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 ...
- CainMarketCap
- GlassNode
- CoinMetrics
Transaction volume as USD is taken in the following order ...
- IntoTheBlock
- CoinMetrics
- GlassNode
Happy Trading!
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。
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。