TTP NVT Studio

26 mai 2023

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

30 mai 2023

Notes de version

Added support for alerts and look tweaks, enjoy 🦜

10 juil. 2023

Notes de version

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

12 août

Notes de version

QUANDL was removed from tradingview.
We were using this data source to pull their BTC market cap and estimated transaction volume for BTC but unfortunately is no longer available.

For now I'll be using data from coin metrics since its the closest it can get to the actual NVT chart while I investigate better options, ask other NVT authors what are they currently using, etc.

We need a good source of "Estimated Transaction Volume in USD". We were using 'QUANDL:BCHAIN/ETRVU' symbol.