TheTradingParrot

BTC top bottom weekly oscillator

This indicator is based on the 20 weekly simple moving average and it could be used to help finding potential tops and bottoms on a weekly BTC chart.

This version uses an "oscillator" presentation, it fluctuates around the value zero.

The indicator plots 0 when the close price is near the 20 weekly moving average.
If it's below 0 it reflects the price being below the 20 weekly moving average, and opposite for above.

IT's possible to see how many times the price has hit the 0.5 coef support. In one case it hit 0.6 showing that the 0.5 support can be broken.

The indicator is calculated as Log(close / sma(close))

Instructions:
- Use with the symbol INDEX:BTCUSD so you can see the price since 2010
- Set the timeframe to weekly

Optionals:
- change the coef to 0.6 for a more conservative bottom
- change the coef to 0.4 for a more conservative top


Join our membership to gain access to the private scripts.
www.thetradingparrot.com
开源脚本

本着真正的TradingView精神,该脚本的作者将其开源发布,以便交易者可以理解和验证它。为作者喝彩!您可以免费使用它,但在出版物中重复使用此代码受网站规则的约束。 您可以收藏它以在图表上使用。

免责声明

这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。

想在图表上使用此脚本?