Mayer Multiple + Bollinger Bands: NVDA
As requested by Parabolic Trav, this is an experiment to adapt the Mayer Multiple to other assets displaying parabolic growth trends. It builds upon previous work by using Bollinger Band-style indicators based on the moving average of the multiple as indicator thresholds, rather than simply a value on the Y axis or an addition to the MA as I proposed here. This greatly increases the adaptability of the multiple to assets other than BTC.
As per the above chart, it does seem that the standard deviation lines can function as areas of support and resistance, as the multiple bounces off the lower 2SD in late 2008, and interacts with the upper 1SD multiple times through 2015-2017.
- Shlomo Klahr
As per the above chart, it does seem that the standard deviation lines can function as areas of support and resistance, as the multiple bounces off the lower 2SD in late 2008, and interacts with the upper 1SD multiple times through 2015-2017.
- Shlomo Klahr