OPEN-SOURCE SCRIPT
Updated BTC Macro Bull & Bear Cycles
Pinpoint Accuracy: The script creates a green or red background precisely between the major historical turning points.
Smart Floating Labels: As a cycle progresses, the script calculates the exact % change from the bottom/top. It pins the label exactly on the tip of the highest high or the lowest low so it doesn't clutter your candles.
Duration: It calculates the exact number of days that specific cycle lasted right up to the week the trend transitioned.
Smart Floating Labels: As a cycle progresses, the script calculates the exact % change from the bottom/top. It pins the label exactly on the tip of the highest high or the lowest low so it doesn't clutter your candles.
Duration: It calculates the exact number of days that specific cycle lasted right up to the week the trend transitioned.
Release Notes
Included the current bear market too for referenceOpen-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.