Mayer Multiple @ Current PriceThough this script is by me, the original idea comes from a podcast I heard where Trace Mayer talks about how he does crypto valuation. It is based on current price against the 200 day moving average. This indicator script will simply plot that value as a label overlayed on your trading view chart. Best long term results occur when acquiring BTC when the multiple is 2.4 or less. For more info, google "mayer multiple" This script/indicator is strictly for educational purposes. It is not exclusive to bitcoin.
To get the best look out of your charts I make the following changes.
1.Apply the indicator to your chart.
2. In the tools palette of trading view, when looking at a chart, click "Show Objects Tree" the icon displayed above the trash can.
In the objects tree panel, click the preferences icon for "Mayer Multiple @ Current Price"
Switch "scale" to "scale Left"
3. Then for your chart preferences (right click on chart background and select "Properties", and be sure the following are checked on the "Scales" tab
Left Axis
Right Axis
Indicator Last Value
Indicator Labels
Screenshots are not allowed in this view, so I can't post screenshots, but the view above is what it should look like when you are done.
For anyone who wants to see the code, here is the code of the script:
Use at will, and at your own risk.
//@version=3
// Created By Timothy Luce, inspired by Trace Mayer's 200 Day SMA cryptocurrency valuation method
study("Mayer Multiple @ Current Price", overlay=true)
currentPrice = close
currentDay = security(tickerid, "D", sma(close, 200))
mayerMultiple = currentPrice/currentDay
plot(mayerMultiple, color=#00ffaa, transp=100)
If you want to change the color, change this line: #00ffaa
Basit Hareketli Ortalama (SMA)
Multiple Moving Averages using only 1 indicator! (configurable)Simple modification to an existing script that allows for configurable MA lookback-lengths
Leeloo Triple Simple Moving AverageAllows you to have three simple moving averages in one indicator.
Vamp's Six Simple Moving AveragesProvides the 6 moving averages @ChartVampire uses in a single indicator
Simple_longshort_signalsLong Entry
Criteria:
1) Green candle close above 50MA
2) Green candle close above 20MA
3) MA of RSI(14) is cross upward 50
Result: displays green up arrow
Long Exit
Criteria:
1) Three red candles in a row
2) Any candle close bellow 20MA
3) MA of RSI(14) cross downward 50
Result: displays green diamond
Short Entry
1) Red candle close bellow 50MA
2) Red candle close bellow 20MA
3) MA of RSI(14) is cross downward 50
Result: displays red down arrow
Short Exit
Criteria
1) Three green candles in a row
2) Any candle close above 20MA
3) MA of RSI(14) is cross upward 50
Result: displays red diamond
Dow Phases MA [ROCHA]phases of dow theory
1 - recuperation
2 - accumulation
3 - buy
4 - attention
5 - distribution
6 - sell
Tom's Moving Average & Lagging SpanSinple Moving Average 5 / 20 / 40 / 100 / 200
Ichimoku Lagging Span
tom_btcfx_fx setting
Show EMA and SMA's at the same timeYou can now add both exponential and simple moving averages at the same time. ie a 7 day Simple Moving Average and a 21 day Exponential Moving Average.
5 Moving AveragesI don't sell indicators only strategies I use for dynamic support and resistance sometimes. www.youtube.com
Inverted Yield Curve IndicatorThe last seven recessions were preceded by an inverted yield curve. This is preset to the 2 year and 10 year US bond, weekly, but you can set it to whatever you like.
Published with source code for anyone to modify. This is the first in a series of indicators I intend to publish as a package of economic recoverty/recession symptom indicators.
Three Moving AveragesThis is simply three moving averages in the same indicator, with the possibility to change the source, length, offset and type on every moving average (Simple, Exponential, Weighted, Volume-weighted, Triple EMA or a moving average that uses RSI ).
If you want to disable any of the moving averages, then do that under the "Style"-tab by unchecking the box for that moving average.
Fib,Guppy Multiple MA(FGMMA)(A/D & Volume Weight,SMA,EMA)[cI8DH]Features:
- 3 + 12 MAs (12 is chosen because Guppy has 12 MAs)
- MA types can be set to Simple, Exponential, Weighted, and Smoothed
- Volume weight can be applied to all available MAs (the built-in VWMA uses Simple MA)
- It is possible to count in only effective portions of the volume in the equation by using Accum/Dist Volume Weight
- Secondary smoothing (useful when volume weight is enabled)
- Predefined MA sets based on Fibonacci sequence (2,3,5,8,.., 377), Guppy (3,5,8,10,12,15 &30,35,40,45,50,60), and cI8DH (2,3,5,8,12,17 & 30,34,39,45,52,60)
Recommended settings:
- hlc3 as input source captures all the essential information encapsulated in a candle. I'd use hlc3 as the default option. In uptrend, "low" and in downtrend, "high" might give more relevant results when using MAs for structural analysis of a market. For commonly used MAs (EMA20, SMA50,100,200), "close" should be used due to their self-fulfilling prophecy effect.
- When you have volume weight above 0, you may want to use secondary smoothing.
- Try not to use Simple MA for smaller lengths (below 20). Sharp changes in the past (right before the period specified by the length) will affect the current value of MA dramatically leading to confusion.
- I am using the first 3 MAs for SMA 50,100,200. You can disable them from the MA type selector all at once when using Fib or Guppy ribbons.
MA-based analysis:
There are different ways of structuring a market. Geometrical (trend lines, channels, fans, patterns, etc) and Fib retracement-based structuring is very common among traders. MAs give an alternative way of analyzing markets. MA ribbons such as Guppy (6 slow and 6 fast-moving MAs) are popular for analyzing market flow. IMO default Guppy sets are a bit random as the numbers do not have an elegant sequence. So I proposed my sets based on increasing sequene spacing (+1). These two MA ribbons are good for market flow analysis but the spacing of the MAs are not ideal for structuring a market. Ribbons based on the Fib sequence is a better choice for structuring a market. This is the equivalent of Fib channels but in a more dynamic form. Among other things, MA Fib ribbon can be used to assess market momentum and to compare different stages of a market. Here are two "educational-only" examples:
Notes:
- Smoothed MA with length L = Exponential MA with length 2*L-1
- Read the background section in my ADP indicator to understand how A/D Volume is calculated
BAHbO - multi indicators and signals SMA,BB,RSI,Engulfing,Signal4 SMAs - 9,21,55,200
Bollinger Bands - 21
Engulfing patterns
Fractal Support Resistance
Bullish and Bearish Engulfing signals
Engulfing Candles
Bollinger Bands + RSI combined indicator with signals
Multiple moving averages EMA and SMA (up to 4 each)Simple script lets you add multiple moving averages under one indicator. Up o 4 EMAs and 4 simple MAs. Specify the time frames for each one individual, and turn off the ones you don't need under "Style" tab in settings. Have fun.
