OPEN-SOURCE SCRIPT

Dblocs 4 Year BTC Cycle Guide

// Indicator Description:
// The "Dblocs 4 Year BTC Cycle Guide" indicator represents a fixed recurring profit-taking cycle that begins with each Bitcoin halving event.

// Functionality Explained:
// After every halving event, there has been a fixed number of weeks following that marked the area of highest profitability for taking profit.
// • 40 Weeks (Post-Halving) = Start of the optimal profit-taking zone.
// • 80 Weeks (Post-Halving) = "Last Call" for profit-taking before the bear market.
// • 135 Weeks (Post-Halving) = Optimal area to begin Dollar-Cost Averaging.

//version=5
indicator(title='Dblocs 4 Year BTC Cycle Guide', overlay=true)

// Function to check if it's after a halving based on months (weekly)
isAfterHalvingWeeks(y, m, d, months) =>
halvingDate = timestamp(y, m, d)
startDate = request.security(syminfo.tickerid, 'D', halvingDate + 1)
endDate = startDate + months * 30 * 24 * 60 * 60 * 300
time >= startDate and time <= endDate

// Function to check if it's after a halving based on months (monthly)
isAfterHalvingMonths(y, m, d, months) =>
halvingDate = timestamp(y, m, d)
startDate = request.security(syminfo.tickerid, 'M', halvingDate + 1)
endDate = startDate + months * 36 * 30 * 24 * 60 * 60 * 100
time >= startDate and time <= endDate

// Set the future halving date
halvingDate4th = timestamp(2024, 4, 19)

halvingdate = input(defval=true, title="Halving Date")
var WeeklyProfitSTART = input(true, title="(Weekly) Profit [START TP]")
var WeeklyProfitEND = input(true, title="(Weekly) Profit [END]")
var MonthlyProfitSTART = input(true, title="(Monthly) Profit [START TP]")
var MonthlyProfitEND = input(true, title="(Monthly) Profit [END]")
var DCAstart = input(true, title="DCA (Show)")
var ShowBackgroundColor = input(true, title="Show Background Color")

isDate(y, m, d) => timestamp(y, m, d) <= time and timestamp(y, m, d) > time[1]

// Check if it's a daily chart
isDaily = timeframe.isdaily

// Check if it's a weekly chart
isWeekly = timeframe.isweekly

// Check if it's a monthly chart
isMonthly = timeframe.ismonthly

// Weekly Plots & Calculations
profitStartOffsetWeekly = input.int(40, title="(Weekly) START Profit [Offset]", minval=-40)
profitEndOffsetWeekly = input.int(80, title="(Weekly) END Profit [Offset]", minval=0)
DCAstartOffsetWeekly = input.int(123, title="DCA Weekly [Offset]", minval=0)

// Monthly Plots & Calculations
profitStartOffsetMonthly = input.int(10, title="(Monthly) START Profit [Offset]", minval=-100)
profitEndOffsetMonthly = input.int(18, title="(Monthly) END Profit [Offset]", minval=0)
DCAstartOffsetMonthly = input.int(27, title="DCA Monthly [Offset]", minval=0)

// Use the same input for weekly
bgcolor(ShowBackgroundColor and isWeekly and (isAfterHalvingWeeks(2012, 11, 28, 5.5) or isAfterHalvingWeeks(2016, 7, 9, 5.5) or isAfterHalvingWeeks(2020, 5, 11, 5.5) or isAfterHalvingWeeks(2024, 4, 10, 6)) ? color.rgb(0, 255, 8, 90) : na, offset=+40)
bgcolor(ShowBackgroundColor and isWeekly and (isAfterHalvingWeeks(2012, 11, 28, 5.5) or isAfterHalvingWeeks(2016, 7, 9, 5.5) or isAfterHalvingWeeks(2020, 5, 11, 5.5) or isAfterHalvingWeeks(2024, 4, 10, 6)) ? color.rgb(0, 255, 8, 85) : na, offset=+47)
bgcolor(ShowBackgroundColor and isWeekly and (isAfterHalvingWeeks(2012, 11, 28, 5.5) or isAfterHalvingWeeks(2016, 7, 9, 5.5) or isAfterHalvingWeeks(2020, 5, 11, 5.5) or isAfterHalvingWeeks(2024, 4, 10, 6)) ? color.rgb(0, 255, 8, 80) : na, offset=+54)
bgcolor(ShowBackgroundColor and isWeekly and (isAfterHalvingWeeks(2012, 11, 28, 5.5) or isAfterHalvingWeeks(2016, 7, 9, 5.5) or isAfterHalvingWeeks(2020, 5, 11, 5.5) or isAfterHalvingWeeks(2024, 4, 10, 6)) ? color.rgb(0, 255, 8, 75) : na, offset=+61)
bgcolor(ShowBackgroundColor and isWeekly and (isAfterHalvingWeeks(2012, 11, 28, 5.5) or isAfterHalvingWeeks(2016, 7, 9, 5.5) or isAfterHalvingWeeks(2020, 5, 11, 5.5) or isAfterHalvingWeeks(2024, 4, 10, 6)) ? color.rgb(0, 255, 8, 60) : na, offset=+68)
bgcolor(ShowBackgroundColor and isWeekly and (isAfterHalvingWeeks(2012, 11, 28, 3.5) or isAfterHalvingWeeks(2016, 7, 9, 3.5) or isAfterHalvingWeeks(2020, 5, 11, 3.5) or isAfterHalvingWeeks(2024, 4, 10, 4)) ? color.rgb(0, 255, 8, 55) : na, offset=+75)

// Use the same input for monthly
bgcolor(ShowBackgroundColor and isMonthly and (isAfterHalvingMonths(2012, 11, 28, 0.25) or isAfterHalvingMonths(2016, 7, 9, 0.25) or isAfterHalvingMonths(2020, 5, 11, 0.25) or isAfterHalvingMonths(2024, 4, 10, 1)) ? color.rgb(0, 255, 8, 85) : na, offset=+11)
bgcolor(ShowBackgroundColor and isMonthly and (isAfterHalvingMonths(2012, 11, 28, 0.25) or isAfterHalvingMonths(2016, 7, 9, 0.25) or isAfterHalvingMonths(2020, 5, 11, 0.25) or isAfterHalvingMonths(2024, 4, 10, 1)) ? color.rgb(0, 255, 8, 80) : na, offset=+12)
bgcolor(ShowBackgroundColor and isMonthly and (isAfterHalvingMonths(2012, 11, 28, 0.25) or isAfterHalvingMonths(2016, 7, 9, 0.25) or isAfterHalvingMonths(2020, 5, 11, 0.25) or isAfterHalvingMonths(2024, 4, 10, 1)) ? color.rgb(0, 255, 8, 75) : na, offset=+13)
bgcolor(ShowBackgroundColor and isMonthly and (isAfterHalvingMonths(2012, 11, 28, 0.25) or isAfterHalvingMonths(2016, 7, 9, 0.25) or isAfterHalvingMonths(2020, 5, 11, 0.25) or isAfterHalvingMonths(2024, 4, 10, 1)) ? color.rgb(0, 255, 8, 65) : na, offset=+14)
bgcolor(ShowBackgroundColor and isMonthly and (isAfterHalvingMonths(2012, 11, 28, 0.25) or isAfterHalvingMonths(2016, 7, 9, 0.25) or isAfterHalvingMonths(2020, 5, 11, 0.25) or isAfterHalvingMonths(2024, 4, 10, 1)) ? color.rgb(0, 255, 8, 55) : na, offset=+15)
bgcolor(ShowBackgroundColor and isMonthly and (isAfterHalvingMonths(2012, 11, 28, 0.25) or isAfterHalvingMonths(2016, 7, 9, 0.25) or isAfterHalvingMonths(2020, 5, 11, 0.25) or isAfterHalvingMonths(2024, 4, 10, 1)) ? color.rgb(0, 255, 8, 45) : na, offset=+16)
bgcolor(ShowBackgroundColor and isMonthly and (isAfterHalvingMonths(2012, 11, 28, 0.25) or isAfterHalvingMonths(2016, 7, 9, 0.25) or isAfterHalvingMonths(2020, 5, 11, 0.25) or isAfterHalvingMonths(2024, 4, 10, 1)) ? color.rgb(0, 255, 8, 40) : na, offset=+17)

// Define a variable for label x-coordinate
labelX = isDaily ? bar_index + 280 : bar_index + 0

// Draw Halving function for daily
drawHalving(y, m, d, align, align2) =>
line.new(bar_index, low, bar_index, high, xloc.bar_index, extend.both, color=color.rgb(255, 123, 0), style=line.style_dashed, width=3)
if (halvingdate)
label.new(bar_index, high, text='⛏\nHalving\n' + str.tostring(m) + '/' + str.tostring(d) + '/' + str.tostring(y) + '\n🟠', style=label.style_label_lower_right, textcolor=color.rgb(0, 0, 0), color=color.rgb(255, 136, 0, 5), textalign=text.align_center, yloc=yloc.abovebar, size=size.normal)
if isWeekly
label.new(WeeklyProfitSTART ? labelX + profitStartOffsetWeekly : na, na, text='Profit\nSTART\n🟢\n⛏\n40ʷ ᵃᵍᵒ', style=label.style_label_lower_right, textcolor=color.rgb(0, 0, 0), color=color.rgb(17, 255, 0), textalign=text.align_center, yloc=yloc.abovebar, size=size.normal)
label.new(WeeklyProfitEND ? labelX + profitEndOffsetWeekly : na, na, text='Profit\nEND\n🔴\n⛏\n80ʷ ᵃᵍᵒ', style=label.style_label_lower_left, textcolor=color.rgb(0, 0, 0), color=color.rgb(255, 0, 0), textalign=text.align_center, yloc=yloc.abovebar, size=size.normal)
label.new(DCAstart ? labelX + DCAstartOffsetWeekly : na, na, text='→\nDCA\n🟡\n⛏\n135ʷ ᵃᵍᵒ', style=label.style_label_up, textcolor=color.rgb(0, 0, 0), color=color.rgb(226, 246, 0, 25), textalign=text.align_center, yloc=yloc.belowbar, size=size.normal)
line.new(WeeklyProfitSTART ? labelX + profitStartOffsetWeekly : na, low, WeeklyProfitSTART ? labelX + profitStartOffsetWeekly : na, high, xloc.bar_index, extend.both, color=color.rgb(0, 255, 8), style=line.style_dotted, width=2)
line.new(WeeklyProfitEND ? labelX + profitEndOffsetWeekly : na, low, WeeklyProfitEND ? labelX + profitEndOffsetWeekly : na, high, xloc.bar_index, extend.both, color=color.rgb(255, 0, 0), style=line.style_dotted, width=2)
label.new(WeeklyProfitSTART ? labelX + profitStartOffsetWeekly : na, high, style=label.style_cross, yloc=yloc.abovebar, color=color.rgb(40, 255, 0), size=size.small)
label.new(WeeklyProfitEND ? labelX + profitEndOffsetWeekly : na, high, style=label.style_cross, yloc=yloc.abovebar, color=color.rgb(40, 255, 0), size=size.small)
label.new(DCAstart ? labelX + DCAstartOffsetWeekly + 0 : na, high, style=label.style_circle, yloc=yloc.belowbar, color=color.rgb(251, 226, 0), size=size.tiny)
label.new(DCAstart ? labelX + DCAstartOffsetWeekly + 12 : na, high, style=label.style_circle, yloc=yloc.belowbar, color=color.rgb(203, 249, 0, 35), size=size.tiny)
label.new(DCAstart ? labelX + DCAstartOffsetWeekly + 24 : na, high, style=label.style_circle, yloc=yloc.belowbar, color=color.rgb(170, 255, 59, 46), size=size.tiny)
label.new(DCAstart ? labelX + DCAstartOffsetWeekly + 36 : na, high, style=label.style_circle, yloc=yloc.belowbar, color=color.rgb(115, 255, 0, 58), size=size.tiny)
label.new(DCAstart ? labelX + DCAstartOffsetWeekly + 48 : na, high, style=label.style_circle, yloc=yloc.belowbar, color=color.rgb(38, 255, 0, 58), size=size.tiny)

if isMonthly
label.new(MonthlyProfitSTART ? labelX + profitStartOffsetMonthly : na, na, text='Profit\nSTART\n🟢\n⛏\n40ʷ ᵃᵍᵒ', style=label.style_label_lower_right, textcolor=color.rgb(0, 0, 0), color=color.rgb(17, 255, 0), textalign=text.align_center, yloc=yloc.abovebar, size=size.normal)
label.new(MonthlyProfitEND ? labelX + profitEndOffsetMonthly : na, na, text='Profit\nEND\n🔴\n⛏\n80ʷ ᵃᵍᵒ', style=label.style_label_lower_left, textcolor=color.rgb(0, 0, 0), color=color.rgb(255, 0, 0), textalign=text.align_center, yloc=yloc.abovebar, size=size.normal)
... (35 lines left)
Candlestick analysisChart patternsCycles

Script open-source

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