BTC Supply in Profits and Losses (BTCSPL)

Alpha Decay Adjustment

The indicator provides the option to adjust the data against Alpha Decay, this compensates for the reduction in clarity of the signal over time.

Rolling Change Display

The indicator enables the display of the rolling change in the distribution of Bitcoin addresses between profits and losses, aiding in identifying shifts in market sentiment.

BTCSPL Value Score

The indicator optionally displays a value score ranging from -1 to 1, traders can use this to carry out strategic dollar cost averaging and reverse dollar cost averaging based on the implied value of bitcoin.

Reversal Signals

The indicator gives long-term reversal signals denoted as "▲" and "▼" for the price of bitcoin based on oversold and overbought conditions of the BTCSPL.

Moving Average Visualization

Traders can choose to display a moving average line, allowing for better trend identification.

How to Use ☝️ (summary):

Alpha Decay Adjustment

Toggle this option to enable or disable Alpha Decay adjustment for a normalized representation of the data.

Moving Average

Toggle this option to show or hide the moving average line, helping traders identify trends.

Short-Term Trend

Enable this option to display the short-term trend based on the Aroon indicator.

Rolling Change

Choose this option to visualize the rolling change in the distribution between profits and losses.

BTCSPL Value Score

Activate this option to show the BTCSPL value score, ranging from -1 to 1, 1 implies that bitcoin is extremely cheap(buy) and -1 implies bitcoin is extremely expensive(sell).

Reversal Signals

Gives binary buy and sell signals for the long term