OPEN-SOURCE SCRIPT
Abz BTC Investor
Aktualisiert
Investor indicator:
This indicator is intended to be used on a chart showing Bitcoin's historical price action. By viewing years of Bitcoin's history, it's possible to better see Bitcoin's current price within a long term context of the price rage.
Purpose and possible usage:
I built the indicator to make it easier for me and for friends and family to make better informed decisions about our Bitcoin investments. The indicator shows the historic range of the asset and indicates where Bitcoin is oversold (below the bottom line) and overbought (above the top purple line):
- Above the top purple line, I'll look to take some profits or consider hedging to protect my long term position's growth
- Below the bottom purple line, I'll look to dollar cost average into a long term position
I think the idea for this came from idea listening to the YouTuber Birb talking about how well Bitcoin tracked between the 200 day moving average (bottom navy moving average) and 5x that value (top moving average).
Hope you find it useful.
Best wishes,
Abzorba
This indicator is intended to be used on a chart showing Bitcoin's historical price action. By viewing years of Bitcoin's history, it's possible to better see Bitcoin's current price within a long term context of the price rage.
Purpose and possible usage:
I built the indicator to make it easier for me and for friends and family to make better informed decisions about our Bitcoin investments. The indicator shows the historic range of the asset and indicates where Bitcoin is oversold (below the bottom line) and overbought (above the top purple line):
- Above the top purple line, I'll look to take some profits or consider hedging to protect my long term position's growth
- Below the bottom purple line, I'll look to dollar cost average into a long term position
I think the idea for this came from idea listening to the YouTuber Birb talking about how well Bitcoin tracked between the 200 day moving average (bottom navy moving average) and 5x that value (top moving average).
Hope you find it useful.
Best wishes,
Abzorba
Versionshinweise
Corrected my code. The old one was a rework of my daily indicator and I had failed to rename the variables. I reworked it to be much simpler and more readable.Versionshinweise
This version adds better in-line notes and I've re-done the intro to correct my initial mislabelling of the moving average.=======================================================================================================
Investor indicator (re-done intro):
This indicator is intended to be used on a chart showing Bitcoin's historical price action using a 2 year moving average. By viewing years of Bitcoin's history, it's possible to better see Bitcoin's current price within a long term context of the price range.
Purpose and possible usage:
I built the indicator to make it easier for me and for friends and family to make better informed decisions about our Bitcoin investments. The indicator shows the historic range of the asset and indicates where Bitcoin is oversold (below the bottom line) and overbought (above the top purple line):
- Above the top purple line, I'll look to take some profits or consider hedging to protect my long term position's growth
- Below the bottom purple line, I'll look to dollar cost average into a long term position
I think the idea for this came from idea listening to the YouTuber Birb talking about how well Bitcoin tracked between the 2 year moving average (bottom navy moving average) and 5x that value (top moving average).
Hope you find it useful.
Best wishes,
Abzorba
Open-source Skript
Ganz im Sinne von TradingView hat dieser Autor sein/ihr Script als Open-Source veröffentlicht. Auf diese Weise können nun das Script auch andere Trader verstehen und prüfen. Vielen Dank an den Autor! Sie können das Script kostenlos verwenden. Die Nutzung dieses Codes in einer Veröffentlichung wird in unseren Hausregeln reguliert. Sie können es als Favoriten auswählen, um es in einem Chart zu verwenden.
Möchten Sie dieses Skript auf einem Chart verwenden?
Absorbing info with every cycle
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