Mayer Multiple [ChuckBanger] — Indicator by ChuckBanger

movingaverage mayermultiple mayer multiple

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.

Tip jar, if you want to support my indicators work
BTC: 3EV8QGKK689kToo1r8pZJXbWDqzyJQtHy6
LTC: LRAikFVtnqY2ScJUR2ETJSG4w9t8LcmSdh

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 a 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.

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