OPEN-SOURCE SCRIPT
Master Litecoin Network Growth Bands
The "Master Litecoin Network Growth Bands" indicator (Pine Script v5) plots 26 horizontal bands on the Litecoin price chart (VANTAGE:LTCUSD) by dividing IntoTheBlock’s total Litecoin addresses by divisors (400 to 20,000,000). Each band (Band1 to Band26) is drawn with a white, thin line (linewidth=1), showing network growth relative to price to help identify support, resistance, or valuation levels. Note that this indicator does not include addresses on Litecoin’s MWEB (MimbleWimble Extension Blocks).
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.