OPEN-SOURCE SCRIPT
已更新 RHODL_Ratio
Indicator Overview
This indicator uses a ratio of Realized Value HODL Waves.
In summary, Realized Value HODL waves are different age bands of UTXO’s (coins) weighted by the Realized Value of coins within each band.
The Realized Value is the price of UTXO’s (coins) when they were last moved from one wallet to another.
RHODL Ratio looks at the ratio between RHODL band of 1 week versus the RHODL band of 1-2yrs.
It also calibrates for increased hodl’ing over time and for lost coins by multiplying the ratio by the age of the market in number of days.
When the 1-week value is significantly higher than the 1-2yr it is a signal that the market is becoming overheated.
How to Use this Indicator
When RHODL ratio starts to approach the red band it can signal that the market is overheating (Red bars on a chart). This has historically been a good time for investors to take profits in each cycle.
When RHODL ratio starts to approach the green band it can signal great time to buy (Green bars on a chart)
If you change an upper band location this automatically affects on the normalization of value what you can send with allert and what you see on the lable.
This version have differences to original one
Original idea of:
Philip Swift (positivecrypto)
This indicator uses a ratio of Realized Value HODL Waves.
In summary, Realized Value HODL waves are different age bands of UTXO’s (coins) weighted by the Realized Value of coins within each band.
The Realized Value is the price of UTXO’s (coins) when they were last moved from one wallet to another.
RHODL Ratio looks at the ratio between RHODL band of 1 week versus the RHODL band of 1-2yrs.
It also calibrates for increased hodl’ing over time and for lost coins by multiplying the ratio by the age of the market in number of days.
When the 1-week value is significantly higher than the 1-2yr it is a signal that the market is becoming overheated.
How to Use this Indicator
When RHODL ratio starts to approach the red band it can signal that the market is overheating (Red bars on a chart). This has historically been a good time for investors to take profits in each cycle.
When RHODL ratio starts to approach the green band it can signal great time to buy (Green bars on a chart)
If you change an upper band location this automatically affects on the normalization of value what you can send with allert and what you see on the lable.
This version have differences to original one
Original idea of:
Philip Swift (positivecrypto)
版本注释
-开源脚本
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这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。
开源脚本
秉承TradingView的精神，该脚本的作者将其开源，以便交易者可以查看和验证其功能。向作者致敬！您可以免费使用该脚本，但请记住，重新发布代码须遵守我们的网站规则。
免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。