Mayer Multiple Dynamic Histogram [arviman] — Indicator by arviman

Plots dynamic levels of the standard mayer multiple based on percentile of recent history. This allows you to view color coded information in a more dynamic fashion.
Hope this helps give you an overview of the current market.
This can be used for crypto but also for quick analysis of the current trend for any other instruments like stocks.

Release Notes:

upgrade to v4, added an SMA display

Release Notes:

updated step size

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

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.

Want to use this script on a chart?