OPEN-SOURCE SCRIPT
Half-Pi Cycle CKB top indicator (insanely experimental)
This is an insanely experimental script. It's a modified version of the Bitcoin pi-cycle top indicator.
It changes the Bitcoin pi-cycle top formula by halving the number of days in the two DMAs used in calculation, from 350/111 to 175/56. So I call it the half-pi cycle. It correctly picked the top of CKB (Nervos Network) vs USDT on Huobi in spring 2021 within three days.
It probably is a coincidence, and could very easily not pick the next cycle peak correctly at all. Using such a short number of days makes it a little dubious, but I had no choice since there's only so much price history for this coin. I strongly advise you to not make any trades based on this script! I cannot be held accountable if you lose money due to this script. It hasn't been shown to be accurate multiple times like the Bitcoin pi-cycle top indicator. I simply find this interesting and want to see if it works next time.
It changes the Bitcoin pi-cycle top formula by halving the number of days in the two DMAs used in calculation, from 350/111 to 175/56. So I call it the half-pi cycle. It correctly picked the top of CKB (Nervos Network) vs USDT on Huobi in spring 2021 within three days.
It probably is a coincidence, and could very easily not pick the next cycle peak correctly at all. Using such a short number of days makes it a little dubious, but I had no choice since there's only so much price history for this coin. I strongly advise you to not make any trades based on this script! I cannot be held accountable if you lose money due to this script. It hasn't been shown to be accurate multiple times like the Bitcoin pi-cycle top indicator. I simply find this interesting and want to see if it works next time.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
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.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
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.