[blackcat] L4 Banker Fund Flow Trend Oscillator

31 Jul 2021

Level: 4

Background

The large funds or banker fund are often referred to as Whale. Whale can have a significant impact on the price movements in various markets, especially in cryptocurrency . Therefore, how to monitor Whale trends is of great significance both in terms of fundamentals and technical aspects. I had published (blackcat1402) L3 Banker Fund Flow Trend Oscillator as open sourced version. Since this indicator is one of the most popular indicators in my collections. Many requested advanced features and improvements on accuracy. Here is the link of free version of L3 Banker Fund Flow Trend Oscillator:

https://www.tradingview.com/script/791WkWcm-blackcat-L3-Banker-Fund-Flow-Trend-Oscillator/


Function

L4 Banker Fund Flow Trend Oscillator can give you a model of complete banker fund flow operation in cycles. Compared to L3 free and open source version, it contains more advanced algorithms to provide entries. It is comprehensive to disclose the price trend with overbought and oversold znoes. That is the reason why I list this as Level 4, which is closed source and invited-only. Each cycle of banker fund flow may have 5 steps in max as entry, increase position, decrease position, exit, and weak rebound for exit.


Inputs

• Middle Trend Period --> Multiple layers of trend identification. This is used to define middle term trend, default value is 34.
  
• Small Trend Period --> Multiple layers of trend identification. This is used to define short term trend, default value is 5.
  
• Tiny Trend Period --> Multiple layers of trend identification. This is used to define ripple level tiny trend, default value is 3.
  
• Trigger Period --> The slowline signal compared to above trends and it determine candle body length.
  
• Overbought Threshold --> User defined overbought threshold, default value is 89.
  
• Oversold Threshold --> User defined oversold threshold, default value is 11.
  
• Long Trend Period Multiplier --> determine a larger time frame multiplifier to see larger trend moves.
  
• Whale Scaler --> A scaling factor input to see whale dumps and pump more clearly in vision.
  

Key Signal

A much improved version of Banker Fund Flow Trend candles with the same color definitions:

• 1. banker fund entry with yellow candle;
  
• 2. banker increase position with green candle;
  
• 3. banker decrease position with white candle;
  
• 4. banker fund exit/quit with red candle;
  
• 5. banker fund weak rebound with blue candle;
  

Buy-Sell Labels --> Green for "Buy" and Red for "Sell".

Besides, this indicator also integrated with L5 Whale Jump Out of Ocean X function to track banker fund based pumps and dumps:

• Long Whales / Banker Pump--> fuchsia and red stick bars (Motive waves with fuchsia color; corrective waves with red color)
  
• Short Whales / Banker Dump --> yellow and red green stick bars (Motive waves with yellow color; corrective waves with green color)
  

Pros and Cons

Suitable for discretionary trading and auto trading with alerts.
Intuitive and effective, the output signal is more reliable after multi-indicator resonance.

Remarks

My 2nd L4 indicator published
Closed-source
Invite-only
Redeem rule: constant 500 tradingview coins per month and 500X10 tradingview coins per year.

31 Jul 2021

Catatan Rilis

This release add dynamic message alerts for whale pump and dump: when whale start jump long or short (S+ XS+, L+ XL+)
L+ --> Whale Pump Long Entry
XL+ --> Whale Stop Pump or Close Long Signal
S+ --> Whale Dump Short Entry
XS+ --> Whale Stop Dump or Close Short Signal

31 Jul 2021

Catatan Rilis

Update whale alerts' label transparency.

4 Nov 2021

Catatan Rilis

As requested, I add plot signal for zendog backtest as:
/////////////// Plotting ///////////////
plot(buy ? 1:0, title="buy", title="Buy", display=display.none) //plot for buy icon
plot(sell ? 1:0, title="sell", title="Sell", display=display.none)