OPEN-SOURCE SCRIPT
BTC Aggregate trend indicator
This script calculates a composite score based on multiple weighted metrics to classify the market trend into categories (Strong Bullish, Bullish, Neutral, Bearish). It combines on-chain metrics, technical indicators, sentiment data, and macroeconomic factors to provide a holistic view of Bitcoin's market conditions.
Purpose
The primary goal of this script is to:
Aggregate Multiple Metrics : Combine various metrics (e.g., SOPR, MVRV Z-Score, RSI, MACD, Fear & Greed Index, DXY, Regulatory Sentiment) into a single composite score.
Classify Market Trends : Use the composite score to classify the market trend into actionable categories.
Visualize Results : Plot the composite score and display trend labels on the chart for quick interpretation.
Purpose
The primary goal of this script is to:
Aggregate Multiple Metrics : Combine various metrics (e.g., SOPR, MVRV Z-Score, RSI, MACD, Fear & Greed Index, DXY, Regulatory Sentiment) into a single composite score.
Classify Market Trends : Use the composite score to classify the market trend into actionable categories.
Visualize Results : Plot the composite score and display trend labels on the chart for quick interpretation.
開源腳本
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publications is governed by House rules. 您可以收藏它以在圖表上使用。
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