DepthHouse Trading Indicators

DepthHouse Peak Momentum is now LIVE!

Depth92 — Thu, 28 Nov 2019 00:48:33 +0000

DepthHouse – Peak Divergence indicator uses the linear regression calculation to help determine and plot peak momentum points throughout financial markets.

Peak levels are then displayed by either red or green lines above or below the candle.

Red lines above the candles represent a peaks in bearish momentum while Green lines below represent peaks in bullish momentum. These levels are a great tool to help support intermittent tops and bottoms along with possible support and resistance.

The projected peak levels are then used to determine momentum divergence in the market.
IF momentum divergence is present the bars colors will change represent either bull or bear divergence.

Important Notes:
If the price crosses a peak line and the bar color does not change; it means momentum has increased/decreased with the price and the divergence has been canceled.
If divergence is present, and then the following candle is not colored then momentum has increased to cancel the previously present divergence.

click here to view the product page

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How to Add Custom Indicators to your TradingView Chart

Depth92 — Sun, 27 Oct 2019 23:56:03 +0000

Adding custom indicators to your TradingView chart can be tricky if you are unfamiliar with the platform. Below is a brief tutorial on the couple ways you can add custom indicators to your chart on TradingView.

The post How to Add Custom Indicators to your TradingView Chart appeared first on DepthHouse Trading Indicators.

Volume Flow Indicator

Depth92 — Thu, 22 Aug 2019 16:06:56 +0000

DepthHouse Volume Flow indicator is used to help determine trend direction strictly based on Negative and Positive volume data.

How to Read:
– Moving Average crossovers are used to help determine a possible trend change or retracement.
– The area cloud on the bottom is calculated by the difference of the moving averages. This could be used to help determine the trending volume strength.
– Bright colored volume bars are large volume spikes calculated by the x factor in the options.

Other changes:
– DepthHouse is going open source with numerous of its indicators. This is only one of many!
– Volume is now displayed without being altered for calculations.

Click here to see original post on TradingView

Source Code:

//@version=4
//DepthHouse Trading Indicators
// by oh92
study(“Volume Flow v3″, shorttitle=”Volume Flow [DepthHouse]”)

maType = input(title=”Moving Average Type”, options=[“Simple”, “Exponential”, “Double Exponential”], defval=”Simple”)
length = input(14, title=”MA Length”)
x = input(3.1, title=”Factor For Breakout Candle”)

//////////////////////////
// oh92 favorite colors //
//////////////////////////
red = #FF510D //#ff848a // #FA8072 // #323433 // #ff848a
green = #5AA650 // #8cffe5 // #6DC066 // #80aebd // #8cffe5

// Basic Volume Calcs //
vol = volume
bull = close>open?vol:0
bear = open>close?vol:0

// Double EMA Function //
dema(src, len) => (2 * ema(src, len) – ema(ema(src, len), len))

// BEAR Moving Average Calculation
bullma = maType == “Exponential” ? ema(bull, length) :
maType == “Double Exponential” ? dema(bull, length) :
sma(bull, length)

// BEAR Moving Average Calculation //
bearma = maType == “Exponential” ? ema(bear, length) :
maType == “Double Exponential” ? dema(bear, length) :
sma(bear, length)

// ma dif //
vf_dif = bullma-bearma
vf_absolute = vf_dif > 0 ? vf_dif : vf_dif * (-1)

// Volume Spikes //
gsig=crossover(bull, bullma*x)?vol:na
rsig=crossover(bear, bearma*x)?vol:na

// Color Calcs //
vdClr = vf_dif > 0 ? green : red
vClr=close>open?green:red

// Plots //
plot(vol, color=vClr, style=plot.style_columns, transp=80, title=”Volume”)
plot(bullma*2, color=green, linewidth=1, transp=0, title=”Bull MA”)
plot(bearma*2, color=red, linewidth=1, transp=0, title=”Bear MA”)

plot(gsig, style=plot.style_columns, transp=50, color=green, title=”Bull Vol Spike”)
plot(rsig, style=plot.style_columns, transp=50, color=red, title=”Bear Vol Spike”)

plot(vf_absolute/2.5, style=plot.style_area, color=vdClr, title=”Difference Value”)

The post Volume Flow Indicator appeared first on DepthHouse Trading Indicators.

Volume Weighted Support & Resistance Update

Depth92 — Fri, 09 Aug 2019 16:47:56 +0000

DepthHouse Volume Weighted Support and Resistance or VWSP uses advanced volume calculations to determine possible levels of support and resistance .

Aug 9 Release Notes:

new advanced calculation to determine S/R levels
added multiple time frame capabilities

The post Volume Weighted Support & Resistance Update appeared first on DepthHouse Trading Indicators.

CME Gap Finder for Bitcoin

Depth92 — Wed, 19 Jun 2019 16:10:53 +0000

The CME Gap Finder is an indicator for the TradingView platform that locates weekly gaps created by the CME Futures market for Bitcoin .
As you can see, Bitcoin tends to close the weekly gaps created in the futures market so I thought this could be a very useful tool.
Instead of having to look between multiple charts, this simply overlays the past weeks open and close should a gap appear.

Source Code:

//@version=2
//by oh92 [DepthHouse Indicators]
//Version 2 is used because V3 causes lag in gap display – would love to update this at a future date
//Weekly Gap Display for the Bitcoin CME Futures market

study(title=”CME Gap Finder – Bitcoin”, overlay=true)

//Criteria using Weekly Sessions
cwo = security(‘CME:BTC1!’, ‘W’, open)
pwc = security(‘CME:BTC1!’, ‘W’, close[1])
pwh = security(‘CME:BTC1!’, ‘W’, high[1])
pwl = security(‘CME:BTC1!’, ‘W’, low[1])

gap_up = cwo > pwh ? 1 : 0

gap_up_open = gap_up == 1 ? cwo : na
gap_up_close = gap_up == 1 ? pwc : na

gap_down = cwo < pwl ? 1 : 0

gap_down_open = gap_down == 1 ? cwo : na
gap_down_close = gap_down == 1 ? pwc : na

////OH92’s FAVORITE COLORS////
g = #8cffe5
r = #ff848a
gg = #adff75
rr = #ff80be

p1 = plot(gap_up_open, title=”Gap Up – Weekly Open”, style=circles, linewidth=2, color=g)
p2 = plot(gap_up_close, title=”Gap Up – Last Weeks Close”, style=circles, linewidth=2, color=g)
fill(p1, p2, color=g, transp=70, title=”Gap Up Fill”)

p3 = plot(gap_down_open, title=”Gap Down – Weekly Open”, style=circles, linewidth=2, color=r)
p4 = plot(gap_down_close, title=”Gap Down – Last Weeks Close”, style=circles, linewidth=2, color=r)
fill(p3, p4, color=rr, transp=85, title=”Gap Down Fill”)

The post CME Gap Finder for Bitcoin appeared first on DepthHouse Trading Indicators.

DepthHouse Peak Momentum BETA is now live!

Depth92 — Fri, 21 Sep 2018 13:49:55 +0000

For the next 30 days people enjoy the DepthHouse Peak Momentum Indicator for FREE!

To participate you can either comment on the original post on TradingView, message oh92 directly on TradingView, or simply request a Free Trial here on the DepthHouse site.

DepthHouse Peak Momentum Oscillator uses advance calculations of linear regression to help determine price momentum and momentum peaks.

How to read it:
The least opaque columns represent general momentum direction.
When these columns are above the zero line, generally there is more bullish momentum in the market.
When they are below the zero line, generally there is more bearish momentum in the market.
When these columns turn white, it means the price could be losing its bullish or bearish momentum.

The more transparent columns in the background represent the lead band, which reacts faster than the general momentum columns.
This could be used to as a leading indication of where the market could be heading.

Swap Momentum Bands option:
This option removes the white columns from the general momentum histogram and in turn only gives signals when strong momentum is present.

**Free BETA Expires Oct. 21 2018**

The post DepthHouse Peak Momentum BETA is now live! appeared first on DepthHouse Trading Indicators.

Bitcoin World Volume Study – Futures vs. Shorts

Depth92 — Tue, 10 Jul 2018 13:58:50 +0000

Over the course of the last 6 months Bitcoin futures have been dominating the market while spot volume has been plummeting.
The two custom indicators above are a perfect display of this. The BTC World Volume displays the total traded Bitcoin Volume over the top 17 Bitcoin Exchanges and currency pairs. It then separates the futures market from the spot traded currency pairs.

Spot volume is shown in green.
Future Volume is shown in red.

The Bitcoin Futures Dominance indicator displays the percent value of the dominance of traded futures throughout the entire market.

Notice that the futures have remained dominate for the last 5 months, just after this ever-lasting bear trend started. Currently over 70% of the total volume in the market is futures alone.

Without separating the futures market from the BTC World Volume , it just appears that the total traded volume has increased dramatically. In many markets this is a very good sign, unfortunately that is not the case here at all. People trading futures are only trading mere contracts of Bitcoin and no actual transactions of Bitcoin are taking place. All in turn, meaning that the future traded volume does not affect the price of bitcoin.

What does affect the price of Bitcoin is the spot market. This is the buying and selling of actual Bitcoin; not contracts. The BTC World Volume indicator above shows how spot volume (green) has been plummeting since the all time high late last year. Just about the same time the futures market started its takeover.

Based on this analysis, I believe the spot market must redeem itself before there is any solid reversal for Bitcoin. However, at this time there is very little reason to trade actual Bitcoin over the futures market.
Here are just a few of those reasons:

Volatility is dying, which is likely due to the futures market anyways. As it takes volume from the spot market that actually affects the price.
Fees are significantly lower in the futures market. Market Makers are even paid for limit orders. This significantly beats the hefty percentage-based fees on traditional exchanges.
High leverage. Some futures exchanges offer up 100x leverage on some currency pairs. Most traditional crypto exchanges don’t even offer 2x on the spot market.
Bitcoin has been in a clear downtrend for over 6 months. There is no reason for people to buy and HODL at the moment.
There is no solid news for Bitcoin. I believe a catalyst such as an ETF announcement may be necessary for Bitcoin to make a full reversal.

If spot volume ever does make a return, I believe Bitcoin may have a fighting chance. However based on this data alone I believe BTC has found itself in quite the rut. We are in desperate need of some solid news and volume .

Then again, futures are used to stabilize traditional markets, why should Bitcoin be any different?

click here to view the original article on TradingView

The post Bitcoin World Volume Study – Futures vs. Shorts appeared first on DepthHouse Trading Indicators.

The Power of the .236 – Bitcoin Analysis

Depth92 — Sun, 08 Jul 2018 17:50:29 +0000

After a fantastic break of the daily trendline , Bitcoin has once again found itself at a .236 Fibonacci level. Which based on history, this level often marks the end of the road up for Bitcoin.
However, there are a couple other factors to consider which may shed a gleam of light on the situation.

Reasons why Bitcoin could continue up:

Bitcoin had a fantastic break of the daily downward trendline . You will notice that the volume indicator showed a green candle during the breakout which confirmed an drastic volume increase. This is a very good factor to consider when differentiate a breakout from a fakeout.
Bitcoin formed and confirmed a perfect double bottom on higher time frames. Which just happened to be on a major support level .

Reasons why Bitcoin could continue downward:

Bitcoin has broken several downward trendlines in the past. All of which have resulted in a continuation downwards.
Even though Bitcoin -0.13% had a volume spike at the breakout, overall volume in this market has plummeted which no signs of reversal yet.
We are currently sitting at the .236 fib level of the current swing.

IF we fail to break the current .236 resistance, Bitcoin will likely continue down to form lower lows.

IF Bitcoin does break the .236 and forms a higher high, a larger upward correction may be possible.
IF this does then turn into a larger upward correction, the next key level to reach and break would be the .236 of the full swing.
This level sits just above 9k.

Click here to be redirected to the original post on TradingView

DISCLAIMER:
Please note I am only providing my own trading information for your benefit and insight to my trading techniques, you should do your own due diligence and not take this information as a trade signal.

The post The Power of the .236 – Bitcoin Analysis appeared first on DepthHouse Trading Indicators.

Third Time’s a Charm – Ethereum Divergence Study

Depth92 — Sat, 23 Jun 2018 20:47:49 +0000

A quick study composed to illustrate the multiple levels of divergence Ethereum has had since November of last year.

Based on this study, short term trend changes typically took place at the second level of divergence on the Relative Momentum Range Indicator. The only other acceptation for this, was the reversal from the top this last January. At that time, was so much upward momentum in the market that it took until the third signal of divergence to confirm a trend change.

Some of you will say that this happens all the time, which is true. However this typically occurs on lower timeframes. Typically the higher the timeframe, the higher the chance of a divergence signal to lead into a confirmation.

Looking at where we are now, we once again have a potential third attempt of bullish divergence forming on the daily chart .
By no means is this a signal to buy.. The crpyto market as a whole is going through an extremely bearish cycle at the moment.
However, looking closer at the chart you will see that we have potential trendline support around $420. I believe that if we hit this and the support holds, that the bullish divergence could give us some upward momentum.

Third Time’s a Charm – Divergence Study by oh92 on TradingView.com

DISCLAIMER:
Please note I am only providing my own trading information for your benefit and insight to my trading techniques, you should do your own due diligence and not take this information as a trade signal.

The post Third Time’s a Charm – Ethereum Divergence Study appeared first on DepthHouse Trading Indicators.

Meme Lines and Wedges

Depth92 — Mon, 11 Jun 2018 14:50:46 +0000

After a week of nothing but sideways, Bitcoin finally made its big move. Unfortunate for many, it was not in the direction many had hoped for.

Shortly after seeing a negative volume spike Bitcoin plummeted, smashing through the so called meme line at ~$7000 creating nearly a -$1000 daily.

With the meme line broken many bulls are running for cover.
However with a little Trendline analysis, there is still hope for Bitcoin.
The chart above shows us sitting right below the recently broken meme line. Then just a few hundred dollars below is a possible wedge support line ~$6200.

IF we find support at $6200, it would confirm the falling wedge , which could turn into a reversal.

By taking this analysis a step further, I placed cyclic lines from the last two temporary bottoms. Based on these lines there could be a possible bounce within the next couple days. This is my first time experimenting with these so the results will be interesting either way.
Note: Cyclic Lines allow the user to set two vertical lines a specified distance apart.

Currently I am playing the small swings and waiting for a clear signal in either direction.
Unlike several of the posts I’ve came across, I do not believe the break in the meme line is the death of BTC 0.37% .
IF BTC fails to find support a the bottom of the wedge I will start to worry a little.

I hope many of you found this article hopeful, helpful and a little interesting!
I wish you all the best of luck!

DISCLAIMER:
Please note I am only providing my own trading information for your benefit and insight to my trading techniques, you should do your own due diligence and not take this information as a trade signal.

Article was taken from a post on TradingView: https://www.tradingview.com/chart/BTCUSD/tiJ7MKtM-Meme-Lines-and-Wedges/

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