OPEN-SOURCE SCRIPT
Mayer Multiple Zones
Mayer Multiple Zones
The Mayer Multiple Zones indicator is a powerful market valuation tool that helps traders identify key price zones based on multiples of the 200-period moving average. Originally inspired by the Bitcoin Mayer Multiple concept, this versatile indicator works across all markets and timeframes to visualize the relative valuation of any asset.
Key Features:
How to Use:
The indicator divides price action into six distinct zones based on the MA200:
This indicator serves as both a strategic planning tool for long-term investors and a tactical guide for shorter-term traders, helping identify potential reversal zones and price targets based on historical valuation patterns.
Settings:
Perfect for all traders seeking to understand relative market valuation across any timeframe.
The Mayer Multiple Zones indicator is a powerful market valuation tool that helps traders identify key price zones based on multiples of the 200-period moving average. Originally inspired by the Bitcoin Mayer Multiple concept, this versatile indicator works across all markets and timeframes to visualize the relative valuation of any asset.
Key Features:
- Color-coded valuation zones: Instantly recognize if the current price represents a strong buy opportunity, fair value, or potential bubble territory
- Customizable multiplier levels: Adjust all zone thresholds to suit specific markets or trading strategies
- Real-time status indicator: Clear market status display showing current valuation zone
- Comprehensive information table: View all critical price levels and current multiple at a glance
- Multi-timeframe compatible: Works seamlessly across all timeframes while maintaining accurate MA200 reference
- Visual zone labeling: Clear labels for each price zone directly on the chart
How to Use:
The indicator divides price action into six distinct zones based on the MA200:
- Strong Buy Zone (default: below 0.6x MA200): Extreme undervaluation, historically excellent buying opportunities
- Value Buy Zone (default: 0.6x-0.8x MA200): Attractive buying range for long-term value
- Accumulation Zone (default: 0.8x-1.0x MA200): Price building strength below the MA200
- Fair Value Zone (default: 1.0x-2.0x MA200): Reasonable valuation range
- Take Profit Zone (default: 2.0x-2.5x MA200): Overvaluation suggesting partial profit taking
- Bubble Zone (default: above 2.5x MA200): Extreme overvaluation, historically unsustainable levels
This indicator serves as both a strategic planning tool for long-term investors and a tactical guide for shorter-term traders, helping identify potential reversal zones and price targets based on historical valuation patterns.
Settings:
- MA Length: Adjust the moving average period (default: 200)
- Multipliers: Customize each zone threshold to adapt to specific market characteristics
Perfect for all traders seeking to understand relative market valuation across any timeframe.
Open-source script
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.
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.
Open-source script
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.
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.