PROTECTED SOURCE SCRIPT
Actualizado CVDD + Terminal Price Indicator + Z-SCORE
This custom indicator is designed to help identify major overvaluation and undervaluation zones in Bitcoin's market cycles by analyzing price behavior relative to long-term on-chain benchmarks.
It leverages two well-known valuation models — CVDD (Cumulative Value Days Destroyed) and Terminal Price — to define a dynamic valuation range that adapts over time. These reference points are combined with a custom Z-score framework to evaluate how extended price is compared to long-term value zones.
The result is a normalized oscillator that highlights extremes in market sentiment, ranging from –3 (potential deep value) to +3 (potential overheated conditions), with a gradient color scale for quick visual interpretation.
This tool is especially useful for long-term investors and macro analysts seeking signals of potential market tops and bottoms based on deep on-chain behavior — rather than short-term technicals.
It leverages two well-known valuation models — CVDD (Cumulative Value Days Destroyed) and Terminal Price — to define a dynamic valuation range that adapts over time. These reference points are combined with a custom Z-score framework to evaluate how extended price is compared to long-term value zones.
The result is a normalized oscillator that highlights extremes in market sentiment, ranging from –3 (potential deep value) to +3 (potential overheated conditions), with a gradient color scale for quick visual interpretation.
This tool is especially useful for long-term investors and macro analysts seeking signals of potential market tops and bottoms based on deep on-chain behavior — rather than short-term technicals.
Notas de prensa
This custom indicator is designed to help identify major overvaluation and undervaluation zones in Bitcoin's market cycles by analyzing price behavior relative to long-term on-chain benchmarks.It leverages two well-known valuation models — CVDD (Cumulative Value Days Destroyed) and Terminal Price — to define a dynamic valuation range that adapts over time. These reference points are combined with a custom Z-score framework to evaluate how extended price is compared to long-term value zones.
The result is a normalized oscillator that highlights extremes in market sentiment, ranging from –3 (potential deep value) to +3 (potential overheated conditions), with a gradient color scale for quick visual interpretation.
This tool is especially useful for long-term investors and macro analysts seeking signals of potential market tops and bottoms based on deep on-chain behavior — rather than short-term technicals.
Script protegido
Este script se publica como código cerrado. Sin embargo, puede utilizarlo libremente y sin limitaciones: obtenga más información aquí.
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.
Script protegido
Este script se publica como código cerrado. Sin embargo, puede utilizarlo libremente y sin limitaciones: obtenga más información aquí.
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.