This indicator plots a Supertrend-based trend-following setup in a separate pane and skips conditions it treats as a sideways market. A volatility range is built from an ATR value, with RMA, SMA, EMA, or WMA smoothing, or from a fixed point distance. Optional
Indicator · Pine Script v6 · Own pane
BTC M2 Global Deviation [MIT]
BTC M2 Global Deviation [MIT] measures and visualizes the correlation between global fiat M2 money supply and Bitcoin price.
GitHub stars7on the repository
Pine versionv6current
Lines of code95
Settings6inputs
LicenceNone stated
Last update3 months ago24 Jul 2026
Add It to Your TradingView Chart
- 1Copy the scriptPress Copy script above. It reads the file straight from GitHub.
- 2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
- 3Paste over the templateCreate a new indicator, select all of the template text and paste. Press Save and give it a name.
- 4Add it to the chartPress Add to chart, then adjust the settings with the gear icon next to its name.
Source Code
The code stays on GitHub. The author has not published this script under an open licence, so ForexR does not show its code. Copy script reads the file straight from GitHub into your clipboard, so you can still try it on your own chart. Ask the author before reusing the code anywhere else.
Overview
BTC M2 Global Deviation [MIT] aggregates M2 economic data across major national central banks, converts all currencies to USD, and normalizes both the global M2 total and BTC price against their simple moving average over a set length. The indicator plots normalized curves and their deviation spread in a separate pane with selectable forward time offsets.
- Global M2 money supply aggregation for major and extended currencies
- SMA-based normalization for both global M2 and Bitcoin price
- Configurable forward time offset options of 78 or 108 days
- Spread deviation visualization with column, area, or line styles
Details
Published by
eddiebelaval on GitHub
Type
Indicator, Pine Script v6
Draws
Separate pane below the chart
Category
Trend, Volatility & bands
Markets
Crypto
Timeframes
Any timeframe
Risk Notes
No repainting, lookahead or stacked entries were found in its code or README. That says nothing about how well it works: test it first.
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Offset: | string | 108 Days | offsetOption |
| Include extended currencies? | bool | false | erweitert |
| 归一化周期（天） | int | 200 | normLength |
| 显示归一化后的M2和BTC曲线 | bool | true | showNormLines |
| 显示偏差 (M2 - BTC) | bool | true | showDeviation |
| 偏差显示样式 | string | Columns | devStyle |
Third-party code. ForexR did not write, test or endorse this script, and the summary above was generated automatically from its code and README. Indicators describe the past, and a strategy's backtest can look better than live trading, especially when a script repaints. Check it in the Strategy Tester and on a demo account before you rely on it.
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