Crypto Neo - Blockchain Momentum (BTC Settings)

The Crypto Neo - Blockchain Momentum indicator analyzes Bitcoin’s on-chain activity to gauge bullish or bearish trends. It combines multiple on-chain metrics and applies different moving average strategies to assess Bitcoin’s momentum.

This indicator is designed to track key blockchain data sources, such as:

• Hash Rate
  
• Active Addresses
  
• Transactions per Second
  
• New Addresses
  
• Trader Behavior
  
• Long-Term Holders (Cruisers)
  
• Money Flow In/Out
  
• Large Transactions Count
  

It processes these inputs using various Moving Average (MA) types, including SMA, EMA, DMA, to generate a Bullish Momentum Score, which is visually displayed on the chart.

How to Use:

1. Select MA Type – Choose between SMA, EMA, MIXMA, or DMA to determine how moving averages are applied.
   
2. Set MA Lengths – Adjust MA1 Length and MA2 Length to define short-term vs. long-term trend comparison.
   
3. Customize Data Sources – Select different on-chain metrics for the indicator to analyze.
   
4. Interpret the Bullish Momentum Score:
   🟢 Green (Strong Bullish Momentum) – Bullish on-chain signals dominate.
   🟡 Yellow (Moderate Bullish Momentum) – Weak bullish trend forming.
   ⚪ White (Neutral) – No clear trend.
   🟠 Orange (Moderate Bearish Momentum) – Weak bearish signals emerging.
   🔴 Red (Strong Bearish Momentum) – Bearish on-chain signals dominate.
   

Important Notes
* This indicator does not generate trading signals but helps interpret blockchain trends for informed decision-making.
* Since it relies on daily on-chain data, it is best used on the 1D timeframe for accurate readings.
* Real-time calculations may vary slightly due to different bar update behaviors.


This indicator is very useful to confirm market turns early. Here are a few an example setups:
1. Back in 2019 on chain metrics started trending up after the market had dumped signaling a very good opportunity to buy.


2. During the 2021 bull market. When the market was forming a top, the on chain metrics started trending down indicating a risk to the downside.