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 ...