OPEN-SOURCE SCRIPT
Big Move Follow-Through Tracker
🚀 What This Indicator Does
Ever wondered if that sudden 5% pump in your favorite crypto will continue or just fade away? This powerful indicator automatically tracks every significant price move and tells you exactly what happened next - momentum continuation or mean reversion.
🎯 Key Features
📊 Smart Move Detection
Automatically identifies "big moves" based on your custom threshold (default 3%)
Uses ATR filtering to ensure moves are truly significant, not just normal volatility
Works on ANY timeframe and ANY crypto pair
🔍 Follow-Through Analysis
Tracks each big move for your specified number of bars (default 5)
Classifies outcomes as either Follow-Through (momentum continues) or Mean Reversion (price reverses)
Uses intelligent 2% thresholds to avoid noise and focus on meaningful moves
📈 Real-Time Statistics Dashboard
Live statistics table showing historical performance
Separate analysis for UP moves vs DOWN moves (crypto often behaves differently!)
Percentage breakdowns of follow-through vs reversion rates
Track total moves detected vs analyzed over time
🎨 Visual Clarity
Clear arrow signals when big moves are detected
Background highlighting during significant moves
Customizable display options - show/hide signals and stats as needed
🛠️ How to Use
Add to any crypto chart (works on BTC, ETH, altcoins, etc.)
Adjust the move threshold (3% for major coins, higher for smaller caps)
Set analysis timeframe (how many bars to track each move)
Watch the statistics build over time to understand your asset's behavior
💡 Trading Applications
For Momentum Traders:
High follow-through rates? → Consider riding the momentum
Trade in direction of big moves when statistics support it
For Mean Reversion Traders:
High reversion rates? → Look for fade opportunities
Counter-trade big moves when they historically reverse
For Risk Management:
Understand typical behavior after significant moves
Size positions based on historical follow-through probabilities
📋 Customizable Settings
Big Move Threshold: Adjust sensitivity (0.5% - 10%)
Analysis Period: How long to track each move (3-20 bars)
Display Options: Toggle signals and statistics table
Alert System: Get notified when big moves occur
🎲 What Makes This Different
Unlike simple momentum indicators, this tool:
✅ Quantifies actual outcomes with real statistics
✅ Adapts to each asset's unique volatility profile
✅ Separates up and down move behavior
✅ Provides actionable probability data
📊 Perfect For
Crypto day traders looking for edge identification
Swing traders wanting to understand momentum vs reversion tendencies
Risk managers needing probability-based position sizing
Strategy developers building data-driven trading systems
⚡ Quick Setup Tips
For Major Cryptos (BTC, ETH): Use 2-4% threshold
For Altcoins: Use 4-8% threshold
For Scalping: Use lower timeframes with 1-2% threshold
For Swing Trading: Use higher timeframes with 5%+ threshold
Ever wondered if that sudden 5% pump in your favorite crypto will continue or just fade away? This powerful indicator automatically tracks every significant price move and tells you exactly what happened next - momentum continuation or mean reversion.
🎯 Key Features
📊 Smart Move Detection
Automatically identifies "big moves" based on your custom threshold (default 3%)
Uses ATR filtering to ensure moves are truly significant, not just normal volatility
Works on ANY timeframe and ANY crypto pair
🔍 Follow-Through Analysis
Tracks each big move for your specified number of bars (default 5)
Classifies outcomes as either Follow-Through (momentum continues) or Mean Reversion (price reverses)
Uses intelligent 2% thresholds to avoid noise and focus on meaningful moves
📈 Real-Time Statistics Dashboard
Live statistics table showing historical performance
Separate analysis for UP moves vs DOWN moves (crypto often behaves differently!)
Percentage breakdowns of follow-through vs reversion rates
Track total moves detected vs analyzed over time
🎨 Visual Clarity
Clear arrow signals when big moves are detected
Background highlighting during significant moves
Customizable display options - show/hide signals and stats as needed
🛠️ How to Use
Add to any crypto chart (works on BTC, ETH, altcoins, etc.)
Adjust the move threshold (3% for major coins, higher for smaller caps)
Set analysis timeframe (how many bars to track each move)
Watch the statistics build over time to understand your asset's behavior
💡 Trading Applications
For Momentum Traders:
High follow-through rates? → Consider riding the momentum
Trade in direction of big moves when statistics support it
For Mean Reversion Traders:
High reversion rates? → Look for fade opportunities
Counter-trade big moves when they historically reverse
For Risk Management:
Understand typical behavior after significant moves
Size positions based on historical follow-through probabilities
📋 Customizable Settings
Big Move Threshold: Adjust sensitivity (0.5% - 10%)
Analysis Period: How long to track each move (3-20 bars)
Display Options: Toggle signals and statistics table
Alert System: Get notified when big moves occur
🎲 What Makes This Different
Unlike simple momentum indicators, this tool:
✅ Quantifies actual outcomes with real statistics
✅ Adapts to each asset's unique volatility profile
✅ Separates up and down move behavior
✅ Provides actionable probability data
📊 Perfect For
Crypto day traders looking for edge identification
Swing traders wanting to understand momentum vs reversion tendencies
Risk managers needing probability-based position sizing
Strategy developers building data-driven trading systems
⚡ Quick Setup Tips
For Major Cryptos (BTC, ETH): Use 2-4% threshold
For Altcoins: Use 4-8% threshold
For Scalping: Use lower timeframes with 1-2% threshold
For Swing Trading: Use higher timeframes with 5%+ threshold
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.