Bitcoin HODL Indicator

// Bitcoin Buy & Hold Indicator (HODL Signal)
//version=5
indicator("Bitcoin HODL Indicator", overlay=true)

// Moving Averages
ma_200w = ta.sma(close, 1400) // Approximate 200-week MA for daily chart
plot(ma_200w, color=color.blue, linewidth=2, title="200WMA")

// MVRV Z-Score Approximation (Using RSI as a Proxy for Simplicity)
mvrv = ta.rsi(close, 90)
low_mvrv = 25 // Adjust based on BTC history
high_mvrv = 70 // Overbought zone

// Pi Cycle Bottom Approximation
ma_111 = ta.sma(close, 111)
ma_350x2 = ta.sma(close, 350) * 2

// Buy Signal Logic
buy_signal = ta.crossover(close, ma_200w) or (mvrv < low_mvrv and ta.crossover(ma_111, ma_350x2))

// Plot Buy Signals
plotshape(buy_signal, location=location.belowbar, color=color.green, style=shape.labelup, size=size.small, title="BUY Signal")

// Alerts
alertcondition(buy_signal, title="Bitcoin Buy Signal", message="Bitcoin is in an accumulation zone! 🚀")

// Background Color for Accumulation Zones
bgcolor(buy_signal ? color.green : na, transp=90)