It is an onchain oscillator and is designed to operate at weekly timeframes and is only for Bitcoin. Network Value to Metcalfe Ratio (NVM Ratio) is defined as the ratio of the log of market capitalization divided by the log of the square of daily active addresses in the specified window. This oscillator evaluates bitcoin price according to the Metcalfe Ratio to shows whether the current value of Bitcoin is higher or lower than the real price I made this comparison using a moving average of 100. The areas that are red in the weekly timeframe indicate that bitcoin is Overvalued. and The areas that are blue in the weekly timeframe indicate that bitcoin is undervalued.