Bitcoin Cycle High/Low with functional Alert [heswaikcrypt]

4 giorni fa

Introduction
Just as machines are fine-tuned for maximum efficiency, trading indicators must evolve to meet the demands of ever-changing markets.

Credit goes to the initial author, NoCreditsLeft I only improved the existing Pi-cycle indicator with a functional alert and included a bull mode indicator in the script. The alert can help you get a live alert at candle close when the cycle tops, bottoms, and the potential bull phase switch occurs.

Philip Swift’s Pi Cycle Top Indicator is a brilliant example of leveraging mathematical relationships to signal critical turning points in Bitcoin’s price cycles. Historically, it has identified market and local tops with some relative accuracy, often within three days, as demonstrated in all the previous bull run cycles.

At its core, the Pi Cycle Indicator derives its name from the mathematical constant π (pi), achieved by using simple moving averages (MAs) in a specific ratio: 𝜋 = Long MA/short MA
The Bull mode switch is calculated using a crossover of the short exponentia moving average and the long moving average.
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Knowing when Bitcoin reaches its top—and receiving timely alerts about it—is crucial for successful trading. The indicator is designed to signal;

Potential Bitcoin tops: Purple label
Potential Bitcoin bottoms : green Label, and
Parabolic swing : Yellow diamond shape (relating to the market switching to a potential bull mode)

"Please note: This indicator is tailored for Bitcoin using historical data analysis and should not be considered definitive. However accurate it might be."

Setting alerts
To set the alert conditions, select

Pine Script®

to get alert whenever the conditions are met. The script is configured on dialy TF; you can set it on 1D or weekly TF.

Enjoy and Trade smartly