($ROSE Trader) Mean Multiple Oscillator

2024년 7월 7일

The ROSE Trader Mean Multiple Oscillator is an adaptation of The Mayer Multiple, using the 99-Day Simple Moving Average rather than the 200-Day (adjusted for ROSE's higher delta), setting distinct preset levels for ROSE overbought and oversold conditions.

Who is this indicator for?
While this indicator will function on any chart, it is setup for trading Oasis ROSEUSDT token specifically — the presets used are tailored to the ROSE chart.
While it is an open source public script, it has been released primarily for the ROSE community

What does this indicator offer?
This indicator follows the same concepts as the Mayer Multiple, popular with BTC. What makes it unique is that it the presets are setup specifically for the ROSEUSDT, based upon my trading experience.

About the Mayer Multiple:
The Mayer Multiple is a derivative of the 200-day MA, calculated by dividing the BTC market price by the 200-day MA. The 200-day MA is a widely recognised indicator for BTC in establishing macro bull or bear bias. The Mayer Multiple therefore represents a measure of distance away from this long-term average or mean price as a tool to gauge overbought and oversold conditions.

For BTC overbought, and oversold conditions, have historically coincided with Mayer Multiple values of 2.4, and 0.8 respectively.

Adapting this concept to the ROSE token:
The adaption of the Mayer Multiple offered here adjusts the 200-day MA to suit the higher delta or volatility of the ROSEUSDT token specifically. For ROSE I use the 99-day MA to establish macro bull or bear bias. The derived 'Mean Multiple', based on the 99-day MA therefore represents a measure of distance away from this long-term average or mean price as a tool to gauge overbought and oversold conditions.

For ROSE overbought, and oversold conditions, tend to coincide with values of 1.618, and 0.618 respectively. Further offsets have been preprogrammed to add nuance to the way this indicator may be used in different market conditions

The ROSE Trader Mean Multiple Oscillator:
The Oscillator version of this script is useful to determine possible levels that price is likely to reach overbought and over sold conditions by plotting the offsets and values directly on the price chart

Calculations:

• 99-Day Simple Moving Average (99D SMA) * by offset
  
• This script is partnered with the "ROSE Trade Mean Multiple”: an adaptation of The Mayer Multiple, using the 99-Day Simple Moving Average rather than the 200-Day (adjusted for ROSE's higher delta), setting distinct preset levels for ROSE overbought and oversold conditions.
  
  

Note: this script is setup to work with any instrument, but the presets are built to provide actionable data on the Oasis ROSEUSDT token specifically. It is not a predicative model, it rather shows how price has behaved historically / statistically at these levels given past data.

2024년 7월 7일

릴리즈 노트

Added: New recommended preset for ROSEBTC, MA type option and additional period presets