PRISM / Free Indicators

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Free Indicators

Open TradingView scripts from the team behind PRISM. Add them to your favourites and use them on any chart!

The library

Pick one. Add it. Use it.

Every script below is published publicly on TradingView. Click through, star it, and it shows up under Indicators → Favourites on any chart.

Bitcoin Rainbow Wave indicator on the BTC/USD weekly chart

Bitcoin Rainbow Wave (2026 Recalibration)

Live

Free · BTC · weekly, log scale · published by PrismCharts

A rainbow band model for Bitcoin, recalibrated for the current cycle. Log-scale bands are fitted to Bitcoin's cycle history and marked with harmonic levels, with vertical markers at previous cycle tops and bottoms — so you can read where price sits inside the long-run range instead of eyeballing it.

Bitcoin Liquidity Wave indicator on the BTC/USD weekly chart, showing the liquidity-fitted bands and the projection beyond published liquidity data

Bitcoin Liquidity Wave

Live

Free · open source · BTC · daily and weekly · published by PrismCharts

The rainbow-band idea, priced against liquidity rather than the calendar. A global liquidity index is built from eleven central-bank balance-sheet components across the Fed, ECB, BOJ, PBOC and BOE, converted to USD. The baseline models Bitcoin against that index with an adoption curve, the wave rides on liquidity momentum, and the channel narrows as Bitcoin matures. It projects forward on published liquidity data first, then on a growth rate you can set yourself.

Bitcoin M2 Implied Value indicator on the BTC/USD daily chart

Bitcoin M2 Implied Value

Live

Free · BTC & equities · any timeframe · published by PrismCharts

Combines global M2 money supply — the US, Europe, China, Japan and the UK — into a single implied-value line, shifted forward to allow for the lag between a change in liquidity and a move in price. The background shades green while liquidity is expanding and price has not caught up, red while liquidity contracts and price is still elevated. Alerts on every state change.

Hash Ribbons 2.0 indicator showing capitulation and recovery markers on the BTC/USD daily chart

Hash Ribbons 2.0

Live

Free · open source · BTC · daily · published by PrismCharts

The classic hash-ribbon idea rebuilt for the industrial mining era, reading slower 60 and 120-day hashrate averages rather than the original fast pair. It walks the phases in order: grey when capitulation begins, green as hashrate recovers, lime once recovery is confirmed, and a blue Buy marker only after recovery completes and price momentum has turned. Alerts on each stage.

Magic RSI Bands indicator drawn as green and red bands over the BTC/USD 4-hour chart

Magic RSI Bands

Live

Free · open source · any market · any timeframe · published by Underground Media

RSI read as bands on the price chart instead of a separate pane underneath. Green and red bands mark the levels you care about — 30 and 70 by default — and the length, thresholds and source timeframe are all adjustable, so you can keep a higher-timeframe RSI in view while working on a lower-timeframe chart.

More scripts get added over time. Want one of these sooner? Tell us which.

Setup

Adding a script takes 20 seconds.

1

Click through to the script on TradingView.

2

Hit the star — "Add to favourite indicators". A free TradingView account is enough.

3

On any chart: Indicators → Favourites → pick the script.

4

Setting alerts? Choose "Once per bar close" so nothing fires on an unconfirmed candle.