Since there are not many scripts based on the Mayer Multiple, I figured I could add one to the collection. First I would like to give a shout out to Trace Mayer, Preston Pysh, and our fellow Tradingview user unbound, for their inspirational work.
The numbers used to make this script can be found in a number of locations, or you can just make them for yourself in...
This is inspired by unbound's work on the Mayer Multiple script.
This script is designed to work with the daily chart.
I created this script so you can see the daily Mayer Multiple by just hovering over the bar in the histogram. I modified the color of the histogram bar to indicate the following:
Red = Over 2.4x Mayer Multiple, overvalued
Yellow = Between 1x...
This is an stochastic chart of Price adjusted Mayer Multiple Average Delta.
Moving Average Function can be selected from a list with standard functions and following experimental extras:
- Volume Weighted Exponential Moving Average
- Volume Weighted Time Decayed Moving Average // similar to vwema, but alpha is calculated from length as half-life decay function...
This charts an indicator created by Trace Mayer with some extras.
Plots:
- Mayer Multiple (may be hard to notice, since it overlays by default and stay at the bottom...)
- Price adjusted by Mayer Multiple Average with Bollinger Bands
Moving Average Function can be selected from a list with standard functions and following experimental extras:
- Volume Weighted...
This is a simple update to the Mayer Multiple script by Unbound , which charts an indicator created by Trace Mayer and popularized by Preston Pysh.
The original post identified any price below 2.4x the 100-day MA as the BTC buy threshold. While the logic there is historically sound, it does not account for the fact that the BTC trend is parabolic in nature. With...
Following Preston Pysh's "Bitcoin Mayer Multiple" study, I made this simple script to plot the Mayer multiple by calculating the ratio between bitcoin price and its 200-day moving average. It also plots the moving average of ratio itself.
Following Preston Pysh's "Bitcoin Mayer Multiple" study, I made this simple script to plot the recommended buy price based on the calculated 2.4x ratio between bitcoin price and its 200-day moving average. The ratio and SMA length have default values of 2.4 and 200 and can be adjusted.
