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This script plots multiple shapes using the plotshape function in Pine Script v4. It defines fixed y offsets at intervals of 20 and renders flags, squares, diamonds, triangles up, and circles in sizes from tiny to huge. All shapes appear at absolute locations
Indicator · Pine Script v6 · Own pane
MVRV Regime Monitor
MVRV Regime Monitor is a separate-pane indicator for Bitcoin.
GitHub stars1on the repository
Pine versionv6current
Lines of code130
Settings7inputs
LicenceCustom licence
Last update5 months ago17 May 2026
Add It to Your TradingView Chart
- 1Copy the scriptPress Copy script above. It reads the file straight from GitHub.
- 2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
- 3Paste over the templateCreate a new indicator, select all of the template text and paste. Press Save and give it a name.
- 4Add it to the chartPress Add to chart, then adjust the settings with the gear icon next to its name.
Source Code
The code stays on GitHub. The author has not published this script under an open licence, so ForexR does not show its code. Copy script reads the file straight from GitHub into your clipboard, so you can still try it on your own chart. Ask the author before reusing the code anywhere else.
Overview
MVRV Regime Monitor reads the free daily MVRV series from the IntoTheBlock feed on TradingView and compares it with four adjustable thresholds for entry, neutral, exit and euphoria zones. The background can be coloured by regime and a label shows the current regime. Optional cycle hint markers are available. The author states that it describes where Bitcoin sits in its cycle, is not a signal generator, applies to Bitcoin only and has very few historical events behind it.
- Daily BTC MVRV regime display
- Four adjustable threshold zones
- Regime background colouring and label
- Stated scope and limits in tooltips
Details
Published by
lonelyobserver0 on GitHub
Type
Indicator, Pine Script v6
Draws
Separate pane below the chart
Category
Support & resistance
Markets
Crypto
Timeframes
H4 and above
Risk Notes
No repainting, lookahead or stacked entries were found in its code or README. That says nothing about how well it works: test it first.
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Entry zone (MVRV <) | float | 1.0 | thrEntry |
| Accumulation / neutral upper | float | 2.0 | thrAccum |
| Exit zone (MVRV >) | float | 2.5 | thrExit |
| Euphoria zone (MVRV >) | float | 3.5 | thrEuph |
| Color background by regime | bool | true | showBg |
| Show current regime label | bool | true | showLbl |
| Show cycle hint markers (Paid: precise annotations) | bool | false | showHist |
Third-party code. ForexR did not write, test or endorse this script, and the summary above was generated automatically from its code and README. Indicators describe the past, and a strategy's backtest can look better than live trading, especially when a script repaints. Check it in the Strategy Tester and on a demo account before you rely on it.
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