Big Whale Purchases and Sales — Strategy by Powerscooter
By Powerscooter
Performance Metrics
- Author: Powerscooter
- Symbol: BINANCE:DOGEUSDT
- Timeframe: 1 day
Description
Nov 4, 2022Big Whale Purchases and Sales - plots big whale transactions on your chart!People that hold more than 1% of a crypto currencies circulating supply are considered whales and have a huge influence on price, not just because they can move the market with their huge transactions, but also because other traders often track their wallets and follow their example. Taking a look at whale holdings, one can see why whale worship is so common in crypto: While Bitcoin has a relatively low whale concentration, many of the Top 100 Cryptocurrencies have whales control 60% or more of their circulating supply.Integrating IntoTheBlock data, this script plots the transactions of these whales and, in strategy mode, copy trades them.Features:Strategy Mode: Switches the script between an indicator and a strategy.Standard Deviations: The number of Standard Deviations that a transaction needs to surpass to be considered worth plotting. Setting this to 0 will show all whale transactions, higher settings will only show the biggest transactions.Blockchain: The Chain on which Whale activity is tracked.Dec 3, 2023Release NotesReplaced switch function with a string combinator.Fixed rare issue where small purchases would show up as sales if both standard deviation bands had the same sign and vice versa.Hidden display of 1/0 on status line when in plotshape mode.