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G. Santostasi Bitcoin Power Law Bands

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This indicator is based on the author's previously published Power Law Adaptive Indicator. The Power Law is adaptive because it recalculates the slope of the log-log fitting iteratively in a moving window using specific weights that emphasize recent data and make the fit more robust. This particular version add the full model that has 3 components: 1) the general power law trend 2) sinusoidal oscillation to model the periodic oscillations associated with the halvings 3) a fixed bottom at 60 % deviation from the trend that is a hard bottom for Bitcoin price. In addition, the user can choose different values of averaging the price to match the price more closely to the Power Law full Model. The price values are also color-coded according to the standard deviation multiple of that particular price.
Areas in between the full model and the simple model are color-coded to indicate regions where the price is over-valued or under-valued (if the full model is above the simple model the price is over-valued, if the full model is below the simple model the price is undervalued).
Note di rilascio
Changed the vertical halving lines to labels. The labels can be turned on or off.
Note di rilascio
Fixed a problem with labels.
Note di rilascio
Update for the location of the peak label. Now it displays correctly the peak and its relative value.
Note di rilascio
Updated option to turn off labels for projections.
Note di rilascio
Added an upper decay channel, based on the observed exponential decay of the residuals after subtracting the power law trend.
Note di rilascio
Added prediction for the power law support.

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