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Bitcoin Cycle Master Z-Score

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The "Bitcoin Cycle Master Z-Score" indicator is designed for in-depth, long-term analysis of Bitcoin's price cycles, using several key metrics to track market behavior and forecast potential price tops and bottoms. The indicator integrates multiple moving averages and on-chain metrics, offering a comprehensive view of Bitcoin’s historical and projected performance. Each of its components plays a crucial role in identifying critical cycle points.

The Z-Score is calculated between the 3 lower bands and the 2 upper bands

Pine Script®
top_bands = (DeltaTop() + TerminalPrice())/2 bottom_bands = (BalancedPrice() + CVDD() + RealizedPrice())/3


The Z-Score is calculated to be -3 Z at the bottom bands and 3 Z at the top bands

Pine Script®
mean = (top_bands + bottom_bands) / 2 bands_range = top_bands - bottom_bands stdDev = bands_range != 0 ? bands_range / 6 : 0 zScore = stdDev != 0 ? (close - mean) / stdDev : 0


Created for TRW

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