But you should use this in log scale on bitcoin to see where bitcoin are in the long term.
The red zone is where it is getting a bit over heated and the green zone is where you want to stack up for the future.
Think of this indicator as something you look at when trading on a very long term time frame and finding a strong bottom that you can buy with confidence.
If you ever want to donate as a thank you for all the work I share:
USDT( TRC ): TVD3SBDF4wcCa5J4pDEQq7WgXkHyPMHuAL
ETH (ERC20): 0xb392f5f58bd10de374736ac337cfd9635cd92d20
XRP MEMO: 102109716
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.