[BoTo] ATH/2 Overlay

Than this indicator is useful?

Can help you to understand this indicator who main in the market now. Bulls or bears.

How it works

All-Time-High ('ATH') - the highest point in price that a cryptocurrency has been in history.

Step 1: The 'ATH' line is drawn

Step 2: 'ATH/2' line is drawn.

Step 3: If the price became more than 'ATH' it means the market bulls have taken, and the price it will be more probable to increase. And vice versa. If the price became less than 'ATH/2' it means that the market was taken by bears, and the price it will be more probable to fall.

Step 4: If it is the bull market, then the green background is drawn. And vice versa. If it is the bear market, then the red background is drawn. If the market has changed, then the background will be gray color. Only one candle.

How to use it

It is possible to use any timeframes, and any symbol.

It is possible to use chart type only the japanese candles, the line or bars. Don't use Kagi, Renko or Haiken Ashi!

The background can be not shown. You can make 1 or 2 lines. If you have chosen only 1 line, then in the bull market you will see only 'ATH/2' line. And vice versa. In the bear market you will see only the 'ATH' line.

You need just to turn on this indicator once to understand what to wait in this market, big falling or big rockets for. And to switch off it that he didn't prevent to analyze.

It is the good help for long-term investments (the position can be longer than 1 year)

For an example

'Ethereum'



'Ripple'



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