[ChasinAlts] The Great Reset Hello fellow tradeurs, "The Great Reset" just tracks the % change of a coin. For whichever reset hour is chosen,
once the reset time is reached the % changes of all the coins reset to 0. This is great to find which coins have
been moving the most and to be able to see how all of them are moving compared to the rest. Once the reset interval
is up and the % change resets to 0, you can see the "*" at the end of the plots and if you hover over it the coin's
name is shown in a tooltip. Lastly, if a threshold of 5 is selected and alerts are also used then it will alert you at that % change
level as well as threshold*2 and threshold*3 so you can be notified if a coin is going on a tear and pumping through those % change
levels (the threshold, threshold*2, and threshold*3 levels are also printed as Hlines on the chart)
There is also the Printed Bar Filter to only show the coins that have been moving the most according to the values set in the filter
(if you choose to use/select to use the filter). This is the same filter on many of my other scripts so as not to
clutter up the chart with coins that have not been moving much. Hope it comes of some use to anyone.
Peace and love people...peace and love. -ChasinAlts
Percentchange
Stochastic PC [BigBitsIO]This script is a very simple stochastic calculation similar to Stochastic RSI that calculates a stochastic value of a moving average of the percentage price change. The purpose of the indicator is to find positive and negative volatility momentum peaks which might be able to help identify changes in trends. Like other stochastic indicators, it may be best used in combination with other indicators.
Explained:
- First gets the % change for the candle from open to close. Green candles produce positive values, red candles produce negative values.
- Then it creates a moving average of that number to try and reduce impacts of very large moves, although this can be changed with the super-fast smoothed length setting. Set it to 1 to remove all smoothing.
- After that, it creates a K value using a stochastic calculation based on the range of the price change moving average we created in the previous step. Set the smoothK to one to use a fast stochastic calculation, it is a slow stochastic calculation by default (3-period SMA of stochastic)
- Finally, to create the D value it calculates a 3-period SMA of the K value.
FAQ:
- Why is this script useful?
- This script can help identify the peaks and valleys of volatility momentum
DISCLAIMER: For educational and entertainment purposes only. Nothing in this content should be interpreted as financial advice or a recommendation to buy or sell any sort of security or investment including all types of crypto. DYOR, TYOB.
Percent Change MtFThis plots the selected resolution's percent change from open to close. Easy way to check the previous period's range with less noise. Note the latest period is calculating on a bar that hasn't closed so it won't update unless you refresh/change timeframes to prevent incorrect reporting.
Spread PercentThis indicator shows the percent change between the highs and the lows (or optionally the open and close) of each candle. You may also set a low and a high percent threshold to better highlight the candles that exceed your desired spread percent. Red signifies low spread, green is high spread - these are unrelated to the color of the candle body. There is also the option to display a moving average of the spread percent at your desired length which is a representation of volatility over time.
This is not only helpful for historical analysis over time, but this can also be a time saver if you are trying to calculate the measured distance of a move. Save clicks - no more needing to use the measuring tool.
The settings of the indicator on the chart above are:
- Measure Candle Body Only? - No
- Highlight Thresholds? - Yes
- Thresholds Based on Moving Averages? - Yes
- Low Percent Threshold - 3.0
- High Percent Threshold - 7.0
- Show Moving Average? - Yes
- Moving Average Length - 5
