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
[BUBBLENUKE] BOB The Reversal Trader=============================================================: BOB The Reversal Trader :=============================================================
COMPONENTS:
- VWAP Anchored at Friday CME close
- Bitcoin CME close
- Volume bars
SETTINGS:
- Asset: BTCUSDTPERP
- Time frame: 30M
- Hard TP %: 1.5
- Hard SL %: 40
- Trading Session Start (UTC): 4
- Trading Session End (UTC): 17
DESCRIPTION:
BOB is a mean-reversion trading system focused in BTCUSDT asset in the 30M time frame. The system is divided into 2 types of entries:
WEEKENDS:
BOB will trigger his entry when the price of Bitcoin is at one of the two deviations from the VWAP anchored at Friday CME close and BOB will take your profits when the price returns to the VWAP. When BOB hits Sunday and the CME reopens, BOB will close all your open positions.
INTRA-WEEK:
BOB will trigger its entry when the price of Bitcoin is at one of the two deviations from the VWAP anchored at the Friday CME close or when a volume candle indicates a reversal. BOB will take your profits when the price returns to the VWAP or when the HARD TP % is reached (1.5% by default). When BOB hits Friday and the CME closes, BOB will close all your open positions.
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.
BTC-WEEKEND GRAVITY Indicator @COINOBS - Hello Fam,
Coin Observatory, back with another indicator.
We call this one the:
Weekend GRAVITY indicator!
That's right,
How to use this indicator:
-ONLY APPLICABLE FOR WEEKEND PRICE ACTION:
-If BTC is trading above our GRAVITY indicator, low leverage shorts, until price returns to gravity line.
-If BTC is trading below our GRAVITY indicator, low leverage longs, until price returns to gravity line.
ONLY USE THIS FOR WEEKEND PRICE ACTION.
Please backtest for us, this indicator has had a 99% accuracy rate for weekend price action.
Want this indicator?
-Just request access! We'll hook you up ;)
-Jump in our discord, link in my bio
At the time of publishing, XBT is trading at 6885
Gravity Indicator tells us, target is 6290
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.
