myselfbtc

bitcoin fomo MA

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yes another arbitrary way to look when bitcoiners go full fomo and need a target for said fomo

this works only for the bull side
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// this is a tool that will print fomo targets
//use on daily
// trololol xD
study(title="bitcoin fomo", shorttitle="bitcoin fomo MA", overlay=false)
fomerino=(iff(close[0]>close[1],2,0))+
    (iff(ema(close,5)[0]>ema(close,5)[1],1,0))+
    (iff(ema(close,10)[0]>ema(close,10)[1],1,0))+
    (iff(ema(close,15)[0]>ema(close,15)[1],1,0))+
    (iff(ema(close,20)[0]>ema(close,20)[1],1,0))+
    (iff(ema(close,25)[0]>ema(close,25)[1],1,0))+
    (iff(close[0]>ema(close,5)[0],2,0))+
    (iff(close[0]>ema(close,10)[0],1.5,0))+
    (iff(close[0]>ema(close,15)[0],1,0))+
    (iff(close[0]>ema(close,20)[0],1,0))+
    (iff(close[0]>ema(close,25)[0],1,0))
ufomo=fomerino/100+1
fomosma=ema(close,50)
fomo=ufomo*fomosma
ema1=ema(close,50)
plot(fomo, color=lime, style=circles, linewidth=3)
plot(ema1, color=blue, style=line, trackprice=true)
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