OPEN-SOURCE SCRIPT
Updated Bitcoin Investor Tool: 2-Year MA Multiplier
It is two 2 year length sma's. One sma*5 another just sma.
It is a long term investing tool with Valuation scores in a upper right corner. When price moves from a middle up scores decreas maximum to -1 in a near place to higher sma which usually a top of cycle.
When price moves near to bottom sma score indcreasing to +1 maximum
Visual reprasantation of valuation you can see on a color of sma's. When upper sma become red, means top is close, when bottom sma become green, bottom is close, the same with background.
You can send allert with values.
Example of scores
https://www.tradingview.com/x/97981a4P/
https://www.tradingview.com/x/WXgxWCUs/
It is a long term investing tool with Valuation scores in a upper right corner. When price moves from a middle up scores decreas maximum to -1 in a near place to higher sma which usually a top of cycle.
When price moves near to bottom sma score indcreasing to +1 maximum
Visual reprasantation of valuation you can see on a color of sma's. When upper sma become red, means top is close, when bottom sma become green, bottom is close, the same with background.
You can send allert with values.
Example of scores
https://www.tradingview.com/x/97981a4P/
https://www.tradingview.com/x/WXgxWCUs/
Release Notes
-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.
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.
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.