L2 KDJ with Whale Pump Detector

Level: 2


One of the biggest differences between cryptocurrency and traditional financial markets is that cryptocurrency is based on blockchain technology. Individual investors can discover the direction of the flow of large funds through on-chain transfers. These large funds are often referred to as Whale. Whale can have a significant impact on the price movements of cryptocurrencies, especially Bitcoin . Therefore, how to monitor Whale trends is of great significance both in terms of fundamentals and technical aspects.

The KDJ oscillator display consists of 3 lines (K, D and J - hence the name of the display) and 2 levels. K and D are the same lines you see when using the stochastic oscillator. The J line in turn represents the deviation of the D value from the K value. The convergence of these lines indicates new trading opportunities. Just like the Stochastic Oscillator, oversold and overbought levels correspond to the times when the trend is likely to reverse.


L2 KDJ with Whale Pump Detector is a composite indicator that combines both KDJ and Whale Pump Detector. By virtue of this, fake signal of KDJ can be filtered out to some degree.

Key Signal

whalepump --> whale buy behavior will be detected and displayed in yellow histograms
k --> k value of a stochastic oscillator
d --> d value of a stochastic oscillator
j --> the deviation of the d value from the d value of a stochastic oscillator

Pros and Cons


1. filter out KDJ fake signal by introducing whale buy/pump detector
2. J value can be used to detect overbought and oversold regions


1. It works better in small time frame and sideways. Extreme long or short conditions may cause KDJ staturate.
2. It can only indicate in current time frame, larger time frame trend info is missing.


Composite KDJ+Whale Pump Detector. Works fine in 15mins time frame.


In real life, I am a prolific inventor. I have successfully applied for more than 60 international and regional patents in the past 12 years. But in the past two years or so, I have tried to transfer my creativity to the development of trading strategies. Tradingview is the ideal platform for me. I am selecting and contributing some of the hundreds of scripts to publish in Tradingview community. Welcome everyone to interact with me to discuss these interesting pine scripts.

The scripts posted are categorized into 5 levels according to my efforts or manhours put into these works.

Level 1 : interesting script snippets or distinctive improvement from classic indicators or strategy. Level 1 scripts can usually appear in more complex indicators as a function module or element.

Level 2 : composite indicator/strategy. By selecting or combining several independent or dependent functions or sub indicators in proper way, the composite script exhibits a resonance phenomenon which can filter out noise or fake trading signal to enhance trading confidence level.

Level 3 : comprehensive indicator/strategy. They are simple trading systems based on my strategies. They are commonly containing several or all of entry signal, close signal, stop loss, take profit, re-entry, risk management, and position sizing techniques. Even some interesting fundamental and mass psychological aspects are incorporated.

Level 4 : script snippets or functions that do not disclose source code. Interesting element that can reveal market laws and work as raw material for indicators and strategies. If you find Level 1~2 scripts are helpful, Level 4 is a private version that took me far more efforts to develop.

Level 5 : indicator/strategy that do not disclose source code. private version of Level 3 script with my accumulated script processing skills or a large number of custom functions. I had a private function library built in past two years. Level 5 scripts use many of them to achieve private trading strategy.
Release Notes: Add buy sell alerts and labels, inputs added for customized tuning purpose.
Release Notes: remove unrelated charting to avoid confusion
Release Notes: remove redundant text
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LINK: 0xfd4d0eb131e81f44530849


Hi @blackcat1402 ,
Excellent work. One thought here.... Can you sum up the highest probability from each of your indicators and create all in one Super Indie with all goodies of different indies. How wonderful it would be. Your each indicator will contribute to make a super indicator.

Currently I am using your multiple indicator and draw highest probability trade with the pair.

You works are invaluable!!! Thanks.
+9 Svara
blackcat1402 Butdser55
@Butdser55, some many elements, it is not easy. Maybe later, I will update the according releases
+1 Svara
I have being using this one since i found it, i have to tell you that is my main indicator is really usefull for me, volumen buying force, is really accurate telling when to buy and when to sell, i love it thank you for create it (i have not found something similar to this one) another thing that i add to my current setup is the RSI line inside, for me is an extra line of confirmation you could try it.

Below i use other setup that is a mix of WT_LB and VFI_LB you can look for it really good oscilator for the momentun and the vfi tells me the force of the trend. Once again thanks for your creation Blackcat
+4 Svara
@eldiplo, Hola ahora puedes ver este indicador, yo no puedo y no ser el porqué?
@eldiplo, can you share the scripts
Hi @blackcat1402

Possible to set an alert when the whale (yellow bar) appear ?

+3 Svara
Y con este indicador tgambien me pasa lo mismo, me da error cuando lo pongo en el gráfico, antes no me pasaba y ahora sí, sabrían el porqué ?
+1 Svara
odren2502 joaquincarabias
@joaquincarabias, I have the same problem
L2 is indeed more popular than L1, faster # of thumbs increase
+1 Svara