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:...
🔗Blockchain Fundamentals - Network Value to Aggregate Fee Ratio by Cryptorhythms
Intro
Another blockchain metric brought to you by Matteo Leibowitz, ported by me to tradingview for your viewing pleasure.
Description
Fees as Indicator of Demand. After some consideration, I believe that aggregate transaction fees in dollar terms across different time...