PROTECTED SOURCE SCRIPT
BTC: aSOPR Overheated Signal
BTC: Adjusted Spent Output Profit Ratio (aSOPR) Overheated Signal
Calculation:
Adjusted SOPR is calculated by the 30 day moving average divided by the 365 day moving average of SOPR.
Function:
When the aSOPR is above the upper threshold line (default = 1.01), this signals an overheated market, where participants are realising their gains.
Best Use:
On the 1D Chart. Used in combination with a variety of other tools for analysis to identify overheated market conditions.
Calculation:
Adjusted SOPR is calculated by the 30 day moving average divided by the 365 day moving average of SOPR.
Function:
When the aSOPR is above the upper threshold line (default = 1.01), this signals an overheated market, where participants are realising their gains.
Best Use:
On the 1D Chart. Used in combination with a variety of other tools for analysis to identify overheated market conditions.
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
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.
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
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.