Crypto Wallets Profitability & Performance
Nov 13, 2024
The Crypto Wallets Profitability & Performance indicator provides a comprehensive view of the financial status of cryptocurrency wallets by leveraging on-chain data from IntoTheBlock. It measures the percentage of wallets profiting, losing, or breaking even based on current market prices.
Additionally, it offers performance metrics across different timeframes, enabling traders to better assess market conditions.
This information can be crucial for understanding market sentiment and making informed trading decisions.
USAGE
Wallets Profitability
This indicator is designed to help traders and analysts evaluate the profitability of cryptocurrency wallets in real-time. It aggregates data gathered from the blockchain on the number of wallets that are in profit, loss, or breaking even and presents it visually on the chart.
Breaking even line demonstrates how realized gains and losses have changed, while the profit and the loss monitor unrealized gains and losses.
The signal line helps traders by providing a smoothed average and highlighting areas relative to profiting and losing levels. This makes it easier to identify and confirm trading momentum, assess strength, and filter out market noise.
Profitability Meter
The Profitability Meter is an alternative display that visually represents the percentage of wallets that are profiting, losing, or breaking even.
Performance
The script provides a view of the financial health of cryptocurrency wallets, showing the percentage of wallets in profit, loss, or breaking even. By combining these metrics with performance data across various timeframes, traders can gain valuable insights into overall wallet performance, assess trend strength, and identify potential market reversals.
Dashboard
The dashboard presents a consolidated view of key statistics. It allows traders to quickly assess the overall financial health of wallets, monitor trend strength, and gauge market conditions.
DETAILS
The Chart Occupation Option
The chart occupation option adjusts the occupation percentage of the chart to balance the visibility of the indicator.
The Height in Performance Options
Crypto markets often experience significant volatility, leading to rapid and substantial gains or losses. Hence, plotting performance graphs on top of the chart alongside other indicators can result in a cluttered display. The height option allows you to adjust the plotting for balanced visibility, ensuring a clearer and more organized chart.
SETTINGS
The script offers a range of customizable settings to tailor the analysis to your trading needs.
- Chart Occupation %: Adjust the occupation percentage of the chart to balance the visibility of the indicator.
Profiting Wallets
- Profiting Percentage: Toggle to display the percentage of wallets in profit.
- Smoothing: Adjust the smoothing period for the profiting percentage line.
- Signal Line: Choose a signal line type (SMA, EMA, RMA, or None) to overlay on the profiting percentage.
Losing Wallets
- Losing Percentage: Toggle to display the percentage of wallets in loss.
- Smoothing: Adjust the smoothing period for the losing percentage line.
- Signal Line: Choose a signal line type (SMA, EMA, RMA, or None) to overlay on the losing percentage.
Breaking Even Wallets
- Breaking-Even Percentage: Toggle to display the percentage of wallets breaking even.
- Smoothing: Adjust the smoothing period for the breaking-even percentage line.
Profitability Meter
- Profitability Meter: Enable or disable the meter display, set its width, and adjust the offset.
Performance
- Performance Metrics: Choose the timeframe for performance metrics (Day to Date, Week to Date, etc.).
- Height: Adjust the height of the chart visuals to balance the visibility of the indicator.
Dashboard
- Block Profitability Stats: Toggle the display of profitability stats.
- Performance Stats: Toggle the display of performance stats.
- Dashboard Size and Position: Customize the size and position of the performance dashboard on the chart.
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Trading is risky and many will lose money in connection with trading activities. All content on this site is not intended to, and should not be, construed as financial advice. Decisions to buy, sell, hold or trade in securities, commodities and other markets involve risk and are best made based on the advice of qualified financial professionals. Past performance does not guarantee future results.
Hypothetical or Simulated performance results have certain limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not been executed, the results may have under-or-over compensated for the impact, if any, of certain market factors, including, but not limited to, lack of liquidity. Simulated trading programs in general are designed with the benefit of hindsight, and are based on historical information. No representation is being made that any account will or is likely to achieve profit or losses similar to those shown.
Testimonials appearing on this website may not be representative of other clients or customers and is not a guarantee of future performance or success.
As a provider of technical analysis tools for charting platforms, we do not have access to the personal trading accounts or brokerage statements of our customers. As a result, we have no reason to believe our customers perform better or worse than traders as a whole based on any content or tool we provide.
Charts used on this site are by TradingView in which the majority of our tools are built on. TradingView® is a registered trademark of TradingView, Inc. www.TradingView.com. TradingView® has no affiliation with the owner, developer, or provider of the Services described herein.
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