you may comment out outputs and change variable req for using in different timeframes because its suitable for only 20w sma and bitcoin only for understanding when to buy long term and sell too i recommend zooming out and making a trend line from tops back from 2013 in bitcoin-index chart pair it up with rsi and bam you have a very powerful indicator for bitcoin buys for long term This indicator gnerally provides confluence and i got the idea from , honourable, Benjamin Cowen's Youtube channel to make it Its not as colourful as his becoz as u see the name its my first indicator but i hope i improve myself :)
Thanks. But can you elaborate about how to understand this indicator?
EdIrfan786xLin
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@vhjadhavar, well sir as u see in the picture i used that trend line to pictorially understand a "peak" for btc/usdt . I specifically made this for btc but as you may understand its the log(price/ 20week simple moving average) so there's the 0 mark! and always remember that it will oscillate and return to the mean 0 . Every time it returns to the oscillatory mean 0 . target negative phases of the oscillation and buy ... sell during the positive part of the oscillation . and if u will see the trend line for btc/usdt you may even target good profit zones ;)