This indicator was created by Trace Mayer as a way to analyze the price of Bitcoin in a historical context. Consider it as a kind of Volatility Ratio that was created by Jack Schwager for the securities.
To learn more about Mayer Multiple see:
Based on the work done by sirolf2009
Many many conditionals
Best on high liquidity / high volume markets
Not so great on low volume alts (still better than manual trading for me)
This is a stripped-down version of the code in buyBot, converted to Pine
Version of Special Sauce strategy
This one has alerts.
TradingView doesn't let you put alerts in Pine in Strategies, only in studies.
Therefore it is separate.
The logic is identical.
Best on high-volume / high-liquidity markets. Not so good with low-volume high-chaos alts.
Pretty good bot strat.