OPEN-SOURCE SCRIPT
2-Year MA Multiplier
This is a recreation of the chart from "Bitcoin Investor Tool: 2-Year MA Multiplier" at lookintobitcoin by Philip Swift.
It gives an idea of BTC swings on a 2 year period with the highs being marked by 5x the 2 year SMA. This could be useful on other alts like LTC and Eth.
Source:
//version=3
// based on Bitcoin Investor Tool: 2-Year MA Multiplier
// lookintobitcoin com/charts/bitcoin-investor-tool/
study(title="2-Year MA", overlay=true)
avg = sma(close, 730)
avgMult = avg*5
avgPlot=plot(avg, color = green, linewidth = 1)
avgMultPlot=plot(avgMult, color = red, linewidth = 1)
fill(avgPlot, avgMultPlot)
It gives an idea of BTC swings on a 2 year period with the highs being marked by 5x the 2 year SMA. This could be useful on other alts like LTC and Eth.
Source:
//version=3
// based on Bitcoin Investor Tool: 2-Year MA Multiplier
// lookintobitcoin com/charts/bitcoin-investor-tool/
study(title="2-Year MA", overlay=true)
avg = sma(close, 730)
avgMult = avg*5
avgPlot=plot(avg, color = green, linewidth = 1)
avgMultPlot=plot(avgMult, color = red, linewidth = 1)
fill(avgPlot, avgMultPlot)
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.