OPEN-SOURCE SCRIPT
Master Litecoin Miner Sell Pressure
Brief Description:
Purpose: The indicator overlays on a chart to highlight periods of high miner sell pressure for Litecoin.
Data Sources:
miner_out: Fetches daily Litecoin miner outflows (amount of LTC moved out by miners) using the INTOTHEBLOCK:LTC_MINEROUTFLOWS dataset.
miner_res: Fetches daily Litecoin miner reserves (amount of LTC held by miners) using the INTOTHEBLOCK:LTC_MINERRESERVES dataset.
Calculation:
Computes a ratio m by taking the 14-day sum of miner outflows and dividing it by the 14-day simple moving average (SMA) of miner reserves.
Calculates Bollinger Bands around m:
bbl: Lower band (200-day SMA of m minus 1 standard deviation).
bbu: Upper band (200-day SMA of m plus 1 standard deviation).
Visualization:
If the ratio m exceeds the upper Bollinger Band (bbu), the background is colored blue with 30% opacity, indicating potential high sell pressure from miners.
Purpose: The indicator overlays on a chart to highlight periods of high miner sell pressure for Litecoin.
Data Sources:
miner_out: Fetches daily Litecoin miner outflows (amount of LTC moved out by miners) using the INTOTHEBLOCK:LTC_MINEROUTFLOWS dataset.
miner_res: Fetches daily Litecoin miner reserves (amount of LTC held by miners) using the INTOTHEBLOCK:LTC_MINERRESERVES dataset.
Calculation:
Computes a ratio m by taking the 14-day sum of miner outflows and dividing it by the 14-day simple moving average (SMA) of miner reserves.
Calculates Bollinger Bands around m:
bbl: Lower band (200-day SMA of m minus 1 standard deviation).
bbu: Upper band (200-day SMA of m plus 1 standard deviation).
Visualization:
If the ratio m exceeds the upper Bollinger Band (bbu), the background is colored blue with 30% opacity, indicating potential high sell pressure from miners.
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開源腳本
本著TradingView的真正精神，此腳本的創建者將其開源，以便交易者可以查看和驗證其功能。向作者致敬！雖然您可以免費使用它，但請記住，重新發佈程式碼必須遵守我們的網站規則。
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。