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200 Week Moving Average Heatmap
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200 Week Moving Average Heatmap
In each of its major market cycles, Bitcoin's price historically bottoms out around the 200 week moving average.
This indicator uses a colour heatmap based on the delta % changes of 200 week sma compare to 4 week ago 200 week sma.
It is a long term investment tool. It helps investors to monitor a changes in price. And see where is a bottom or top based on heatmap
How to read heatMap:
https://www.tradingview.com/x/PW9CYMKb/
Below a rainbow box which is a representation of heat map strength you can see current value score of price from -1 to 1
Also you can send those values with alert
Delta (you can plot it in settings):
https://www.tradingview.com/x/HteNNgZ3/
Top:
https://www.tradingview.com/x/OePeHpnS/
Bottom:
https://www.tradingview.com/x/J5QHEeiC/
Originaly it was Created By Plan B - @100trillionUSD, I just recreated it in Trading View without knowing a code, just have a formula, so it can have some inaccuracy compare to the original, but still it will work how it was designed.
In each of its major market cycles, Bitcoin's price historically bottoms out around the 200 week moving average.
This indicator uses a colour heatmap based on the delta % changes of 200 week sma compare to 4 week ago 200 week sma.
It is a long term investment tool. It helps investors to monitor a changes in price. And see where is a bottom or top based on heatmap
How to read heatMap:
https://www.tradingview.com/x/PW9CYMKb/
Below a rainbow box which is a representation of heat map strength you can see current value score of price from -1 to 1
Also you can send those values with alert
Delta (you can plot it in settings):
https://www.tradingview.com/x/HteNNgZ3/
Top:
https://www.tradingview.com/x/OePeHpnS/
Bottom:
https://www.tradingview.com/x/J5QHEeiC/
Originaly it was Created By Plan B - @100trillionUSD, I just recreated it in Trading View without knowing a code, just have a formula, so it can have some inaccuracy compare to the original, but still it will work how it was designed.
Phát hành các Ghi chú
ColorsMã nguồn mở
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