godtrix

Bitcoin 2-Year MA Multiplier by Godtrix

Hi guys, I found this tool very useful and accurate, but can't find it on Trading View, so I made one for myself and everyone here ;)

Alert is available too.

Indicator Overview

The 2-Year MA Multiplier is intended to be used as a long term investment tool.

It highlights periods where buying or selling Bitcoin during those times would have produced outsized returns.

To do this, it uses a moving average (MA) line, the 2yr MA, and also a multiplication of that moving average line, 2yr MA x5.

Note: the x5 multiplication is of the price values of the 2yr moving average, not of its time period.

Buying Bitcoin when price drops below the 2yr MA (green line) has historically generated outsized returns. Selling Bitcoin when price goes above the 2yr MA x 5 (red line) has been historically effective for taking profit.

Why This Happens

As Bitcoin is adopted, it moves through market cycles. These are created by periods where market participants are over-excited causing the price to over-extend, and periods where they are overly pessimistic where the price over-contracts. Identifying and understanding these periods can be beneficial to the long term investor.

This tool is a simple and effective way to highlight those periods.

Credit to & Created By
Philip Swift

Date Created
July 2017

BITSTAMP:BTCUSD
Script open-source

Dans le plus pur esprit de TradingView, l'auteur de ce texte l'a publié en open-source, afin que les traders puissent le comprendre et le vérifier. Bravo à l'auteur ! Vous pouvez l'utiliser gratuitement, mais la réutilisation de ce code dans une publication est régie par les règles internes. Vous pouvez le mettre en favori pour l'utiliser sur un graphique.

Vous voulez utiliser ce script sur un graphique ?

Commentaires

Hi guys, sorry the previous version is banned for setting "lookahead" on. This version has turn it off, it doesn't affect the result anway because this tool is for us to identify the near future for Bull or Bear long-term trends. Definitely not advisable to use the Alert for immediate action. Just get ready and be prepared for the upcoming trend change.
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Akki2105 godtrix
@godtrix, indicator is not working
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godtrix Akki2105
@Akki2105, try setting 1 week chart? it works for many, including mine. if still can't get it to work, can you screenshot for me, i help you fix it
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Love it- thx man :)
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godtrix JarekKirylo
@JarekKirylo, cool, thanks!
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NOTE again: You'll need to set your chart to use "LOG SCALE" (Logarithmic) instead of Percentage or Regular. And please use 1 Week chart and Normal candle.
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Not working
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godtrix assalam
@assalam, are you using 1week chart + normal candle + LOG SCALE (won't work with regular/percentage scale) and if you're not using on BTCUSD, please try it first to compare result whether is same or not. I only run it on BTCUSD, it's specifically for Bitcoin market, I didn't test on any other market.
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NOTE: You'll need to set your chart to use "Log Scale" (Logarithmic) instead of Percentage or Regular.
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