quantadelic

Bitcoin Logarithmic Growth Curves

This plots logarithmic curves fitted to major Bitcoin bear market tops & bottoms. Top line is fitted to bull tops, bottom line is fitted to lower areas of the logarithmic price trend (which is not always the same as bear market bottoms). Middle line is the median of the top & bottom, and the faded solid lines are fibonacci levels in between.

Inspired by & based on a Medium post by Harold Christopher Burger, which shows how linear Bitcoin's long-term price growth is when plotted on a double-log chart (log scaling on the price AND time axis).

These curves will only make sense for tickers representing Bitcoin vs. USD (such as BITSTAMP:BTCUSD, BITMEX:XBTUSD, BLX index). Plotting on other assets will probably end up with lines that shoot off into space without any relationship to the underlying price action.

The upper, middle & lower curves can be projected into the future, which can be turned on or off in the indicator settings. The fibonacci levels can also be switched on/off. And the upper & lower curve intercepts & slopes can be tweaked.

I'm releasing this open-source, if you end up making something cool based off of this code, I don't need attribution but please hit me up on here or on twitter (same username) so I can check out what ya made. Thanks, hope y'all enjoy it.
Release Notes:
(just adding a picture that represents the indicator better)
Release Notes: Added a "Dark or Light mode" option. "Dark mode" is default (and da based king, tbqh) and will plot white lines, "Light mode" will plot black lines.
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.

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Comments

Hi
Is it possible to extend middle lines as well?
+9 Reply
Do you foresee it needing to be tweaked in every market cycle, and can you give any advice/tips when tweaking it?
+8 Reply
thanks for the script. Could you make a less optimistic version, closer to burger's medium ?
+4 Reply
quantadelic emiliensv
@emiliensv, You can edit the slopes & intercepts in the indicator settings to get something similar to his projections.
+1 Reply
Hey! How about the lines now? No updates? REKT?
+2 Reply
Wow nice, thanks !!! Awesome!!
+2 Reply
Love the indicator and want to thank you for keeping it open for modifications.
I have modified it to fit in the smaller time-frames for the intraday traders.
Thank you for your great work and very generous of you.
+2 Reply
how to tune this for intraday trading?)
+2 Reply
@mrgr888n, You don't
+3 Reply
ExtenZe function literally made me LOL. Well done!
+2 Reply
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