SOPR Market Bands [MarktQuant]
Key Features:
Tracks daily SOPR data and calculates a long-term mean.
Derives five bands from the long-term mean to define market zones.
Value Zones:
Ultra High Value Zone: Below 97.8% of mean (🟢🟢).
High Value Zone: 97.8% to 99% (🟢).
Neutral Zone: 100% (🟡).
Low Value Zone: 100% to 101% (🟠).
Ultra Low Value Zone: Above 102.2% (🔴).
Usage:
Identify undervalued (🟢 zones) or overvalued (🔴zones) market conditions based on SOPR.
Detect momentum shifts via SOPR crossings, signaled by background colors.
Assess Bitcoin’s profit-taking or loss-taking behavior.
Purpose
Tailored for crypto traders, this indicator simplifies SOPR analysis into a clear, banded framework, helping spot high-value opportunities and market extremes efficiently.
Source of the SOPR Data : GLASSNODE
Invite-only script
Only users approved by the author can access this script. You'll need to request and get permission to use it. This is typically granted after payment. For more details, follow the author's instructions below or contact MarktQuant directly.
Note that this private, invite-only script has not been reviewed by script moderators, and its compliance with House Rules is undetermined. TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.
Author's instructions
📊 whop.com/marktquant
🌐 marktquant.com
Nothing shared on this page constitutes financial advice. All information, tools, and analyses are provided solely for informational and educational purposes.
Disclaimer
Invite-only script
Only users approved by the author can access this script. You'll need to request and get permission to use it. This is typically granted after payment. For more details, follow the author's instructions below or contact MarktQuant directly.
Note that this private, invite-only script has not been reviewed by script moderators, and its compliance with House Rules is undetermined. TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.
Author's instructions
📊 whop.com/marktquant
🌐 marktquant.com
Nothing shared on this page constitutes financial advice. All information, tools, and analyses are provided solely for informational and educational purposes.