OPEN-SOURCE SCRIPT
BTC - Bitcoin Strategic Dashboard by RM
Title: BTC - Bitcoin Strategic Dashboard | RM
Overview & Philosophy
The Bitcoin Strategic Dashboard is a comprehensive analytics tool designed to provide deeper market context beyond simple price action.
While a standard chart displays price history, this dashboard focuses on the structural health of the market. It aims to answer clearer questions: Is the asset statistically overextended? Is the current volatility compressed or expanding? How is Bitcoin currently correlating with traditional equity markets?
This script aggregates key data points—Performance, Risk, Valuation, and Macro Correlations—into a single, organized table. It is designed to be a quiet, high-density reference tool that sits unobtrusively in the corner of your screen, helping to contextualize daily price movements without cluttering your workspace.
Methodology & Module Breakdown
The dashboard is divided into 5 strategic modules. Here is exactly how to read them, how they are calculated, and how to interpret the data.
1. PERFORMANCE
This section answers: "Is Bitcoin actually beating the traditional market, and by how much?"
BTC Return: The raw percentage growth of Bitcoin.
Timeframes: 1-Year (Tactical Trend) and 4-Year (The Halving Cycle).
Alpha (vs SPX / Gold):
Meaning: "Alpha" measures true outperformance. It tells you how much better your capital worked in Bitcoin compared to the S&P 500 (Stocks) or Gold.
Calculation: We use a Relative Growth Ratio. Instead of simple subtraction, we calculate the growth factor of BTC divided by the growth factor of the Benchmark.
Interpretation:
Green: Bitcoin is outperforming. It is the superior vehicle for capital.
Red: Bitcoin is underperforming traditional assets (Opportunity Cost is high).
2. RISK PROFILE
This section answers: "How dangerous is the market right now?"
Drawdown (DD):
Meaning: The percentage loss from the 1-Year High.
Interpretation: Deep Drawdowns (e.g., > -50%) historically signal generational buying opportunities (Deep Red). Small Drawdowns (< -5%) signal we are near "Discovery Mode" (Blue/Green).
Sharpe Ratio:
Meaning: The industry standard for "Risk-Adjusted Return." It asks: "Is the profit worth the stress?"
Timeframe: Annualized over 365 Days.
Interpretation:
> 1.0: Good. The return justifies the risk.
> 2.0: Excellent. (Dark Green).
< 0.0: Bad. You are taking risk for negative returns.
Sortino Ratio:
Meaning: Similar to Sharpe, but it only counts downside volatility as "risk." Bitcoin often rallies aggressively (Good Volatility); Sortino ignores the upside "risk" and focuses only on minimizing losses.
Volatility (Vol) & Rank:
Meaning: How violently the price is moving.
Calculation: We compare the current 30-Day Volatility against the last 4 Years of volatility history (Rank 0-100).
Interpretation (The Squeeze Strategy):
BLUE (Cold / <25%): Volatility is historically low. The market is "compressed." Big moves often follow these periods.
RED (Hot / >75%): Volatility is extreme. High risk of mean reversion or panic.
3. VALUATION & MOMENTUM
This section answers: "Is Bitcoin cheap or expensive?"
Mayer Multiple (MM):
Meaning: A "Godfather" of Bitcoin ratios.
Calculation: Current Price divided by the 200-Day Moving Average.
Interpretation:
< 0.8 (Blue): Historically "Cheap."
1.0: Fair Value (Price = Trend).
> 2.4 (Red): Speculative Bubble territory.
RSI (Relative Strength Index):
Timeframe: 14 Days.
Interpretation: >70 suggests the market is overheated (Red). <30 suggests oversold conditions (Blue).
Trend (ADX):
Meaning: The Average Directional Index measures the strength of a trend, not the direction.
Interpretation: Values >25 (Green) indicate a strong trend is present. Values <20 (Gray) indicate a choppy/sideways market (no trend).
vs 200W (Macro):
Meaning: The distance to the 200-Week Moving Average.
Interpretation: This line is historically the "Cycle Bottom" or "Absolute Support" for Bitcoin. Being close to it (or below it) is rare and often marks cycle lows.
4. MACRO CORRELATIONS
This section answers: "Is Bitcoin moving on its own, or just following the Stock Market?"
vs TradFi (SPX):
Timeframe: 90-Day Correlation Coefficient.
Interpretation:
High Positive (Red): BTC is just acting like a tech stock. No "Safe Haven" status.
Negative/Zero (Green): BTC is "decoupled." It is moving independently of Wall Street.
vs DXY (US Dollar):
Interpretation: Bitcoin usually moves inverse to the Dollar.
Negative (Green): Normal healthy behavior.
Positive (Red): Warning signal. If both DXY and BTC rise, something is breaking in the system.
5. HISTORICAL LEDGER
A Year-by-Year breakdown of returns.
Feature: You can toggle the comparison column in the settings to compare Bitcoin against either S&P 500 or Gold.
Usage: Helps visualize the cyclical nature of returns (e.g., the 4-year cycle pattern of Green-Green-Green-Red).
How to Read the Visuals (Heatmap)
The dashboard uses a standardized Bloomberg-style heatmap to let you assess the market state in milliseconds:
🟢 Green: Profit / Good Performance / Positive Alpha.
🔴 Red: Loss / Overheating / High Risk.
🔵 Blue: "Cold" / Cheap / Low Volatility (Potential Buy Zones).
🟠 Orange: Warning / High Drawdown.
⚫ Gray/Black: Neutral or Fair Value.
Settings & Customization
Visuals: Change the text size (Tiny, Small, Normal) to fit your screen resolution.
Modules: You can toggle individual sections on/off to save screen space.
Calculation: Switch the Historical Benchmark between "S&P 500" and "Gold" depending on your thesis.
Disclaimer
This script is for research and educational purposes only. The metrics provided (Sharpe, Sortino, Mayer Multiple) are derived from historical data and do not guarantee future performance. "Cheap" (Low Mayer Multiple) does not mean the price cannot go lower. Always manage your own risk.
Tags
bitcoin, btc, bloomberg, terminal, dashboard, onchain, mayer multiple, sharpe ratio, volatility, alpha, risk management, Rob Maths
Overview & Philosophy
The Bitcoin Strategic Dashboard is a comprehensive analytics tool designed to provide deeper market context beyond simple price action.
While a standard chart displays price history, this dashboard focuses on the structural health of the market. It aims to answer clearer questions: Is the asset statistically overextended? Is the current volatility compressed or expanding? How is Bitcoin currently correlating with traditional equity markets?
This script aggregates key data points—Performance, Risk, Valuation, and Macro Correlations—into a single, organized table. It is designed to be a quiet, high-density reference tool that sits unobtrusively in the corner of your screen, helping to contextualize daily price movements without cluttering your workspace.
Methodology & Module Breakdown
The dashboard is divided into 5 strategic modules. Here is exactly how to read them, how they are calculated, and how to interpret the data.
1. PERFORMANCE
This section answers: "Is Bitcoin actually beating the traditional market, and by how much?"
BTC Return: The raw percentage growth of Bitcoin.
Timeframes: 1-Year (Tactical Trend) and 4-Year (The Halving Cycle).
Alpha (vs SPX / Gold):
Meaning: "Alpha" measures true outperformance. It tells you how much better your capital worked in Bitcoin compared to the S&P 500 (Stocks) or Gold.
Calculation: We use a Relative Growth Ratio. Instead of simple subtraction, we calculate the growth factor of BTC divided by the growth factor of the Benchmark.
Interpretation:
Green: Bitcoin is outperforming. It is the superior vehicle for capital.
Red: Bitcoin is underperforming traditional assets (Opportunity Cost is high).
2. RISK PROFILE
This section answers: "How dangerous is the market right now?"
Drawdown (DD):
Meaning: The percentage loss from the 1-Year High.
Interpretation: Deep Drawdowns (e.g., > -50%) historically signal generational buying opportunities (Deep Red). Small Drawdowns (< -5%) signal we are near "Discovery Mode" (Blue/Green).
Sharpe Ratio:
Meaning: The industry standard for "Risk-Adjusted Return." It asks: "Is the profit worth the stress?"
Timeframe: Annualized over 365 Days.
Interpretation:
> 1.0: Good. The return justifies the risk.
> 2.0: Excellent. (Dark Green).
< 0.0: Bad. You are taking risk for negative returns.
Sortino Ratio:
Meaning: Similar to Sharpe, but it only counts downside volatility as "risk." Bitcoin often rallies aggressively (Good Volatility); Sortino ignores the upside "risk" and focuses only on minimizing losses.
Volatility (Vol) & Rank:
Meaning: How violently the price is moving.
Calculation: We compare the current 30-Day Volatility against the last 4 Years of volatility history (Rank 0-100).
Interpretation (The Squeeze Strategy):
BLUE (Cold / <25%): Volatility is historically low. The market is "compressed." Big moves often follow these periods.
RED (Hot / >75%): Volatility is extreme. High risk of mean reversion or panic.
3. VALUATION & MOMENTUM
This section answers: "Is Bitcoin cheap or expensive?"
Mayer Multiple (MM):
Meaning: A "Godfather" of Bitcoin ratios.
Calculation: Current Price divided by the 200-Day Moving Average.
Interpretation:
< 0.8 (Blue): Historically "Cheap."
1.0: Fair Value (Price = Trend).
> 2.4 (Red): Speculative Bubble territory.
RSI (Relative Strength Index):
Timeframe: 14 Days.
Interpretation: >70 suggests the market is overheated (Red). <30 suggests oversold conditions (Blue).
Trend (ADX):
Meaning: The Average Directional Index measures the strength of a trend, not the direction.
Interpretation: Values >25 (Green) indicate a strong trend is present. Values <20 (Gray) indicate a choppy/sideways market (no trend).
vs 200W (Macro):
Meaning: The distance to the 200-Week Moving Average.
Interpretation: This line is historically the "Cycle Bottom" or "Absolute Support" for Bitcoin. Being close to it (or below it) is rare and often marks cycle lows.
4. MACRO CORRELATIONS
This section answers: "Is Bitcoin moving on its own, or just following the Stock Market?"
vs TradFi (SPX):
Timeframe: 90-Day Correlation Coefficient.
Interpretation:
High Positive (Red): BTC is just acting like a tech stock. No "Safe Haven" status.
Negative/Zero (Green): BTC is "decoupled." It is moving independently of Wall Street.
vs DXY (US Dollar):
Interpretation: Bitcoin usually moves inverse to the Dollar.
Negative (Green): Normal healthy behavior.
Positive (Red): Warning signal. If both DXY and BTC rise, something is breaking in the system.
5. HISTORICAL LEDGER
A Year-by-Year breakdown of returns.
Feature: You can toggle the comparison column in the settings to compare Bitcoin against either S&P 500 or Gold.
Usage: Helps visualize the cyclical nature of returns (e.g., the 4-year cycle pattern of Green-Green-Green-Red).
How to Read the Visuals (Heatmap)
The dashboard uses a standardized Bloomberg-style heatmap to let you assess the market state in milliseconds:
🟢 Green: Profit / Good Performance / Positive Alpha.
🔴 Red: Loss / Overheating / High Risk.
🔵 Blue: "Cold" / Cheap / Low Volatility (Potential Buy Zones).
🟠 Orange: Warning / High Drawdown.
⚫ Gray/Black: Neutral or Fair Value.
Settings & Customization
Visuals: Change the text size (Tiny, Small, Normal) to fit your screen resolution.
Modules: You can toggle individual sections on/off to save screen space.
Calculation: Switch the Historical Benchmark between "S&P 500" and "Gold" depending on your thesis.
Disclaimer
This script is for research and educational purposes only. The metrics provided (Sharpe, Sortino, Mayer Multiple) are derived from historical data and do not guarantee future performance. "Cheap" (Low Mayer Multiple) does not mean the price cannot go lower. Always manage your own risk.
Tags
bitcoin, btc, bloomberg, terminal, dashboard, onchain, mayer multiple, sharpe ratio, volatility, alpha, risk management, Rob Maths
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.