BTC: aMVRV Overheated Signal

BTC: Adjusted Market Value to Realised Value (aMVRV) Overheated Signal

Calculation:
Adjusted MVRV is calculated by the 30 day moving average divided by the 365 day moving average of MVRV.

Function:
When the aMVRV is above the upper threshold line (default = 1.4), this signals an overheated market of unrealised gains. This may indicate that market participants are more likely to start taking profits.

Best Use:
On the 1D Chart. Used in combination with a variety of other tools for analysis to identify overheated market conditions.