Indicator Overview
The Active Address Sentiment Indicator (AASI) analyzes the relationship between Bitcoin’s price movements and active addresses. It looks at the 28-day Rate of Change (RoC) of both active addresses and Bitcoin’s price. It also uses standard deviation bands to help identify overbought and oversold market conditions.
How To Use This Indicator
When the RoC of active addresses (grey line) exceeds the Upper Bound, it may indicate overbought conditions. When the RoC of active addresses drops below the Lower Bound, it may signal oversold conditions.
Created By
Alpha Extract in September 2024