Hash Ribbons

2019년 10월 30일

Buying during Miner Capitulation yields wonderful returns.

The best buy signals occur on Hash Rate "recovery", and when price momentum is also positive.

Historically, this strategy has yielded average returns to cycle peak of >5000%, with max Drawdown of -15%.

Follow me to learn more about this indicator.

2019년 10월 30일

릴리즈 노트

Updated shape titles.

2019년 10월 30일

릴리즈 노트

Cleaned up chart/code. No technical changes.

2019년 11월 12일

릴리즈 노트

More chart formatting for clarity on "light" TradingView theme.

No technical changes.

2019년 11월 16일

릴리즈 노트

Release Notes: Update v1.1

• 
  All prior calculation logic remains unchanged.
  
  This Update includes:
  
• Fix of re-painting issue on live data. This stop false alerts before the daily bar has closed. On live data, yesterday’s Hash Rates will be used regardless of the Bitcoin ticker symbol you are looking at.
  
• Addition of multi-time-frame management. This now gives you the ability to use this indicator on any time-frame (Minutely, Hourly, Daily) and always know you are looking at the Hash rate values from yesterday's close.
  

Enjoy!

2019년 11월 18일

릴리즈 노트

Added optional Hash Rate "Growth" Oscillator.

To use, change the indicator setting "Plot Type" to "Oscillator".

For more information, see my TradingView "Idea": "Miner Confusion? An Unusual State in Hash Rate Growth"

2019년 11월 19일

릴리즈 노트

Added "Capitulation" and "Recovery" text to plot

2019년 11월 19일

릴리즈 노트

• Added chart "alerts" for easier notification
  
• Added chart shape "titles"
  
• Minor chart formatting tweaks
  
• No calculation changes
  

2019년 11월 23일

릴리즈 노트

• Added notes in code explaining how to use the "Spring" (copied below)
  
• Added option to display raw Hash Rate
  
• Fixed minor bug where 1 blue circle in 2012 didn't appear on the chart
  

The "Spring" is the confirmed Miner Capitulation period:
- The 1st "gray" circle is the start of Capitulation (1 month Hash Rate crosses UNDER 2 month Hash Rate)
- Last "green" circle is the end of Capitulation (1 month Hash Rate crosses OVER 2 month Hash Rate)
- The "greener" the spring gets (up until blue) represents Hash Rate recovery (it is increasing)
- The "blue" circle is the first instance of positive momentum following recovery of Hash Rate (1m HR > 2m HR). This is historically a rewarding place to buy with limited downside.

2019년 11월 28일

릴리즈 노트

Small fix for intra-day time frame management.

2019년 11월 29일

릴리즈 노트

Minor code tweak.

2020년 2월 3일

릴리즈 노트

Minor code optimization - no logic change.

2020년 4월 27일

릴리즈 노트

Updated projected date for the 3rd halving in May 2020.

2022년 7월 4일

릴리즈 노트

sourcing

2022년 7월 5일

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Sourcing update

2024년 2월 6일

릴리즈 노트

Updated script to use "Into the block" datasource given Nasdaq data hasn't updated in a month.