Formula GRM=MA350( BTC USD) * (1.6;2;3;5;8;13;21)
The multiplier examines medium-and long-term time cycles.
For this, a multiple of 350 MA is used to determine the areas of potential resistance.
Additionally, fibo levels from the main line.
version 2021 year modification
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.