Simple script that graphically represents the Bitcoin Cost Per Transaction. Blockchain data made available at QUANDL. Its logic is simple, search the data in the QUANDL database and plot it on the chart.
Description: Whale: Whale utilizing discounted prices (increasing on-chain volume & decreasing price) Recovering: Positive momentum in price after potential whale activity Cycle Volume Support: The transaction volume support during a cycle What’s the best time to invest? After institutions make up their mind at low price levels. How’s on-chain volume related...
Blockchain Fundamentals - TAAR (Network Transaction Vol : Active Address Ratio) by Cryptorhythms Link to Instructions Page / Idea will be linked below. Q: Why are we separating instructions from the indicator page? A: Well Tradingview recently instituted a change that only open source script authors can gain rep for their efforts. Any script that is...
The Bitcoin Number of Transactions plots the amount of transactions registered on-chain on a daily basis.
The Bitcoin On-Chain Volume is a reflection of the transactional volume registered in the blockchain. The indicator can show the value either in BTC or USD.
The Bitcoin Transaction Fees is the fee value that miners earn on a daily basis. The indicator can show the value either in BTC or USD.
The Bitcoin Relative Cost of Transaction shows the miners' revenue as a percentage of the transaction volume registered in the block.
The Bitcoin Cost per Transaction (USD) is the result of dividing the miners' revenue (Block Reward + Transaction Fees) between the number of transactions per block. Here is an example with made up numbers: Block reward is 12.5 BTC + 0.5 BTC in transaction fees. There are 2700 transactions in the block. Current exchange rate is 5700 USD/BTC. (12.5 BTC + 0.5...
Understanding Block Transactions Block transactions are transactions that are of a significantly high value. This can be a transaction of any security that is large enough to have an impact on the market price and cause a flow-on effect of investment that will ensue. Block transactions are significant because the party who initiated the transaction is likely to...
Here is the Version 2 of the TVI indicator posted earlier. This is inspired from the Value Charts Indicator. Version 1
Version 1 - Updates include Better Optimization on the levels. Plotting only the important Highs and Lows The extremes can be an important pivot levels. Over and Undervalue - Gray (Column - close) (Histogram - High/Low) Extreme conditions - Red Extreme Alerts and Overlay will be added later.
This is an indicator, That works great in a wip-saw market range. Would not use this to trade in a breakout. I am calling it the "Transaction Value Index (UCS_TVI)", The reason is because, it measure where the price currently from the mean trade value. The cross represents the highest trade value on that day, circle represents the lowest trade value. In other...