Bitcoin Liquid Index
Long

MA OSCILLATOR RISK METRIC | BTC COLOURED CANDLES [Weekly]

Hi All. Since my prior post on this indicator, I have been asked to show this indicator with risk level colours against price. I initially built this functionality in originally (during the development of this indicator) a number of different ways but ended up simplifying to using pine scrip 'bar color' function.

This post shows BTC's behavior to historic over / under extension and volatile ranges in prior cycles on the Weekly chart. I will follow this post showing the daily chart.

Feel free to interact with the chart on a computer via this post (phone apps only show the static image with trading view posts).

Disclaimer