This very simple to use indicator allows you to monitor several statistics concerning Whales (very large portfolios). This data are very precious for investors and are condensed here for even more efficiency.
Usage advice #
This indicator offers data and information that cannot be used alone for trading or investing. It must be coupled with other metrics. Prefer to visualize it on large time units, daily or longer. Use your chart in logarithmic scale. Sometimes it doesn’t work with some assets and some periods of data on Bitcoin are missing.
The different Metrics #
3 metrics can be displayed on the graph:
- By default, the percentage of an asset’s supply held by Whales.
- The number of Whales.
- The quantity of the selected asset held by the Whales.
It is possible to display a moving average for these 3 metrics. The line for the metrics changes from green to red when the value is above or below the moving average.
Settings #
By opening the parameters of the indicator, it is possible to :
- Change the time unit of the indicator, which allows you to smooth the data.
- Choose the position of the information panel.
- Display or not the different metrics.
- Display or not the different moving averages.
It is recommended to display only one metric at a time in order to avoid problems of scale. In any case, even if the metric is not displayed on the chart, its value can be found in the information panel.
Panel information #
The panel gives the following information:
- The number of Whales holding X% of the supply of the selected asset.
- The quantity of the selected asset held by the Whales.
- The percentage change in the supply held by the Whales compared to the previous day.
- The percentage change in supply held by the Whales from the previous month.
- Percentage change in the Whales’ supply over the last 3 months.
- Percentage change in the Whales’ supply from the previous year.
Indicator link #
https://www.tradingview.com/script/DI8B2iwq/
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