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MVRV and RSI Std Dev
This indicator provides a comprehensive, long-term view of market risk and opportunity for Bitcoin by combining fundamental on-chain data with classic momentum analysis.
How It Works:
The oscillator's value is calculated by multiplying two key metrics:
MVRV Ratio: An on-chain metric that indicates if the market price is "fair," "overvalued," or "undervalued" relative to the average price at which all coins last moved.
Weekly RSI: The standard Relative Strength Index on a weekly timeframe to measure long-term market momentum and identify overbought/oversold conditions.
Key Features:
Adaptive Risk Bands: Instead of fixed "overbought/oversold" levels, this indicator uses dynamic bands based on a long-term 4 year moving average and standard deviation. These bands automatically adjust to the market's changing volatility and cyclical nature, ensuring the risk/reward zones remain relevant over time.
Gradient Coloring: The oscillator line is colored on a smooth gradient from deep green (high reward/low risk) to bright red (high risk/low reward). This provides an intuitive, at-a-glance visualization of the market's "temperature."
How It Works:
The oscillator's value is calculated by multiplying two key metrics:
MVRV Ratio: An on-chain metric that indicates if the market price is "fair," "overvalued," or "undervalued" relative to the average price at which all coins last moved.
Weekly RSI: The standard Relative Strength Index on a weekly timeframe to measure long-term market momentum and identify overbought/oversold conditions.
Key Features:
Adaptive Risk Bands: Instead of fixed "overbought/oversold" levels, this indicator uses dynamic bands based on a long-term 4 year moving average and standard deviation. These bands automatically adjust to the market's changing volatility and cyclical nature, ensuring the risk/reward zones remain relevant over time.
Gradient Coloring: The oscillator line is colored on a smooth gradient from deep green (high reward/low risk) to bright red (high risk/low reward). This provides an intuitive, at-a-glance visualization of the market's "temperature."
开源脚本
本着TradingView的真正精神，此脚本的创建者将其开源，以便交易者可以查看和验证其功能。向作者致敬！虽然您可以免费使用它，但请记住，重新发布代码必须遵守我们的网站规则。
免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。
开源脚本
本着TradingView的真正精神，此脚本的创建者将其开源，以便交易者可以查看和验证其功能。向作者致敬！虽然您可以免费使用它，但请记住，重新发布代码必须遵守我们的网站规则。
免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。