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BTC Mayer Multiple Glassnode
A sophisticated on-chain inspired indicator that measures Bitcoin's fair value using the Mayer Multiple metric, presented in Glassnode's signature visual style. This tool helps traders identify optimal entry and exit zones based on Bitcoin's deviation from its 200-day moving average.
📊 What is Mayer Multiple?
The Mayer Multiple is a ratio of Bitcoin's current price divided by its 200-day moving average. Created by Trace Mayer, this metric has historically been effective at identifying market tops and bottoms. Values below 1.0 suggest undervaluation, while values above 2.4 indicate potential overvaluation.
🎯 Key Features
Glassnode-Inspired Design: Premium dark theme with professional color gradients matching industry-leading analytics platforms
Dynamic Color Zones: Six distinct valuation levels from Extreme Buy to Bubble territory
Real-Time Statistics Panel: Live tracking of current multiple, 1-year high/low, averages, and risk assessment
Multi-View Visualization: Choose between histogram bars, line chart, or both for optimal chart clarity
Actionable Signals: Clear buy/sell/hold recommendations based on current market valuation
📈 Valuation Zones Explained
🟢 Extreme Buy Zone (< 0.8): Historical accumulation opportunity - Bitcoin trading significantly below 200MA
🟡 Undervalued (0.8-1.2): Below fair value - favorable risk/reward for long-term positions
⚪ Fair Value (1.2-1.8): Balanced market conditions - hold existing positions
🟠 Overvalued (1.8-2.4): Above fair value - consider taking partial profits
🔴 Extreme Sell (2.4-3.5): Historical distribution zone - high probability of correction
🟣 Bubble Territory (> 3.5): Extreme overvaluation - historical cycle tops
⚙️ Customization Options
Adjustable MA period (default 200-day for traditional analysis)
Smoothing filter to reduce noise
Toggle histogram, line chart, and reference lines independently
Customizable transparency and histogram width
Movable statistics panel for clean chart layout
💡 How to Use
Accumulation Strategy: Buy when Mayer Multiple drops below 1.0, especially during extreme dips below 0.8
Distribution Strategy: Take profits when multiple exceeds 2.4, particularly above 3.5
Trend Confirmation: Values consistently above 1.0 confirm bull market momentum
Risk Management: Use risk level indicator to adjust position sizing
📊 Statistics Panel Includes
Current Mayer Multiple value with color-coded status
Action signal (Strong Buy → Extreme Sell)
1-year high, low, and average for context
Current BTC price and MA200 reference
Risk level assessment for position management
🔔 Alert System
Built-in alerts for all key threshold crossovers:
Extreme Buy Zone entry (< 0.8)
Undervalued Zone entry (< 1.2)
Overvalued Zone entry (> 2.4)
Extreme Sell Zone entry (> 3.5)
🎓 Best Practices
Use on daily or weekly timeframes for most reliable signals
Combine with other indicators for confluence
Historical data shows multiple below 1.0 offers asymmetric risk/reward
Values above 2.4 preceded most major corrections
Not suitable for intraday trading or scalping
⚠️ Important Notes
This indicator is based on historical patterns and does not guarantee future performance. The Mayer Multiple works best on longer timeframes and should be used as part of a comprehensive trading strategy. Markets can remain overbought or oversold for extended periods.
Compatible with TradingView Pine Script v6 | Works on all Bitcoin pairs | Optimized for BTC/USD and BTC/USDT
📊 What is Mayer Multiple?
The Mayer Multiple is a ratio of Bitcoin's current price divided by its 200-day moving average. Created by Trace Mayer, this metric has historically been effective at identifying market tops and bottoms. Values below 1.0 suggest undervaluation, while values above 2.4 indicate potential overvaluation.
🎯 Key Features
Glassnode-Inspired Design: Premium dark theme with professional color gradients matching industry-leading analytics platforms
Dynamic Color Zones: Six distinct valuation levels from Extreme Buy to Bubble territory
Real-Time Statistics Panel: Live tracking of current multiple, 1-year high/low, averages, and risk assessment
Multi-View Visualization: Choose between histogram bars, line chart, or both for optimal chart clarity
Actionable Signals: Clear buy/sell/hold recommendations based on current market valuation
📈 Valuation Zones Explained
🟢 Extreme Buy Zone (< 0.8): Historical accumulation opportunity - Bitcoin trading significantly below 200MA
🟡 Undervalued (0.8-1.2): Below fair value - favorable risk/reward for long-term positions
⚪ Fair Value (1.2-1.8): Balanced market conditions - hold existing positions
🟠 Overvalued (1.8-2.4): Above fair value - consider taking partial profits
🔴 Extreme Sell (2.4-3.5): Historical distribution zone - high probability of correction
🟣 Bubble Territory (> 3.5): Extreme overvaluation - historical cycle tops
⚙️ Customization Options
Adjustable MA period (default 200-day for traditional analysis)
Smoothing filter to reduce noise
Toggle histogram, line chart, and reference lines independently
Customizable transparency and histogram width
Movable statistics panel for clean chart layout
💡 How to Use
Accumulation Strategy: Buy when Mayer Multiple drops below 1.0, especially during extreme dips below 0.8
Distribution Strategy: Take profits when multiple exceeds 2.4, particularly above 3.5
Trend Confirmation: Values consistently above 1.0 confirm bull market momentum
Risk Management: Use risk level indicator to adjust position sizing
📊 Statistics Panel Includes
Current Mayer Multiple value with color-coded status
Action signal (Strong Buy → Extreme Sell)
1-year high, low, and average for context
Current BTC price and MA200 reference
Risk level assessment for position management
🔔 Alert System
Built-in alerts for all key threshold crossovers:
Extreme Buy Zone entry (< 0.8)
Undervalued Zone entry (< 1.2)
Overvalued Zone entry (> 2.4)
Extreme Sell Zone entry (> 3.5)
🎓 Best Practices
Use on daily or weekly timeframes for most reliable signals
Combine with other indicators for confluence
Historical data shows multiple below 1.0 offers asymmetric risk/reward
Values above 2.4 preceded most major corrections
Not suitable for intraday trading or scalping
⚠️ Important Notes
This indicator is based on historical patterns and does not guarantee future performance. The Mayer Multiple works best on longer timeframes and should be used as part of a comprehensive trading strategy. Markets can remain overbought or oversold for extended periods.
Compatible with TradingView Pine Script v6 | Works on all Bitcoin pairs | Optimized for BTC/USD and BTC/USDT
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Esse script é publicada como código fechado. No entanto, você pode usar ele livremente e sem nenhuma limitação – saiba mais aqui.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.
Script protegido
Esse script é publicada como código fechado. No entanto, você pode usar ele livremente e sem nenhuma limitação – saiba mais aqui.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.