The Pi Cycle indicators is composed of the 111 day moving average (111SMA) and a 2x multiple of the 350 day moving average (350SMA x 2) of the asset's price. This metric shows when an asset becomes significantly overheated (the shorter MA reaches the levels of the larger MA), and has historically been a good indicator for cycle tops. This metric was first put forward by Philip Swift.

This is the Point-in-Time (PiT) variant of Pi Cycle Top Indicator. PiT metrics are strictly append-only and their history is immutable. The historic data does not necessarily reflect the best current knowledge, but the information at the time when a data point was first computed. PiT metrics are ideal candidates for applications in model backtesting and related quantitative purposes. Read our article on PiT metrics for more information.