Big Whale Purchases and Sales: Free TradingView Strategy (Pine Script)

Add It to Your TradingView Chart

1Copy the scriptPress Copy script above, or the copy button on the code below.
2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
3Paste over the templateCreate a new strategy, select all of the template text and paste. Press Save and give it a name.
4Add it to the chartPress Add to chart. The trades and results appear in the Strategy Tester tab; adjust the settings with the gear icon.

Source Code

74 lines of Pine Script v5 from Big Whale Purchases and Sales.pine, published under GPL-3.0. Keep the author's credit and licence lines when you reuse it.

Big Whale Purchases and Sales.pine

// This source code is subject to the terms of the Mozilla Public License 2.0 at https://mozilla.org/MPL/2.0/
// © Powerscooter
//@version=5
strategy("Big Whale Purchases and Sales", "Big Whale Moves", overlay=true, initial_capital = 100, default_qty_type = strategy.cash, default_qty_value = 100, pyramiding = 5)
UseStrategy = input.bool(false,"Strategy Mode", "Use this box to switch between strategy and indicator mode", group = "Script Settings")
//Inputs
StdDevs = input(2.0,"Standard Deviations", "How many Standard Deviations need to be passed to identify an outlier. 0 will show all changes in whale holdings.", group = "Inputs")
//Chain ID
Source = input.string(title="Blockchain", defval="BTC", options=["BTC", "ETH", "DOGE", "ADA", "MATIC", "SHIB", "UNI", "OKB", "LEO", "LINK", "LTC", "FTT", "CRO", "ALGO",
 "QNT", "BCH", "SAND", "MANA", "FXS", "AAVE", "CHZ", "HT", "LDO", "KCS", "AXS", "MKR", "ZEC", "GRT", "FTM", "SNX", "NEXO", "CRV", "BIT", "DASH", "BAT", "ENS"], group="Inputs")
SourceA = switch Source
    "BTC"   => "INTOTHEBLOCK:BTC_WHALESASSETS"
    "ETH"   => "INTOTHEBLOCK:ETH_WHALESASSETS"
    "DOGE"  => "INTOTHEBLOCK:DOGE_WHALESASSETS"
    "ADA"   => "INTOTHEBLOCK:ADA_WHALESASSETS"
    "MATIC" => "INTOTHEBLOCK:MATIC_WHALESASSETS"
    "SHIB"  => "INTOTHEBLOCK:SHIB_WHALESASSETS"
    "UNI"   => "INTOTHEBLOCK:UNI_WHALESASSETS"
    "OKB"   => "INTOTHEBLOCK:OKB_WHALESASSETS"
    "LEO"   => "INTOTHEBLOCK:LEO_WHALESASSETS"
    "LINK"  => "INTOTHEBLOCK:LINK_WHALESASSETS"
    "LTC"   => "INTOTHEBLOCK:LTC_WHALESASSETS"
    "FTT"   => "INTOTHEBLOCK:FTT_WHALESASSETS"
    "CRO"   => "INTOTHEBLOCK:CRO_WHALESASSETS"
    "ALGO"  => "INTOTHEBLOCK:ALGO_WHALESASSETS"
    "QNT"   => "INTOTHEBLOCK:QNT_WHALESASSETS"
    "BCH"   => "INTOTHEBLOCK:BCH_WHALESASSETS"
    "SAND"  => "INTOTHEBLOCK:SAND_WHALESASSETS"
    "MANA"  => "INTOTHEBLOCK:MANA_WHALESASSETS"
    "FXS"   => "INTOTHEBLOCK:FXS_WHALESASSETS"
    "AAVE"  => "INTOTHEBLOCK:AAVE_WHALESASSETS"
    "CHZ"   => "INTOTHEBLOCK:CHZ_WHALESASSETS"
    "HT"    => "INTOTHEBLOCK:HT_WHALESASSETS"
    "LDO"   => "INTOTHEBLOCK:LDO_WHALESASSETS"
    "KCS"   => "INTOTHEBLOCK:KCS_WHALESASSETS"
    "AXS"   => "INTOTHEBLOCK:AXS_WHALESASSETS"
    "MKR"   => "INTOTHEBLOCK:MKR_WHALESASSETS"
    "ZEC"   => "INTOTHEBLOCK:ZEC_WHALESASSETS"
    "GRT"   => "INTOTHEBLOCK:GRT_WHALESASSETS"
    "FTM"   => "INTOTHEBLOCK:FTM_WHALESASSETS"
    "SNX"   => "INTOTHEBLOCK:SNX_WHALESASSETS"
    "NEXO"  => "INTOTHEBLOCK:NEXO_WHALESASSETS"
    "CRV"   => "INTOTHEBLOCK:CRV_WHALESASSETS"
    "BIT"   => "INTOTHEBLOCK:BIT_WHALESASSETS"
    "DASH"  => "INTOTHEBLOCK:DASH_WHALESASSETS"
    "BAT"   => "INTOTHEBLOCK:BAT_WHALESASSETS"
    "ENS"   => "INTOTHEBLOCK:ENS_WHALESASSETS"
Assets = request.security(SourceA, "D", close)
//Define day to day change
AssetMoves = ta.change(Assets,1)
//Catch outliers
var float bot=0
var float top=0
var float mid=0
if StdDevs != 0
    [mid2,top2,bot2]=ta.bb(AssetMoves,21,StdDevs)
    mid:=mid2
    top:=top2
    bot:=bot2
else
    top:=0
    bot:=0
//Mark the corresponding Bars
plotshape(AssetMoves>top and not UseStrategy,"Purchase",shape.triangleup, location.belowbar, size=size.normal, color=color.green, text = "Purchase", textcolor = color.green)
plotshape(AssetMoves<bot and not UseStrategy,"Sale",shape.triangledown, location.abovebar, size=size.normal, color=color.red, text = "Sale", textcolor = color.red)
//Order Conditions
LongCondition = AssetMoves>top and UseStrategy
ShortCondition = AssetMoves<bot and UseStrategy
//Order Execution
if LongCondition
    strategy.entry("Long", strategy.long)
if ShortCondition
    strategy.entry("Short", strategy.short)
Expand (81 lines)

Overview

Big Whale Purchases and Sales applies Bollinger Bands to day-to-day asset changes to identify statistically significant outlier movements based on a user-selected standard deviation multiplier. When whale holdings surge past the upper band, it signals purchases, and drops below the lower band signal sales. It plots visual markers directly on the price chart and can toggle into a strategy mode that permits pyramiding up to five orders, though it lacks built-in stop-loss rules.

On-chain whale asset tracking via IntoTheBlock feeds
Bollinger Bands outlier detection on asset changes
Selectable coverage for dozens of major cryptocurrencies
Toggle between indicator plot mode and strategy execution
Configurable standard deviation sensitivity threshold

Details

Published by

hasnocool on GitHub

Code credit

Powerscooter, as written in the script's header

Type

Strategy, Pine Script v5

Draws

On the price chart

Markets

Crypto

Timeframes

Any timeframe

Risk Notes

The strategy can add several entries in the same direction
The strategy enters trades without a stop loss

File

Big Whale Purchases and Sales.pine

Repository

github.com/hasnocool/tradingview-pine-scripts. See its other scripts in the library

Topics

analysisbtcusdtcryptocurrencydatapandaspythonsimulationtradingtradingview

Settings

The inputs you can change from the gear icon on the chart. Defaults are the author's.

Setting	Type	Default	Variable
Strategy Mode	`bool`	`false`	`UseStrategy`
Standard Deviations	`float`	`2.0`	`StdDevs`
Blockchain	`string`	`BTC`	`Source`

Third-party code. ForexR did not write, test or endorse this script, and the summary above was generated automatically from its code and README. Indicators describe the past, and a strategy's backtest can look better than live trading, especially when a script repaints. Check it in the Strategy Tester and on a demo account before you rely on it.

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