OPEN-SOURCE SCRIPT
AlphaVault - Iron Turtle 1D v2.00
Iron Turtle — scheduled spot accumulation, bear regimes only
BTC/USDT · Daily chart only · spot · buy-only, never sells
WHAT IT DOES
The Iron Turtle buys a fixed amount of BTC on a fixed schedule, but only while a
long-term downtrend is confirmed. When the downtrend ends it stops buying and tells you
so. It never sells, never uses leverage, and never tries to time a bottom.
It is not a trading strategy and does not pretend to be one. It is a rule that decides
when a recurring purchase should be switched on and off.
HOW IT WORKS
Two things, and that is the whole system.
1. THE REGIME TEST. On each daily close the script compares price against a 200-period
simple moving average of daily closes and a 20-period exponential moving average of
weekly closes, both taken from the last COMPLETED bar. Price below BOTH means the
bear regime is confirmed. Anything else means it is not.
2. THE SCHEDULE. While the bear regime is confirmed, the script marks a buy every N
days — 7 by default — for a fixed cash amount you set. It plots each one on the
chart and can fire an alert so you place the order yourself, or route it to a bot.
When price closes back above both filters for a set number of confirming days, the
script stops marking buys and fires a hand-off alert. That is the end of its job. What
you do with the accumulated position is entirely your decision; the script has no
opinion and no sell logic.
The regime test is deliberately the same one our other scripts use to stay OUT of the
market. Here it runs in reverse: what makes a timing strategy go flat is what makes
this one buy.
WHY IT IS OPEN SOURCE
Because there is nothing in it worth hiding, and pretending otherwise would be
dishonest. There are no optimised parameters — the moving average lengths are the
conventional ones, the schedule is a plain interval, and every rule was fixed before
any testing. You are reading the entire method above, and the code says the same thing.
A closed-source version of this would be asking you to trust a black box that has no
box.
HOW TO USE IT
- Set the chart to BTC/USDT on the Daily timeframe. The script blocks signals on any
other timeframe and shows a warning.
- Set your tranche size — the fixed cash amount per purchase.
- Set the interval in days.
- Right-click a buy marker to create an alert, or use the built-in alert for a bot.
- Add a second alert on the hand-off signal. That is the one that matters most and it
may be months away.
THE ONE THING THAT DECIDES WHETHER THIS WORKS FOR YOU
Budget for the whole bear before you start. A crypto bear market can run two years.
If you intend to buy weekly, size the tranche so you could keep buying for that long
without stopping — roughly tranche × 100 committed in total. Running out of money
halfway through is the single most common way scheduled accumulation fails, and it
converts a working plan into a realised loss at the worst possible moment.
LIMITATIONS AND SHORTCOMINGS — PLEASE READ
- It will be underwater for most of the time it is running. It buys into falling
prices by design, so an unrealised loss during accumulation is arithmetic, not
malfunction. If watching that for months is not something you can sit through,
this is the wrong tool and it is better to know now.
- No performance figures are shown here, and that is not modesty. An indicator
produces no strategy report on TradingView, so any number quoted would be
unverifiable. The rules are fully described above; test them yourself.
- It assumes bear markets eventually end. Every crypto bear so far has resolved into
a bull, but that is history, not a law, and nothing here guarantees it repeats.
- It never sells, so it gives you a position and no exit plan. That is deliberate,
and it means the hard decision is still yours.
- It does nothing at all in a bull market. Most of the time, the correct behaviour of
this script is to sit still.
- It cannot time a bottom and does not try. It will keep buying while price falls
further, and will stop buying only after the trend has already turned.
NO REPAINTING
The regime state and every buy marker use completed daily and weekly bars only,
requested without lookahead. A marker that appears on a closed bar will not move or
disappear afterwards.
BTC/USDT · Daily chart only · spot · buy-only, never sells
WHAT IT DOES
The Iron Turtle buys a fixed amount of BTC on a fixed schedule, but only while a
long-term downtrend is confirmed. When the downtrend ends it stops buying and tells you
so. It never sells, never uses leverage, and never tries to time a bottom.
It is not a trading strategy and does not pretend to be one. It is a rule that decides
when a recurring purchase should be switched on and off.
HOW IT WORKS
Two things, and that is the whole system.
1. THE REGIME TEST. On each daily close the script compares price against a 200-period
simple moving average of daily closes and a 20-period exponential moving average of
weekly closes, both taken from the last COMPLETED bar. Price below BOTH means the
bear regime is confirmed. Anything else means it is not.
2. THE SCHEDULE. While the bear regime is confirmed, the script marks a buy every N
days — 7 by default — for a fixed cash amount you set. It plots each one on the
chart and can fire an alert so you place the order yourself, or route it to a bot.
When price closes back above both filters for a set number of confirming days, the
script stops marking buys and fires a hand-off alert. That is the end of its job. What
you do with the accumulated position is entirely your decision; the script has no
opinion and no sell logic.
The regime test is deliberately the same one our other scripts use to stay OUT of the
market. Here it runs in reverse: what makes a timing strategy go flat is what makes
this one buy.
WHY IT IS OPEN SOURCE
Because there is nothing in it worth hiding, and pretending otherwise would be
dishonest. There are no optimised parameters — the moving average lengths are the
conventional ones, the schedule is a plain interval, and every rule was fixed before
any testing. You are reading the entire method above, and the code says the same thing.
A closed-source version of this would be asking you to trust a black box that has no
box.
HOW TO USE IT
- Set the chart to BTC/USDT on the Daily timeframe. The script blocks signals on any
other timeframe and shows a warning.
- Set your tranche size — the fixed cash amount per purchase.
- Set the interval in days.
- Right-click a buy marker to create an alert, or use the built-in alert for a bot.
- Add a second alert on the hand-off signal. That is the one that matters most and it
may be months away.
THE ONE THING THAT DECIDES WHETHER THIS WORKS FOR YOU
Budget for the whole bear before you start. A crypto bear market can run two years.
If you intend to buy weekly, size the tranche so you could keep buying for that long
without stopping — roughly tranche × 100 committed in total. Running out of money
halfway through is the single most common way scheduled accumulation fails, and it
converts a working plan into a realised loss at the worst possible moment.
LIMITATIONS AND SHORTCOMINGS — PLEASE READ
- It will be underwater for most of the time it is running. It buys into falling
prices by design, so an unrealised loss during accumulation is arithmetic, not
malfunction. If watching that for months is not something you can sit through,
this is the wrong tool and it is better to know now.
- No performance figures are shown here, and that is not modesty. An indicator
produces no strategy report on TradingView, so any number quoted would be
unverifiable. The rules are fully described above; test them yourself.
- It assumes bear markets eventually end. Every crypto bear so far has resolved into
a bull, but that is history, not a law, and nothing here guarantees it repeats.
- It never sells, so it gives you a position and no exit plan. That is deliberate,
and it means the hard decision is still yours.
- It does nothing at all in a bull market. Most of the time, the correct behaviour of
this script is to sit still.
- It cannot time a bottom and does not try. It will keep buying while price falls
further, and will stop buying only after the trend has already turned.
NO REPAINTING
The regime state and every buy marker use completed daily and weekly bars only,
requested without lookahead. A marker that appears on a closed bar will not move or
disappear afterwards.
סקריפט קוד פתוח
ברוח האמיתית של TradingView, יוצר הסקריפט הזה הפך אותו לקוד פתוח, כך שסוחרים יוכלו לעיין בו ולאמת את פעולתו. כל הכבוד למחבר! אמנם ניתן להשתמש בו בחינם, אך זכור כי פרסום חוזר של הקוד כפוף ל־כללי הבית שלנו.
Free BTC bear-market accumulator: alphavault.net/iron-turtle
כתב ויתור
המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.
סקריפט קוד פתוח
ברוח האמיתית של TradingView, יוצר הסקריפט הזה הפך אותו לקוד פתוח, כך שסוחרים יוכלו לעיין בו ולאמת את פעולתו. כל הכבוד למחבר! אמנם ניתן להשתמש בו בחינם, אך זכור כי פרסום חוזר של הקוד כפוף ל־כללי הבית שלנו.
Free BTC bear-market accumulator: alphavault.net/iron-turtle
כתב ויתור
המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.