Bitcoin Cycle High/Low with functional Alert [heswaikcrypt]Introduction
Just as machines are fine-tuned for maximum efficiency, trading indicators must evolve to meet the demands of ever-changing markets.
Credit goes to the initial author, @NoCreditsLeft I only improved the existing Pi-cycle indicator with a functional alert and included a bull mode indicator in the script. The alert can help you get a live alert at candle close when the cycle tops, bottoms, and the potential bull phase switch occurs.
Philip Swift’s Pi Cycle Top Indicator is a brilliant example of leveraging mathematical relationships to signal critical turning points in Bitcoin’s price cycles. Historically, it has identified market and local tops with some relative accuracy, often within three days, as demonstrated in all the previous bull run cycles.
At its core, the Pi Cycle Indicator derives its name from the mathematical constant π (pi), achieved by using simple moving averages (MAs) in a specific ratio: 𝜋 = Long MA/short MA
The Bull mode switch is calculated using a crossover of the short exponentia moving average and the long moving average.
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Knowing when Bitcoin reaches its top—and receiving timely alerts about it—is crucial for successful trading. The indicator is designed to signal;
Potential Bitcoin tops: Purple label
Potential Bitcoin bottoms : green Label, and
Parabolic swing : Yellow diamond shape (relating to the market switching to a potential bull mode)
"Please note: This indicator is tailored for Bitcoin using historical data analysis and should not be considered definitive. However accurate it might be."
Setting alerts
To set the alert conditions, select any alert function call to get alert whenever the conditions are met. The script is configured on dialy TF; you can set it on 1D or weekly TF.
Enjoy and Trade smartly
Picycletopindicator
Bitcoin Pi Cycle Top Indicator - Daily Timeframe Only1 Day Timeframe Only
The Bitcoin Pi Cycle Top Indicator has garnered attention for its historical effectiveness in identifying the timing of Bitcoin's market cycle peaks with remarkable precision, typically within a margin of 3 days.
It utilizes a specific combination of moving averages—the 111-day moving average and a 2x multiple of the 350-day moving average—to signal potential tops in the Bitcoin market.
The 111-day moving average (MA): This shorter-term MA is chosen to reflect more recent price action and trends within the Bitcoin market.
The 350-day moving average (MA) multiplied by 2: This longer-term MA is adjusted to capture broader market trends and cycles over an extended period.
The key premise behind the Bitcoin Pi Cycle Top Indicator is that a potential market top for Bitcoin can be signaled when the 111-day MA crosses above the 350-day MA (which has been doubled). Historically, this crossover event has shown a remarkable correlation with the peaks of Bitcoin's price cycles, making it a tool of interest for traders and investors aiming to anticipate significant market shifts.
#Bitcoin
Pi Cycle Top Ribbon [Mamo]This is a modification on the original Pi Cycle Top Indicator by Philip Swift.
It consists of 2 moving averages with one of them being multiplied by a chosen number. When the lower moving average crosses the higher (with multiple) moving average, the bull market top is indicated.
The original indicator showed bull market tops within a 3 day accuracy. This version shows the exact tops on the exact day for 2013 and 2017.
There are 7 different perfect solution shown as a band in this modified indicator. Each solution is a color pair and can be viewed separately by turning each combination off or on in the settings.
