OPEN-SOURCE SCRIPT
Abz BTC Investor
Updated
Investor indicator:
This indicator is intended to be used on a chart showing Bitcoin's historical price action. By viewing years of Bitcoin's history, it's possible to better see Bitcoin's current price within a long term context of the price rage.
Purpose and possible usage:
I built the indicator to make it easier for me and for friends and family to make better informed decisions about our Bitcoin investments. The indicator shows the historic range of the asset and indicates where Bitcoin is oversold (below the bottom line) and overbought (above the top purple line):
- Above the top purple line, I'll look to take some profits or consider hedging to protect my long term position's growth
- Below the bottom purple line, I'll look to dollar cost average into a long term position
I think the idea for this came from idea listening to the YouTuber Birb talking about how well Bitcoin tracked between the 200 day moving average (bottom navy moving average) and 5x that value (top moving average).
Hope you find it useful.
Best wishes,
Abzorba
This indicator is intended to be used on a chart showing Bitcoin's historical price action. By viewing years of Bitcoin's history, it's possible to better see Bitcoin's current price within a long term context of the price rage.
Purpose and possible usage:
I built the indicator to make it easier for me and for friends and family to make better informed decisions about our Bitcoin investments. The indicator shows the historic range of the asset and indicates where Bitcoin is oversold (below the bottom line) and overbought (above the top purple line):
- Above the top purple line, I'll look to take some profits or consider hedging to protect my long term position's growth
- Below the bottom purple line, I'll look to dollar cost average into a long term position
I think the idea for this came from idea listening to the YouTuber Birb talking about how well Bitcoin tracked between the 200 day moving average (bottom navy moving average) and 5x that value (top moving average).
Hope you find it useful.
Best wishes,
Abzorba
Release Notes
Corrected my code. The old one was a rework of my daily indicator and I had failed to rename the variables. I reworked it to be much simpler and more readable.Release Notes
This version adds better in-line notes and I've re-done the intro to correct my initial mislabelling of the moving average.=======================================================================================================
Investor indicator (re-done intro):
This indicator is intended to be used on a chart showing Bitcoin's historical price action using a 2 year moving average. By viewing years of Bitcoin's history, it's possible to better see Bitcoin's current price within a long term context of the price range.
Purpose and possible usage:
I built the indicator to make it easier for me and for friends and family to make better informed decisions about our Bitcoin investments. The indicator shows the historic range of the asset and indicates where Bitcoin is oversold (below the bottom line) and overbought (above the top purple line):
- Above the top purple line, I'll look to take some profits or consider hedging to protect my long term position's growth
- Below the bottom purple line, I'll look to dollar cost average into a long term position
I think the idea for this came from idea listening to the YouTuber Birb talking about how well Bitcoin tracked between the 2 year moving average (bottom navy moving average) and 5x that value (top moving average).
Hope you find it useful.
Best wishes,
Abzorba
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.
Absorbing info with every cycle
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