Mayer Multiple Bands [TXMC]

This Bitcoin indicator provides level bands using price distance from the 200 day moving average, also known as the Mayer Multiple.

The percentage levels are based on historical distribution of the Mayer Multiple since Bitcoin's inception, and are meant to inform the user of price action probabilities.

Usage examples:

• The 25% line means that 25% of Bitcoin's price history has traded below that distance away from the 200 day moving average.
  
• A value of 95% means that only 5% of Bitcoin's price history has extended that far above the 200 day moving average.
  

Levels displayed:
5% (5% chance of trading below)
10% (10% chance of trading below)
20%
75%
90% (10% chance of trading above)
95% (5% chance of trading above)

This indicator is for information purposes only. Use at your own discretion.