OPEN-SOURCE SCRIPT
ETH Gravity Oscillator
This indicator is a deviation of a Center of Gravity Oscillator corrected for the diminishing returns of Ethereum.
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. What is interesting is that it is not particularly ideal for identifying market cycle tops, but generally picks out the most euphoric region in the initial parabolic rally. Good to potentially keep in mind if there is a second bounce to the peak!
The indicator plots in any ETH charts. It paints in all time frames, but Weekly time frame is the correct one to interpret the 'official' read of it.
Made at the request of a kind commenter. If you would like to request different derivations of this script be sure to let me know!
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. What is interesting is that it is not particularly ideal for identifying market cycle tops, but generally picks out the most euphoric region in the initial parabolic rally. Good to potentially keep in mind if there is a second bounce to the peak!
The indicator plots in any ETH charts. It paints in all time frames, but Weekly time frame is the correct one to interpret the 'official' read of it.
Made at the request of a kind commenter. If you would like to request different derivations of this script be sure to let me know!
开源脚本
本着TradingView的真正精神，此脚本的创建者将其开源，以便交易者可以查看和验证其功能。向作者致敬！虽然您可以免费使用它，但请记住，重新发布代码必须遵守我们的网站规则。
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。
开源脚本
本着TradingView的真正精神，此脚本的创建者将其开源，以便交易者可以查看和验证其功能。向作者致敬！虽然您可以免费使用它，但请记住，重新发布代码必须遵守我们的网站规则。
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。