The Bitcoin 350DMA - The Golden Ratio Multiplier is a daily based and long-term projection to reveal intracycle movements of Bitcoin price action. The trendlines are calculated a main 350-day moving average and scaling it with various fibonacci numbers. This approach originally belongs to Philip Swift (@positivecrypto) on medium, please read his article 'The Golden Ratio Multiplier'.
This indicator is free to use, and the code is hidden. Please share your interesting experience.
HikmetSezen @HikmetSezen58 on twitter .
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update fib levels and colors
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Typo corrections.
I am getting a lot msg about usage of this indicator. Here a short description about it:
Please click settings button of the indicator (gear figure), and figure out what you can change on parameters ie. length of moving averages (MA), type of MA, disable/enable and adding customized MA and Fibonacci lines, also color, shape and thickness of lines.
The Fib*13 and Fib*21 is disabled as default, but you can enable it from settings menu.
You can save your settings by clicking the 'Defaults' button at the left bottom side in the settings menu and choose 'Save As Default'.
Default Line color codes: MA 350: red MA 111: orange fib*1.618 blue fib*2: lime fib*3: fuchsia fib*5: aqua fib*8: gray fib*13: green fib*21: purple fib_costume: silver fib/1.414: black fi/161.618: olive fib/2: burly wood fib/2.414: dark grey
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Some cosmetic improvements: + "MA 128" is added as a ribbon band with "MA 111" for a support line for bullish market cycles + "MA 700" is added as default + Area between two lowest bottom Fib lines is filled with gray color as a last support line for bearish market cycles
It's quite good indicator of support and resistance levels . Cheers
Treider_BTC
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Super! %)
qdvsdfwwfdsfsd
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Amazing !
kwitnie
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interesting view, but as you told, combine this within one's own strategy/indicators/tradingplan
i'm curious about the "base"indicator i.e. 350DMA
in an overview I can understand the choice, but is it also something to calculate it more precisely
so let an algo find out what was the best period 350, 344, 353 or whatever
on medium you were also referring to "modeling btc" from my country fellow planB/stock to flow and also to other btc adoption processes
combined with some background as fibo etc, that makes your work even better
and also interesting for studie for us
thank you
Hindsightistwenty20
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Fantastic! Thanks for the insight.
JohanLami
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God bless you :)
Marzo999
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thanks for sharing :)
tusho
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Looks great, thanks a lot for sharing!
ICEKI
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Nice works! Thanks for shared in public thanks hikmetsezen =D