OPEN-SOURCE SCRIPT
Pi Cycle Bottom Indicator
Updated
Back in June 2021, I was able to find two moving averages that crossed when Bitcoin reached it's cycle bottom, similar to Philip Swift's Pi-Cycle Top indicator.
The moving average pair used here was the x0.475 multiple of the 471 MA and the 150 EMA ( EMA to take into account of short term volatility ).
I have a more in-depth analysis and explanation of my findings on my medium page.
Trader Dončić.
The moving average pair used here was the x0.475 multiple of the 471 MA and the 150 EMA ( EMA to take into account of short term volatility ).
I have a more in-depth analysis and explanation of my findings on my medium page.
Trader Dončić.
Release Notes
Added two new variables: long and short multiples.These values modify the y-axis of both moving averages independently.
Release Notes
Updated to Pine Script version 5.Added difference between moving averages, with display off by default.
When the value of this line reaches < 0, cross has occurred.
Release Notes
Updated for minor text adjustments.
Open-source script
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 publication is governed by House rules. You can favorite it to use it on a chart.
Disclaimer
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