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Bitcoinminers

Puell Multiple Variants [OperationHeadLessChicken]"Puell Multiple Variants" includes three related indicators for analysing Bitcoin miner revenue dynamics: Classic Puell Multiple – the original indicator showing how current miner revenue compares to its long-term average. Halving-Corrected Puell Multiple – applies a compensation factor to adjust for miner revenue reductions after each halving, allowing easier comparison to a consistent overvalued threshold. Revenue RSI – a novel approach applying the Relative Strength Index to miner revenue to identify potential over- and undervalued conditions. Each component can be shown or hidden individually. All parameters are fully adjustable via input settings.
Pine Script® indicator
by OperationHeadLessChicken
Updated

Select market data provided by ICE Data Services. Select reference data provided by FactSet. Copyright © 2025 FactSet Research Systems Inc.Copyright © 2025, American Bankers Association. CUSIP Database provided by FactSet Research Systems Inc. All rights reserved. SEC fillings and other documents provided by Quartr.© 2025 TradingView, Inc.

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