2-Year MA Multiplier — Indicator by mljones

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)

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

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