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Tooraj_
Jun 24, 2019 3:23 AM

BTC Top and Bottom Picker 

BITSTAMP:BTCUSD1W
Bitcoin / U.S. dollarBitstamp

Description

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BTC Top and Bottom Picker

This study predicts BTC tops and bottoms using Bitstamp's daily close data/

It is based on Philip Swift's The Golden Ratio Multiplier post on Medium

In a nutshell:
  • The top is calculated when 111 daily SMA crossing 350 daily SMA
  • The bottom is calculated by dividing 350 daily SMA by 1.4


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Trend AnalysisBTCTOPbottom
Comments
alexi4_stoevi4
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hi, can this repaint ?
Tooraj_
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@alexi4_stoevi4, Well you wouldn't look at this at low time frames. So it doesn't really matter when you look at it with the daily or weekly candles.
Tooraj_
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There you have it, people! The bottom signal has just flashed this last week! We will know in 6-12 months how well this indicator works for bottoms.
Tooraj_
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Alessio Rastani's recent video about a similar indicator is based on similar logic. You may find it interesting.

youtu.be/jRWHccjnaBE
Tooraj_
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Getting very close to flashing the bottom signal!
Tooraj_
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Well, this seems to have picked the top again. Will it pick the bottom again?
POUNDTOWN
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previously, how long after the top or bottom did the indicator take to activate?
yozr23361
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Hi, can i have source of this indicator? price?
Tooraj_
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@ali_1673, DM me please.
xglider
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Is there a way to set an alert on this?
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