BTC TOPper

The BTC TOPper indicator is a sophisticated technical analysis tool designed to identify critical price levels where Bitcoin's weekly Simple Moving Average (SMA) intersects with historically significant All-Time High (ATH) levels. This indicator is particularly valuable for long-term trend analysis and identifying potential reversal zones in Bitcoin's price action.

Key Features:
🔹 Weekly SMA Analysis: Uses a 200-period Simple Moving Average on weekly timeframe to smooth out short-term volatility and focus on long-term trends
🔹 Persistent Historical ATH Tracking: Automatically detects and "freezes" ATH levels that have been held for more than one year, creating persistent reference levels
🔹 Multi-Level Cross Detection: Tracks up to 10 different frozen ATH levels simultaneously, providing comprehensive historical context
🔹 Visual Cross Alerts: Highlights entire weeks with red background when the weekly SMA crosses any frozen ATH level, making signals impossible to miss
🔹 Advanced Smoothing Options: Includes optional secondary moving averages (SMA, EMA, SMMA, WMA, VWMA) with Bollinger Bands for enhanced analysis
🔹 Customizable Parameters: Adjustable SMA length, offset, and smoothing settings to fit different trading strategies

How It Works:
ATH Detection: Continuously monitors for new all-time highs
Level Freezing: After an ATH is held for 1+ year, it becomes a "frozen" historical level
Cross Monitoring: Watches for intersections between the 200-week SMA and any frozen ATH level
Signal Generation: Highlights the entire week when a cross occurs, providing clear visual alerts
Trading Applications:
Long-term Trend Analysis: Identify when Bitcoin approaches historically significant resistance levels
Reversal Zone Detection: Spot potential areas where price might reverse based on historical context
Support/Resistance Confirmation: Use frozen ATH levels as dynamic support and resistance zones
Market Structure Analysis: Understand how current price relates to historical market cycles

Best Practices:
Use on weekly timeframe for optimal results
Combine with other technical indicators for confirmation
Pay attention to multiple frozen levels clustering in the same price range
Consider market context and fundamentals alongside technical signals

Settings:
Length: 200 (default) - SMA period
Source: Close price
Smoothing: Optional secondary MA with multiple types available
Bollinger Bands: Optional volatility bands around secondary MA

This indicator is ideal for Bitcoin traders and analysts who want to understand the relationship between current price action and historical market structure, particularly useful for identifying potential major reversal zones based on historical ATH levels.