BTC - Z Trend [MarktQuant]
Key Features:
Composite Analysis:
Combines Z-scores from various Bitcoin metrics (e.g., price, valuation ratios, on-chain activity, risk, and supply dynamics) over customizable long-term periods.
Averages these into a single trend score, smoothed for clarity.
Trend Classification:
Bullish: Strong (🟢) when the trend score exceeds its smoothed value, and semi-bullish (light 🟢⚪) when positive but less intense.
Bearish: Strong (🔴) when the trend score falls below its smoothed value, and semi-bearish (🟠) when negative but less severe.
Visual Elements:
Histogram: Plots the smoothed trend score with colors reflecting bullish (🟢) or bearish (🔴/🟠) conditions.
Color Options:
Choose "Barcolor" to apply colors to candlesticks and bars, or "Background" for a shaded backdrop, both with transparency for chart visibility.
Inputs:
Signal Smoothing: Adjusts the smoothing period (default: 2) for the trend score.
Color Mode:
Toggle between "Barcolor" or "Background" display.
Usage:
Detect long-term bullish (green) or bearish (red) trends.
Confirm market direction with a multi-metric perspective.
Purpose:
Ideal for Bitcoin investors seeking a comprehensive, long-term trend signal, this indicator simplifies complex data into an actionable, visually intuitive tool for strategic decision-making.
-Additional Past Data Included
Invite-only script
Only users approved by the author can access this script. You'll need to request and get permission to use it. This is typically granted after payment. For more details, follow the author's instructions below or contact MarktQuant directly.
Note that this private, invite-only script has not been reviewed by script moderators, and its compliance with House Rules is undetermined. TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.
Author's instructions
📊 whop.com/marktquant
🌐 marktquant.com
Nothing shared on this page constitutes financial advice. All information, tools, and analyses are provided solely for informational and educational purposes.
Disclaimer
Invite-only script
Only users approved by the author can access this script. You'll need to request and get permission to use it. This is typically granted after payment. For more details, follow the author's instructions below or contact MarktQuant directly.
Note that this private, invite-only script has not been reviewed by script moderators, and its compliance with House Rules is undetermined. TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.
Author's instructions
📊 whop.com/marktquant
🌐 marktquant.com
Nothing shared on this page constitutes financial advice. All information, tools, and analyses are provided solely for informational and educational purposes.