Indicator · Pine Script v4 · Own pane

BTC Multiples

by readysetcryptocodes· code credited to CryptoManiac

BTC Multiples calculates and displays Bitcoin macro valuation metrics in a separate pane, including the Mayer Multiple, Stock-to-Flow Multiple, Difficulty Multiple, and Puell Multiple.

View on GitHub

GitHub stars43on the repository
Pine versionv4older, still runs
Lines of code112
Settings14inputs
LicenceNone stated
Last update2 years ago2 Jul 2024

Add It to Your TradingView Chart

  1. 1Copy the scriptPress Copy script above. It reads the file straight from GitHub.
  2. 2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
  3. 3Paste over the templateCreate a new indicator, select all of the template text and paste. Press Save and give it a name.
  4. 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

Each valuation multiple features configurable overvalued and undervalued threshold levels to assist in identifying potential market tops and bottoms. Users can toggle individual multiples on or off and adjust moving average smoothing lengths and threshold settings.

Details

Published by

readysetcryptocodes on GitHub

Code credit

CryptoManiac, as written in the script's header

Type

Indicator, Pine Script v4

Draws

Separate pane below the chart

Category

Moving averages, Support & resistance

Markets

Crypto

Timeframes

H4 and above

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.

SettingTypeDefaultVariable
Show Mayer MultiplebooltrueuseMultM
Show S2F MultipleboolfalseuseMultS2f
Show Difficulty MultipleboolfalseuseMultDiff
Show Puell MultiplebooltrueuseMultPuell
MM MA Lengthint200mmMaLen
MM Smooth MA Lengthint200mmMaSmoothLen
MM Overvaluedfloat2.8mmOverv
MM Undervaluedfloat0.65mmUnderv
S2F Overvaluedfloat2.4s2fOverv
S2F Undervaluedfloat0.1s2fUnderv
Diff Overvaluedfloat3.6diffOverv
Diff Undervaluedfloat0.2diffUnderv
Show all 14 settings
SettingTypeDefaultVariable
Puell Overvaluedfloat6.0puellOverv
Puell Undervaluedfloat0.5puellUnderv
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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