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MVRV and RSI Std Dev

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This indicator provides a comprehensive, long-term view of market risk and opportunity for Bitcoin by combining fundamental on-chain data with classic momentum analysis.

How It Works:

The oscillator's value is calculated by multiplying two key metrics:

MVRV Ratio: An on-chain metric that indicates if the market price is "fair," "overvalued," or "undervalued" relative to the average price at which all coins last moved.

Weekly RSI: The standard Relative Strength Index on a weekly timeframe to measure long-term market momentum and identify overbought/oversold conditions.

Key Features:

Adaptive Risk Bands: Instead of fixed "overbought/oversold" levels, this indicator uses dynamic bands based on a long-term 4 year moving average and standard deviation. These bands automatically adjust to the market's changing volatility and cyclical nature, ensuring the risk/reward zones remain relevant over time.

Gradient Coloring: The oscillator line is colored on a smooth gradient from deep green (high reward/low risk) to bright red (high risk/low reward). This provides an intuitive, at-a-glance visualization of the market's "temperature."

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