Bitcoin Real Volume

Bitcoin’s Real Volume

An accurate read on the change in Bitcoin’s volume profile over time.

Based on 2019 reports by Bitwise and Alameda Research.

Please see the script code notes for assumptions and details on data selection.

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Release Notes: Added option to compare volume with on-chain transaction data (see options under: "Ratios")
Release Notes: Added Kraken XBTUSD PERP Contracts to Derivatives Volume (just added to TradingView over the weekend).
Release Notes: Removed non-USD(T) pairs due to their low volume and delisting.
Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

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any way to make it work on lower time frame? for me only works on day and above
thanks in advance
+2 Reply

Thanks a lot for this indicator
Would it be better to blockchain ratio using ? The reason would be to capture the candle mid-point or average price. A strong bull bar that closes near its high is going to count all the volume at the high, when the volume actually occurred at lower prices. Just a thought. This is a great multi-exchange volume script =)
kurtsmock kurtsmock
@kurtsmock, Screwed that comment up: "Would it be better to determine the blockchain ratio using OHLC4?"

Also, I noticed this script is trying to describe dollar volume. That makes using OHLC4 even more important I think.
It doesn't seem to work for me... it is just blank :(
Possibly the most interesting Bitcoin chart ever. Thank you for this awesome contribution. Much appreciate.
I was just thinking about how nice something like this would be
mosstone mosstone
It says unsupported resolution :p
nice man
Thank you @webapp!
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