OPEN-SOURCE SCRIPT
Confirmed Close MTPI TOTALES
WHAT THIS IS
This is a trend indicator for the total crypto market cap excluding stablecoins (CRYPTOCAP:TOTALES). It answers one question: is the crypto market in an uptrend or a downtrend right now?
It does that by running twelve separate trend indicators at once and taking a vote. Each of the twelve looks at the chart in its own way and says either "up" or "down". The score you see is simply the average of those twelve votes. All twelve agreeing up gives +1.00. All twelve agreeing down gives -1.00. Six against six gives 0.00.
Because twelve votes average out, the score can only land on thirteen values, one sixth apart: -1.00, -0.83, -0.67 and so on up to +1.00.
This approach is usually called a Trend Probability Indicator, or TPI. The point is that no single indicator is reliable on its own. Any one of them will whipsaw you. A group of twelve disagreeing with each other is information, and the score tells you how much of that group agrees.
WHY "CONFIRMED CLOSE"
A lot of indicators change their mind while the current candle is still forming, then change back before it closes. That is called repainting and it makes an indicator untradeable, because the signal you acted on may not be there an hour later.
This one does not do that. While today's candle is still open, the indicator shows you yesterday's confirmed reading. The state only changes when a daily candle actually closes. What you see is what you could have traded.
HOW TO READ IT
On the price chart:
- Candles are painted green while the score is above zero and red while it is below. This is the state, at a glance.
- A green triangle with the word BULLISH below it marks the candle where the score turned positive. A red triangle with BEARISH above it marks the turn down. These are the moments that matter.
- Two moving averages, a 12 period and a 21 period EMA, are drawn as a reference. They are a crude version of the same question and they are there so you can see how much smoother the twelve indicator version is.
- Bars are tinted amber where the twelve indicator score and the simple 12/21 cross disagree. Those are the bars where the crude version would have put you on the wrong side.
In the separate pane below:
- The stepped line is the score, from -1.00 to +1.00, filled to the zero line and coloured by state.
- Dotted lines at +0.5 and -0.5 give you a sense of how strong the agreement is. A score of +1.00 is twelve out of twelve. A score of +0.17 is seven against five, which is a trend barely holding together.
The dashboard, bottom right by default:
- The big number is the current score, with the state next to it.
- The bar beside it is a gauge. It fills outward from the middle, right and green for bullish, left and red for bearish.
- The twelve indicators are listed in two columns, the six trend-following ones on the left and the six oscillators on the right, each showing its own vote. This is where you see WHY the score is what it is.
- "12/21 agree" is the share of days where the twelve indicator score and the simple EMA cross pointed the same way, measured across all the history your chart has loaded. Read it as a rough measure of how often the crude version would have agreed with the careful one. It is measured against the raw cross with no filtering, so treat it as an indication rather than a precise statistic.
- "Regime" is how many days the current state has lasted. It turns amber below eight days, because a trend that has not lasted eight days has a habit of being noise.
HOW TO USE IT
The simplest use is the one it was built for. When the score is above zero, the crypto market is in an uptrend and you hold risk. When it is below zero, it is not, and you do not. You act on the close, and you execute on the open of the next candle. Anything earlier is acting on a candle that has not finished forming.
Set an alert if you do not want to watch it. The script exposes two alert conditions, one for the turn up and one for the turn down, and both fire only on a confirmed daily close.
Read the twelve rows when the score is near zero. A score of +0.17 that is being held up by two oscillators is a very different situation from a +0.17 where the trend-following group is turning. The individual votes tell you which one you are in.
THE WIDER SYSTEM THIS BELONGS TO
This indicator is one rung of a ladder. The idea is that you are always holding the strongest available thing, and that the decision is made in steps rather than all at once.
Step one. This indicator, on the total crypto market cap. If it is positive, you stay in crypto and you go to step two. If it is negative, you leave crypto and go to step three.
Step two, only when crypto is bullish. An ETH/BTC ratio TPI decides which of the two majors leads. Positive means ether is outperforming and ether is the base holding. Negative means bitcoin is. From there a further layer of ratio TPIs compares mid caps against whichever major won, and the ones that are outperforming get a share of the book.
Step three, when crypto is bearish. A gold TPI. If gold is in an uptrend, that is where the money sits.
Step four, when gold is not working either. An index TPI on the S&P 500. If equities are trending up, that is the holding.
Step five, when nothing is trending. Cash, and a EUR/USD TPI decides whether that cash is better held in euros or in dollars.
Each rung is its own TPI, built the same way: twelve indicators, one vote each, tuned separately for that market. The ladder simply asks them in order.
A SET, NOT A SINGLE SCRIPT
This is the first published piece of that set. The other rungs are built and running and will follow as separate publications, each one an indicator for its own market, all reading the same way so you only have to learn the layout once.
ABOUT THE SETTINGS
The twelve indicators and their periods are visible in the settings and in the source. They were tuned for this specific market against a cleaned 12/21 EMA reference on daily data from January 2023 onward, with regimes shorter than eight days treated as noise and removed before the tuning was scored. The symbol itself has daily history back to March 2014 if you want to look further back.
Those numbers are right for the total crypto market cap. They are not automatically right for anything else. If you put this on another symbol, expect to retune. That is the honest answer, and it is why each market in the set gets its own publication rather than one script with a symbol dropdown.
Two of the twelve are read on a smoothed line rather than the raw one, which is deliberate: the CCI is scored on its EMA 5 smoothing and the RSI on its EMA 9. The Awesome Oscillator is scored on its raw line. Those choices are in the code and commented.
HOW FAITHFUL THE REBUILD IS
Because seven of the twelve are rewritten from other people's published formulas rather than called directly, the obvious question is whether they behave the same. They do. Every one of the twelve votes was compared bar by bar against the original indicator running on the same chart, across the full loaded history. Zero disagreements on any of the twelve, and the combined score matched on every single bar.
That check is worth repeating if you change a setting, and it is why each vote is exposed as a hidden plot in the script rather than kept internal.
CREDIT WHERE IT IS DUE
Seven of the twelve components are reimplementations of open-source community scripts, written from their published formulas so they could all live in one indicator and be scored consistently. Full credit to the original authors:
- Gaussian Channel by DonovanWall
- Optimized Trend Tracker by KivancOzbilgic
- Awesome Oscillator v2 by KivancOzbilgic
- Hull Suite by InSilico
- SSL Channel by ErwinBeckers
- Follow Line Indicator by Dreadblitz
- WaveTrend by LazyBear
The remaining five are standard: ALMA, CCI, RSI, Coppock Curve and the Fisher Transform.
What is added here is the aggregation into a single score, the confirmed close behaviour, the per indicator breakdown, the agreement measurement against the reference, and the ladder logic this is built to serve.
LIMITATIONS AND A PLAIN WARNING
This is a trend indicator. It is late by design. It will not catch the exact top or the exact bottom, and it is not supposed to. It will be wrong in a sideways market, which is what the eight day regime warning is there to tell you.
Nothing here is financial advice. It is a tool for reading a chart. Past behaviour of any indicator tells you nothing reliable about the future. Do your own work and size your positions so that being wrong is survivable.
This is a trend indicator for the total crypto market cap excluding stablecoins (CRYPTOCAP:TOTALES). It answers one question: is the crypto market in an uptrend or a downtrend right now?
It does that by running twelve separate trend indicators at once and taking a vote. Each of the twelve looks at the chart in its own way and says either "up" or "down". The score you see is simply the average of those twelve votes. All twelve agreeing up gives +1.00. All twelve agreeing down gives -1.00. Six against six gives 0.00.
Because twelve votes average out, the score can only land on thirteen values, one sixth apart: -1.00, -0.83, -0.67 and so on up to +1.00.
This approach is usually called a Trend Probability Indicator, or TPI. The point is that no single indicator is reliable on its own. Any one of them will whipsaw you. A group of twelve disagreeing with each other is information, and the score tells you how much of that group agrees.
WHY "CONFIRMED CLOSE"
A lot of indicators change their mind while the current candle is still forming, then change back before it closes. That is called repainting and it makes an indicator untradeable, because the signal you acted on may not be there an hour later.
This one does not do that. While today's candle is still open, the indicator shows you yesterday's confirmed reading. The state only changes when a daily candle actually closes. What you see is what you could have traded.
HOW TO READ IT
On the price chart:
- Candles are painted green while the score is above zero and red while it is below. This is the state, at a glance.
- A green triangle with the word BULLISH below it marks the candle where the score turned positive. A red triangle with BEARISH above it marks the turn down. These are the moments that matter.
- Two moving averages, a 12 period and a 21 period EMA, are drawn as a reference. They are a crude version of the same question and they are there so you can see how much smoother the twelve indicator version is.
- Bars are tinted amber where the twelve indicator score and the simple 12/21 cross disagree. Those are the bars where the crude version would have put you on the wrong side.
In the separate pane below:
- The stepped line is the score, from -1.00 to +1.00, filled to the zero line and coloured by state.
- Dotted lines at +0.5 and -0.5 give you a sense of how strong the agreement is. A score of +1.00 is twelve out of twelve. A score of +0.17 is seven against five, which is a trend barely holding together.
The dashboard, bottom right by default:
- The big number is the current score, with the state next to it.
- The bar beside it is a gauge. It fills outward from the middle, right and green for bullish, left and red for bearish.
- The twelve indicators are listed in two columns, the six trend-following ones on the left and the six oscillators on the right, each showing its own vote. This is where you see WHY the score is what it is.
- "12/21 agree" is the share of days where the twelve indicator score and the simple EMA cross pointed the same way, measured across all the history your chart has loaded. Read it as a rough measure of how often the crude version would have agreed with the careful one. It is measured against the raw cross with no filtering, so treat it as an indication rather than a precise statistic.
- "Regime" is how many days the current state has lasted. It turns amber below eight days, because a trend that has not lasted eight days has a habit of being noise.
HOW TO USE IT
The simplest use is the one it was built for. When the score is above zero, the crypto market is in an uptrend and you hold risk. When it is below zero, it is not, and you do not. You act on the close, and you execute on the open of the next candle. Anything earlier is acting on a candle that has not finished forming.
Set an alert if you do not want to watch it. The script exposes two alert conditions, one for the turn up and one for the turn down, and both fire only on a confirmed daily close.
Read the twelve rows when the score is near zero. A score of +0.17 that is being held up by two oscillators is a very different situation from a +0.17 where the trend-following group is turning. The individual votes tell you which one you are in.
THE WIDER SYSTEM THIS BELONGS TO
This indicator is one rung of a ladder. The idea is that you are always holding the strongest available thing, and that the decision is made in steps rather than all at once.
Step one. This indicator, on the total crypto market cap. If it is positive, you stay in crypto and you go to step two. If it is negative, you leave crypto and go to step three.
Step two, only when crypto is bullish. An ETH/BTC ratio TPI decides which of the two majors leads. Positive means ether is outperforming and ether is the base holding. Negative means bitcoin is. From there a further layer of ratio TPIs compares mid caps against whichever major won, and the ones that are outperforming get a share of the book.
Step three, when crypto is bearish. A gold TPI. If gold is in an uptrend, that is where the money sits.
Step four, when gold is not working either. An index TPI on the S&P 500. If equities are trending up, that is the holding.
Step five, when nothing is trending. Cash, and a EUR/USD TPI decides whether that cash is better held in euros or in dollars.
Each rung is its own TPI, built the same way: twelve indicators, one vote each, tuned separately for that market. The ladder simply asks them in order.
A SET, NOT A SINGLE SCRIPT
This is the first published piece of that set. The other rungs are built and running and will follow as separate publications, each one an indicator for its own market, all reading the same way so you only have to learn the layout once.
ABOUT THE SETTINGS
The twelve indicators and their periods are visible in the settings and in the source. They were tuned for this specific market against a cleaned 12/21 EMA reference on daily data from January 2023 onward, with regimes shorter than eight days treated as noise and removed before the tuning was scored. The symbol itself has daily history back to March 2014 if you want to look further back.
Those numbers are right for the total crypto market cap. They are not automatically right for anything else. If you put this on another symbol, expect to retune. That is the honest answer, and it is why each market in the set gets its own publication rather than one script with a symbol dropdown.
Two of the twelve are read on a smoothed line rather than the raw one, which is deliberate: the CCI is scored on its EMA 5 smoothing and the RSI on its EMA 9. The Awesome Oscillator is scored on its raw line. Those choices are in the code and commented.
HOW FAITHFUL THE REBUILD IS
Because seven of the twelve are rewritten from other people's published formulas rather than called directly, the obvious question is whether they behave the same. They do. Every one of the twelve votes was compared bar by bar against the original indicator running on the same chart, across the full loaded history. Zero disagreements on any of the twelve, and the combined score matched on every single bar.
That check is worth repeating if you change a setting, and it is why each vote is exposed as a hidden plot in the script rather than kept internal.
CREDIT WHERE IT IS DUE
Seven of the twelve components are reimplementations of open-source community scripts, written from their published formulas so they could all live in one indicator and be scored consistently. Full credit to the original authors:
- Gaussian Channel by DonovanWall
- Optimized Trend Tracker by KivancOzbilgic
- Awesome Oscillator v2 by KivancOzbilgic
- Hull Suite by InSilico
- SSL Channel by ErwinBeckers
- Follow Line Indicator by Dreadblitz
- WaveTrend by LazyBear
The remaining five are standard: ALMA, CCI, RSI, Coppock Curve and the Fisher Transform.
What is added here is the aggregation into a single score, the confirmed close behaviour, the per indicator breakdown, the agreement measurement against the reference, and the ladder logic this is built to serve.
LIMITATIONS AND A PLAIN WARNING
This is a trend indicator. It is late by design. It will not catch the exact top or the exact bottom, and it is not supposed to. It will be wrong in a sideways market, which is what the eight day regime warning is there to tell you.
Nothing here is financial advice. It is a tool for reading a chart. Past behaviour of any indicator tells you nothing reliable about the future. Do your own work and size your positions so that being wrong is survivable.
Скрипт с открытым кодом
В истинном духе TradingView, создатель этого скрипта сделал его открытым исходным кодом, чтобы трейдеры могли проверить и убедиться в его функциональности. Браво автору! Вы можете использовать его бесплатно, но помните, что перепубликация кода подчиняется нашим Правилам поведения.
The Rotation Ladder: a five step trend system that decides what to hold, crypto, the leading major, gold, equities or cash. Method, backtest and the live signal, free and in the open. confirmedclose.com
Отказ от ответственности
Информация и публикации не предназначены для предоставления и не являются финансовыми, инвестиционными, торговыми или другими видами советов или рекомендаций, предоставленных или одобренных TradingView. Подробнее читайте в Условиях использования.
Скрипт с открытым кодом
В истинном духе TradingView, создатель этого скрипта сделал его открытым исходным кодом, чтобы трейдеры могли проверить и убедиться в его функциональности. Браво автору! Вы можете использовать его бесплатно, но помните, что перепубликация кода подчиняется нашим Правилам поведения.
The Rotation Ladder: a five step trend system that decides what to hold, crypto, the leading major, gold, equities or cash. Method, backtest and the live signal, free and in the open. confirmedclose.com
Отказ от ответственности
Информация и публикации не предназначены для предоставления и не являются финансовыми, инвестиционными, торговыми или другими видами советов или рекомендаций, предоставленных или одобренных TradingView. Подробнее читайте в Условиях использования.