
The height of the correlation candle represents the percentage that the comparison coin moved up or down. The longer the candle, the farther that coin moved.
The blue band represents a 'volatility reference'
-If your comparison coin stays within this band, then it is moving at an absolute rate which is less than the absolute rate of the master coin.
-If your comparison coin moves outside of this band, then it is moving at an absolute rate which is more than the absolute rate of the master coin.
A couple of example of how to read this;
*******Master Candle = Up | Comparison Candle = Up | Equal to Volatility Band********
This means that when the master went up, so did the comparison coin and they both moved equal amounts
******Master Candle = Up | Comparison Candle = Down | Outside Volatility Band*******
This means that when the master went up, the comparison coin went down in response and it's downward response was greater than the corresponding master up movement
******Master Candle = Up | Comparison Candle = Up | Outside Volatility Band*******
This means that when the master went up, the comparison candle responded by going up as well but made more % gains than the corresponding master candle.
Uses for this indicator would be research into the historical performance of how a specific coin reacts to BTC and whether it is a more or less profitable vehicle than BTC during that time period. If the price is consistently outside of the Volatility band then you can infer that this coin is hypersensitive to BTC movements. If the price is consistently within the bands, then you could infer that your comparison coin is relatively correlated or unfazed by BTC.
Percentage Change Comparison [BVCC]This script allows you to input 2 different coins and plot % changes against each other.
Look Back is adjustable to account for different time frame windows. Default is 1, so each line will be graphed on a 1:1 ratio with the candle period selected on the chart. raising this number to 24 will plot the change across every 24 candles and so on. It's pretty interesting to move the input dialogue window out of the way and change this number, watching how the % gain comparisons change in real time.
Default coins to compare are set to BTCUSD and ETHUSD @ coinbase.
[RESEARCH] Percentrank BugI found a bug with built-in percentrank function. Sometimes it gives unexpected and incorrect results. You can see a one of them on the chart.
ALL scripts which use percentrank function are affected. No matter which version they use, no matter who is their author - ALL scripts which use this built-in function can work incorrectly.
If you want to avoid this bug use _percentrank function (the "shim" ) - you can find it in the script.
NOTE: Don't push on TradingView Support or Pine Core Team because they already know about this issue and work on the fix. I publish it to warn you.
GBTC/BTC(average) premium percentageaverage bitcoin price used (average between bitfinex, coinbase, bitstamp, bittrex, and gemini).
find current amount of bitcoin per share here: grayscale.co
GBTC/BTC(average) premium percentageI updated the GBTC premium percentage indicator to the average bitcoin price (average between bitfinex, coinbase, bitstamp, bittrex, and gemini). I also left this new script open so you can update the amount of bitcoin per share because it is always changing. you can find the amount of bitcoin per share at grayscale.co half way down on the left.
BossHouse - Price ChangeBossHouse - Price Change
What it is:
In the stock market, a price change is the difference in trading prices from one period to the next or the difference between the daily opening and closing prices of a share of stock.
Here you have a timeline with a bar price change. In seconds you can see if the selected market has good and high price changes or not.
The values are in percentage and you have a limiter in the settings, so you can show only bar/values above a value. Ex. 2.4%.
Why it Matters:
Price changes are a core component of financial analysis, and predicting price changes can be as, if not more, important than an actual price change.
It is important to remember, however, that percent-based price changes are useful only in the context of the number of dollars involved.
A 75% change in the price of a company X, for example, may only involve a few dollars while a 75% change in the price of company Y may involve thousands of dollars.
Settings:
Show the SMA 21 line
Minimum Limit - Set the minimum value to show a bar
Calculation:
For example, let's say Company XYZ shares opened at $25 this morning and closed at $24.
The price change is -$1, or -$1/$25 = -4%.
Any help and suggestions will be appreciated.
Marcos Issler @ Isslerman
% Volume (%V)Read about it in the book of Buff Pelz Dormeier "Investing with Volume Analysis: Identify, Follow, and Profit from Trends" .
Normalized volume ( %V ) is a concept that uses an average of volume to plot volume. The volume total for the current bar is divided by the average volume (over the last n bars) to form a ratio. This ratio is multiplied by 100 and plotted in the same way that traditional volume is plotted as vertical bars on the horizontal plane, which creates a normalized volume scale of 0 to 100 . This allows for easy interpretation of volume’s relative movements, with 50 being typical or average volume, numbers below 50 being light volume, and numbers above 50 being heavier volume.
Good luck!
Weekly & Daily Percantage Price OscillatorMy first script.
By Vitali Apirine. Technical Analysis of Stocks & Commodities ( February 2018, Vol.36 Issue 2). Thank you.
Percentage Volume OscillatorThis indicator is based on Percentage Price Oscillator and volume as a source.
Percentage BandsA different version of bollinger bands, I use percentage difference instead of standard deviation.
Percent Change Smoothed (PCT + EMA)ROC works great on data with only positive numbers (like prices).
But it fails to correctly represent the rate of change when source series have negative values.
ROC is positive when:
Source is positive AND Source is rising
OR Source is negative AND Source is falling
Percent change (PCT) is just a ROC that deals with this sign confusion.
Anyone with Data Science backgroud would likely know about it.
PCT is positive only when:
Source is rising
When applying to only positive data PCT = ROC they are exactly equal.
I've also added EMA smoothing option.
Enjoy!
Cumulative Price Change %Tracking cumulative percentage change in price for each candle over a period.
PTF_VWMA Percentage ChangeThis Indicator plots the Percentage change of the Volume Weighted Moving Average.
It takes the VWMA length and calculates the Volume Weighted Moving Average over that period, it then "Looks Back" and calculates the percentage change from that point to the current point.
This is helpful in seeing if the price has swung outside of a normal range that you can determine by adjusting an upper and lower horizontal line. These lines are just guides.
In the case of a pump and dump, the VWMA Percentage change line would swing wildly upwards and then crash back downwards, after the coin stablises again then the VWMA % Change would fit back into your "Safe Trading Zone"
Feel free to you it as you wish and if you feel generous then by all means, donate some LTC.
If you don't have PT Feeder and have now decided to get it, please use my affiliate link below.
Created 2018 - by @Squiggles#8806
LTC Tip Jar: LX4bUBdjiRPsagUbZoAczSGgDC4YqTJL7w
Pt Feeder affililiate link: cryptoprofitbot.com
Multiplier ChartI am proposing an alternative to the percent change.
An alternative that is symmetrical to both positive and negative change, unlike percentage change.
The simple idea is to have a positive number if the reference value (called val in the script) is lower than the stock value and needs to be multiplied;
a negative number instead if the reference number is higher than the stock value, so the reference value needs to be divided.
Multiplying all by 100 to give clearer and more readable results, the Multiplier would have a huge gap between +100 and -100, because a stock multiplied by 1 or divided by 1 are the same thing.
So we need to compromise and move all positive numbers down by 100 and all negative numbers up by 100. This actually gives a similar result to percentage change, and it is actually identical in the positive range.
The fundamental difference lies on the negative range, which is completely symmetrical. So if a stock goes up 100 points one day (doubles), and the next it goes down another 100 points (halves), at the end of the second day the stock has the same value as it had at the beginning of the first day! On percentage change it would be +100% the first day and -50% the second.
We mustn't undervalue the human tendency to compare a 1% change to a -1% change, but they do not mean the same even if they seem to indicate so.
A clear example of this can be found on CMC 0.60% -3.56% -3.56% (CoinMarketCap), in which each day are shown the best and worst performing coins of the day. So you might see a +900% there in the top performing, but you'll never see a -900%, because percentage change cannot go further than -100%. It is a fundamentally asymmetric scale that can confuse people a lot especially in those fast moving new markets.ù
I am welcome to feedback and all kinds of opinions and critics.
Some interesting things to note: you can use it as a percentage change indicator or as a different perspective to a stock chart. In fact, it lets you see how big of a difference it made buying coins when they were very cheap, because when they are cheap a difference of what it might seem nothing is amplified by all the gains that the stock/coin made after. So, looking at coins charts using this indicator shows how "not flat" were the early days, which in a normal chart are flattened to 0.
EMA Spread OscillatorEMA Spread Oscillator
Quickly see past levels where diff maxed out. Momentum and price can only keep going up for so long. This obviously differs per underlying asset. So that is where this oscillator comes in handy.
Of course you can see on the chart how far apart the moving averages are, but it is easier to spot on an oscillator.
KAMA Divergence [DW]This study is a simple experiment that expresses divergences between price and Kaufman's Adaptive Moving Average as a percentage. The result is then smoothed using KAMA to provide a signal line.
MgGinley Dynamic Divergence [DW]This is an experimental study designed to visualize momentum and average range by expressing divergences between price and a McGinley Dynamic as a percentage.
Movement Percentage Tracker [DW]This is a simple study designed to show the percentage of increase and decrease for each new bar or specified interval.
Custom alerts with adjustable thresholds included.