OPEN-SOURCE SCRIPT
BTC Seasonality Strategy (Weekly)
This strategy identifies potential weekend opportunities in Bitcoin (BTC) markets by leveraging the concept of seasonality, entering a position at a predefined time and day, and exiting at a specified time and day.
Key Features
Customizable Time and Day Selection:
Users can select the entry and exit days and corresponding times (in EST).
Directional Flexibility:
The strategy allows traders to choose between long or short positions.
TradingView Compliance:
The script adheres to TradingView's house rules, avoids overly complex conditions, and provides clear user-configurable inputs.
How It Works
The script determines the current weekday and hour in EST, converting TradingView's UTC time for accurate comparisons.
If the current day and hour match the selected entry conditions, a trade (long or short) is opened.
The position is closed when the current day and hour match the specified exit conditions.
Theoretical Basis
Market Seasonality:
The concept of seasonality in financial markets refers to predictable patterns based on time, such as weekends or specific days of the week. Studies have shown that cryptocurrency markets exhibit unique trading behaviors during weekends due to reduced institutional activity and higher retail participation behavioral Biases**:
Retail traders often dominate weekend markets, potentially causing predictable inefficiencies .
Reverences**
Baur, D. G., Hong, K., & Lee, A. D. (2018). Bitcoin: Medium of exchange or speculative assets? Journal of International Financial Markets, Institutions and Money, 54, 177–189.
Urquhart, A. (2016). The inefficiency of Bitcoin. Economics Letters, 148, 80–82.
Key Features
Customizable Time and Day Selection:
Users can select the entry and exit days and corresponding times (in EST).
Directional Flexibility:
The strategy allows traders to choose between long or short positions.
TradingView Compliance:
The script adheres to TradingView's house rules, avoids overly complex conditions, and provides clear user-configurable inputs.
How It Works
The script determines the current weekday and hour in EST, converting TradingView's UTC time for accurate comparisons.
If the current day and hour match the selected entry conditions, a trade (long or short) is opened.
The position is closed when the current day and hour match the specified exit conditions.
Theoretical Basis
Market Seasonality:
The concept of seasonality in financial markets refers to predictable patterns based on time, such as weekends or specific days of the week. Studies have shown that cryptocurrency markets exhibit unique trading behaviors during weekends due to reduced institutional activity and higher retail participation behavioral Biases**:
Retail traders often dominate weekend markets, potentially causing predictable inefficiencies .
Reverences**
Baur, D. G., Hong, K., & Lee, A. D. (2018). Bitcoin: Medium of exchange or speculative assets? Journal of International Financial Markets, Institutions and Money, 54, 177–189.
Urquhart, A. (2016). The inefficiency of Bitcoin. Economics Letters, 148, 80–82.
Script de código aberto
Em verdadeiro espírito do TradingView, o criador deste script o tornou de código aberto, para que os traders possam revisar e verificar sua funcionalidade. Parabéns ao autor! Embora você possa usá-lo gratuitamente, lembre-se de que a republicação do código está sujeita às nossas Regras da Casa.
Where others speculate, we systematize.
edgetools.org
edgetools.org
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.
Script de código aberto
Em verdadeiro espírito do TradingView, o criador deste script o tornou de código aberto, para que os traders possam revisar e verificar sua funcionalidade. Parabéns ao autor! Embora você possa usá-lo gratuitamente, lembre-se de que a republicação do código está sujeita às nossas Regras da Casa.
Where others speculate, we systematize.
edgetools.org
edgetools.org
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.