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Dean_Trader
18. Apr. 2020 14:16

Extended Golden Ratio Fibonacci Multiplier + Pi Cycle Top 

Bitcoin Liquid IndexBrave New Coin

Beschreibung

Here I present the Golden Ratio Multiplier and Pi Cycle Top Indicator originally conceptualized by Philip Swift, and extend it. Due to popular demand for a nicer looking color scheme and added MAs & functionalities, I decided to publish this indicator, of course with free access for everyone as the discovery is attributed to Philip. The indicator works best for BLX (BraveNewCoin Liquid Index for Bitcoin) on daily (D) or weekly (W) timeframe. Other timeframes are not supported (and also generally not needed as this is a rather high timeframe indicator).

Added functionality:
- Additional Fibonacci MAs for Bottom: 0.618*MA(50W) and 0.382*MA(50W), which seem to be distinct high timeframe support MAs
- Pi Cycle Top and all Fibonacci MAs can be plotted or hidden individually
- Correct MA values for daily (D) and weekly (W) timeframes are automatically assigned, so you do not need to change anything when you switch between those timeframes.

It is generally said that Bitcoin's peaks always only reach a lower yearly Fibonacci MA. The next one to eye would be the 3*MA(50W) = 3*MA(350D) here plotted in dark green. Historically when the MA(16W) = MA(111D) (here plotted in magenta) line crossed the 2*MA(50W) = 2*(350D) line (plotted in cyan) from below a cycle peak is reached. This indicator might therefore be a good high timeframe indicator for Bitcoin trading. Of course this is no financial advice.
Kommentare
sundaydre1
WOW WOW...Gold Ratio Multiplier and Pi Cycle Top Indicator in one spot..Damm thank you sir
cahtreber
Thank you for open source it. That is true spirit of community, but not everyone acts in that spirit. Kudos to you!
massivePython49493
Only two ma visible. Rest are not shown
Dean_Trader
@massivePython49493, all MAs can be toggled on and off from the indicator settings menu
Indicator-Jones
Thank you for this 🙏
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