Dean_Trader

Extended Golden Ratio Fibonacci Multiplier + Pi Cycle Top

Here I present the Golden Ratio Multiplier and Pi Cycle Top Indicator originally conceptualized by Philip Swift, and extend it. Due to popular demand for a nicer looking color scheme and added MAs & functionalities, I decided to publish this indicator, of course with free access for everyone as the discovery is attributed to Philip. The indicator works best for BLX (BraveNewCoin Liquid Index for Bitcoin ) on daily (D) or weekly (W) timeframe. Other timeframes are not supported (and also generally not needed as this is a rather high timeframe indicator).

Added functionality:
- Additional Fibonacci MAs for Bottom: 0.618*MA(50W) and 0.382*MA(50W), which seem to be distinct high timeframe support MAs
- Pi Cycle Top and all Fibonacci MAs can be plotted or hidden individually
- Correct MA values for daily (D) and weekly (W) timeframes are automatically assigned, so you do not need to change anything when you switch between those timeframes.

It is generally said that Bitcoin's peaks always only reach a lower yearly Fibonacci MA. The next one to eye would be the 3*MA(50W) = 3*MA(350D) here plotted in dark green. Historically when the MA(16W) = MA(111D) (here plotted in magenta) line crossed the 2*MA(50W) = 2*(350D) line (plotted in cyan) from below a cycle peak is reached. This indicator might therefore be a good high timeframe indicator for Bitcoin trading. Of course this is no financial advice.
Скрипт с защищённым кодом
Этот скрипт опубликован с закрытым исходным кодом, вы можете свободно им пользоваться. Вы можете добавить его в избранное и использовать на графике. Вы не можете просматривать или менять его исходный код.
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Комментарии

WOW WOW...Gold Ratio Multiplier and Pi Cycle Top Indicator in one spot..Damm thank you sir
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Thank you for open source it. That is true spirit of community, but not everyone acts in that spirit. Kudos to you!
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