OPEN-SOURCE SCRIPT
Simple BTC Valuation
This indicator provides a composite analysis of Bitcoin's market and sentiment conditions by combining multiple fundamental, technical, and sentiment indicators into a single average z-score. The z-score measures how far a data point is from its historical average in terms of standard deviations, making it easier to identify extreme values.
Additionally, it incorporates a visual cue for global liquidity conditions with background coloring (green = liquidity strengthening, red = liquidity weakening).
Additionally, it incorporates a visual cue for global liquidity conditions with background coloring (green = liquidity strengthening, red = liquidity weakening).
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
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.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
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.