OPEN-SOURCE SCRIPT

Average Total Price From Bottom

This is an indicator to help determine where the bottom of the market is currently based on the average close of the previous cycle. This is an idea from Jay_DCA on YouTube and I thought it would be fun to code. Enjoy!

How to use:
Specify the date at which the bottom of the markets occurred. I added two extra cycle inputs for future usability. So, when the current bottom is found of this bull cycle, make sure to change the date in Bottom 3.
Bitcoin (Cryptocurrency)bottomDCAMoving Averages

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 publication is governed by House rules. You can favorite it to use it on a chart.

Want to use this script on a chart?

Disclaimer