Weekend Analysis
There are always discussions about how the weekend affects Crypto-Coins.
It seems that on Monday, the price usually returns to Friday's level.
To make a qualified statement, I wrote this script that tests exactly that
and provides an evaluation.
It displays a candle for Saturday and Sunday.
Either green or red, but also blue if there was hardly any movement.
This threshold is set at 2%, but can be changed in the settings.
If the relative distance from Saturday's open to Friday's close is less than this value,
it counts as the same.
The timeframe should be between day and hour so that Tradingview goes back far enough in the past.
The output (here for BTC)
Total: 477
Lower: 20%
Equal: 55%
Higher: 25%
is displayed in the chart, but also output via the log function.
Weekend
Bitcoin - CME Futures Friday Close
This indicator displays the weekly Friday closing price according to the CME trading hours (Friday 4pm CT).
A horizontal line is displayed until the CME opens again on Sunday 5pm CT.
This indicator is based on the thesis, that during the weekend the Bitcoin price tends to mean reverse to the CME closing price of the prior Friday. The level can also act as support/resistance. This indicator gives a visualization of this key level for the relevant time window.
Furthermore the indicator helps to easily identify, if there is an up or down gap in the CME Bitcoin contract.
Time of Day and Day of Week Buying and Selling StrategyThis strategy allows you to back test longing or shorting or do nothing during time increments of 30 minutes for various days of the week. For example if you want to see if every Saturday if Bitcoin dropped in value from 1600-7000 UTC, this script will allow you to test that.
Make sure you are in the 30 minute time frame while viewing the performance and trade history.
Day of Week Custom Buy/Sell StrategyThis strategy was made for bitcoin and allows you to back test longing or shorting for various days of the week. The price may tend to go in one direction or another for each week day, and this strategy allows you to test days across a range of dates to capitalize on this.
Make sure you are on the daily time frame while viewing the performance and trade history to ensure the script works as intended and you have the most historical data as possible from Trading View.
3GBH - RSI + HMAs Included in this indicator:
- RSI
- 2x HMA's w/ Zones of Fast HMA
- BTCUSD RSI + Comparison
- Highlight Saturdays & Sundays
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User-friendly.
You can change all the inputs, they are labelled for ease-of-use.
You can toggle On/Off any or all of the options.
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I was inspired to create this indicator, which is an exact copy of my very first
except this time we're using HMA's rather than EMA's.
Hull Moving Averages stick to price action a lot closer in my opinion.
3GBH - WeekendsThis indicators simply highlights Saturdays & Sundays.
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You can toggle On/Off any or all of the options.
Weekend Trader Smoothed Rate of Change
Rate of change indicator based on Nick Radge's Weekend Trend Trader Strategy, with an added extra of EMA smoothing if you want it.
This indicator simply turns green when the rate of change is above a certain level (value is set in threshold)
Threshold is defaulted to 30 as outlined in the strategy rules
Index Trend Filter - Weekend Trend TraderThis little script simply gives you a quick visual cue of where price is compared to a particular EMA of another security or underlying index.
It is based on Nick Radge's broader market filter weekend trend trader system, but can be applied to other timeframes if you want to confirm if the index is in an up trend or down trend.
• Green means the underlying index price is above the EMA
• Red means the underlying index price is below the EMA
weekend rally bloody mondayTracks the gain-loss of the price on Mondays and the range gain-loss from Monday (configurable) to Sunday. Then, it identifies Sunday's pumps that end with a Monday dump.
WeekendIt is tracking Previous candle high and Previous candle low. It is an important script to trail PDH PDL system (and more importantly to create alerts) which is rampantly used by price action traders.
InSession sampleThis indicators it's a programming sample of how to check if hours are inside one session range excluding/including weekends days
Highlight the weekendsA number of times I've heard people say that the market drops on the weekends.
Being that cryptocurrencies are a 24/7 market I thought it would be interesting to see what candle movements happen on the weekends.
This is a very simple script that highlights the candles that are on Saturday and Sunday.