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Indicator · Pine Script v4 · On the chart
BTC Onchain Indicator
The indicator overlays Bitcoin pricing models built from daily on-chain series, including difficulty, supply, and market capitalization.
GitHub stars43on the repository
Pine versionv4older, still runs
Lines of code155
Settings5inputs
LicenceNone stated
Last update2 years ago2 Jul 2024
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 Onchain Indicator plots a difficulty ribbon from a power-law regression and several moving averages, a stock-to-flow price, a cumulative average price and a multiple of that average, plus 128- and 200-period daily and longer moving averages. Separate inputs show or hide the ribbon, averages, stock-to-flow price, average and top prices, and Mayer Multiple bands. A VWAP ribbon is coded but left off. It does not generate trades or stops.
- Difficulty ribbon from power-law regression
- Stock-to-flow price model
- Cumulative average and top price
- 128 and 200 period moving averages
- Toggleable Mayer Multiple price bands
Details
Published by
readysetcryptocodes on GitHub
Code credit
CryptoManiac, as written in the script's header
Type
Indicator, Pine Script v4
Draws
On the price chart
Category
Trend, Moving averages, Support & resistance
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 |
|---|---|---|---|
| Show Difficulty Ribbon | bool | true | showDiffRibbon |
| Show Top & Avg Price | bool | false | showTopAvgPrice |
| Show MAs | bool | true | showMas |
| Show S2F Price | bool | false | showS2fPrice |
| Show MM Price Bands | bool | false | showMmPriceBands |
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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