MAGNUS® CyclesThis indicator will help you if you struggle making any profit in bitcoin.
It generates very few signals with very nice profit potential ( around 100% this year ! ).
Perfect tool for longterm swing traders and new traders that need help figuring out the midterm trend.
Use it with these parameters only:
weekly: 13, 5, 12
daily: 92, 21, 96
Cari dalam skrip untuk "Cycle"
Volume-Adjusted Schaff Trend Cycle (VASTC)Volume-Adjusted Schaff Trend Cycle (VASTC)
The VASTC is a fairly fast-moving oscillator designed to identify trends early and signal when trends may be nearing their end. While it can be used for both trend-following and mean-reversion strategies , it shines in trend-following setups. It’s particularly useful for catching the start of a trend and giving early warnings that a trend might end soon, making it a valuable addition to a multi-indicator system.
How It Works:
The VASTC adapts the traditional Schaff Trend Cycle by adjusting the MACD component with volume data. This volume-adjusted MACD is run through two stochastic processes , applying exponential smoothing to enhance responsiveness. Volume sensitivity allows the VASTC to adapt dynamically to periods of high or low trading activity, providing more reliable trend signals.
Recommended Use:
Use VASTC in confluence with other indicators to confirm trend entries and exits. It’s best for identifying early trend setups rather than sustaining prolonged trend trades. When used alongside other indicators, especially those with a longer-term outlook or momentum based trend indicators, you’ll gain a clearer signal for potential exits or entries. Always backtest the VASTC on your chosen assets to determine the most effective input parameters, as the defaults may not suit all markets or assets. Different assets behave differently, and adjustments in parameters can improve its ability to analyze the assets you're looking at.
Parameters:
Length : Sets the primary smoothing length.
Fast/Slow Length : Adjust the speed of the volume-adjusted MACD component.
Factor : Controls the final smoothing applied to the STC.
Overbought/Oversold Levels : Defines overbought/oversold levels.
Experiment with these settings to customize the VASTC to your trading strategy and asset.
Disclaimer : This indicator is a tool to complement your trading analysis and should not be used in isolation. Always backtest and use other confluence signals for best results. The assets I looked at when making this indicator are almost certainly different than what you're looking at.
Cash Cycle BandCash cycle band shows the number of days and the profit margin compared to the previous period (it does not indicate how profitable the company is, but how well it is managed).
Cash cycle band consists of 6 sections:
1. DPO is the days payables outstanding in the "red" followed by O/D which is overdraft or short-term debt (if any) .
2. DIO is the days inventory outstanding in the "green" followed by classified inventory (if any) consists of finished goods. work in process and raw materials.
3. DSO is days sales outstanding in "blue".
4. DWC is days converting working capital to revenue in "orange".
5. CCC is days converting inventory and resources to cash flow in "yellow".
6. GPM is gross profit margin and OPM is operating profit margin.
The "😱" emoji indicates a value if it increases by more than or decreases by less than 20%, e.g.
- DPO, finished goods, work in process, raw materials, GPM, OPM is decreasing.
- O/D, DIO, DSO, DWC, CCC is increasing.
The "🔥" emoji indicates a value if it increases by more than or decreases, e.g.
- DPO, finished goods, work in process, raw materials, GPM, OPM is increasing.
- O/D, DIO, DSO, DWC, CCC is decreasing.
The order of the list depends on the day of each item, the more days more high.
Stochastic With Neutral Zone and Time CycleThis oscillator includes 2 Stochastic oscillators ( Stoch 5 3 2, Stoch 14 7 3). Stoch 5 3 2 is used for market momentum, and Stock 14 7 3 is used for market overall time cycle (orange).
There is also a neutral zone highlighted in yellow from 45 to 55 to indicate whether the market has created a low or it is still in the cycle-high and vice versa.
TradiKator 08 Turnover Cycle DayTradiKator 08 Turnover Cycle DAY (TCD(HSD) 08 by TK) is a visual indicator that underlying stock's character since its participants' collected forces cause the price movement.
Here, we use turnover rate estimation to identify a possible trading cycle period of a given underlying stock.
I hope this indicator can help traders to estimate a true market average price in the essential trading behavior.
Here is an input option to enter shares float manually in the case that a user who has quite a limited time frame financial data.
Known issue:
The share split will cause "Total float shares" inaccurate and therefore the result will be unreliable.
We are trying to find a solution.
TradiKator is Traders' indicator.
Please visit TraiKator for more free scripts.
We also support the Chinese.
Happy new year!
Wishing you a great and successful journey in the Chinese Zodiac Bull Year.
TrendBand CycleSimple breakout signal with POTENTIAL target price and stop loss / trailing stop.
Cycle begin with green bar signal and will end if price break above target or break below stop loss.
Volume test and pullback signal only appear within cycle period.
Few example :
AAEN With Auto Length Adjust to CycleAverage Absolute Error Normalization With Auto Length Adjust to Cycle Length
Indicator by alexgrover, I just added the auto cycle length
Saturn–Pluto Cycle
Indicator colors background of the chart in the following way:
Saturn - Pluto Cycle in conjunction: Blue
Saturn - Pluto Cycle in opposition: Yellow
While opposition periods are indicated according to the actual date ranges an opposition occurs, conjunctions last only for one day.
Conjunctions indicated with this indicator mark a period around the actual conjunction date.
The actual date a conjunction occurs is indicated in the script.
Following the dates which were considered for this indicator:
Dates of Saturn–Pluto Conjunctions
October 5, 1914 at 2° Cancer (recurrence on May 20, 1915)
August 11, 1947 at 13° Leo
November 8, 1982 at 27° Libra
January 12, 2020 at 22° Capricorn
Dates of Saturn–Pluto Oppositions
February 17, 1931 – December 13, 1931 at 19°–21° Capricorn–Cancer (conjunct their respective North and South Nodes)
April 23, 1965 – February 20, 1966 at 14°–17° Pisces–Virgo
August 5, 2001 – May 26, 2002 at 12°–16° Gemini–Sagittarius (conjunct the lunar nodes)
BTC Cycle High IndicatorWith high probability show BTC price cycle highs. When price touches the white line, and when yellow and red moving averages cross, we will most likely have our next BTC cycle price high.
Based on Philip Swift's analysis (@positivecrypto)
Dominant Cycle Tuned Rsi BackgroundBackground version of the Dominant Cycle Tuned Rsi Background published here
Pi Cycle Top & Bottom OscillatorThis TradingView script implements the Pi Cycle Top & Bottom Oscillator, a technical indicator designed to identify potential market tops and bottoms using moving average relationships. Here's a detailed breakdown:
Indicator Overview
Purpose: The indicator calculates an oscillator based on the ratio of a 111-day simple moving average (SMA) to double the 350-day SMA. It identifies potential overbought (market tops) and oversold (market bottoms) conditions.
Visualization: The oscillator is displayed in a standalone pane with dynamic color coding to represent different market conditions.
Inputs
111-Day Moving Average Length (length_111): Adjustable parameter for the short-term moving average. Default is 111 days.
350-Day Moving Average Length (length_350): Adjustable parameter for the long-term moving average. Default is 350 days.
Overheat Threshold (upper_threshold): Percentage level above which the market is considered overheated. Default is 100%.
Cooling Down Threshold (lower_threshold): Percentage level below which the market is cooling down. Default is 75%.
Calculation
Moving Averages:
111-day SMA of the closing price.
350-day SMA of the closing price.
Double the 350-day SMA (
𝑚
𝑎
_
2
_
350
=
𝑚
𝑎
_
350
×
2
ma_2_350=ma_350×2).
Oscillator:
Ratio of the 111-day SMA to double the 350-day SMA, expressed as a percentage:
oscillator
=
𝑚
𝑎
_
111
𝑚
𝑎
_
2
_
350
×
100
oscillator=
ma_2_350
ma_111
×100
Market Conditions
Overheated Market (Potential Top): Oscillator >= Overheat Threshold (100% by default). Highlighted in red.
Cooling Down Market (Potential Bottom): Oscillator <= Cooling Down Threshold (75% by default). Highlighted in green.
Normal Market Condition: Oscillator is between these thresholds. Highlighted in blue.
Visual Features
Dynamic Oscillator Plot:
Color-coded to indicate market conditions:
Red: Overheated.
Green: Cooling down.
Blue: Normal condition.
Threshold Lines:
Red Dashed Line: Overheat Threshold.
Green Dashed Line: Cooling Down Threshold.
White Dashed Line: Additional high-value marker at 30 for reference.
Alerts
Overheat Alert: Triggers when the oscillator crosses the overheat threshold, signaling a potential market top.
Cooling Down Alert: Triggers when the oscillator crosses the cooling down threshold, signaling a potential market bottom.
Use Case
This script is particularly useful for traders seeking early signals of market reversals. The thresholds and dynamic color coding provide visual cues and alerts to aid decision-making in identifying overbought or oversold conditions.
Cosmic Cycle Trader -AYNETThe "Cosmic Cycle Trader 🌌"
Here's a summarized breakdown of the code:
Inputs
Orbital Periods (Moving Averages):
User specifies moving average (MA) periods as a comma-separated string (e.g., "10,20,50,100").
Predefined colors for each MA are used.
Fibonacci Sphere Levels:
User specifies Fibonacci retracement levels as a string (e.g., "0.236,0.382,0.618,1.0").
Color customization for Fibonacci levels is included.
Gravitational Pull (Signal Thresholds):
Configurable thresholds (buy_pull and sell_pull) to define signal triggers.
Alerts can be toggled on or off.
Core Features
Helper Functions:
parse_floats: Converts a comma-separated string into an array of floating-point numbers.
parse_ints: Converts a comma-separated string into an array of integers.
Orbital Periods (Moving Averages):
Moving averages are calculated for the given periods using the ta.sma function.
Each MA is stored in an array and plotted on the chart with a unique color.
Fibonacci Spheres:
Fibonacci levels are calculated based on the high and low of the current bar.
These levels are plotted as circles, visually indicating key price zones.
Signals:
Buy Signal: Triggered when:
The price closes above the highest MA.
The price is between specific Fibonacci levels.
Sell Signal: Triggered when:
The price closes below the lowest MA.
The price is below specific Fibonacci levels.
Alerts:
Alerts are created for buy and sell signals.
Signals are also annotated on the chart with labels and shapes.
Visual Elements
Plots:
Moving averages are plotted with distinct colors and line widths.
Fibonacci spheres are plotted as circles with customizable transparency.
Shapes:
Triangles indicate buy (green) and sell (red) signals on the chart.
Labels:
Buy signals display a "🌕 Buy" label.
Sell signals display a "🌑 Sell" label.
Purpose
This indicator helps traders identify potential buy and sell zones based on:
Moving average trends (orbital periods).
Key Fibonacci retracement levels.
Configurable thresholds (gravitational pull).
This combination of technical analysis tools makes it a visually appealing and functional indicator for traders.
Intellect_city - Halvings Bitcoin CycleWhat is halving?
The halving timer shows when the next Bitcoin halving will occur, as well as the dates of past halvings. This event occurs every 210,000 blocks, which is approximately every 4 years. Halving reduces the emission reward by half. The original Bitcoin reward was 50 BTC per block found.
Why is halving necessary?
Halving allows you to maintain an algorithmically specified emission level. Anyone can verify that no more than 21 million bitcoins can be issued using this algorithm. Moreover, everyone can see how much was issued earlier, at what speed the emission is happening now, and how many bitcoins remain to be mined in the future. Even a sharp increase or decrease in mining capacity will not significantly affect this process. In this case, during the next difficulty recalculation, which occurs every 2014 blocks, the mining difficulty will be recalculated so that blocks are still found approximately once every ten minutes.
How does halving work in Bitcoin blocks?
The miner who collects the block adds a so-called coinbase transaction. This transaction has no entry, only exit with the receipt of emission coins to your address. If the miner's block wins, then the entire network will consider these coins to have been obtained through legitimate means. The maximum reward size is determined by the algorithm; the miner can specify the maximum reward size for the current period or less. If he puts the reward higher than possible, the network will reject such a block and the miner will not receive anything. After each halving, miners have to halve the reward they assign to themselves, otherwise their blocks will be rejected and will not make it to the main branch of the blockchain.
The impact of halving on the price of Bitcoin
It is believed that with constant demand, a halving of supply should double the value of the asset. In practice, the market knows when the halving will occur and prepares for this event in advance. Typically, the Bitcoin rate begins to rise about six months before the halving, and during the halving itself it does not change much. On average for past periods, the upper peak of the rate can be observed more than a year after the halving. It is almost impossible to predict future periods because, in addition to the reduction in emissions, many other factors influence the exchange rate. For example, major hacks or bankruptcies of crypto companies, the situation on the stock market, manipulation of “whales,” or changes in legislative regulation.
---------------------------------------------
Table - Past and future Bitcoin halvings:
---------------------------------------------
Date: Number of blocks: Award:
0 - 03-01-2009 - 0 block - 50 BTC
1 - 28-11-2012 - 210000 block - 25 BTC
2 - 09-07-2016 - 420000 block - 12.5 BTC
3 - 11-05-2020 - 630000 block - 6.25 BTC
4 - 20-04-2024 - 840000 block - 3.125 BTC
5 - 24-03-2028 - 1050000 block - 1.5625 BTC
6 - 26-02-2032 - 1260000 block - 0.78125 BTC
7 - 30-01-2036 - 1470000 block - 0.390625 BTC
8 - 03-01-2040 - 1680000 block - 0.1953125 BTC
9 - 07-12-2043 - 1890000 block - 0.09765625 BTC
10 - 10-11-2047 - 2100000 block - 0.04882813 BTC
11 - 14-10-2051 - 2310000 block - 0.02441406 BTC
12 - 17-09-2055 - 2520000 block - 0.01220703 BTC
13 - 21-08-2059 - 2730000 block - 0.00610352 BTC
14 - 25-07-2063 - 2940000 block - 0.00305176 BTC
15 - 28-06-2067 - 3150000 block - 0.00152588 BTC
16 - 01-06-2071 - 3360000 block - 0.00076294 BTC
17 - 05-05-2075 - 3570000 block - 0.00038147 BTC
18 - 08-04-2079 - 3780000 block - 0.00019073 BTC
19 - 12-03-2083 - 3990000 block - 0.00009537 BTC
20 - 13-02-2087 - 4200000 block - 0.00004768 BTC
21 - 17-01-2091 - 4410000 block - 0.00002384 BTC
22 - 21-12-2094 - 4620000 block - 0.00001192 BTC
23 - 24-11-2098 - 4830000 block - 0.00000596 BTC
24 - 29-10-2102 - 5040000 block - 0.00000298 BTC
25 - 02-10-2106 - 5250000 block - 0.00000149 BTC
26 - 05-09-2110 - 5460000 block - 0.00000075 BTC
27 - 09-08-2114 - 5670000 block - 0.00000037 BTC
28 - 13-07-2118 - 5880000 block - 0.00000019 BTC
29 - 16-06-2122 - 6090000 block - 0.00000009 BTC
30 - 20-05-2126 - 6300000 block - 0.00000005 BTC
31 - 23-04-2130 - 6510000 block - 0.00000002 BTC
32 - 27-03-2134 - 6720000 block - 0.00000001 BTC
Dynamic Cycle Oscillator [Quantigenics]This script is designed to navigate through the ebbs and flows of financial markets. At its core, this script is a sophisticated yet user-friendly tool that helps you identify potential market turning points and trend continuations.
How It Works:
The script operates by plotting two distinct lines and a central histogram that collectively form a band structure: a center line and two outer boundaries, indicating overbought and oversold conditions. The lines are calculated based on a blend of exponential moving averages, which are then refined by a root mean square (RMS) over a specified number of bars to establish the cyclic envelope.
The input parameters:
Fast and Slow Periods:
These determine the sensitivity of the script. Shorter periods react quicker to price changes, while longer periods offer a smoother view.
RMS Length:
This parameter controls the range of the cyclic envelope, influencing the trigger levels for trading signals.
Using the Script:
On your chart, you’ll notice how the Dynamic Cycle Oscillator’s lines and histogram weave through the price action. Here’s how to interpret the movements.
Breakouts and Continuations:
Buy Signal: Consider a long position when the histogram crosses above the upper boundary. This suggests a possible strong bullish run.
Sell Signal: Consider a short position when the histogram crosses below the lower boundary. This suggests a possible strong bearish run.
Reversals:
Buy Signal: Consider a long position when the histogram crosses above the lower boundary. This suggests an oversold market turning bullish.
Sell Signal: Consider a short position when the histogram crosses below the upper boundary. This implies an overbought market turning bearish.
The script’s real-time analysis can serve as a robust addition to your trading strategy, offering clarity in choppy markets and an edge in trend-following systems.
Thanks! Hope you enjoy!
ZN Market CycleDescription
The purpose of this indicator is to create symbols that try to show the most accurate positions possible for trading. The formation of BUY/SELL symbols is based on the intersection of RSI, MACD and 6 bar moving average. Additionally, BOLLINGER bands were used to determine the lower and upper points. For example, while the price is falling, it will create an BOTTOM symbol when the price crosses the lower BOLLINGER band upwards. If this transition is accompanied by the RSI breaking its average upwards, it will produce the STRONG BOTTOM symbol. If the RSI average crosses the RSIMA direction upwards, it will produce the DEEP symbol. Of course, the scenario described above is also valid in the opposite direction. The purpose of the icons on the screen is indicated by the text above them. However, a detailed explanation of what these symbols do is given below.
Symbols
The symbols are explained one by one below.
BOTTOM: Indicates that the fall has slowed down or may have been completed.
STRONG BOTTOM: Indicates that the fall has stopped or may have been completed.
TOP: Indicates that the ascent has slowed down or may have been completed.
STRONG TOP: Indicates that the ascent has stopped or may have been completed.
BUY: Indicates the convenient location to make a buying. Buying pressure may increase after this symbol.
STRONG BUY: Indicates the most suitable location for buying. It should be considered that a strong buying wave may come after the appearance of this symbol.
SELL: Indicates the appropriate location to selling Selling pressure may increase after this symbol.
STRONG SELL: Indicates the most suitable position to selling. It should be considered that a strong selling wave may come after the appearance of this symbol.
PEAK: It indicates that the uptrend has come to an end.
DEEP: It indicates that the downtrend has come to an end.
ARROWS: Arrows show the trend direction. Since it varies a lot, it should be used to follow the trend rather than buy/sell. However, the appearance of a downward arrow shortly after a buy signal should suggest that the buy signal is fake. In this case, the buying position can be closed. This also applies to the selling process.
Best Use
This indicator should be used for SPOT trades. Regardless, since it is not possible to know exactly the direction of the market, it should be considered to buy gradually at buy signals and sell gradually at sell signals.
It should be followed for at least a 4-hour period. We do not recommend its use as the margin of error will increase in shorter time periods.
After a buy signal comes, a short decline may occur and the rise may begin. An immediate rise should not be expected after the signal arrives. Since the signals are not guaranteed to work 100%, we do not recommend you to trade with all your money.
No Repainting
Repainting is definitely not done. After the symbols appear, the closing should be expected. Once the closing occurs, the symbol will now be permanent.
Disclaimer
This indicator is for informational purposes only and should be used for educational purposes only. You may lose money if you rely on this to trade without additional information. Use at your own risk.
Version
v1.0
[_ParkF]cRSIHi, it's been a while since I posted a script.
This script basically puts the principle of convergence and divergence first.
(The Bollinger Band on the main chart is for reference)
The cRSI will move within the range of 0-100 just like the normal RSI
Along with that, there is a Donchian channel that will be the main activity area of the cRSI
If you know the characteristics of the Bollinger Band, it might be easy to understand
Basically, it will have the Expansion - Bulge - Squeeze Cycle
I wanted to express the movement of the wave visually.
Donchian Channel can be viewed to check Expansion - Bulge - Squeeze.
The centerline of the Donchian Channel is important because it plays a key role in identifying trends, such as 50 of the cRSI.
Also, Bear and Bull Divergence has 3 different colors
The reason is that the Divergence measurement period values are different.
Bear Divergence will be marked with Yellow, Orange, Red Label, and Bull Divergence will be marked with Green, Blue and Purple Label Purple. There will be a longer period of diversity in the order listed order.
I hope it helps your trading.
--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
안녕하세요, 오랜만에 새로운 지표를 올립니다.
이 지표는 기본적으로 수렴과 발산을 가장 중요하게 생각한 것입니다.
(메인 차트에 있는 볼린저 밴드는 참고를 위한 것입니다.)
cRSI는 일반적 RSI와 마찬가지로 0-100의 범위 안에서 움직이겠지만
그와 함께 cRSI의 주 활도 범위가 될 돈치안 채널이 함께 존재해서
볼린저 밴드의 특성을 알고 있다면 이해하기 쉬울 수 있을 것 같은데
기본적으로 Expansion - Bulge - Squeeze의 사이클을 가질 것이고
그 파동에 따른 RSI의 움직을 시각적으로 표현해보고 싶어서 만들었습니다.
돈치안 채널은 Expansion - Bulge - Squeeze 를 확인하기 위해 존재한다고 보면 될 것이고
돈치안 채널의 중심선은 cRSI의 50의 위치와 같이 추세를 확인하는데 있어
중점적인 역할을 하기 때문에 유의깊게 보면 좋습니다.
또, 하락과 상승 다이버전스는 각각 3가지 종류이고 색이 다릅니다.
이뉴는 각각의 다이버전스의 측정 기간값을 다르게 했기 때문이며,
하락 다이버전스는 노랑, 주황, 빨강 라벨로 표시 될 것이고
상승 다이버전스는 초록, 파랑, 보라 라벨로 표시 되며,
나열한 순서대로 더 긴 기간값의 다이버전스가 라벨로 플롯됩니다.
트레이딩에 도움이 됐으면 좋겠습니다.
BBC M2 Pi Ratio Indicator v2Pi Cycle indicator expressed as a ratio such that when the indicator triggers (350DMA *2 = 111DMA) the ratio will be 1. This allows you to place an alert on the ratio line for crossing certain thresholds such as 1.1.
Pi Cycle Top Ribbon [Mamo]This is a modification on the original Pi Cycle Top Indicator by Philip Swift.
It consists of 2 moving averages with one of them being multiplied by a chosen number. When the lower moving average crosses the higher (with multiple) moving average, the bull market top is indicated.
The original indicator showed bull market tops within a 3 day accuracy. This version shows the exact tops on the exact day for 2013 and 2017.
There are 7 different perfect solution shown as a band in this modified indicator. Each solution is a color pair and can be viewed separately by turning each combination off or on in the settings.
2T sine wave + correlation ranks v1This indicator produces up to 6 sinusoids very useful in the cyclical analysis, moreover a correlation index has been inserted to understand which cycle is more correlated to the price trend.
The degree of correlation is represented by the small dots at the end of the waves.
//The highest is the most correlated; all the others to follow
TradiKator 07 Turnover Cycle MATradiKator 07 Turnover Cycle MA (TCM (HSX) 07 by TK) is a visual indicator that underlying stock's character since its participants' collected forces cause the price movement.
Here, we use turnover rate estimation to identify a possible trading level of a given underlying stock.
I hope this indicator can help traders to estimate a true market average price in the essential trading behavior.
Here is an input option to enter shares float manually in the case that a user who has quite a limited time frame financial data.
Known issue:
The share split will cause "Total float shares" inaccurate and therefore the result will be unreliable.
We are trying to find a solution.
TradiKator is Traders' indicator.
Please visit TraiKator for more free scripts.
We also support the Chinese.
Happy new year!
Wishing you a great and successful journey in the Chinese Zodiac Bull Year.
Ark Crypto HeatlineThis is the 'on chart' indicator. See also "Ark Crypto Heatband" indicator for a side-by-side BTC view, without a re-scaled line.
The crypto landscape is largely dominated by BTC and characterised by cyclical stages with varying degrees of mean reversion.
To understand what stage of the cycle we are currently experiencing, it is useful to examine to what degree the current price has extended beyond the long term average that BTC has established. This is true even when analysing other crypto assets as BTC is the dominant force in the crypto asset class.
This indicator uses the 1400 period daily SMA , which is broadly the 200 period weekly SMA. This can be configured, but historically has represented a baseline to which BTC commonly returns.
The graph plots current price in terms of multiples of this long term average. Traditionally, at multiples beyond 10, BTC is considered overextended with a higher likelihood of trending towards the mean thereafter. Colors indicate the extent of price extension.
Where the indicator is applied to non BTCUSD pairs, a smoothed conversion is applied, seeking to superimpose the BTC long period SMA onto the current chart.
The indicator specifically references BTC by default on all charts, as it is designed to use BTC as general purpose indication of where crypto as a whole currently sits. Accordingly the indicator is only to be used on crypto charts.
For best results on BTC, using BNC:BLX will give the longest historical view.
Ark Crypto HeatbandThe crypto landscape is largely dominated by BTC and characterised by cyclical stages with varying degrees of mean reversion.
To understand what stage of the cycle we are currently experiencing, it is useful to examine to what degree the current BTC price has extended beyond a long term average. This is true even when analysing other crypto assets and helpful to view side by side.
This indicator uses the 1400 period daily SMA, which is broadly the 200 period weekly SMA. This can be configured, but historically has represented a baseline to which BTC commonly returns.
The graph plots current price in terms of multiples of this long term average. Traditionally, at multiples beyond 10, BTC is considered overextended with a higher likelihood of trending towards the mean thereafter. Colors indicate the extend of price extension.
The indicator specifically references BTC by default on all charts as it is designed to use BTC as general purpose indication of where crypto as a whole currently sits. Accordingly the indicator is only to be used on crypto charts.