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Indicator · Pine Script v4 · Own pane
Bitcoin Difficulty (QUANDL:BCHAIN/DIFF)
This indicator plots Bitcoin mining difficulty from the Quandl BCHAIN/DIFF dataset.
GitHub stars3on the repository
Pine versionv4older, still runs
Lines of code9
Settings0inputs
LicenceApache-2.0
Last update3 years ago15 Oct 2023
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 indicator, select all of the template text and paste. Press Save and give it a name.
- 4Add it to the chartPress Add to chart, then adjust the settings with the gear icon next to its name.
Source Code
9 lines of Pine Script v4 from bitcoin_difficulty_mining.pine, published under Apache-2.0. Keep the author's credit and licence lines when you reuse it.
// This source code is subject to the terms of the Mozilla Public License 2.0 at https://mozilla.org/MPL/2.0/
// © DataCryptoAnalytics
//@version=4
study("Bitcoin Difficulty (QUANDL:BCHAIN/DIFF)")
difficulty = quandl("BCHAIN/DIFF", barmerge.gaps_off, 0)
plot(difficulty, color=color.black)
Overview
The script calculates the difficulty metric using the quandl function and displays it as a line plot in a separate pane. It provides historical data on mining difficulty levels over time. The main setting uses the Quandl data source with no custom inputs. This tool helps analyze Bitcoin mining trends but relies on external data feeds.
- Bitcoin Difficulty plot
- QUANDL:BCHAIN/DIFF
- mining difficulty
- separate pane
- line plot
Details
Published by
datacrypto-analytics on GitHub
Type
Indicator, Pine Script v4
Draws
Separate pane below the chart
Category
Volatility & bands, Support & resistance
Markets
Crypto
Timeframes
Any timeframe
Risk Notes
No repainting, lookahead or stacked entries were found in its code or README. That says nothing about how well it works: test it first.
Topics
cryptotradingtradingviewtradingview-pine-scripts
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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