Mayer Multiple Bands [TXMC]This Bitcoin indicator provides level bands using price distance from the 200 day moving average, also known as the Mayer Multiple.
The percentage levels are based on historical distribution of the Mayer Multiple since Bitcoin's inception, and are meant to inform the user of price action probabilities.
Usage examples:
The 25% line means that 25% of Bitcoin's price history has traded below that distance away from the 200 day moving average.
A value of 95% means that only 5% of Bitcoin's price history has extended that far above the 200 day moving average.
Levels displayed:
5% (5% chance of trading below)
10% (10% chance of trading below)
20%
75%
90% (10% chance of trading above)
95% (5% chance of trading above)
This indicator is for information purposes only . Use at your own discretion.
Mayer
Mayer MultipleThe script implements a custom version of the Mayer multiple and it may be useful for analyzing the price of Bitcoin in a historical context.
Note n.1: Mayer multiple does not tell whether to buy, sell or hold, but highlights the best long-term area when the bitcoin price is below a threshold value (2.4).
Note n.2: the threshold value (2.4) has been determined in the past by simulations performed.
The script user may decide whether to use the shown graph or another graph for the calculation of the Mayer multiple.
The script is very easy to use and it is possible to change the following parameters:
the period of SMA (default value is 200)
the threshold (default value 2.4)
Show or not the sell area
Use or not the shown graph to calculate the Mayer multiple (default value is true)
name of exchange to use for calculation of the Mayer multiple (default value is BNC)
name of chart to use for calculation of the Mayer multiple (default value is BLX)
BTC Mayer Multiple BandsIntroduced by Trace Mayer as a way to gauge the current price of Bitcoin against its long range historical price movements (200 day moving average), the Mayer Multiple highlights when Bitcoin is overbought or oversold in the context of longer time frames.
It's worth noting that as the market becomes larger and less volatile, the peaks are becoming less exaggerated. This is because a 200 day moving average baseline is a static yardstick against an ever growing, more stable, Bitcoin market. We should recalibrate what constitutes the overbought/oversold extremes on this chart accordingly.
Idea by CryptoKea. Original author:
Briz 1D XMAs LOCKED to 1D - BitcoinA crazy bunch of MAs coded the way I wanted - Never was meant to be published but maybe it will help other tightwads out there that need many MAs in one indicator. These SMAs and EMAs are locked to the 1 day time frame. The PURGATORY line is a 666 day MA from 12 hour - thus, 333 1D. There is also a high and low Mayer Multiple built in, a Tilson MA, and a bubble top SMA.
Al Po Multiples [ADV]Al Po Multiples - is the logical evolving of a very well known to every bitcoiner Mayer Multiples formula. Instead of fixed constants (like 200MA, current price and below or above the 1, etc.), I use a variable values which helps in general to set the very best values for separate timeframes.
You can set Buy and Sell borders to separate green/red/yellow fields for better visual integrity.
Mayer Multiple [ChuckBanger]The Mayer Multiple is calculated by dividing the current price by 200-day moving average so you have to use daily charts fort it to work properly. This script is design to be a help for deciding when to buy Bitcoin and when it is time to sell your HODL position. This script uses moving average for optimal sell and buy points. In time of writing the average Mayer Multiple is 1.47 for the history of Bitcoin.
Mayer Multiple with simple and weighted moving averageMayer Multiple developed by Trace Mayer gives the ratio of price to 200 daily moving average. Is intended for use on day chart only.
You may select between simple moving average (blue) or weighted moving average (pink). Each version of the Mayer Multiple has its own moving average to chart the trend of the indicator itself over time (shown in orange and green respectively for simple and weighted multiples).
All parameters are however freely configurable in settings.
The threshold value of 2.4 is set for Bitcoin and gives the level under which buys are more likely to lead to profit than not.
Bitcoin Stock To Flow Model Value (fixed)This indicator shows the Bitcoin value based on the Stock To Flow Model by planB
Fixed version of the original script by yomofoV:
Split up into 2 seperate indicators so you can put it into two seperate panes. This is the S2F Model Value.
You can find the S2F Multiple indicator here:
Bitcoin Stock to Flow Multiple (fixed)This is a fixed version of the original script by yomofoV:
I fixed the variable assignments and added switching of timeframes over indicator inputs.
To switch timeframes click on the indicator, open its settings and switch the timeframe to either monthly, weekly or daily.
Bitcoin Stock to Flow Multiplethis study plots the price of btc over the Stock to Flow Model value
idea credited to: 100trillionUSD
my data is a bit off compared to the original source but overall it seems correct
Mayer MultipleThis indicator was created by Trace Mayer as a way to analyze the price of Bitcoin in a historical context. Consider it as a kind of Volatility Ratio that was created by Jack Schwager for the securities.
To learn more about Mayer Multiple see:
charts.woobull.com
mayermultiple.info
www.theinvestorspodcast.com
Good luck!
HSS Bitcoin Mayer MultipleIntroducing the Mayer Multiple script…the Mayer Multiple looks over extended periods of time and pinpoints when a cryptocurrency was overbought/sold. The calculation itself is simply the price of the cryptocurrency divided by the 200-day SMA. The default settings are based on Trace Mayer’s recommended numbers but can be adjusted to satisfy your own preferences.
So check it out – I hope you find it useful. As always, this indicator/script should not be taken as trading or financial advice of any kind; it should be used for educational purposes only.
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
Conservative Mayer Multiple Indicator by The MonksConservative Mayer Multiple with less noise.
Sets the threshold at 0.80.
