BTC Price to Hash score — Indicator by FerdiHodler

Growing btc hashrate are associated with increasing btc price.
During speculative phase price growth is disproportionate to the hashrate.
On the opposite when the price fall to much in comparison to the hashrate, bitcoin could be undervalued.

This indicator identified 3 of 4 major tops and a lot of optimal buy opportunities.

Value under 0 signal overbought situations, value above 5.6 signal extremely oversold situations.

BIO

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?