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Mayer Multiple

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Following Preston Pysh's "Bitcoin Mayer Multiple" study, I made this simple script to plot the Mayer multiple by calculating the ratio between bitcoin price and its 200-day moving average. It also plots the moving average of ratio itself.

Release Notes
This version calculates the indicator using only the daily resolution
Release Notes
Updated colors
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Bitcoin (Cryptocurrency)BTCMAYERMULTIPLEOscillatorsPrice/Earnings Ratio (P/E Ratio)Simple Moving Average (SMA)

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.
Bitcoin (Cryptocurrency)BTCMAYERMULTIPLEOscillatorsPrice/Earnings Ratio (P/E Ratio)Simple Moving Average (SMA)
unbound

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.