OPEN-SOURCE SCRIPT
Bitcoin Network Value to Transactions [aamonkey]
Updated
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.
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
Updated pictureOpen-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 publication is governed by House rules. You can favorite it to use it on a chart.
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