Bitcoin Network Value to Transactions [aamonkey] — Indicator by aamonkey

oscillator fundamental-analysis blockchain network bitcoin topfinder bottomfinder

Cryptoassets have been quite turbulent in the past few weeks.

At times like this, it is especially important to look at the fundamental foundations of cryptoassets.

This indicator is based on the Network Value to Transactions, or NVT.

Definition:

NVT = Network Value / Daily Transaction Volume

Because this indicator is pulling the Daily Transaction Volume for BTC it can only be used for BTC and the daily timeframe.

Release Notes:

You now can change the zone tops.

Release Notes:

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Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

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.

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