BTC - Z Trend [MarktQuant]

4 มี.ค.

The "BTC - Z Trend [MarktQuant]" is an indicator that assesses Bitcoin’s long-term trend by aggregating multiple market metrics into a composite Z-score, displayed as a non-overlay histogram with dynamic coloring. It helps traders identify bullish or bearish phases with nuanced strength levels.

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.

24 มี.ค.

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