OPEN-SOURCE SCRIPT

MVRV Z-Score

Updated

The MVRV ratio was created by Murad Mahmudov & David Puell. It simply compares Market Cap to Realised Cap, presenting a ratio (MVRV = Market Cap / Realised Cap). The MVRV Z-Score is a later version, refining the metric by normalising the peaks and troughs of the data.

Release Notes

Includes oversold and overbought values for both standard and z-score versions

Release Notes

Updated. Now works on all timeframes. On timeframes lower then the 4 hour, using the Z-Score function should be avoided, given it standardises the data based on the lower timeframe interval.

Open-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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