OPEN-SOURCE SCRIPT
Pi Cycle Top [maxty]
For the Bitcoin Pi Cycle Top Indicator (using the 111DMA and 350DMA x 2), you should use the Daily (D) chart.
The Bitcoin Pi Cycle Top Indicator is a technical analysis tool used to predict potential market tops in Bitcoin’s price cycles. It was created by analyst Philip Swift and relies on the interaction between two specific moving averages: the 111-day moving average (111DMA) and a 2x multiple of the 350-day moving average (350DMA x 2). The indicator signals a possible peak when the shorter 111DMA crosses above the longer 350DMA x 2, suggesting that Bitcoin’s price has reached an overheated, unsustainable level relative to its historical trend.
It has accurately flagged Bitcoin cycle tops in past bull markets, typically within a few days of the peak.
The Bitcoin Pi Cycle Top Indicator is a technical analysis tool used to predict potential market tops in Bitcoin’s price cycles. It was created by analyst Philip Swift and relies on the interaction between two specific moving averages: the 111-day moving average (111DMA) and a 2x multiple of the 350-day moving average (350DMA x 2). The indicator signals a possible peak when the shorter 111DMA crosses above the longer 350DMA x 2, suggesting that Bitcoin’s price has reached an overheated, unsustainable level relative to its historical trend.
It has accurately flagged Bitcoin cycle tops in past bull markets, typically within a few days of the peak.
نص برمجي مفتوح المصدر
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
For quick access on a chart, add this script to your favorites — learn more here.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.
نص برمجي مفتوح المصدر
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
For quick access on a chart, add this script to your favorites — learn more here.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.