PROTECTED SOURCE SCRIPT
FR(%) - Bitcoin Fee Ratio
Bitcoin Fee Ratio [FR(%)] is a BTC specific study aiming to replace the ever-misleading ‘market capitalization’ (marketcap).
It answers to the following question:
“If block rewards disappeared tomorrow what percentage of [BTC’s] economic volume would we have to pay in fees to replace them”
A low FR means that users can transact securely while simultaneously paying a minimal % of each transaction as a fee.
Conversely, a high FR means that users have to pay a high % of each transaction as a fee in order to transact securely.
User notes:
Credit for this idea goes to Matteo Leibowitz: medium.com/@matteoleibowitz
Based on the story: medium.com/coinmonks/introducing-fee-ratio-multiple-frm-1eada9ac9bec
You're welcome to add it to your charts. Hope you find it useful!
It answers to the following question:
“If block rewards disappeared tomorrow what percentage of [BTC’s] economic volume would we have to pay in fees to replace them”
A low FR means that users can transact securely while simultaneously paying a minimal % of each transaction as a fee.
Conversely, a high FR means that users have to pay a high % of each transaction as a fee in order to transact securely.
User notes:
- This study only plots in Bitcoin charts.
- It plots in Daily, Weekly and Monthly time frames.
- It doesn't render in intraday charts.
- The FR value is expressed in relative (%) terms.
Credit for this idea goes to Matteo Leibowitz: medium.com/@matteoleibowitz
Based on the story: medium.com/coinmonks/introducing-fee-ratio-multiple-frm-1eada9ac9bec
You're welcome to add it to your charts. Hope you find it useful!
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I develop indicators meant to be useful, profitable and good looking.
Aviso legal
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Script protegido
Esse script é publicada como código fechado. No entanto, você pode gerenciar suas escolhas de bate-papo. Por favor, abra suas Configurações do perfil
I develop indicators meant to be useful, profitable and good looking.
Aviso legal
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.