OPEN-SOURCE SCRIPT
Alpha SOPR Indicator
The indicator SOPR by Glassnode is used. The SMA is also used to smooth the values of the SOPR indicator.
For:
- Only for BTC/USDT or ETH/USDT or LTC/USDT
- Time frame 1d or more
Background:
- If the indicator is above the red line then the red background is displayed
- If the indicator is below the lime line the lime background is displayed
Usage:
- When the SMA of SOPR is above the red line there is a high probability of a market top.
- When the SMA of SOPR is below the lime line, there is a high probability of a market bottom (these are good prices to buy bitcoin for a long-term position)
For:
- Only for BTC/USDT or ETH/USDT or LTC/USDT
- Time frame 1d or more
Background:
- If the indicator is above the red line then the red background is displayed
- If the indicator is below the lime line the lime background is displayed
Usage:
- When the SMA of SOPR is above the red line there is a high probability of a market top.
- When the SMA of SOPR is below the lime line, there is a high probability of a market bottom (these are good prices to buy bitcoin for a long-term position)
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