NVT Z-Score Script:
Data Source and Calculation: This script calculates the NVT ratio by dividing the market cap (assumed from QUANDL data) by a 90-day MA of the transaction volume (also from QUANDL), similar to the NVTS calculation. However, the adaptation lies in further analyzing the NVT ratio through a Z-score approach, not explicitly described in the original...
Bitcoin`s NVT is calculated by dividing the Network Value (market cap) by the USD volume transmitted through the blockchain daily. Note this equivalent of the bitcoin token supply divided by the daily BTC value transmitted through the blockchain, NVT is technically inverse monetary velocity.
Credits go to Willy Woo for creating the Network Value Transaction Ratio...
NVT Studio is an indicator that aims to find areas of reversal of the Bitcoin price based on the extreme areas of Network Value Transaction.
Instructions:
- We recommend using it on INDEX:BTCUSD
- Use the daily or weekly timeframe
The indicator works as an oscillator and offers to visualisation modes.
1) Showing the short term oscillations of NVT showing...
Network Value to Transactions Ratio (NVT) is defined as the ratio of market capitalization divided by transacted volume.
NVT Ratio can be thought of as an indicator that measures whether the blockchain network is overvalued or not.
If it is upper than red line, it means overvalued.
NVT Golden Cross targets to generate short or long signals by comparing the...
System is based on TMA Bands + OSMA + EMA Zone. Signal is generated when:
- price recently touched lower or upper band
- price is crossing EMA Zone
- OSMA is aligned in direction of trade to be taken
Natural Target would be opposite band set by TMA.
In this script I included 2 quite interesting indicators for Bitcoin:
* NVT (Network Value to Transactions Ratio)
* NVTS (NVT Signal)
Both indicators are based on Bitcoin Network Value (Market Cap) and 24h transaction volume.
For both these values I'm using Quandl datasets from Blockchainc.com:
market_cap: QUANDL:BCHAIN/MKTCP
transac_vol:...
NVT Dynamic
This is the dynamic version of my " Bitcoin Network Value to Transactions " indicator.
The dynamic NVT indicator is based on the Network Value to Transactions.
Definition:
NVT = Network Value / Daily Transaction Volume
Advantages:
Because BTC is a very young asset, it can be a good idea to have relatively high and low NVT values that change...
![BLX: NVT Dynamic Colored with Signals [aamonkey]](https://s3.tradingview.com/u/uJ4ZaXIW_mid.png "NVT Dynamic Colored with Signals [aamonkey]")
