Mayer Multiple Z-Score

Mayer Multiple is a ratio between the current Market Price and its 200 days moving average.

Being a lagging indicator it shows periods of relative value for the asset but does not have much predictive power.

It is worth noting that the indicator relies on a fairly responsive moving average on the scale of a Bitcoin market cycle and as such may be best suited for the swing traders to find zones where price is overbought and oversold within a market cycle.

Added the Z-Score metric for easy classification of the value of Bitcoin according to this indicator. Customizable thresholds from Z-Score calculation as the metric suffers alpha decay / compression.

Created for TRW