OPEN-SOURCE SCRIPT
Mayer Multiple | Astral Vision
Mayer Multiple | Astral Vision 🌠💠
The Mayer Multiple divides Bitcoin's price by its moving average, expressing how extended or compressed price is relative to its long-term trend.
Readings above 2.4 have historically marked distribution zones; readings below 0.6 have marked generational accumulation opportunities.
Unlike most implementations that treat the Mayer Multiple as a static valuation tool, this version adds a configurable moving average of the multiple itself, enabling trend analysis directly on the oscillator.
Valuation mode colors by threshold breach.
Trend mode colors continuously by whether the multiple is above or below its own MA.
Both the SMA length and the multiple MA length are fully adjustable, and overbought/oversold thresholds are user-defined rather than fixed.
Price-space bands are projected directly onto the chart showing the exact levels where each threshold would be reached.
Calculation ⚙️
`Mayer Multiple = BTC Price / SMA(Price, length)`
`Multiple MA = SMA(Multiple, length)`
`Price OB = OB threshold × SMA`
`Price OS = OS threshold × SMA`
Disclaimer 🎯
This indicator is a personal research tool for educational and informational purposes only. It does not constitute financial advice or investment recommendation of any kind. I am not affiliated with any financial institution, research firm, or organization. Always conduct your own research before making any financial decision.
Inputs 🎛️
- `Color Mode` Valuation (threshold-based) or Trend (above/below multiple MA)
- `Price SMA Length` moving average length for the multiple calculation (default 200)
- `Multiple SMA Length` moving average applied to the multiple itself (default 200)
- `Overbought / Oversold Threshold` user-defined valuation extremes (default 2.4 / 0.6)
Colors 🎨
5 Astral Vision presets + custom override. Default: Paradiso.
Plots 📊
- Mayer Multiple oscillator colored by active mode
- Multiple moving average signal baseline
- Overbought / oversold threshold lines with fill between
- Price-space OB / OS bands projected onto the chart
- Background highlight when price breaches either band
- Candle coloring by active regime
The Mayer Multiple divides Bitcoin's price by its moving average, expressing how extended or compressed price is relative to its long-term trend.
Readings above 2.4 have historically marked distribution zones; readings below 0.6 have marked generational accumulation opportunities.
Unlike most implementations that treat the Mayer Multiple as a static valuation tool, this version adds a configurable moving average of the multiple itself, enabling trend analysis directly on the oscillator.
Valuation mode colors by threshold breach.
Trend mode colors continuously by whether the multiple is above or below its own MA.
Both the SMA length and the multiple MA length are fully adjustable, and overbought/oversold thresholds are user-defined rather than fixed.
Price-space bands are projected directly onto the chart showing the exact levels where each threshold would be reached.
Calculation ⚙️
`Mayer Multiple = BTC Price / SMA(Price, length)`
`Multiple MA = SMA(Multiple, length)`
`Price OB = OB threshold × SMA`
`Price OS = OS threshold × SMA`
Disclaimer 🎯
This indicator is a personal research tool for educational and informational purposes only. It does not constitute financial advice or investment recommendation of any kind. I am not affiliated with any financial institution, research firm, or organization. Always conduct your own research before making any financial decision.
Inputs 🎛️
- `Color Mode` Valuation (threshold-based) or Trend (above/below multiple MA)
- `Price SMA Length` moving average length for the multiple calculation (default 200)
- `Multiple SMA Length` moving average applied to the multiple itself (default 200)
- `Overbought / Oversold Threshold` user-defined valuation extremes (default 2.4 / 0.6)
Colors 🎨
5 Astral Vision presets + custom override. Default: Paradiso.
Plots 📊
- Mayer Multiple oscillator colored by active mode
- Multiple moving average signal baseline
- Overbought / oversold threshold lines with fill between
- Price-space OB / OS bands projected onto the chart
- Background highlight when price breaches either band
- Candle coloring by active regime
Script de código abierto
Fiel al espíritu de TradingView, el creador de este script lo ha convertido en código abierto, para que los traders puedan revisar y verificar su funcionalidad. ¡Enhorabuena al autor! Aunque puede utilizarlo de forma gratuita, recuerde que cualquier republicación del código está sujeta a nuestras Normas internas.
My premium indicators are available on Whop:
whop.com/astralvision
Astral Vision 🌠💠
whop.com/astralvision
Astral Vision 🌠💠
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.
Script de código abierto
Fiel al espíritu de TradingView, el creador de este script lo ha convertido en código abierto, para que los traders puedan revisar y verificar su funcionalidad. ¡Enhorabuena al autor! Aunque puede utilizarlo de forma gratuita, recuerde que cualquier republicación del código está sujeta a nuestras Normas internas.
My premium indicators are available on Whop:
whop.com/astralvision
Astral Vision 🌠💠
whop.com/astralvision
Astral Vision 🌠💠
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.