OPEN-SOURCE SCRIPT
已更新 Bubble indicator

A simple and accurate indicator that signals the end of the Bitcoin's bull run. This indicator is an inverted lower Bollinger band , taken from a weekly chart. An interesting observation led to the creation of this indicator: on the weekly chart the lower band takes negative values (the red zone in the indicator) at the end of the Bitcoin's bull run. The advantage of this indicator is that the signal comes in advance.
發行說明
Just the jump of the algorithm to 5 Pine Script version發行說明
Small changes in code style.發行說明
Lower Bollinger Band Inversion (LBBI)This indicator provides a simple and accurate signal for identifying the potential end of a Bitcoin bull run. It is based on the lower Bollinger Band, calculated from a weekly chart. The indicator is designed to spot when the lower Bollinger Band turns negative, a phenomenon observed at the end of Bitcoin's major bull runs.
Key Features:
Red Circles: Red circles on the chart mark areas where the lower Bollinger Band takes negative values, signaling a potential reversal in the market trend.
Weekly Timeframe: The calculation uses a 7-day (weekly) timeframe, which helps identify macro-level trend changes.
How it works: When the lower Bollinger Band on the weekly chart turns negative, it suggests that the market is reaching an extreme level, often marking the end of a strong bullish phase for Bitcoin. This could indicate a potential reversal or correction.
Parameters:
Length: The period used for the simple moving average and standard deviation in the Bollinger Bands calculation (default is 28).
StdDev: The factor by which the standard deviation is multiplied to define the upper and lower bands (default is 2.0).
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開源腳本
本著TradingView的真正精神,此腳本的創建者將其開源,以便交易者可以查看和驗證其功能。向作者致敬!雖然您可以免費使用它,但請記住,重新發佈程式碼必須遵守我們的網站規則。
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。