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Da_Prof
Mar 4, 2024 10:57 PM

MVRVZ - MVRVZ Top and Bottom Indicator for BTC [Logue] 

Bitcoin all time history indexINDEX

Description

Market Value-Realized Value Z-score (MVRVZ) - The MVRV-Z score measures the value of the bitcoin network by comparing the market cap to the realized value and dividing by the standard deviation of the market cap (market cap – realized cap) / std(market cap)). When the market value is significantly higher than the realized value, the bitcoin network is "overvalued". Very high values have signaled cycle tops in the past and low values have signaled bottoms. For tops, the default trigger value is above 6.85. For bottoms, the indicator is triggered when the MVRVZ is below -0.25 (default).
Comments
salimalzarie
Very good and accurate script.. Many thanks (:
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