Pi Cycle Bottom Indicator by Doncic

movingaverage cycles picycle picyclebottom picycletop movingaveragecrossover macro bitcoin

Back in June 2021, I was able to find two moving averages that crossed when Bitcoin reached it's cycle bottom, similar to Philip Swift's Pi-Cycle Top indicator.

The moving average pair used here was the x0.475 multiple of the 471 MA and the 150 EMA ( EMA to take into account of short term volatility ).

I have a more in-depth analysis and explanation of my findings on my medium page.

Trader Dončić.

Release Notes:

Added two new variables: long and short multiples.
These values modify the y-axis of both moving averages independently.

Release Notes:

Updated to Pine Script version 5.

Added difference between moving averages, with display off by default.
When the value of this line reaches < 0, cross has occurred.

Release Notes:

Updated for minor text adjustments.

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

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