kishin

NVT Signal with RMA and thresholds [alertable]

NVT Signal, or NVTS, is an indicator that compares the market cap of Bitcoin to the aggregate USD value of daily transactions on the Bitcoin blockchain. It is a value indicator that shows a multiple of Bitcoin price against the actual usage of its blockchain. When the NVTS is low, it suggests Bitcoin price is low relative to the amount of utility the network provides, and vice versa.


For more information on NVTS, visit https://medium.com/cryptolab/https-mediu...

This indicator aims to provide the following:
1. An open-source implementation of NVTS on Tradingview, as the most popular one currently is closed-source.
2. To provide two simple ways to define and visualize "overbought" or "oversold" conditions using the NVTS. Here, we have absolute value of NVTS & deviation from a long-term moving average.
3. Crude integration into Tradingview's alert system.

What this indicator CANNOT do:
1. Timeframes below 1d.
2. Signals based on statistical analyses, such as seen in Bollinger Bands et al. (However, with the appropriate type of account, you can add BBands on top of this indicator.)

I would like to express my gratitude to Willy Woo, Chris Burniske and Dimitry Kalichkin for their work on NVT Ratio and NVT Signal, without which my indicator would not have been created.

Feel free to fork & improve, or experiment with settings. I hope this indicator will be useful to someone.
Rimuovi dagli script preferiti Aggiungi agli script preferiti
nice, ty. i think it's really great that you choose to show code! bravo

+1 Rispondi
great job buddy! here is the strategy with backtest date range and trailing stop / stop loss:
+1 Rispondi
@nilux, thanks for the backtest!
Rispondi
Home Screener azioni Screener forex Screener cripto Calendario economico Come funziona Caratteristiche Grafico Costi Regolamento Moderatori Soluzioni per broker & siti web Widget Librerie grafiche Chiedi aiuto Suggerisci funzionalità Blog & Novità FAQ Wiki Twitter
Profilo Impostazioni profilo Account e fatturazione Chiedi aiuto Idee pubblicate Follower Seguiti Messaggi Privati Chat Esci