OPEN-SOURCE SCRIPT
BTC Buy/Sell Signal
Use in higher time frames (weekly works best)
Condition Interpretation:
Red Shading: Indicates a scenario where Copper/Gold is strong (above zero), Copper/Bitcoin is weak (below zero), and the difference between them is pronounced (Smoothed MA Difference above Copper/Gold Z-Score).
Green Shading: Indicates the opposite, where Copper/Gold is weak, Copper/Bitcoin is strong, and the difference is below the Copper/Gold Z-Score.
The zones only indicate that the trader should consider buying or selling. Use with another indicator to confirm.
Condition Interpretation:
Red Shading: Indicates a scenario where Copper/Gold is strong (above zero), Copper/Bitcoin is weak (below zero), and the difference between them is pronounced (Smoothed MA Difference above Copper/Gold Z-Score).
Green Shading: Indicates the opposite, where Copper/Gold is weak, Copper/Bitcoin is strong, and the difference is below the Copper/Gold Z-Score.
The zones only indicate that the trader should consider buying or selling. Use with another indicator to confirm.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.