OPEN-SOURCE SCRIPT
CryptoStatus / Crypto/Bitcoin Daily/Weekly Regime Engine
CryptoStatus is a top-down regime indicator built specifically for crypto. It answers one question clearly and keeps it on your screen no matter what timeframe you are working: is the crypto market bullish, bearish, or neutral right now, and how much should you trust that read? The regime is computed off a fixed Daily or Weekly anchor, so the status stays stable while you analyze any intraday chart underneath it.
HOW THE STATUS IS DETERMINED
The market STATUS is driven by one thing only: the Bitcoin regime ribbon read at your chosen anchor timeframe. CryptoStatus uses a four-SMMA ribbon (8/16/24/32 on HL2) with tangle and flat-zone detection. When the ribbon is cleanly separated and rising, the status is BULLISH (gold). Cleanly separated and falling, it is BEARISH (blue). Tangled or inside the neutral zone, it is NEUTRAL (near-white). A confirmation buffer requires the raw regime to hold for a configurable number of anchor bars before the displayed status flips, which cuts whipsaw at the turns. This keeps the headline call simple and legible rather than a muddy composite of many inputs.
HOW CONFIDENCE WORKS
The status tells you direction. Confidence tells you conviction. It is built from the decisiveness of the ribbon spread, then modulated by three crypto-native factors, none of which can override the status. They only raise or lower the confidence number depending on whether they back or fight the trend.
The first factor is open interest. CryptoStatus reads OI relative to its own moving average. A healthy rise in leverage backing a trend reads as risk-on and adds confidence. Extreme leverage reads as stress, a crowded and fragile condition that historically precedes violent liquidation moves, and subtracts confidence.
The second factor is alt participation, read from TOTAL3 (the combined market cap of all coins excluding Bitcoin and Ethereum). This is a breadth or fragility gauge. When the broad altcoin market trends with Bitcoin, participation is broad and the move is healthy. When Bitcoin rises while alts fall, the move is narrow and BTC-only, which is fragile. The table labels this relationship directly: CONFIRMING in a bull with alts rising, NARROWING in a bull with alts falling, CAPITULATE in a bear with alts falling, and ROTATING in a bear with alts rising (alts decoupling or leading).
The third factor is Bitcoin dominance (BTC.D). Rising dominance means capital is concentrating into Bitcoin and out of alts, a risk-off posture within crypto. Falling dominance means the market is broadening. Dominance is interpreted so that broadening backs a bull read and concentration fights it.
A neutral status always reports low confidence, because a neutral market has not committed to a direction.
DIVERGENCES
CryptoStatus detects three orthogonal divergence types on the chart symbol at the anchor timeframe. RSI divergence flags momentum failing to confirm a price extreme. ADX-falling exhaustion flags a price extreme made while trend strength is fading. OI divergence flags a price extreme that leveraged positioning is not confirming. When two or more fire within a short window, a confluence shading marks the bar. Each divergence type has its own marker and color so you can read them at a glance.
COMPOSITE SCORE
A 0 to 100 CryptoScore blends the regime, RSI, money flow, and OBV into a single faster read, with ADX acting as a conviction multiplier. It is more granular than the categorical status and often moves ahead of it.
CROSS-TIMEFRAME ALIGNMENT
The table includes a cross-reference row showing the other anchor's status and score. If you are on the Daily anchor it shows the Weekly read, and vice versa. The row tints green when the two timeframes agree on direction and red when they conflict, turning CryptoStatus into a quick multi-timeframe alignment check. Aligned timeframes suggest trend-with-trend conditions; conflicting timeframes suggest a counter-trend move within a larger trend.
EXPORTABLE VALUES
CryptoStatus publishes its Regime, Confidence, and Market Score as hidden data-window plots, so other indicators can subscribe to them via the source input and read the regime from one source of truth.
INPUTS AND DEFAULTS
The anchor defaults to Daily and can be switched to Weekly. The Bitcoin regime symbol, open interest symbol, TOTAL3 symbol, and BTC dominance symbol are all configurable, and every external read is na-safe: if a symbol does not resolve on your data feed, that factor simply contributes nothing rather than breaking the indicator. The ribbon, neutral zone, confirmation buffer, factor thresholds, divergence settings, and score weights are all adjustable.
This tool is designed as a regime and context layer to sit alongside your entry system, not as a standalone buy or sell signal generator.
This indicator is provided for educational and informational purposes only. It is not financial advice. Past performance and historical behavior do not guarantee future results. Trade at your own risk.
TheurgyLabs — Conjured with AI
HOW THE STATUS IS DETERMINED
The market STATUS is driven by one thing only: the Bitcoin regime ribbon read at your chosen anchor timeframe. CryptoStatus uses a four-SMMA ribbon (8/16/24/32 on HL2) with tangle and flat-zone detection. When the ribbon is cleanly separated and rising, the status is BULLISH (gold). Cleanly separated and falling, it is BEARISH (blue). Tangled or inside the neutral zone, it is NEUTRAL (near-white). A confirmation buffer requires the raw regime to hold for a configurable number of anchor bars before the displayed status flips, which cuts whipsaw at the turns. This keeps the headline call simple and legible rather than a muddy composite of many inputs.
HOW CONFIDENCE WORKS
The status tells you direction. Confidence tells you conviction. It is built from the decisiveness of the ribbon spread, then modulated by three crypto-native factors, none of which can override the status. They only raise or lower the confidence number depending on whether they back or fight the trend.
The first factor is open interest. CryptoStatus reads OI relative to its own moving average. A healthy rise in leverage backing a trend reads as risk-on and adds confidence. Extreme leverage reads as stress, a crowded and fragile condition that historically precedes violent liquidation moves, and subtracts confidence.
The second factor is alt participation, read from TOTAL3 (the combined market cap of all coins excluding Bitcoin and Ethereum). This is a breadth or fragility gauge. When the broad altcoin market trends with Bitcoin, participation is broad and the move is healthy. When Bitcoin rises while alts fall, the move is narrow and BTC-only, which is fragile. The table labels this relationship directly: CONFIRMING in a bull with alts rising, NARROWING in a bull with alts falling, CAPITULATE in a bear with alts falling, and ROTATING in a bear with alts rising (alts decoupling or leading).
The third factor is Bitcoin dominance (BTC.D). Rising dominance means capital is concentrating into Bitcoin and out of alts, a risk-off posture within crypto. Falling dominance means the market is broadening. Dominance is interpreted so that broadening backs a bull read and concentration fights it.
A neutral status always reports low confidence, because a neutral market has not committed to a direction.
DIVERGENCES
CryptoStatus detects three orthogonal divergence types on the chart symbol at the anchor timeframe. RSI divergence flags momentum failing to confirm a price extreme. ADX-falling exhaustion flags a price extreme made while trend strength is fading. OI divergence flags a price extreme that leveraged positioning is not confirming. When two or more fire within a short window, a confluence shading marks the bar. Each divergence type has its own marker and color so you can read them at a glance.
COMPOSITE SCORE
A 0 to 100 CryptoScore blends the regime, RSI, money flow, and OBV into a single faster read, with ADX acting as a conviction multiplier. It is more granular than the categorical status and often moves ahead of it.
CROSS-TIMEFRAME ALIGNMENT
The table includes a cross-reference row showing the other anchor's status and score. If you are on the Daily anchor it shows the Weekly read, and vice versa. The row tints green when the two timeframes agree on direction and red when they conflict, turning CryptoStatus into a quick multi-timeframe alignment check. Aligned timeframes suggest trend-with-trend conditions; conflicting timeframes suggest a counter-trend move within a larger trend.
EXPORTABLE VALUES
CryptoStatus publishes its Regime, Confidence, and Market Score as hidden data-window plots, so other indicators can subscribe to them via the source input and read the regime from one source of truth.
INPUTS AND DEFAULTS
The anchor defaults to Daily and can be switched to Weekly. The Bitcoin regime symbol, open interest symbol, TOTAL3 symbol, and BTC dominance symbol are all configurable, and every external read is na-safe: if a symbol does not resolve on your data feed, that factor simply contributes nothing rather than breaking the indicator. The ribbon, neutral zone, confirmation buffer, factor thresholds, divergence settings, and score weights are all adjustable.
This tool is designed as a regime and context layer to sit alongside your entry system, not as a standalone buy or sell signal generator.
This indicator is provided for educational and informational purposes only. It is not financial advice. Past performance and historical behavior do not guarantee future results. Trade at your own risk.
TheurgyLabs — Conjured with AI
Skrypt open-source
W zgodzie z duchem TradingView twórca tego skryptu udostępnił go jako open-source, aby użytkownicy mogli przejrzeć i zweryfikować jego działanie. Ukłony dla autora. Korzystanie jest bezpłatne, jednak ponowna publikacja kodu podlega naszym Zasadom serwisu.
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Informacje i publikacje nie stanowią i nie powinny być traktowane jako porady finansowe, inwestycyjne, tradingowe ani jakiekolwiek inne rekomendacje dostarczane lub zatwierdzone przez TradingView. Więcej informacji znajduje się w Warunkach użytkowania.
Skrypt open-source
W zgodzie z duchem TradingView twórca tego skryptu udostępnił go jako open-source, aby użytkownicy mogli przejrzeć i zweryfikować jego działanie. Ukłony dla autora. Korzystanie jest bezpłatne, jednak ponowna publikacja kodu podlega naszym Zasadom serwisu.
Wyłączenie odpowiedzialności
Informacje i publikacje nie stanowią i nie powinny być traktowane jako porady finansowe, inwestycyjne, tradingowe ani jakiekolwiek inne rekomendacje dostarczane lub zatwierdzone przez TradingView. Więcej informacji znajduje się w Warunkach użytkowania.