TrendTracers Bitcoin Stock to Flow ModelFor the best results, make sure to view this indicator on a bitcoin chart with a very long history (e.g. BNC:BLX)!
This model treats Bitcoin as being comparable to commodities such as gold, silver or platinum. These are known as ‘store of value’ commodities because they retain value over long time frames due to their relative scarcity. It is difficult to significantly increase their supply i.e. the process of searching for gold and then mining it is expensive and takes time. Bitcoin is similar because it is also scarce. In fact, it is the first-ever scarce digital object to exist. There are a limited number of coins in existence and it will take a lot of electricity and computing effort to mine the remaining coins still to be mined, therefore the supply rate is consistently low.
The stock-to-flow model predicts value changes in a straightforward manner. It compares an asset’s current stock to the rate of new production, or how much is produced in a year.
Calculation:
Take bitcoin production in a period, divide it by that period and then multiply by 365 to get the estimated yearly production and then calculate the stock to flow.
yearlyFlow = ((stockChange) / period ) * 365
stockToFlow = (stock - missingBitcoins) / yearlyFlow
Model Value = -1.84ᵉ * stockToFlow³.³⁶ (mathematical model to calculate the model price)
For more information about the calculations followed: stats.buybitcoinworldwide.com
Features:
Works on the Daily, Weekly and Monthly Timeframe.
Allows you to adjust between a 10-day period and a 463-day period.
Has the option to account for missing bitcoins, lets you adjust the amount of missing bitcoins.
The ability to toggle a standard deviation of the Model Value with a multiplier of 1, 2 or 3
Displays a Stock to Flow Deviation Ratio: If the Deviation Ratio is close to 0 it means the price of Bitcoin is close to the Model Value Line(or Stock to Flow Ratio). If the Deviation Ratio is close to 1 or -1, it means the price of bitcoin is near the selected deviation levels.
You can toggle between the Overlay version and the Oscillator version, default is on Oscillator version. If you want to switch: Untick Oscillator mode in the indicator settings, click on the three dots and select "move to existing pane above". Then click on the three dots again and select Pin to scale A. Done!
As a bonus: Now you can toggle a "1-year Realized Price" graph, while it's not officially part of the Stock to Flow Model it does share similar technicals about supply and scarcity. The 1-year Realized Price is the realized market cap divided by total amount of generated coins.
I just noticed that, while the color gradient function is pretty cool, it does not allow for end users to customize their colors after applying this indicator to their chart. Sorry!
Circulating
[5F] Bitcoin Hash Rate + Miners revenue-═════════════════════════-
📋 Description :
This script display the Bitcoin' Hash Rate and the Miners revenue based on the data provided by Quandl.
Hashrate is displayed in TH/s : trillion hashes per second with an moving average.
Miners revenue is calculated by : (the number of bitcoins mined per day + transaction fees) * market price
The dates of previous halving are also displayed.
🛠 Note :
There is a multiplier on the miners revenue that you can configurate. It's only used to bring the 2 curves closer together for better visibility but the multiplier don't affect the revenue's data.
You can choose between different types of moving average for the hashrate's signal : SMA, EMA, DEMA, TEMA, WMA, VWMA or TMA.
You can show and hide each elements of the indicator
Thanks to all Pinecoders who share their work with the community.
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[5F] Total circulating Bitcoin-═════════════════════════-
📋 Description :
This script displays several informations about Bitcoin :
the maximum number of Bitcoin
number of mined BTC
number of unmined BTC
calcul them in %
shows the previous halving date
📆 Note : need to be in dayli resolution or higher
Thanks to all Pinecoders who share their work with the community.
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Bitcoin Circulating Supply Overlay [BigBitsIO]This script shows the estimated circulating supply of Bitcoin on any given day.
Features:
- Estimated Bitcoin circulating supply calculated daily
- Uses the Bitcoin reward schedule, past halving dates, and the next upcoming halving estimated date to calculate the current estimated supply.
- Optionally includes an option to use "Log Reduction" on the chart
*** DISCLAIMER: For educational and entertainment purposes only. Nothing in this content should be interpreted as financial advice or a recommendation to buy or sell any sort of security or investment including all types of crypto. DYOR, TYOB. ***
