Long Term Trend Direction BTC [MarktQuant]

This indicator provides a comprehensive long-term trend analysis and performance overview for Bitcoin (BTC). It integrates multiple advanced valuation and sentiment indicators to generate a nuanced assessment of market conditions and trend direction. The core features include:

Trend Detection: Utilizes a combination of valuation models, sentiment indicators, and momentum metrics to identify whether the asset is in an uptrend or downtrend, signaling potential entry or exit points.

Multi-Indicator Confluence: Incorporates various on-chain metrics such as MVRV (Market Value to Realized Value), SOPR (Spent Output Profit Ratio), NUPL (Net Unrealized Profit/Loss), and others to gauge market valuation, profit momentum, and investor sentiment.

Technical and Sentiment Smoothing: Applies smoothing techniques to trend scores and valuation signals, helping to filter out noise and highlight sustained market shifts.

Visual Representation: Provides color-coded candlesticks, background shading, and a detailed on-screen table summarizing indicator states, trend scores, and key metrics for quick visual interpretation.

Performance Metrics: Calculates and displays a set of statistical performance measures such as Sharpe ratio, Sortino ratio, Calmar ratio, skewness, kurtosis, volatility, maximum drawdowns, and others, to evaluate the strategy's historical risk-adjusted performance.

Trade Management: Supports automatic long and short entries based on the combined indicator signals, with configurable thresholds for trend strength, and manages positions accordingly.

Customization & Flexibility: Offers multiple input options to include or exclude specific indicators, adjust thresholds, and modify visual display settings, allowing users to tailor the analysis to their preferences.

Historical Analysis: Includes functions to analyze historical returns, volatility, drawdowns, and statistical properties of the asset to inform longer-term strategic decisions.