OPEN-SOURCE SCRIPT

Mayer Multiple

Actualizado
The script implements a custom version of the Mayer multiple and it may be useful for analyzing the price of Bitcoin in a historical context.

Note n.1: Mayer multiple does not tell whether to buy, sell or hold, but highlights the best long-term area when the bitcoin price is below a threshold value (2.4).

Note n.2: the threshold value (2.4) has been determined in the past by simulations performed.

The script user may decide whether to use the shown graph or another graph for the calculation of the Mayer multiple.


The script is very easy to use and it is possible to change the following parameters:
  • the period of SMA (default value is 200)
  • the threshold (default value 2.4)
  • Show or not the sell area
  • Use or not the shown graph to calculate the Mayer multiple (default value is true)
  • name of exchange to use for calculation of the Mayer multiple (default value is BNC)
  • name of chart to use for calculation of the Mayer multiple (default value is BLX)

Notas de prensa
  • Added the alert conditions. Remember: the alertcondition statement does not start alerts but creates the conditions. The alerts must always be created manually in the Create Alert dialog box.
  • Changed the precision of graph (from 2 to 4).

Notas de prensa
Modified the title script.
Notas de prensa
  • Modified the alert conditions name.
  • The Mayer multiple's graph is now plotted in another panel.

Notas de prensa
Improved the code readability.
Bitcoin (Cryptocurrency)bitcoinpricemayermayer_multipleMAYERMULTIPLEMoving AveragesratioSimple Moving Average (SMA)threshold

Script de código abierto

Siguiendo fielmente el espíritu de TradingView, el autor de este script lo ha publicado en código abierto, permitiendo que otros traders puedan entenderlo y verificarlo. ¡Olé por el autor! Puede utilizarlo de forma gratuita, pero tenga en cuenta que la reutilización de este código en la publicación se rige por las Normas internas. Puede añadir este script a sus favoritos y usarlo en un gráfico.

¿Quiere utilizar este script en un gráfico?

Exención de responsabilidad