OPEN-SOURCE SCRIPT

MVRV Ratio Momentum

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This Pine Script indicator calculates the momentum of the Market Value to Realized Value (MVRV) ratio for Bitcoin. It visualizes the difference between the current MVRV and its 365-day moving average, indicating whether Bitcoin's value is currently above or below its long-term average and by how much. The indicator helps traders identify potential trends and turning points in Bitcoin's market value relative to its realized value.

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