Get started
INVITE-ONLY SCRIPT
Updated

Ethereum: Price Action Integral Bands

2 608
This indicator tries to display absolute tops and bottoms for Ethereum. The price action gets integrated with three custom functions resulting in the blue top, green mid and red bottom price action integrals. From those integral values we allow 5% deviation in up and down direction, leading to price action integral bands of some non-zero width.

Even during the liquidity crisis in March 2020 with abnormal price movements, Ethereum had no daily or weekly candle close below the support band. For longer-term trades it might be a good idea to buy ETH when price is around the red band, and temporarily sell/go short when ETH is around the blue band, although this is no financial advice and one should always cross-check with other indicators/informations.

The green mid price action integral band indicates bullish/bearish zones. When price is located above the green band, the market is in a bullish environment, if price lies below it, the market is in a bearish environment.

There's the option to plot or hide the bands individually.

These integral bands are specifically designed for the Ethereum (ETHUSD) Kraken ticker on daily (D) or weekly (W) timeframe (the indicator automatically adjusts for both those timeframes). For other assets, tickers and timeframes the functionality of this indicator cannot be guaranteed and will most probably not deliver meaningful results. If you want to use the integral bands for Bitcoin, please see my other indicator titled 'Bitcoin: Price Action Integral Bands'.

For access please contact me via DM on TradingView or on Twitter (linked in my TradingView profile and my signature).
Release Notes
Updated the mid integral band. Also after review I would recommend to use the daily (D) timeframe for this indicator, as it seems to be more accurate there (better integrating due to finer price action data I assume).
Release Notes
Tweaked the top integral band to better fit to the general market data (as the 2018 ATH price of the Kraken ETH/USD pair was an outlier compared to other order books).
Release Notes
Added two more integral bands for finer trading opportunities: a turquoise top-mid band, and an orange bottom-mid band.
Release Notes
Added a full array of bands for many additional trading opportunities, and especially for a mapping of the parabolic fallout following a bullrun. The idea would be to trade the next parabolic fallout roughly as depicted in the chart below (marked are the relative increases/decreases of each broader move during the fallout):

snapshot

Depending on how this indicator is used, the set up of stop losses is recommended in case no reversal happens at certain bands.
Release Notes
Small readjustment update of the 4th band.

Invite-only script

Only users authorized by the author have access to this script, and this usually requires payment. You can add the script to your favorites, but you will only be able to use it after requesting permission and obtaining it from its author — learn more here. For more details, follow the author's instructions below or contact Dean_Trader directly.

TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.

Author's instructions

For access please contact me via DM on TradingView or on Twitter (linked in my TradingView profile and my signature).

Warning: please read our guide for invite-only scripts before requesting access.

Dean_Trader
Website (for access to my scripts): deantrader.com
Twitter (for Swing Algo footage): twitter.com/Dean_Trader
Also on:
bottomEthereum (Cryptocurrency)TOPTrend Analysis

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
bottomEthereum (Cryptocurrency)TOPTrend Analysis

Invite-only script

Only users authorized by the author have access to this script, and this usually requires payment. You can add the script to your favorites, but you will only be able to use it after requesting permission and obtaining it from its author — learn more here. For more details, follow the author's instructions below or contact Dean_Trader directly.

TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.

Author's instructions

For access please contact me via DM on TradingView or on Twitter (linked in my TradingView profile and my signature).

Warning: please read our guide for invite-only scripts before requesting access.

Dean_Trader
Website (for access to my scripts): deantrader.com
Twitter (for Swing Algo footage): twitter.com/Dean_Trader
Also on:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.