This is an oscillator version of the above. When the indicator is at/near 1 then Bitcoin price is at/near the upper range of it's longterm logarithmic growth trend. When at/near 0 then price is at/near the lower range of that trend.
This indicator only works with the BLX Brave New Coin Index (ticker:BLX) and only on 1 day, 3 day, or 1 week timeframes.
good job sir! For the oscillator, might I suggest creating OB/OS zones? you could do a fill between top/bottom lines and their next nearest line (based on your, or just an arbitrary value like 0.2 and 0.8
keep it up! :) :)
quantadelic
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@theheirophant, Thanks... I'm currently trying to refactor the whole thing (both the log curves & oscillator)) so it will work on any BTC ticker (ie any exchange or index that tracks BTC price) and any timeframe, then I will add on the bells & whistles.
Coroos
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May I suggest to cap the output value at 1? This would make the spike at the beginning disappear. I do not have the sources to the script obviously, but you could change 'y = f(x)' to 'y = max(0, min(1, f(x)))'.
Great oscillator, makes a lot of sense!
logline
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"Script Not Available
This script was hidden for violating one or more of TradingView's House Rules."
men000000
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Hello
this indicator has been deleted, would you please publish it again?
Thanks
bude01
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HI, this looks awesome - I cannot get it set up. not indicator graphs are to be seen. just my candles.... what do I have to use for settings? Using BLX on 1D and more... thx!!!
MidnightOne
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Thank you very much for sharing!
PS: you can force it to use BLX data so that it could be used on any other realtime chart (stamp for example)
jaggedsoft
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Looks amazing, nice work!
nullspace
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Just added this and it seems to be ranging between 1.2 top and 0.3 bottom now. There doesn't seem to be any adjustable parameters. Maybe a bug was introduced?
RoyAa
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@nullspace, did you opened a chart with sufficient history? I see different oscillator ranges between Bitstamp chart BTCUSD (longer history period) and for example XBTUSD Bitmex (shorter history period)
keep it up! :) :)