Realized price for BTC, ETH, LTC

This script calculates the realized price of BTC/ETH/LTC and shows a signal when the market price falls below the realized price - which can be signal a for potential market bottom. The realized price calculation is based on Glassnode data MVRV ratio.

- Realized Price is the average price of the Bitcoin supply, valued at the day each coin last transacted on-chain. This is often considered the 'on-chain cost basis' of the market.

- MVRV Ratio is the ratio between the market value (MV, spot price) and the Realized value (RV, realized price), allowing for a visualization of Bitcoin market cycles, and profitability.

Calculations:
REALIZED PRICE = REALIZED MARKET CAP / CIRCULATION SUPPLY
REALIZED MARKET CAP = 1 / MVRV * MARKET CAP

It's working with BTCUSD, ETHUSD, LTCUSD tickers only.

Release Notes

I added price bands and change Realized Price to EMA30 (orange color) from it.

Lower Bands (green color)
-70% from Realized price
-50% from Realized price
-30% from Realized price

Upper Bands (red color)
200% from Realized price
300% from Realized price
400% from Realized price
500% from Realized price

And signals added when price cross bands.

Check how it works.

Release Notes

I added possibility to chose EMA length and added support for more coins.
Circulating supply takes from Glassnode or IntoTheBlock.   Signals were fixed.

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.

baal_hadad

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

baal_hadad