OPEN-SOURCE SCRIPT
BTC Golden Bottom with Adaptive Moving Average
Updated
Introduction:
This study uses Adaptive Moving Average with 1 year of length to plot on
BTCUSD all time history Index Calculated by Tradingview. All previous BTC bear runs bottomed on this curve which makes it important enough. Use this only on "BTCUSD"
Default Values:
This study uses Adaptive Moving Average with 1 year of length to plot on
BTCUSD all time history Index Calculated by Tradingview. All previous BTC bear runs bottomed on this curve which makes it important enough. Use this only on "BTCUSD"Default Values:
- AMA length is 1 year
- Minor length is 50
- Major length is 100
Release Notes
Added Envelop Bands with ATR multiples of Fibonacci levels for in depth status of present data depending on past history.Release Notes
Updated Envelope bands code with Color.rgb and applied Symmetrically Weighted Moving Average (SWMA) for Smoothness.
Open-source script
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.