OPEN-SOURCE SCRIPT
BurgerCrypto.com: MA based band for bitcoin cycle highs&lows
Warning: This script works only on a daily chart and only works for bitcoin charts with a long history. Best to be used on the BLX chart as it goes back to July 2010.
This script shows you the Moving Average with the length of a full bitcoin cycle, in which a cycle is defined as a period between two reward halvings; i.e. 210.000 blocks.
After data analysis in Python, I found that the average inter arrival time is a bit lower than the often communicated 10minutes; it's 9.46minutes, which makes the 210.000 block interval equal to 1379days.
The 1379d Moving Average seems to serve well as a support for the price of bitcoin over time and it's 4th 2^n multiple did a good job in catching the cycle tops.
If you like this indicator, please leave some claps for the Medium article in which I introduced this indicator:
medium.com/burgercrypto-com/a-quantitative-approach-to-identify-cycle-highs-and-lows-for-bitcoin-497a79d38a13
This script shows you the Moving Average with the length of a full bitcoin cycle, in which a cycle is defined as a period between two reward halvings; i.e. 210.000 blocks.
After data analysis in Python, I found that the average inter arrival time is a bit lower than the often communicated 10minutes; it's 9.46minutes, which makes the 210.000 block interval equal to 1379days.
The 1379d Moving Average seems to serve well as a support for the price of bitcoin over time and it's 4th 2^n multiple did a good job in catching the cycle tops.
If you like this indicator, please leave some claps for the Medium article in which I introduced this indicator:
medium.com/burgercrypto-com/a-quantitative-approach-to-identify-cycle-highs-and-lows-for-bitcoin-497a79d38a13
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La información y las publicaciones no constituyen, ni deben considerarse como asesoramiento o recomendaciones financieras, de inversión, de trading o de otro tipo proporcionadas o respaldadas por TradingView. Más información en Condiciones de uso.
Script de código abierto
Fiel al espíritu de TradingView, el creador de este script lo ha convertido en código abierto, para que los traders puedan revisar y verificar su funcionalidad. ¡Enhorabuena al autor! Aunque puede utilizarlo de forma gratuita, recuerde que la republicación del código está sujeta a nuestras Normas internas.
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como asesoramiento o recomendaciones financieras, de inversión, de trading o de otro tipo proporcionadas o respaldadas por TradingView. Más información en Condiciones de uso.