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SOPR Market Bands [MarktQuant]

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The "SOPR Market Bands [MarktQuant]" is an indicator that visualizes Bitcoin’s or Ethereum's Spent Output Profit Ratio (SOPR) against dynamic market bands. Displayed below the price chart, it highlights value zones and momentum shifts using colored bands and background signals.


Key Features:
Tracks daily SOPR data and calculates a long-term mean.
Derives five bands from the long-term mean to define market zones.

Value Zones:
Ultra High Value Zone: Below 97.8% of mean (🟢🟢).
High Value Zone: 97.8% to 99% (🟢).
Neutral Zone: 100% (🟡).
Low Value Zone: 100% to 101% (🟠).
Ultra Low Value Zone: Above 102.2% (🔴).


Usage:
Identify undervalued (🟢 zones) or overvalued (🔴zones) market conditions based on SOPR.
Detect momentum shifts via SOPR crossings, signaled by background colors.
Assess Bitcoin’s profit-taking or loss-taking behavior.

Purpose
Tailored for crypto traders, this indicator simplifies SOPR analysis into a clear, banded framework, helping spot high-value opportunities and market extremes efficiently.

Source of the SOPR Data : GLASSNODE
Nota Keluaran
Color update for easier interpretations

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.