This is a fixed version of the original script by yomofoV:
I fixed the variable assignments and added switching of timeframes over indicator inputs.
To switch timeframes click on the indicator, open its settings and switch the timeframe to either monthly, weekly or daily.
Introduced by Trace Mayer as a way to gauge the current price of Bitcoin against its long range historical price movements (200 day moving average), the Mayer Multiple highlights when Bitcoin is overbought or oversold in the context of longer time frames.
It's worth noting that as the market becomes larger and less volatile, the peaks are becoming less...
I'm not a HODLer by any means. I know when to sell (or I think I know....) when an asset starts going against me too much.
Even if it's a "long-term" investment.
My mentor used to telling me this: "If a short-term trade becomes a long-term investment, then you're in for a hell of a ride".
I have no clue if Bitcoin/BTC will go back up or not - I...
This charts an indicator created by Trace Mayer with some extras.
- Mayer Multiple (may be hard to notice, since it overlays by default and stay at the bottom...)
- Price adjusted by Mayer Multiple Average with Bollinger Bands
Moving Average Function can be selected from a list with standard functions and following experimental extras:
- Volume Weighted...
Following Preston Pysh's "Bitcoin Mayer Multiple" study (www.theinvestorspodcast.com), I made this simple script to plot the Mayer multiple by calculating the ratio between bitcoin price and its 200-day moving average. It also plots the moving average of ratio itself.
P.S. Checkout the Swiss army knife we're...
This indicator shows the Bitcoin value based on the Stock To Flow Model by planB ( twitter.com )
Check out his great blog post about this model: medium.com
Fixed version of the original script by yomofoV:...
This is inspired by unbound's work on the Mayer Multiple script.
This script is designed to work with the daily chart.
I created this script so you can see the daily Mayer Multiple by just hovering over the bar in the histogram. I modified the color of the histogram bar to indicate the following:
Red = Over 2.4x Mayer...
Mayer Multiple developed by Trace Mayer gives the ratio of price to 200 daily moving average.
Buy when it's white sell when it's orange.
Is intended for use on day chart only.
This is an extension of the Mayer Multiple developed by Trace Mayer.
Normally you only have 2 thresholds signaling buying or selling (blue and yellow).
However, I added 2 more...
This is a simple update to the Mayer Multiple script by Unbound , which charts an indicator created by Trace Mayer and popularized by Preston Pysh .
The original post identified any price below 2.4x the 100-day MA as the BTC buy threshold. While the logic there is historically sound, it does not account for the fact that the BTC trend is parabolic in...
Since there are not many scripts based on the Mayer Multiple, I figured I could add one to the collection. First I would like to give a shout out to Trace Mayer, Preston Pysh, and our fellow Tradingview user unbound, for their inspirational work.
The numbers used to make this script can be found in a number of locations, or you can just make them for yourself in...
Following Preston Pysh's "Bitcoin Mayer Multiple" study (www.theinvestorspodcast.com), I made this simple script to plot the recommended buy price based on the calculated 2.4x ratio between bitcoin price and its 200-day moving average. The ratio and SMA length have default values of 2.4 and 200 and can be...
This indicator was created by Trace Mayer as a way to analyze the price of Bitcoin in a historical context. Consider it as a kind of Volatility Ratio that was created by Jack Schwager for the securities.
To learn more about Mayer Multiple see:
The Mayer Multiple is calculated by dividing the current price by 200-day moving average so you have to use daily charts fort it to work properly. This script is design to be a help for deciding when to buy Bitcoin and when it is time to sell your HODL position. This script uses moving average for optimal sell and buy points. In time of writing the average Mayer...
The ‘Mayer Multiple’ is one of the most popular metrics and derives from the current price divided by the 200-day moving average (200-MA). The average value is 1.39, and historically, when it becomes equal to or greater than 2.4 it will retrace to under 1.5.
Simulations performed by Trace Mayer determined that in the past, the best long-term results were achieved...
Plots dynamic levels of the standard mayer multiple based on percentile of recent history. This allows you to view color coded information in a more dynamic fashion.
Hope this helps give you an overview of the current market.
This can be used for crypto but also for quick analysis of the current trend for any other instruments like stocks.
The script implements a custom version of the Mayer multiple and it may be useful for analyzing the price of Bitcoin in a historical context.
Note n.1: Mayer multiple does not tell whether to buy, sell or hold, but highlights the best long-term area when the bitcoin price is below a threshold value (2.4).
Note n.2: the threshold value (2.4) has been determined...