Mayer Multiple
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Following Preston Pysh's "Bitcoin Mayer Multiple" study (https://www.theinvestorspodcast.com/cryp...), I made this simple script to plot the Mayer multiple by calculating the ratio between bitcoin price and its 200-day moving average. It also plots the moving average of ratio itself.
P.S. Checkout the Swiss army knife we're building for crypto traders on Telegram (http://t.me/coinographbot) and follow our twitter for upcoming features and signals (https://twitter.com/coinographio)
P.S. Checkout the Swiss army knife we're building for crypto traders on Telegram (http://t.me/coinographbot) and follow our twitter for upcoming features and signals (https://twitter.com/coinographio)
Phát hành các Ghi chú:
This version calculates the indicator using only the daily resolution
Phát hành các Ghi chú:
Updated colors
martin242
Does this indicator have any use on other than the daily timeframe?
Phản hồi
unbound
martin242
@martin242, not really.
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Pladizow
How is the Mayer Multiple calculated? - Bitcoin price/200dma?
+2
Phản hồi
unbound
Pladizow
@Pladizow, correct.
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RTrovatten
Why did it stop tracking the 200d average?
Phản hồi
unbound
RTrovatten
@RTrovatten, you mean when you play the chart above?
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RTrovatten
unbound
@unbound, yes, I only see the blue and yellow lines go to Dec 2.
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unbound
RTrovatten
@RTrovatten, I think it's how tv works. apparently it only updates the price and not the indicators in the idea view.
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simo110j
Is this a overbought scenario? Or a breakout?
Phản hồi
unbound
simo110j
@simo110j, according to the article, first time buyers should buy only if mayer multiple is below 2.4. so it is more of an overbought.
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