OPEN-SOURCE SCRIPT
Updated Puell Multiple Variants [OperationHeadLessChicken]
"Puell Multiple Variants" includes three related indicators for analysing Bitcoin miner revenue dynamics:
Classic Puell Multiple – the original indicator showing how current miner revenue compares to its long-term average.
Halving-Corrected Puell Multiple – applies a compensation factor to adjust for miner revenue reductions after each halving, allowing easier comparison to a consistent overvalued threshold.
Revenue RSI – a novel approach applying the Relative Strength Index to miner revenue to identify potential over- and undervalued conditions.
Each component can be shown or hidden individually.
All parameters are fully adjustable via input settings.
Classic Puell Multiple – the original indicator showing how current miner revenue compares to its long-term average.
Halving-Corrected Puell Multiple – applies a compensation factor to adjust for miner revenue reductions after each halving, allowing easier comparison to a consistent overvalued threshold.
Revenue RSI – a novel approach applying the Relative Strength Index to miner revenue to identify potential over- and undervalued conditions.
Each component can be shown or hidden individually.
All parameters are fully adjustable via input settings.
Release Notes
Minor bugfixes to the original script:- Default parameter values
- Scaling
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.
Software engineer with a passion for C++, Pine Script, and trading. For more insights and research visit petertengg.com/
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.
Software engineer with a passion for C++, Pine Script, and trading. For more insights and research visit petertengg.com/
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.