PROTECTED SOURCE SCRIPT
Atualizado CVDD + Terminal Price Indicator + Z-SCORE
This custom indicator is designed to help identify major overvaluation and undervaluation zones in Bitcoin's market cycles by analyzing price behavior relative to long-term on-chain benchmarks.
It leverages two well-known valuation models — CVDD (Cumulative Value Days Destroyed) and Terminal Price — to define a dynamic valuation range that adapts over time. These reference points are combined with a custom Z-score framework to evaluate how extended price is compared to long-term value zones.
The result is a normalized oscillator that highlights extremes in market sentiment, ranging from –3 (potential deep value) to +3 (potential overheated conditions), with a gradient color scale for quick visual interpretation.
This tool is especially useful for long-term investors and macro analysts seeking signals of potential market tops and bottoms based on deep on-chain behavior — rather than short-term technicals.
It leverages two well-known valuation models — CVDD (Cumulative Value Days Destroyed) and Terminal Price — to define a dynamic valuation range that adapts over time. These reference points are combined with a custom Z-score framework to evaluate how extended price is compared to long-term value zones.
The result is a normalized oscillator that highlights extremes in market sentiment, ranging from –3 (potential deep value) to +3 (potential overheated conditions), with a gradient color scale for quick visual interpretation.
This tool is especially useful for long-term investors and macro analysts seeking signals of potential market tops and bottoms based on deep on-chain behavior — rather than short-term technicals.
Notas de Lançamento
This custom indicator is designed to help identify major overvaluation and undervaluation zones in Bitcoin's market cycles by analyzing price behavior relative to long-term on-chain benchmarks.It leverages two well-known valuation models — CVDD (Cumulative Value Days Destroyed) and Terminal Price — to define a dynamic valuation range that adapts over time. These reference points are combined with a custom Z-score framework to evaluate how extended price is compared to long-term value zones.
The result is a normalized oscillator that highlights extremes in market sentiment, ranging from –3 (potential deep value) to +3 (potential overheated conditions), with a gradient color scale for quick visual interpretation.
This tool is especially useful for long-term investors and macro analysts seeking signals of potential market tops and bottoms based on deep on-chain behavior — rather than short-term technicals.
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Esse script é publicada como código fechado. No entanto, você pode usar ele livremente e sem nenhuma limitação – saiba mais aqui.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.
Script protegido
Esse script é publicada como código fechado. No entanto, você pode usar ele livremente e sem nenhuma limitação – saiba mais aqui.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.