OPEN-SOURCE SCRIPT
Updated Bitcoin Price Temperature: Weekly Timeframe
Use this oscillator at weekly timeframes:
The Bitcoin Price Temperature (BPT) is an oscillator that models the number of standard deviations the price has moved away from the 4-yr moving average. This seeks to establish a mean reversion model based on the cyclical nature of Bitcoin halving and investment cycles. The BPT bands then establish price levels that coincide with specific standard deviation multiples to identify fair and extreme valuations.
Coined By:
DilutionProof
Interpretation:
Values above 6 indicate extremely high price areas: (TOP OF THE MARKET)
Areas below 0.2 indicate extremely low price areas: (BOTTOM OF THE MARKET)
The Bitcoin Price Temperature (BPT) is an oscillator that models the number of standard deviations the price has moved away from the 4-yr moving average. This seeks to establish a mean reversion model based on the cyclical nature of Bitcoin halving and investment cycles. The BPT bands then establish price levels that coincide with specific standard deviation multiples to identify fair and extreme valuations.
Coined By:
DilutionProof
Interpretation:
Values above 6 indicate extremely high price areas: (TOP OF THE MARKET)
Areas below 0.2 indicate extremely low price areas: (BOTTOM OF THE MARKET)
Release Notes
fixed for weekly timeframeRelease Notes
fixed for weekly timeframeRelease Notes
Chart UpdatedOpen-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.
For more of my on-chain analyses, visit my CryptoQuant profile:
cryptoquant.com/profile/u/CryptoOnchain?tab=quicktake
cryptoquant.com/profile/u/CryptoOnchain?tab=quicktake
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.
For more of my on-chain analyses, visit my CryptoQuant profile:
cryptoquant.com/profile/u/CryptoOnchain?tab=quicktake
cryptoquant.com/profile/u/CryptoOnchain?tab=quicktake
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.