BTC Gravity Oscillator

This indicator is a deviation of a Center of Gravity Oscillator corrected for the diminishing returns of Bitcoin.

I've set up this indicator for it to be used on the weekly timeframe. The indicator oscillates between 0 and 10, where 0 indicates oversold conditions and 10 indicates overbought conditions.

The indicator plots in any BTCUSD spot, futures , BLX index and BTCEUR .

It paints in all time frames, but Weekly time frame is the correct one to interpret the 'official' read of it.

릴리즈 노트:

Updated for a better decaying time function as denoted by "fx" in the pinescript. Hope you all enjoy!