Mayer Multiple Bands
Since there are not many scripts based on the Mayer Multiple, I figured I could add one to the collection. First I would like to give a shout out to Trace Mayer, Preston Pysh, and our fellow Tradingview user unbound, for their inspirational work.
The numbers used to make this script can be found in a number of locations, or you can just make them for yourself in Excel, which will give you a more current mean Mayer Multiple etcetera; however, the numbers I used for this particular script were found here: https://www.theinvestorspodcast.com/bitcoin-mayer-multiple/
This script should only be used with daily candles.
The numbers used to make this script can be found in a number of locations, or you can just make them for yourself in Excel, which will give you a more current mean Mayer Multiple etcetera; however, the numbers I used for this particular script were found here: https://www.theinvestorspodcast.com/bitcoin-mayer-multiple/
This script should only be used with daily candles.