OPEN-SOURCE SCRIPT
20w Extension Risk Normalized for Significant Peaks
Thesis: BTC's diminishing gains relative to the 20 week moving average can be dubiously extrapolated. Local bottoms are NOT normalized in this metric.
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.
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