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BTC Top Indicator - Extension from 20 Week SMA (Normalized)

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This Indicator calculates the logarithmic deviation of the BTCUSD price from its 20-week SMA and dynamically normalizes it between a lower signal line (-0.57) and an upper trendline defined by two historical points (May 30, 2011, at 1.75 and March 4, 2024, at 0.45).

The indicator line color changes dynamically:
  • green below 0
  • blue at 0.5
  • red above 1


Ideal for analyzing BTCUSD on the Index chart to identify potential overbought or oversold levels. It's better suited for identifying tops, than bottoms.

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.