OPEN-SOURCE SCRIPT
Moving Average Price Multiple
Author: Preston Pysh & Trace Mayer
Visit MayerMultiple.com to see current charts & explanation
Listen to Preston's Podcast: theinvestorspodcast.com/
Follow Preston on Twitter: twitter.com/PrestonPysh
This indicator calculate the Price Multiple from Current Close Price vs 200 Day Moving Average.
Based on Preston's article:
+ The average Mayer Multiple is 1.44 for the history of Bitcoin.
+ Safe Buying Threshold is 2.4
Visit MayerMultiple.com to see current charts & explanation
Listen to Preston's Podcast: theinvestorspodcast.com/
Follow Preston on Twitter: twitter.com/PrestonPysh
This indicator calculate the Price Multiple from Current Close Price vs 200 Day Moving Average.
Based on Preston's article:
+ The average Mayer Multiple is 1.44 for the history of Bitcoin.
+ Safe Buying Threshold is 2.4
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.
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.
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.