HSS Bitcoin Mayer Multiple
Introducing the Mayer Multiple script…the Mayer Multiple looks over extended periods of time and pinpoints when a cryptocurrency was overbought/sold. The calculation itself is simply the price of the cryptocurrency divided by the 200-day SMA. The default settings are based on Trace Mayer’s recommended numbers but can be adjusted to satisfy your own preferences.
So check it out – I hope you find it useful. As always, this indicator/script should not be taken as trading or financial advice of any kind; it should be used for educational purposes only.
So check it out – I hope you find it useful. As always, this indicator/script should not be taken as trading or financial advice of any kind; it should be used for educational purposes only.