OPEN-SOURCE SCRIPT
Mayer Multiple Zones
Mayer Multiple Zones
The Mayer Multiple Zones indicator is a powerful market valuation tool that helps traders identify key price zones based on multiples of the 200-period moving average. Originally inspired by the Bitcoin Mayer Multiple concept, this versatile indicator works across all markets and timeframes to visualize the relative valuation of any asset.
Key Features:
How to Use:
The indicator divides price action into six distinct zones based on the MA200:
This indicator serves as both a strategic planning tool for long-term investors and a tactical guide for shorter-term traders, helping identify potential reversal zones and price targets based on historical valuation patterns.
Settings:
Perfect for all traders seeking to understand relative market valuation across any timeframe.
The Mayer Multiple Zones indicator is a powerful market valuation tool that helps traders identify key price zones based on multiples of the 200-period moving average. Originally inspired by the Bitcoin Mayer Multiple concept, this versatile indicator works across all markets and timeframes to visualize the relative valuation of any asset.
Key Features:
- Color-coded valuation zones: Instantly recognize if the current price represents a strong buy opportunity, fair value, or potential bubble territory
- Customizable multiplier levels: Adjust all zone thresholds to suit specific markets or trading strategies
- Real-time status indicator: Clear market status display showing current valuation zone
- Comprehensive information table: View all critical price levels and current multiple at a glance
- Multi-timeframe compatible: Works seamlessly across all timeframes while maintaining accurate MA200 reference
- Visual zone labeling: Clear labels for each price zone directly on the chart
How to Use:
The indicator divides price action into six distinct zones based on the MA200:
- Strong Buy Zone (default: below 0.6x MA200): Extreme undervaluation, historically excellent buying opportunities
- Value Buy Zone (default: 0.6x-0.8x MA200): Attractive buying range for long-term value
- Accumulation Zone (default: 0.8x-1.0x MA200): Price building strength below the MA200
- Fair Value Zone (default: 1.0x-2.0x MA200): Reasonable valuation range
- Take Profit Zone (default: 2.0x-2.5x MA200): Overvaluation suggesting partial profit taking
- Bubble Zone (default: above 2.5x MA200): Extreme overvaluation, historically unsustainable levels
This indicator serves as both a strategic planning tool for long-term investors and a tactical guide for shorter-term traders, helping identify potential reversal zones and price targets based on historical valuation patterns.
Settings:
- MA Length: Adjust the moving average period (default: 200)
- Multipliers: Customize each zone threshold to adapt to specific market characteristics
Perfect for all traders seeking to understand relative market valuation across any timeframe.
Script open-source
In pieno spirito TradingView, il creatore di questo script lo ha reso open-source, in modo che i trader possano esaminarlo e verificarne la funzionalità. Complimenti all'autore! Sebbene sia possibile utilizzarlo gratuitamente, ricorda che la ripubblicazione del codice è soggetta al nostro Regolamento.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
Script open-source
In pieno spirito TradingView, il creatore di questo script lo ha reso open-source, in modo che i trader possano esaminarlo e verificarne la funzionalità. Complimenti all'autore! Sebbene sia possibile utilizzarlo gratuitamente, ricorda che la ripubblicazione del codice è soggetta al nostro Regolamento.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.