This indicator analyzes Bitcoin’s value range by combining two trend signals: an EMA-based trend score and a rolling median-based system score.
- Multiple EMAs with different periods are compared—if the short EMA is above the long EMA, it signals an uptrend; otherwise, a downtrend. These signals are averaged and smoothed for a refined trend score.
- Meanwhile, a rolling median of BVRS is compared to past values, assigning a score based on whether it's higher or lower.
- Finally, both scores are normalized and combined to dynamically determine the overall trend direction.
The aggregated signal identifies market conditions based on trend strength.
Bullish: A signal above 0 suggests an uptrend, highlighted with a green background.
Bearish: A signal below 0 indicates a downtrend, marked with a red background.