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BTC Gravity Oscillator

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This indicator is a deviation of a Center of Gravity Oscillator corrected for the diminishing returns of Bitcoin.

I've set up this indicator for it to be used on the weekly timeframe. The indicator oscillates between 0 and 10, where 0 indicates oversold conditions and 10 indicates overbought conditions.

The indicator plots in any BTCUSD spot, futures , BLX index and BTCEUR .

It paints in all time frames, but Weekly time frame is the correct one to interpret the 'official' read of it.


Nota Keluaran
Updated for a better decaying time function as denoted by "fx" in the pinescript. Hope you all enjoy!

Penafian

Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.