Hash Ribbons by capriole_charles

Introduction

A very useful script to detect long-term buy/long trends
I don't find the capitulation/short signals accurate so I don't use them - I only look at the blue circles

• The Spring is the confirmed Miner capitulation period:
• The 1st gray circle is the start of Capitulation (1 month Hash Rate crosses UNDER 2 month Hash Rate)
• Last green circle is the end of Capitulation (1 month Hash Rate crosses OVER 2 month Hash Rate)
• The greener the spring gets (up until blue) represents Hash Rate recovery (it is increasing)
• The blue circle is the first instance of positive momentum following the recovery of Hash Rate (1m HR > 2m HR). This is historically a rewarding place to buy with a limited downside.

Script URL

TradingView Hash Ribbons Script

@daveatt ,is this something you're working on?
raydnik

I mean the indicator is made already :) and someone else did it
For me the hash ribbon indicator for swing/investment is already working
@ck