The Mayer Multiple is calculated by dividing the current price by 200-day moving average so you have to use daily charts fort it to work properly. This script is design to be a help for deciding when to buy Bitcoin and when it is time to sell your HODL position. This script uses moving average for optimal sell and buy points. In time of writing the average Mayer Multiple is 1.47 for the history of Bitcoin.
thanks for the script. how can i use it for altcoin?
ChuckBanger
⋅
@maxonline, I have never tested it on other then Bitcoin, it is intended for Bitcoin. But it should work if u find the right optimal sell and buy points in settings for the coin you want to use it for
maxonline
⋅
@ChuckBanger, awesome thanks! how can i find sell and buy points ?
Hello, thank you very much to the author for this script, I would like to know if it is possible to adapt the script to the code mql4-mql5 to build an expert EA consultant, for trading on MT4-MT5 platforms, thanks in advance.
ChuckBanger
⋅
@GermanAguilar, Hi,
I don't exactly understand what you want. But if you want this script converted to MT4-MT5 platform. I can do that for $...