OPEN-SOURCE SCRIPT

HSI - Halving Seasonality Index for Bitcoin (BTC) [Logue]

Halving Seasonality Index (HSI) for Bitcoin (BTC) - The HSI takes advantage of the consistency of BTC cycles. Past cycles have formed macro tops around 538 days after each halving. Past cycles have formed macro bottoms every 948 days after each halving. Therefore, a linear "risk" curve can be created between the bottom and top dates to measure how close BTC might be to a bottom or a top. The default triggers are set at 98% risk for tops and 5% risk for bottoms. Extensions are also added as defaults to allow easy identification of the dates of the next top or bottom according to the HSI.
Cyclesforecasting

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 publication is governed by House rules. You can favorite it to use it on a chart.

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