ETH Top Cap [jamesray]

This script is modified from Top Cap , as published here.

Historically it matches market tops for ETH
Catatan Rilis: I've changed the multiplier to 8.5 here, which actually touches the 2018 market top, while a multiplier of 9 goes slightly above it.
Catatan Rilis: OK after experimenting with some tweaks, I have modified to this. Note that the launch date is the launch of the Ethereum main net, like with the BTC Top Cap indicator script. It is not the start date of the chart.
Catatan Rilis: Update with mid and bottom market cap bands.

Also add links to my other scripts (which I haven't published due to a limit on my account).
Catatan Rilis: Add link to Medium article
Skrip open-source

Sejalan dengan semangat TradingView, penulis skrip ini telah mempublikasikannya secara open-source, sehingga para trader dapat memahami dan memverifikasinya. Salut untuk sang penulis! Anda dapat menggunakannya secara gratis, tetapi penggunaan kembali kode ini dalam publikasi diatur oleh Tata Tertib. Anda dapat memfavoritkannya untuk dapat menggunakannya didalam sebuah chart.

Inggin menggunakan skrip ini pada chart?


Thanks James, really like it, it turns out this is really a good indicator indeed this top exactly.
Use all of these scripts only on the YTD timeframe for correct rendering.
See also my other scripts:

- top cap, mid cap and bottom/average cap / market cap bands for Ethereum: bit ly ethcaps
- top cap, mid cap and bottom/average cap / market cap bands for Holo HOT tokens: bit ly hottcmc
- top cap, mid cap and bottom/average cap / market cap bands for BTC: bit ly btccaps
Note that this indicator only touches the 2018 peak, while the price actually rose significantly above the market top in 2017. So for future price action, the price could also cross above the market top. In any case, if the price does cross above the market top cap, it is still a good indicator to sell.