OPEN-SOURCE SCRIPT
更新済 PCTR - Pi Cycle Top Risk [Logue]
Pi-cycle Top Risk (PCTR) - The PCTR indicator uses divergence of the Pi-cycle top indicator display the risk that a macro top in Bitcoin (BTC) is near. The Pi-cycle top indicator is simply the cross of the 111-day moving average above a 2x multiple of the 350-day moving average of the BTC price. While there is no fundamental reasoning behind why this works, it has worked to indicate previous bitcoin tops by taking advantage of the cyclicality of the BTC price and measurement overextension of BTC price. This indicator triggers a top signal when the fast moving average (111-day) crosses above the 2x multiple of the slow moving average (350-day).
What's interesting is the indicator can also signal a bottom when the divergence of the fast moving average is at an extreme versus the slow moving average. The indicator signals a bottom when the fast MA is 66% away from the slow MA value.
Both the top and bottom signals are clearly shown on the chart on a scale from 100 to 0.
What's interesting is the indicator can also signal a bottom when the divergence of the fast moving average is at an extreme versus the slow moving average. The indicator signals a bottom when the fast MA is 66% away from the slow MA value.
Both the top and bottom signals are clearly shown on the chart on a scale from 100 to 0.
リリースノート
The Pi-Cycle Top positive deflection, i.e., the fast MA above the slow MA, has decreased each 
BTC cycle. Therefore, it is logical to think that these moving averages may not cross. If this occurs, a top based solely on the cross will not be triggered. Therefore, I added a sloped line to the indicator to capture the diminishing deflection, and the potential of the two Pi-cycle MAs not crossing this cycle. This sloped line may still signal a BTC cycle top even if the Pi-cycle MAs don't cross. The indicator allows manipulation of the slope and intercept of the sloped line. The bottom triggers may also be better fit using a sloped line, but that is for another update.The crosses are visualized via the dark red signal and the deflection "danger zone" is visualized via the less dark red.
--Da_Prof
リリースノート
Note that the light blue line now represents a transform of the Pi-Cycle Top Deflection and the purple dashed line represents the Pi-Cycle Top Risk, which is used for the Bitcoin Top Indicator risk metric.--Da_Prof
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オープンソーススクリプト
TradingViewの精神に則り、このスクリプトの作者はコードをオープンソースとして公開してくれました。トレーダーが内容を確認・検証できるようにという配慮です。作者に拍手を送りましょう！無料で利用できますが、コードの再公開はハウスルールに従う必要があります。
免責事項
この情報および投稿は、TradingViewが提供または推奨する金融、投資、トレード、その他のアドバイスや推奨を意図するものではなく、それらを構成するものでもありません。詳細は利用規約をご覧ください。