Bitcoin NVT Signal

source: charts.woobull.com
.

Notes about NVT Signal

NVT Signal (NVTS) is a derivative of NVT Ratio by Dimitry Kalichkin which provides more emphasis on predictive signaling ahead of price peaks.

Liquid, Bitcoin`s first sidechain, went live 10 Oct 2018, taking volume off the main chain. NVTS will need recalibration.

Calculation

NVTS = Network Value / 90d MA of Daily Transaction Value.

This differs from Standard NVT Ratio which is simply the Network Value divided by Daily Transaction Value, and then interpolated using forward/backward moving averages to create a smooth line.

Data Source

Data for Network Value and the USD value transmitted by the blockchain via Blockchain.com. The value transmitted by the blockchain is an estimation using Blockchain.com`s undisclosed proprietary estimation method.

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