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royalgarter

Moving Average Price Multiple

royalgarter  
Moving Averages
21
0
movingaverage
Author: Preston Pysh & Trace Mayer

Visit www.MayerMultiple.com to see current charts & explanation
Listen to Preston's Podcast: www.theinvestorspodcast.com/
Follow Preston on Twitter: twitter.com/PrestonPysh

This indicator calculate the Price Multiple from Current Close Price vs 200 Day Moving Average.
Based on Preston's article:
+ The average Mayer Multiple is 1.44 for the history of Bitcoin.
+ Safe Buying Threshold is 2.4
Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

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.

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