OPEN-SOURCE SCRIPT
DOGE MVRV Z-Score
The MVRV-Z score is a relative indicator, which is the "circulating market value" of Dogecoin minus the "realized market value", and then standardized by the standard of the circulating market value. The formula is:
MVRV-Z Score = (circulation market capitalization - realized market capitalization) / Standard Deviation (circulation market capitalization)
The "realized market value" is based on the value of transactions on-chain, calculating the sum of the "last movement value" of all Dogecoins on the chain. Therefore, when this indicator is too high, it means that the market value of Dogecoin is overvalued relative to its actual value, which is detrimental to the price of Dogecoin; otherwise, it means that the market value of Dogecoin is undervalued. According to past historical experience, when this indicator is at a historical high, the probability of a downward trend in Dogecoin prices increases, and attention should be paid to the risks of chasing higher prices.
MVRV-Z Score = (circulation market capitalization - realized market capitalization) / Standard Deviation (circulation market capitalization)
The "realized market value" is based on the value of transactions on-chain, calculating the sum of the "last movement value" of all Dogecoins on the chain. Therefore, when this indicator is too high, it means that the market value of Dogecoin is overvalued relative to its actual value, which is detrimental to the price of Dogecoin; otherwise, it means that the market value of Dogecoin is undervalued. According to past historical experience, when this indicator is at a historical high, the probability of a downward trend in Dogecoin prices increases, and attention should be paid to the risks of chasing higher prices.
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Skrip sumber terbuka
Dalam semangat TradingView sebenar, pencipta skrip ini telah menjadikannya sumber terbuka, jadi pedagang boleh menilai dan mengesahkan kefungsiannya. Terima kasih kepada penulis! Walaupuan anda boleh menggunakan secara percuma, ingat bahawa penerbitan semula kod ini tertakluk kepada Peraturan Dalaman.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.