TTP NVT Studio — Indicator by TheTradingParrot

fundamental movingaverage relativestrengthindex onchainanalysis networkvaluetotransaction nvt bitcoin btc

NVT Studio is an indicator that aims to find areas of reversal of the Bitcoin price based on the extreme areas of Network Value Transaction.

Instructions:
- We recommend using it on

BTCUSD
- Use the daily or weekly timeframe

The indicator works as an oscillator and offers to visualisation modes.

1) Showing the short term oscillations of NVT showing signals in potential areas of reversal.
2) The actual value of NVT displayed. When in green is an area of value and in red when its overextended.

This indicator can be used based on the signals or based on breakouts of trend lines drawn in the oscillator mode.

Red/green dots: signal type 1 - extremes with confirmation, these might trigger late
Yellow/Orange: signal type 2 - extremes without confirmation, might trigger too soon

Release Notes:

Added support for alerts and look tweaks, enjoy 🦜

Release Notes:

Support for using a single alert to send all events by using the "any alert function call".

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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.

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.

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