MERL: Pi Cycle Top Indicator
Merlin Chain Pi Cycle Top Indicator: daily data through 10 Nov 2026.
The 111-day moving average of price and twice its 350-day moving average.
Why use it. Their crossings have coincided with past cycle tops. How to read it. A crossing of the short average above the doubled long average is the signal.
Calculation. Simple moving averages of daily closes. CryptoKeyhole's own hourly MERL/USD index from public exchange candles, from 19 April 2024. In the last 30 days it drew on the markets of Bybit, Kraken, KuCoin and OKX.