NVT Signal (NVTS) is a modified version of the NVT Ratio which improves the ratio to better function as a leading indicator.

NVT Signal (NVTS) is a modified version of the original NVT Ratio. It uses a 90 day moving average of the daily transaction volume in the denominator instead of the raw daily transaction volume.

This moving average improves the ratio to better function as a leading indicator.

NVT Signal is simply a variation on the NVT Ratio, using the 90 day moving average of daily transaction volume in the denominator instead of the raw daily transaction volume.

$\textrm{NVT Signal} = \frac{
\textrm{Market Cap}~{\color{gray}{{[\textrm{USD}]}}}
}{
\textrm{Transaction Volume}~{\color{gray}{{[\textrm{USD}]}}}~{\color{gray}{\textrm{(90 day moving average)}}}
}$

Dmitry Kalichkin

February 2018

Dmitry Kalichkin - Rethinking Network Value to Transactions (NVT) Ratioâ€‹