LIB: Pi Cycle Top Indicator

Indicator Overview
The Pi Cycle Top Indicator has historically been effective in picking out the timing of market cycle highs to within 3 days.
It uses the 111 day moving average (111DMA) and a newly created multiple of the 350 day moving average, the 350DMA x 2.

Note: The multiple is of the price values of the 350DMA not the number of days.

For the past three market cycles, when the 111DMA moves up and crosses the 350DMA x 2 we see that it coincides with the price of Bitcoin peaking.

It is also interesting to note that 350 / 111 is 3.153, which is very close to Pi = 3.142. In fact, it is the closest we can get to Pi when dividing 350 by another whole number.

It once again demonstrates the cyclical nature of Bitcoin price action over long time frames. Though in this instance it does so with a high degree of accuracy over the past 7 years.

How It Can Be Used
Pi Cycle Top is useful to indicate when the market is very overheated. So overheated that the shorter term moving average of the 111day moving average has reached a x2 multiple of the 350 day moving average. Historically this has been a very good time to sell Bitcoin .
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*Note: This is initial screen with the play button will not show the indicator on latest data once you press the play button. You need to search for the indicator in a $BTC chart:

For anyone new to Tradingview accessing this script (or any other scripts on the platform) this is what you need to do:
1. Scripts are accessed by searching for a $BTC chart such as BTCUSD
2. Then go to the Indicator search and type in the name of the indicator you are looking for
3. Then click on the indicator and it will appear fully on your chart
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