OPEN-SOURCE SCRIPT
DOGE MVRV Z-Score
The MVRV-Z score is a relative indicator, which is the "circulating market value" of Dogecoin minus the "realized market value", and then standardized by the standard of the circulating market value. The formula is:
MVRV-Z Score = (circulation market capitalization - realized market capitalization) / Standard Deviation (circulation market capitalization)
The "realized market value" is based on the value of transactions on-chain, calculating the sum of the "last movement value" of all Dogecoins on the chain. Therefore, when this indicator is too high, it means that the market value of Dogecoin is overvalued relative to its actual value, which is detrimental to the price of Dogecoin; otherwise, it means that the market value of Dogecoin is undervalued. According to past historical experience, when this indicator is at a historical high, the probability of a downward trend in Dogecoin prices increases, and attention should be paid to the risks of chasing higher prices.
MVRV-Z Score = (circulation market capitalization - realized market capitalization) / Standard Deviation (circulation market capitalization)
The "realized market value" is based on the value of transactions on-chain, calculating the sum of the "last movement value" of all Dogecoins on the chain. Therefore, when this indicator is too high, it means that the market value of Dogecoin is overvalued relative to its actual value, which is detrimental to the price of Dogecoin; otherwise, it means that the market value of Dogecoin is undervalued. According to past historical experience, when this indicator is at a historical high, the probability of a downward trend in Dogecoin prices increases, and attention should be paid to the risks of chasing higher prices.
Script open-source
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Script open-source
Dans l'esprit de TradingView, le créateur de ce script l'a rendu open-source, afin que les traders puissent examiner et vérifier sa fonctionnalité. Bravo à l'auteur! Vous pouvez l'utiliser gratuitement, mais n'oubliez pas que la republication du code est soumise à nos Règles.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.