Saylor to Schiff Ratio

nickolassteel Updated   
I'm reposting the Saylor to Schiff Ratio indicator that was originally developed by Michael Silva

This indicator may be used to predict key momentum shifts in the price of Bitcoin

I've set up this indicator for it to be used on the weekly timeframe as was intended.

The indicator plots in any BTCUSD spot, futures , BLX index and BTCEUR .

It paints in all time frames, but Weekly time frame is the correct one to interpret the 'official' read of it.

For that reason, I've enabled by default an option that forces the indicator to display on the Weekly value even though the time frame could be higher or lower.

Credit for this idea goes to Michael Silva: @mikepsilva

Release Notes:
Hello all,

With some feedback and support I have updated the Saylor to Schiff Ratio! The PineScript version is now updated to version 5 and will now display correctly on ALL timeframes. I have also added buy and sell alerts to the chart which are enabled by default but may be disabled in the options.

I hope you all enjoy!
Release Notes:
Updated color to be gray instead of white for users utilizing light mode vs. dark mode

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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