Pi Cycle Bitcoin Top Indicator

Nov 30, 2020

The script implements the Pi Cycle Top indicator

This indicator identifies tops in the bitcoin market cycle. Historically, the Pi Cycle Top indicator has called out tops in the price of bitcoin within three days.

The script is very easy to use and it is possible to change the following parameters:

• the time interval (default value is day);
  
• the days of long moving average (default value is 365)
  
• the days of short moving average (default value is 111)
  
• show the moving average plots
  
• show the Pi Cycle Top label highlighting the cross-point
  

Dec 2, 2020

Release Notes

Improved the management of the graph timeframe.

Now the script automatically use the timeframe of the graph.

Jan 9, 2021

Release Notes

Show (with a label) when the long MA crossed above the short MA (named Pi cycle down).

Added two alert conditions:
1) Pi cycle top;
2) when the long MA crossed above the short MA.