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Polkadot will be able to hold the 200 moving average? (update)

The token after broken the support at 8,20 (now new resistance) continues the ongoing consolidation phase testing the 200 moving average at 6,8$. Polkadot will be able to hold the 200 moving average? Indicators and oscillators are set positively for the medium term but negative on the short term. If the token will be able to broken the 200 ma the potential target are 5,7$ and then 5.0$!! Obviously a buy opportunity,

Only the market is always right!

Your opinion?

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Polkadot  will be able to hold the 200 moving average? (update)

![](https://ipfs.subsocial.network/ipfs/bafybeidrkbt42x3ybdw3xlxef4or5zkvn67mz2nzv7me6liirtz7eoe7pm?type=.png)

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What Polkadot / Kusama project is everybody excited about today? I’m still buying HDX / SUB / GLMR / and PHALA. What else should I look at?

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![](https://ipfs.subsocial.network/ipfs/bafybeifayus3mbi62ka2mslton2gy67ulyymzxetvv35gq7nuskyxtpbny?type=.png)

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I still exist! I’ve been busy with some other things and writing / editing scripts for new / improved chart indicators so I don’t have to manually draw lines anymore. LOL  
  
![](https://ipfs.subsocial.network/ipfs/bafybeic2dqffgj3z5uev27chccxyyrvahpumuvlwahmxz4s7gl56rzmafe)

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Anyone like to count gaps? I made a fun gap counting and identifying script.  
  
![](https://ipfs.subsocial.network/ipfs/bafybeifukrjms5ueiaolyialntapy4njay7ygulahlg7er6khp6nhxiwba)

bafybeiapkl3muz46gdono2jmldbrapnc3x7eky3la7frw7zpuzgesc4zcu

Updated….  
  
**Release Notes:**

Summary of Changes  
Gap Threshold and Customization:  
  
Added input parameters for defining gap threshold and customizing the appearance of lines for gaps that meet or exceed this threshold. This includes colors, line thickness, and line styles.  
  
Line Management:  
  
Implemented functions to handle the creation, updating, and deletion of lines based on detected gaps.  
  
Added functionality to periodically change the appearance of lines representing older gaps.  
  
Gap Size Labels:  
  
Added options to show or hide labels for gap sizes.  
Included a feature to show detailed debug labels for each gap, displaying bar information and gap details.  
  
Visibility Settings:  
  
Introduced input parameters to hide lines based on their type (threshold, above threshold, below threshold, old gaps).  
  
Gap Filtering:  
  
Added input parameters to filter gaps based on minimum gap size and the number of decimal places.  
  
Enabled or disabled gap filtering based on user preference.  
  
Most Common Gaps Calculation:  
  
Implemented a function to calculate the most common gap sizes and their counts.  
Added a feature to display a label showing the top three most common gap sizes along with their counts.  
  
Dynamic Label Update:  
  
Added logic to dynamically update the label showing the most common gap sizes at the last bar.  
Included an option to hide this label if desired.  
  
Usage Instructions  
Gap Threshold and Customization:  
  
Gap Threshold: Set the minimum gap size to be considered significant.  
  
Line Colors and Styles: Customize the appearance of lines for different gap types (threshold, above threshold, below threshold, old gaps) using color, thickness, and style options.  
  
Visibility Settings:  
  
Hide Threshold Gaps: Enable this option to hide lines for gaps that meet the threshold.  
Hide Above/Below Threshold Gaps: Enable these options to hide lines for gaps above or below the threshold.  
  
Hide Old Gaps: Enable this option to hide lines representing older gaps.  
  
Gap Size Labels:  
  
Show Threshold Gap Sizes: Enable this option to display labels for gaps that meet the threshold.  
Show Non-Threshold Gap Sizes: Enable this option to display labels for gaps that do not meet the threshold.  
  
Show Debug Labels: Enable this option to display detailed debug information for each gap.  
  
Gap Filtering:  
  
Minimum Gap Size: Set the minimum gap size to be considered in the calculation.  
Number of Decimal Places: Define the maximum number of decimal places for gap sizes to be considered.  
  
Enable Gap Filtering: Enable or disable gap filtering based on the above criteria.  
  
Most Common Gaps Label:  
  
Show Most Common Gaps Label: Enable this option to display a label showing the top three most common gap sizes and their counts at the last bar.  
  
By configuring these input settings, users can customize the behavior of the script to suit their specific needs, making it easier to analyze and visualize significant gaps in their data.  
  
<https://www.tradingview.com/script/q4ZSqI7L-Gap-Trend-Lines-by-eyemaginative/>

bafybeidoeloxp2rjjz56v7qpieekcbsptuebfwg6knabb4xec4lwtipxyy

![](https://ipfs.subsocial.network/ipfs/bafybeihlogkm3wqju7puohirrib5yciy5mnduxklx5degb6tz6yr4mtpqq)  
**Introducing Congestion Zone Detection Logic:**

The script now detects congestion zones based on gaps formed between consecutive bars. Specifically, it checks whether the size of the gaps meets certain criteria, which are defined through inputs such as the gap threshold size or the distance between consecutive gap sizes.

Congestion is detected when a defined number of consecutive gaps (set by consecutive\_gaps\_for\_congestion) meet the criteria for being close enough together, either in absolute terms or relative to a threshold.

Gap Tolerance and Threshold:

The congestion zone logic allows you to define a tolerance (gap\_tolerance) for how much the gaps can deviate from a threshold size before they are considered part of a congestion zone. If the gaps stay within this tolerance range, the bars are flagged as being in a congestion zone.  
The option use\_gap\_threshold\_size determines whether the script checks the gap sizes against a specific threshold or just the distance between consecutive gaps.

Congestion Zone Types:

The script identifies three types of congestion zones:  
Ascending Congestion Zone: All gaps in the zone are ascending (price increases).  
Descending Congestion Zone: All gaps are descending (price decreases).  
Mixed Congestion Zone: The gaps are a mix of ascending and descending.

The type of congestion zone is determined by checking whether consecutive gaps are all in one direction or a combination of both.  
Displaying Congestion Zones:

The script has options to show or hide specific types of congestion zones, such as ascending or descending zones. These are controlled by show\_ascending\_congestion\_zones and show\_descending\_congestion\_zones.

Congestion zones are represented visually on the chart as lines. The color, thickness, and style of these lines can be customized for ascending and descending zones. For mixed zones (if handled), a default color/style can be applied.

Congestion Zone Alerts:

If the criteria for a congestion zone are met, and the user has enabled congestion alerts (enable\_congestion\_alerts), the script triggers an alert informing the user that the price has entered a congestion zone.

These alerts can be tied to specific types of congestion zones (ascending, descending, or mixed).

Congestion Zone Lines:

When a congestion zone is detected, lines are drawn on the chart to visually represent the zone. These lines extend over the bars where congestion occurs.

The line's color, thickness, and style are determined based on whether the congestion zone is ascending, descending, or mixed, allowing for visual differentiation between the types of congestion zones on the chart.

In essence, the congestion zone logic helps to identify areas on the chart where price movements are tightly clustered, either moving consistently up or down, or fluctuating in both directions. These zones are highlighted with customizable lines and can trigger alerts based on user-defined settings.

6 days ago

Release Notes

Changed Default Settings Parameters to make initial display more user friendly.

<https://www.tradingview.com/script/q4ZSqI7L-Gap-Trend-Lines-by-eyemaginative/>

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Gap Trend Lines by @eyemaginative

![](https://ipfs.subsocial.network/ipfs/bafybeidtoiqvt4inuqqdw3v25nxbnwssql6u6varuefjocfkdpo6uj2wo4)

**The Geometric Mean Indicator**

This script calculates and plots the Geometric Mean (GM) of two significant price levels (in this case, moving averages) to identify balance points or equilibrium levels in the market.

Key Components of the Script:

Input Variables:

length1: Defines the period for the first moving average (representing the first radius 𝑥x).  
length2: Defines the period for the second moving average (representing the second radius  
𝑦y).

Moving Averages (Price Levels):

ma1: The first moving average (calculated using the closing price over the period defined by length1).

ma2: The second moving average (calculated using the closing price over the period defined by length2).

Geometric Mean (GM) Calculation:

The geometric mean between the two moving averages is calculated as:  
GM = sqrt(ma1 \* ma2)

This value represents the midpoint or balance between the two price levels (analogous to the geometric mean between the radii in the mathematical discovery).

Plotting the Values:

The script plots:

ma1: First moving average (blue line).  
ma2: Second moving average (red line).

geometric\_mean: The geometric mean of the two moving averages (green line), which serves as the dynamic equilibrium point.

Visual Markers for Crossovers:

The script detects when the price crosses above or below the geometric mean:

Green markers (below the bar) indicate a crossover above the geometric mean.  
Red markers (above the bar) indicate a crossover below the geometric mean.

Purpose of the Indicator:  
The Geometric Mean Indicator is designed to:

Highlight equilibrium points: The geometric mean between two price levels can signal areas where the market is balanced or poised for a potential breakout.

Detect potential trend reversals: When the price crosses above or below the geometric mean, it can indicate shifts in market momentum, similar to how the GM in geometry represents a transition point.

How to Use:  
Dynamic Equilibrium: The geometric mean (green line) represents a balance between two price levels (moving averages) and can act as support or resistance.

Price Crossovers: Watch for price crossing the geometric mean to identify potential trend changes or areas of significant price action.

Adjust Inputs: You can modify the lengths of the moving averages (length1 and length2) to adjust the sensitivity of the indicator based on different timeframes or strategies.

Summary in Context of the Geometric Proof:  
The script applies the geometric concept of the Geometric Mean (GM) as a balance point between two radii (represented by moving averages in this case).

It mirrors the idea that the GM is the midpoint of the tangent slope between two circles, where the moving averages (or price levels) serve as the "radii" in the market context.

<https://www.tradingview.com/script/pESspfHR-Geometric-Mean-Indicator/>

bafybeihb2k6cfszo4ymur25drdhiovg356ddbctfbufvriwp2bnynirgmu

Geometric Mean Indicator

![](https://ipfs.subsocial.network/ipfs/bafybeidhv3cpwjj5jewzkbuqhtkrlz5rg3lfpaglz5kf5v6grvi7w4gfzy)Summary of the Magic Touch Line Detector Script:  
Purpose:  
The Magic Touch Line Detector script is designed to identify significant price points in the market by analyzing candlestick wicks and bodies. It plots lines based on the detected wicks, classifying them as either ascending or descending. The script tracks how frequently price touches these lines and highlights the "most touched" lines for both ascending and descending categories. This script is particularly useful for traders looking to identify key price levels and trends over time.

How It Works:  
Wick and Body Detection:  
The script starts by analyzing the highs and lows of candlestick wicks relative to their bodies over a user-defined lookback period. A significant wick is identified based on a specified wick-to-body ratio and a deviation threshold measured against the Average True Range (ATR).

Line Creation:  
Once a significant upper or lower wick is detected, the script calculates unconventional highs and lows (i.e., points that differ from the absolute highs and lows of the lookback period). Lines are then drawn from these unconventional price points using the slope between the detected wick and the current bar, ensuring a smooth extension.

Line Refinement and Touch Tracking:  
As new bars are added, the script tracks how often the price touches the previously drawn lines. The number of touches each line receives is counted and updated in real-time, and the script ensures that only the most touched line is highlighted.

Highlighting and Labeling:  
For each category (ascending and descending), the most touched line is identified and given special highlighting with thicker lines and different colors. Labels are also generated to show the number of touches that the most touched line has received. Old labels are cleared to avoid clutter.

Explanation of the Settings:  
Lookback Period for Highs and Lows:  
This sets the number of bars the script will use to detect the highest highs and lowest lows. A larger lookback period gives the script a broader context to work with, potentially identifying more significant price points.

Minimum Wick-to-Body Ratio:  
This ratio determines what qualifies as a "significant" wick. It compares the length of the wick to the body of the candle. A higher ratio means that only wicks that are much longer than the candle body will be considered significant.

Price Deviation Threshold (in ATR multiples):  
This setting controls how much price deviation from the ATR is required for a wick to be deemed significant. It acts as a filter to reduce noise by ignoring smaller wicks that are within normal price movements.

Line Touch Tolerance Factor (ATR multiple):  
When checking if a price touches a line, the script uses this setting to define how close the price must be to the line to count as a "touch." This tolerance is a multiplier of the ATR, allowing for some flexibility in what is considered a touch.

Price Difference Threshold:  
This defines the minimum price difference required to plot a line. If the price difference between the high and low of a detected wick is too small, the script can avoid plotting a line for insignificant moves.

Slope Adjustment Multiplier:  
This multiplier adjusts the slope of the lines that are drawn from detected price points. It affects the length and angle of the lines, allowing users to control how far and at what angle the lines should extend across the chart.

Customization Options:  
Show Ascending/Descending Lines:  
These toggles allow users to decide whether ascending (bullish) or descending (bearish) lines should be shown on the chart.

Line Color, Style, and Width (for Ascending and Descending Lines):  
These settings give users control over how the lines appear visually. You can customize the color, style (solid, dashed, dotted), and width of both ascending and descending lines.

Most Touched Line Color:  
Users can define a different color for the "most touched" line, which is automatically identified by the script. This setting helps highlight the line that has been interacted with the most by the price.

How to Use the Script:  
Setup the Lookback Period and Deviation Filters:  
Start by setting the lookback period and the filters for wick-to-body ratio and deviation threshold. These settings help control the script's sensitivity to market movements.

Refine the Tolerance and Slope:  
Adjust the line touch tolerance and slope adjustment multiplier to control how closely the script tracks price touches and how the lines are extended on the chart.

Customize Visuals:  
Once the lines are being drawn, customize the colors, styles, and widths to ensure the lines are easy to read on your chart. You can also decide if you want to display both ascending and descending lines or focus on just one.

By setting up the script based on these inputs and parameters, you can get a real-time view of significant price levels and how often the price interacts with them, helping you make more informed trading decisions.

yesterday

Release Notes

Independent Customization for Most Touched Lines:

Most Touched Ascending: Customizable color, style, and width (mostTouchedAscLineColor, mostTouchedAscLineStyle, mostTouchedAscLineWidth).

Most Touched Descending: Customizable color, style, and width (mostTouchedDescLineColor, mostTouchedDescLineStyle, mostTouchedDescLineWidth).

showOnlyMostTouched:  
If true, only the most touched ascending and descending lines are displayed.

If false, all lines will be shown, but the most touched lines will still be highlighted with their respective custom styles.

2 hours ago

Release Notes

Refined Slope Adjustment Settings:  
The script was updated to allow separate control over the slope adjustment multiplier for ascending and descending lines. This provided more flexibility in managing how each line type extends and behaves visually.

Removed Unnecessary Settings:  
The “Price Difference Threshold” and “Line Touch Tolerance Factor” inputs were non-functional. After removing them from the script, the logic was simplified.

2 minutes ago

Release Notes

Toggle for Touch Count Labels:

Added the ability to toggle the display of touch count labels for ascending and descending lines independently.

Two new settings were introduced:  
Show Touch Counts for Ascending Lines  
Show Touch Counts for Descending Lines

The touch count labels are only displayed if the corresponding toggle is selected. This allows for cleaner chart displays when the touch counts are not needed.

Customizable Label Colors and Text:

Added settings to customize the label colors and text colors for ascending, descending, and most touched lines. These settings allow users to personalize how the labels appear on the chart for better visual clarity.

Prevention of Duplicate Labels:

Modified the logic to prevent duplicate labels on the most touched lines. Previously, the most touched lines were being labeled twice because they were also part of the ascending/descending lines. Now, the script checks to ensure the most touched lines are only labeled once.

Outcome:  
The script now allows for dynamic customization of touch counts, offering clear control over when and how the touch count labels are displayed.

<https://www.tradingview.com/script/Vj6X0Nup-Magic-Touch-Line-Detector/>

bafybeidaz7p5lklcieqjpk33jn5ohijtcvf7eyubm3o5x55v7dzsy3bg3m

Magic Touch Line Detector Script

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kamer

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Đoge Charts

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Bitcoin Charts

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Polkadot and Other Parachain / Project Charts

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Eyemaginative

Anyone like to count gaps? I made a fun gap counting and identifying script.

Polkadot will be able to hold the 200 moving average? (update)

The token after broken the support at 8,20 (now new resistance) continues the ongoing consolidation phase testing the 200 moving average at 6,8$. Polkadot will be able to hold the 200 moving average? Indicators and oscillators are...

Introducing Congestion Zone Detection Logic:

The script now detects congestion zones based on gaps formed between consecutive bars. Specifically, it checks whether the size of the gaps meets certain criteria, which are defined through inputs such as the gap threshold size or the distance between...

Summary of the Magic Touch Line Detector Script:
Purpose:
The Magic Touch Line Detector script is designed to identify significant price points in the market by analyzing candlestick wicks and bodies. It plots lines based on the detected wicks, classifying them as either ascending or descending...

Updated….

Release Notes:

Summary of Changes
Gap Threshold and Customization:

Added input parameters for defining gap threshold and customizing the appearance of lines for gaps that meet or exceed this threshold. This includes colors, line thickness, and line styles.

Line Management...

I still exist! I’ve been busy with some other things and writing / editing scripts for new / improved chart indicators so I don’t have to manually draw lines anymore. LOL

Summary:
The "Gap Trend Lines" script is designed to identify and visualize gaps between the close of one candle and the opening of the next on a TradingView chart. It draws extended trend lines to visually connect these gaps, helping traders to identify significant price movements between...

I have been an Italian trader for over 30 years, with 20 of those years spent working for leading banks catering to institutional clients. However, in the past decade, I have transitioned into being a private trader, focusing on stocks, indices, and cryptocurrencies.
With a rich experience...

The Geometric Mean Indicator

This script calculates and plots the Geometric Mean (GM) of two significant price levels (in this case, moving averages) to identify balance points or equilibrium levels in the market.

Key Components of the Script:

Input Variables:

length1: Defines the period for...

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