radamesmatos

Pi Cycle Top Indicator

Indicator Overview
The Pi Cycle Top Indicator has historically been effective in picking out the timing of market cycle highs to within 3 days.
It uses the 111 day moving average (111DMA) and a newly created multiple of the 350 day moving average, the 350DMA x 2.

Note: The multiple is of the price values of the 350DMA not the number of days.

For the past three market cycles, when the 111DMA moves up and crosses the 350DMA x 2 we see that it coincides with the price of Bitcoin peaking.

It is also interesting to note that 350 / 111 is 3.153, which is very close to Pi = 3.142. In fact, it is the closest we can get to Pi when dividing 350 by another whole number.

It once again demonstrates the cyclical nature of Bitcoin price action over long time frames. Though in this instance it does so with a high degree of accuracy over the past 7 years.

How It Can Be Used
Pi Cycle Top is useful to indicate when the market is very overheated. So overheated that the shorter term moving average, which is the 111 day moving average, has reached a x2 multiple of the 350 day moving average. Historically it has proved advantageous to sell Bitcoin at this time in Bitcoin's price cycles.


Created By
Philip Swift
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

i think you can throw away this indicator now since it is invalidated!!!
+1 Reply
ongsiyi technicalTruff78300
@technicalTruff78300, is it invalidated?
Reply
julianmukaj technicalTruff78300
@technicalTruff78300, still invalidated for you? :)
Reply
Does not factor in MMT. The FED priniting insane amounts of money causing the velocity of BTC to rise faster. The Pi Cycle cross was calculated assuming old M2 Money velocity.
Reply
Not sure why but this isn't functioning for me. On the daily, in fact, they never even cross.
Reply
scary for BTC rn
Reply
Thanks for sharing !
Reply
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