theheirophant

Blockchain Fundamentals - Satoshies Per Dollar by Cryptorhythms

🔗Blockchain Fundamentals - Satoshis Per Dollar by Cryptorhythms

Intro
SPD is a new metric I propose which can be used to determine general sentiment and help narrow down periods to DCA .

Description
In the most basic sense this indicator is simply showing you how many satoshies are equal to one US dollar . This can be a useful metric to keep stored in the back of your mind. It can also give you a new satoshi based perspective on bitcoin pricing.

I simply added an MA selection option to give a basic sentiment reading. You could also use the red areas as a modified DCA (i.e. only do dollar cost averaging when red zone is in effect.

The indicator is not really meant for buy/sell signaling but more as a reference

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Script open-source

Dans le véritable esprit de TradingView, l'auteur de ce script 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 le règlement. Vous pouvez le mettre en favori pour l'utiliser sur un graphique.

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