The E9 PLRR (Power Law Residual Ratio) is a custom-built indicator designed to evaluate the overvaluation or undervaluation of an asset, specifically by utilizing logarithmic price data and a power law-based model. It leverages a dynamic regression technique to assess the deviation of the current price from its expected value, giving insights into how much the...
Library "BenfordsLaw" Methods to deal with Benford's law which states that a distribution of first and higher order digits of numerical strings has a characteristic pattern. "Benford's law is an observation about the leading digits of the numbers found in real-world data sets. Intuitively, one might expect that the leading digits of these numbers would be...
█ OVERVIEW The 'Bitcoin Power Law Bands' indicator is a set of three US dollar price trendlines and two price bands for bitcoin , indicating overall long-term trend, support and resistance levels as well as oversold and overbought conditions. The magnitude and growth of the middle (Center) line is determined by double logarithmic (log-log) regression on the...
Based on "Bitcoin’s natural long-term power-law corridor of growth" by Harold Christopher Burger
BTC long term regression analysis inspired by the work of many others: DonovanWall, hcburger1, intheloop, davthewave. For use on BTC only, for longer term analysis use ticker BNC:BLX for BraveNewCoin's Bitcoin index going back to 2010. Looks best on weekly timeframes. Intended for use on log charts.
Open-source live tracker of Harold Burger's Bitcoin "Power Law Corridor". Added optional chart fill and labels to show the percentage delta to the regression center-line, support and resistance.
For use on BTC only, for longer term analysis use ticker BNC:BLX for BraveNewCoin's Bitcoin index going back to 2010.
This is the power law model by Berger in script form for Tradingview. Enjoy!
Berger's article on the Power Law Model for Bitcoin is a compelling read and gives the best evidence so far of the diminishing case for retracing below $3000, of a slowing market on a log-log plot, and reducing but continued volatility. After seeing it acts as support routinely in the last 10 years, I put together a quick little script that plots his midline...