OPEN-SOURCE SCRIPT

Daily Network Value to Transactions Signal (NVTS)


Quote of GlassNode ...
The NVT Signal (NVTS) is a modified version of the original NVT Ratio.
It uses a 90 day moving average of the daily transaction volume in the denominator instead of the raw daily transaction volume.
This moving average improves the ratio to better function as a leading indicator.

The Network Value to Transactions (NVT) Ratio is calculated by dividing the market cap by the transferred on-chain volume measured in USD.
GlassNode says the NVT Ratio was created by Willy Woo.


I have peaked into Glassnode and took their idea.
I also added a few more Moving Averages to select from, and the length can also be changed.

This script does not depend on Glassnode alone, instead I pulls data of several services...
  • CoinMarketCap
  • CoinMetrics
  • GlassNode
  • IntoTheBlock

Therefor we have more Tokens to select from.
I have also blocked some faulty data of each service.
If you get a study error of any kind then there is no data available,
or you on a wrong timeframe.

Best to use this script in a daily chart.
And keep in mind it pulls data of yesterday.
Therefor the plot is offset by 1 to the left.

The script will check each service if the data for the chart is available.
Market Cap is taken in the following order ...
  1. CainMarketCap
  2. GlassNode
  3. CoinMetrics


Transaction volume as USD is taken in the following order ...
  1. IntoTheBlock
  2. CoinMetrics
  3. GlassNode


Happy Trading!
cryptomarketcryptomarketcapforecastingFundamental AnalysisnvtsnvtsignalPrice Volume Trend (PVT)

开源脚本

本着真正的TradingView精神,此脚本的作者已将其开源,以便交易者可以理解和验证它。向作者致敬!您可以免费使用它,但在出版物中重复使用此代码受网站规则约束。 您可以收藏它以在图表上使用。

想在图表上使用此脚本?

免责声明