OPEN-SOURCE SCRIPT
BurgerCrypto.com: MA based band for bitcoin cycle highs&lows
Warning: This script works only on a daily chart and only works for bitcoin charts with a long history. Best to be used on the BLX chart as it goes back to July 2010.
This script shows you the Moving Average with the length of a full bitcoin cycle, in which a cycle is defined as a period between two reward halvings; i.e. 210.000 blocks.
After data analysis in Python, I found that the average inter arrival time is a bit lower than the often communicated 10minutes; it's 9.46minutes, which makes the 210.000 block interval equal to 1379days.
The 1379d Moving Average seems to serve well as a support for the price of bitcoin over time and it's 4th 2^n multiple did a good job in catching the cycle tops.
If you like this indicator, please leave some claps for the Medium article in which I introduced this indicator:
medium.com/burgercrypto-com/a-quantitative-approach-to-identify-cycle-highs-and-lows-for-bitcoin-497a79d38a13
This script shows you the Moving Average with the length of a full bitcoin cycle, in which a cycle is defined as a period between two reward halvings; i.e. 210.000 blocks.
After data analysis in Python, I found that the average inter arrival time is a bit lower than the often communicated 10minutes; it's 9.46minutes, which makes the 210.000 block interval equal to 1379days.
The 1379d Moving Average seems to serve well as a support for the price of bitcoin over time and it's 4th 2^n multiple did a good job in catching the cycle tops.
If you like this indicator, please leave some claps for the Medium article in which I introduced this indicator:
medium.com/burgercrypto-com/a-quantitative-approach-to-identify-cycle-highs-and-lows-for-bitcoin-497a79d38a13
Skrip open-source
Dengan semangat TradingView yang sesungguhnya, penulis skrip ini telah menerbitkannya sebagai sumber terbuka, sehingga para trader dapat memahami dan memverifikasinya. Salut untuk penulisnya! Anda dapat menggunakannya secara gratis, namun penggunaan kembali kode ini dalam publikasi diatur oleh Tata Tertib. Anda dapat memfavoritkannya untuk digunakan pada chart
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