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OPEN-SOURCE SCRIPT

Mayer Multiple

By unbound
Updated
Following Preston Pysh's "Bitcoin Mayer Multiple" study, I made this simple script to plot the Mayer multiple by calculating the ratio between bitcoin price and its 200-day moving average. It also plots the moving average of ratio itself.

Release Notes
This version calculates the indicator using only the daily resolution
Release Notes
Updated colors
Bitcoin (Cryptocurrency)BTCMAYERMULTIPLEOscillatorsPrice/Earnings Ratio (P/E Ratio)Simple Moving Average (SMA)

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.

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