FR(%) - Bitcoin Fee Ratio — Indicator by gliderfund

breadthstudies trendanalysis bitcoin fees ratio nvt miners

Bitcoin Fee Ratio is a BTC specific study aiming to replace the ever-misleading ‘market capitalization’ (marketcap).
It answers to the following question:
“If block rewards disappeared tomorrow what percentage of economic volume would we have to pay in fees to replace them”

A low FR means that users can transact securely while simultaneously paying a minimal % of each transaction as a fee.
Conversely, a high FR means that users have to pay a high % of each transaction as a fee in order to transact securely.

User notes:

This study only plots in Bitcoin charts.
It plots in Daily, Weekly and Monthly time frames.
It doesn't render in intraday charts.
The FR value is expressed in relative (%) terms.

Credit for this idea goes to Matteo Leibowitz:
Based on the story:

You're welcome to add it to your charts. Hope you find it useful!

I develop indicators meant to be useful, profitable and good looking.

Please send me a Private Message if you intend to subscribe to an Invite-Only indicator or to hire me to develop some custom work.

Protected script

This script is published closed-source but you may use it freely. You can favorite it to use it on a chart. You cannot view or modify its source code.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

Want to use this script on a chart?