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
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
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.