PROTECTED SOURCE SCRIPT
SOPR
SOPR
The Spent Output Profit Ratio (SOPR) is an advanced on-chain indicator that measures the ratio between the combined USD value of all Bitcoin outputs spent on a given day and their combined USD value at the time of creation. SOPR offers a window into aggregate seller behavior, effectively representing the USD amount received by sellers divided by the USD amount they originally paid.
Features
This script offers several customizable inputs, enabling traders to tailor the indicator to their preferences. Traders can adjust the thresholds to define the sensitivity of overbought and oversold conditions.
It has 10 available color schemes to choose from and the background coloring on the chart can be toggled on and off.
Practical Applications
This indicator is designed for traders who focus on identifying cycle extremes and potential mean reversion opportunities.
Detecting Overbought and Oversold Conditions: The indicator measures how far the price has deviated from its norm, allowing traders to identify overbought or oversold conditions with precision.
Timing Market Reversals: The indicator provides early signals of potential market reversals by highlighting when the price has moved too far away from its average, helping traders anticipate reversion opportunities.
The Spent Output Profit Ratio (SOPR) is an advanced on-chain indicator that measures the ratio between the combined USD value of all Bitcoin outputs spent on a given day and their combined USD value at the time of creation. SOPR offers a window into aggregate seller behavior, effectively representing the USD amount received by sellers divided by the USD amount they originally paid.
Features
This script offers several customizable inputs, enabling traders to tailor the indicator to their preferences. Traders can adjust the thresholds to define the sensitivity of overbought and oversold conditions.
It has 10 available color schemes to choose from and the background coloring on the chart can be toggled on and off.
Practical Applications
This indicator is designed for traders who focus on identifying cycle extremes and potential mean reversion opportunities.
Detecting Overbought and Oversold Conditions: The indicator measures how far the price has deviated from its norm, allowing traders to identify overbought or oversold conditions with precision.
Timing Market Reversals: The indicator provides early signals of potential market reversals by highlighting when the price has moved too far away from its average, helping traders anticipate reversion opportunities.
Script protégé
Ce script est publié en source fermée. Cependant, vous pouvez l'utiliser librement et sans aucune restriction – pour en savoir plus, cliquez ici.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Script protégé
Ce script est publié en source fermée. Cependant, vous pouvez l'utiliser librement et sans aucune restriction – pour en savoir plus, cliquez ici.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.