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HashCryptoCap for Bitcoin

The HashCryptoCap Script is specifically designed for Bitcoin . It works by combining Bitcoin's Hash Rate, Cryptocap and price using the following formula : hashrate / bitcoin crypto Cap * price

...to calculate if the present bitcoin price is overbought / oversold by combining these three onchain and price factors.
Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

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