The goal of this indicator is to detect when Bitcoin is near it's cycle bottom or cycle top using primarily the MVRV Z-score. Puell Multiple is also a great indicator but doesn't fit as well onto Z-Score thresholds (it's more volatile). The indicator will flash green when Bitcoin is at cycle lows & red when Bitcoin is at cycle tops. What is MVRV Z-Score? ...
Descriptions: The MVRV Z-Score indicator is a powerful tool designed by original authors Murad Mahmudov and David Puell for BTC to help traders make informed decisions about their cryptocurrency investments. It is based on the MVRV (Market Value to Realized Value) metric, which measures the relationship between the market capitalization and the realized...
The MVRV ratio was created by Murad Mahmudov & David Puell. It simply compares Market Cap to Realised Cap, presenting a ratio (MVRV = Market Cap / Realised Cap). The MVRV Z-Score is a later version, refining the metric by normalising the peaks and troughs of the data.