OPEN-SOURCE SCRIPT

BTC top bottom weekly oscillator

This indicator is based on the 20 weekly simple moving average and it could be used to help finding potential tops and bottoms on a weekly BTC chart.

This version uses an "oscillator" presentation, it fluctuates around the value zero.

The indicator plots 0 when the close price is near the 20 weekly moving average.
If it's below 0 it reflects the price being below the 20 weekly moving average, and opposite for above.

IT's possible to see how many times the price has hit the 0.5 coef support. In one case it hit 0.6 showing that the 0.5 support can be broken.

The indicator is calculated as Log(close / sma(close))

Instructions:
- Use with the symbol INDEX:BTCUSD so you can see the price since 2010
- Set the timeframe to weekly

Optionals:
- change the coef to 0.6 for a more conservative bottom
- change the coef to 0.4 for a more conservative top

historicalMoving AveragesOscillatorstopsbottomsWeekly Charts

開源腳本

在真正的TradingView精神中,這個腳本的作者以開源的方式發佈,這樣交易員可以理解和驗證它。請向作者致敬!您可以免費使用它,但在出版物中再次使用這段程式碼將受到網站規則的約束。 您可以收藏它以在圖表上使用。

想在圖表上使用此腳本?


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