BTC Indicators
Bitcoin Macro Oscillator (BMO)
About this metric
BMO = f(MVRV, VWAP Ratio, CVDD Ratio, Sharpe Ratio). MVRV = Market Cap / Realized Cap; VWAP Ratio ≈ Price / Realized Price; CVDD Ratio = Price / CVDD Price; Sharpe = Annualized Return / Annualized Volatility. The official formula is not public; a common community approximation is BMO ≈ [Z(MVRV) + Z(Price/Realized Price) + Z(Price/CVDD) + Z(Sharpe)] / 4, where Z(x) = (x − μ) / σ.
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