Bitcoin Risk Indicator (Daily)

This indicator calculates the risk of buying and selling BTC , if the risk is reaching the upper boundaries of 0.8 to 1 then BTC is either getting close to a market cycle top or is far over extended.

If BTC is below 0.4 then this inidicates the least amount of Risk to buy BTC .
Open-source Skript

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.

Möchten Sie dieses Skript auf einem Chart verwenden?