The Mayer Multiple was created by Trace Mayer as a way to analyze the price of an asset in a historical context. The Mayer Multiple is the multiple of the current price over some x-day moving average.
I preferred to display multiple average lines as they can help with identifying divergences.
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publications is governed by House rules. Per aggiungerlo al grafico, mettilo tra i preferiti.
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