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RichmondHillCM - BTC vs Business Cycle (ISM PMI)
BTC vs Business Cycle (ISM PMI)
This indicator overlays the U.S. ISM Manufacturing PMI against Bitcoin price to help you frame BTC within the broader macro/business cycle. The idea is simple: manufacturing activity is a classic gauge of economic momentum, and BTC has historically behaved differently in expansionary versus contractionary macro environments. This tool makes that relationship visible at a glance.
What it does
It pulls monthly PMI data and monthly BTC price, then normalizes Bitcoin into the PMI's 40–70 range so both can be read on the same scale. The PMI line is color-coded by regime, and Bitcoin is plotted alongside it for easy comparison.
Regime classification
Expansion — PMI at or above 50 (amber)
Strong Expansion / Bull — PMI at or above the Bull Threshold, default 55 (green)
Contraction — PMI below 50 (red)
The 50 level marks the expansion/contraction boundary, and a configurable Bull Threshold marks the stronger-momentum zone. Background shading highlights contraction and strong-bull periods, and labels mark the moments PMI crosses 50 in either direction.
Reading the panel
A live info table (top-right) summarizes the current PMI value, the active regime, whether BTC is in a "bull-supportive" macro environment, and the latest BTC price.
Inputs
PMI Symbol — the data feed for PMI. Availability depends on your TradingView data access. If the default doesn't load, try alternates such as FRED:NAPM, ECONOMICS:USPMI, or another ISM/PMI source your plan supports.
Bull PMI Threshold — adjusts where the "strong expansion" zone begins.
Shade Regimes — toggles background shading on/off.
Notes
This is a macro-context tool, not a timing or entry/exit signal generator. PMI is monthly and released with a lag, so treat it as a regime backdrop rather than a trade trigger. Not financial advice — do your own research.
This indicator overlays the U.S. ISM Manufacturing PMI against Bitcoin price to help you frame BTC within the broader macro/business cycle. The idea is simple: manufacturing activity is a classic gauge of economic momentum, and BTC has historically behaved differently in expansionary versus contractionary macro environments. This tool makes that relationship visible at a glance.
What it does
It pulls monthly PMI data and monthly BTC price, then normalizes Bitcoin into the PMI's 40–70 range so both can be read on the same scale. The PMI line is color-coded by regime, and Bitcoin is plotted alongside it for easy comparison.
Regime classification
Expansion — PMI at or above 50 (amber)
Strong Expansion / Bull — PMI at or above the Bull Threshold, default 55 (green)
Contraction — PMI below 50 (red)
The 50 level marks the expansion/contraction boundary, and a configurable Bull Threshold marks the stronger-momentum zone. Background shading highlights contraction and strong-bull periods, and labels mark the moments PMI crosses 50 in either direction.
Reading the panel
A live info table (top-right) summarizes the current PMI value, the active regime, whether BTC is in a "bull-supportive" macro environment, and the latest BTC price.
Inputs
PMI Symbol — the data feed for PMI. Availability depends on your TradingView data access. If the default doesn't load, try alternates such as FRED:NAPM, ECONOMICS:USPMI, or another ISM/PMI source your plan supports.
Bull PMI Threshold — adjusts where the "strong expansion" zone begins.
Shade Regimes — toggles background shading on/off.
Notes
This is a macro-context tool, not a timing or entry/exit signal generator. PMI is monthly and released with a lag, so treat it as a regime backdrop rather than a trade trigger. Not financial advice — do your own research.
오픈 소스 스크립트
트레이딩뷰의 진정한 정신에 따라, 이 스크립트의 작성자는 이를 오픈소스로 공개하여 트레이더들이 기능을 검토하고 검증할 수 있도록 했습니다. 작성자에게 찬사를 보냅니다! 이 코드는 무료로 사용할 수 있지만, 코드를 재게시하는 경우 하우스 룰이 적용된다는 점을 기억하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
오픈 소스 스크립트
트레이딩뷰의 진정한 정신에 따라, 이 스크립트의 작성자는 이를 오픈소스로 공개하여 트레이더들이 기능을 검토하고 검증할 수 있도록 했습니다. 작성자에게 찬사를 보냅니다! 이 코드는 무료로 사용할 수 있지만, 코드를 재게시하는 경우 하우스 룰이 적용된다는 점을 기억하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.