OPEN-SOURCE SCRIPT

Bitcoin as % Global M2 signal

3 201
This script provides signal system:

  • Buy signal: each time the YoY of the Global M2 rises more than 2.5% while the distance between the bitcoin price as a percentage of the Global M2 is below its yearly SMA.
  • Sell signal: the distance between the bitcoin price as a percentage of the Global M2 and its yearly SMA is > 0.7


This is a very simple system, but it seems to work pretty well to ride the bitcoin price cycle wave.

The parameters are hard coded but they can be easily changed to test different levels for both the buy and sell signals.

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