OPEN-SOURCE SCRIPT
Updated SOPR Candles - Custom Mid-Line
SOPR Candle with Customizable Mid-Line
On-chain SOPR (Spent Output Ratio) indicator as an oscillator. Customizable centerline and MAs makes signals easy to identify.
Features
How to Use
Values above/below center Indicate profit/loss realization
Risk Disclaimer
This indicator is provided for educational and informational purposes only and does not constitute financial, investment, or trading advice. Cryptocurrency markets are highly volatile, and trading involves significant risk. Past performance is not indicative of future results. You are solely responsible for your trading decisions and risk management. Always conduct your own research and consider your financial situation before trading.
On-chain SOPR (Spent Output Ratio) indicator as an oscillator. Customizable centerline and MAs makes signals easy to identify.
Features
- SOPR displayed as a column-style oscillator
- Customizable SOPR center (middle line)
- Optional SMA or EMA smoothing
- Clear green/red coloring
How to Use
Values above/below center Indicate profit/loss realization
Risk Disclaimer
This indicator is provided for educational and informational purposes only and does not constitute financial, investment, or trading advice. Cryptocurrency markets are highly volatile, and trading involves significant risk. Past performance is not indicative of future results. You are solely responsible for your trading decisions and risk management. Always conduct your own research and consider your financial situation before trading.
Release Notes
SOPR Candle with Customizable Mid-LineOn-chain SOPR (Spent Output Ratio) indicator as an oscillator. Customizable center and MAs makes signals easy to identify.
Features
- SOPR displayed as a column-style oscillator
- Customizable SOPR center (middle line)
- Optional SMA or EMA smoothing
- Clear green/red coloring
How to Use
Values above/below center Indicate profit/loss realization
Risk Disclaimer
This indicator is provided for educational and informational purposes only and does not constitute financial, investment, or trading advice. Cryptocurrency markets are highly volatile, and trading involves significant risk. Past performance is not indicative of future results. You are solely responsible for your trading decisions and risk management. Always conduct your own research and consider your financial situation before trading.
Release Notes
SOPR Candle with Customizable Mid-LineOn-chain SOPR (Spent Output Ratio) indicator as an oscillator. Customizable centerline and MAs makes signals easy to identify.
Features
- SOPR displayed as a column-style oscillator
- Customizable SOPR center (middle line)
- Optional SMA or EMA smoothing
- Clear green/red coloring
How to Use
Values above/below center Indicate profit/loss realization
Risk Disclaimer
This indicator is provided for educational and informational purposes only and does not constitute financial, investment, or trading advice. Cryptocurrency markets are highly volatile, and trading involves significant risk. Past performance is not indicative of future results. You are solely responsible for your trading decisions and risk management. Always conduct your own research and consider your financial situation before trading.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
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.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
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.