I'm reposting the NVT indicator that was originally available for public use in TradingView.
NVT Signal is a Bitcoin-specific study to get a view on data flowing through the blockchain.
It has been used to predict tops in Bitcoin price.
I've set up this indicator for it to be possible to base the calculations on custom:
Transaction Periods
Overbought levels
Oversold levels
The indicator plots in any BTCUSD spot, futures, BLX index and BTCEUR.
It paints in intraday time frames, but Daily time frame is the correct one to interpret the 'official' read of it.
For that reason, I've enabled by default an option that forces the NVT to display the Daily value even though the time frame could be higher or lower.
Please consider unchecking this setting if you'd like to experiment with another type of reads (i.e. in weekly time frame).
Additionally, it allows the following settings:
Signal Line Plot. Added the possibility to plot a Signal Line based on EMA.
Signal Line Cross. Show/Hide Crosses with the Signal Line.
Alerts based on Signal Line. Predefined Tradingview Alerts on the Cross of the Signal Line. *OverBought Background. Highlight the background based on OB Condition. *OverBought Alert. Predefined Tradingview Alerts based on OB Condition. *OverSold Background. Highlight the background based on OS Condition. *OverSold Alert. Predefined Tradingview Alerts based on OS Condition.
Hello is there a Alarm for the switch from red to white? maybe i cant find it bc i dont know how this is called.. thx for an answer ciao
rayshen0411
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this indicator can not use for current tradingview chart, can you update it,?
AugustoHoPe
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Hi, why is there such a big different between this indicator and the glassnode value. Ex: Glassnode now it indicates roughly 24 while the indicator is around 280. Thanks!
GunTotnHippie
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Very cool! How can this be applied to XVG (Verge)? If it can't can you make one for Verge?
MrBetonBlocks
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Great work, love being able to see NVT on TV instead of GN or CQ, but...
NVT and NVT signal are not Bitcoin specific. The indicators on Trading View that show NVT and NVT-S are asset specific but only because they cannot call different data for different tickers (not easily at least). NVT is effectively the crypto asset worlds version of a PE ratio (Price to Earnings), and is pretty useful when looking for over/under valued coins. You can find the NVT and NVT-S for all the assets on Glassnode, and WooBull has a very good explanation of what it is.
cryptomass125
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Can the volume feed from blockchain be fixed?
cryptomass125
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Do you what happened to the indicator now(28 jan 20)? I see a massive rejection like a sudden fall out
cryptomass125
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I mean the long green line
Cryptic_Insight
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@cryptomass125, I was just looking at the same thing. Its happening on the wookalich ratio indicator as well.
cryptomass125
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@Cryptic_Insight, yeah on all the nvt indicators. Not sure if it can be fixed.