Major Mayer Multiple Example #1
Since the chart of the script (indicator) changes on each update this Idea Is an Example on how the Major Mayer Multiple can be used with default values.
This indicator is obviously a lagging indicator and it shouldn't be used alone nevertheless we can clearly see how it can be used to somehow detect larger cycles but also minor ones if each setting is properly adjusted.
More about this indicator: https://www.tradingview.com/script/ENrz1RYA-Major-Mayer-Multiple/
With some changes we can even achieve things like this...
https://cryptok.eu
This indicator is obviously a lagging indicator and it shouldn't be used alone nevertheless we can clearly see how it can be used to somehow detect larger cycles but also minor ones if each setting is properly adjusted.
More about this indicator: https://www.tradingview.com/script/ENrz1RYA-Major-Mayer-Multiple/
With some changes we can even achieve things like this...
https://cryptok.eu
Note
One more example adjusting some settings but still only focusing on larger time frames.Note
Script updated... I only noticed a bug using the last chart. The new version fix the colouring issue.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.