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It is based on current of Volatility Ratio that was. This script is designed to work with the daily chart.
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252 TIP. The Bitcoin Impact with Trace MayerThe Mayer Multiple measures the difference between the current price of bitcoin and the day moving average. The Mayer Multiple is used to show when. The Mayer Multiple was created by Trace Mayer as a way to analyze the price of Bitcoin in a historical context. It does NOT tell whether to buy, sell or hold. Glassnode Studio is your gateway to on-chain data. Explore data and metrics across the most popular blockchain platforms.