# On-Chain Analysis On-Chain Analysis is an indicator on [Vela](https://vela.luxalgo.com/chart), our next-generation charting platform, written in Pine Script®. On-Chain Analysis plots blockchain fundamentals beneath a crypto chart: wallet profitability, exchange and miner flows, on-chain volume, active addresses, MVRV, TVL, social sentiment, holder composition, and more. One selectable metric at a time, with smoothing and a signal line. For crypto traders who want network evidence behind every price move. - Indicator in the LuxAlgo Library, by LuxAlgo, published Jan 8, 2025. - Access: free. - Concepts: [On-chain Valuation Suite](https://www.luxalgo.com/library/concept/on-chain-valuation-suite/) (primary), [Exchange & Stablecoin Flows](https://www.luxalgo.com/library/concept/exchange-and-stablecoin-flows/) - Open on Vela: https://vela.luxalgo.com/chart?pineScriptCodeId=cmpwn47sc005wvhsgcsogkwsf - Page: https://www.luxalgo.com/library/indicator/on-chain-analysis/ **On-Chain Analysis** puts the blockchain's own ledger beneath your crypto chart, drawing on the [on-chain valuation suite](https://www.luxalgo.com/library/concept/on-chain-valuation-suite/) rather than price alone. Pick one metric at a time (wallet profitability, exchange or miner flow, on-chain volume, market capitalization and dominance, active addresses, total value locked, MVRV, social sentiment, or holder composition; developer activity appears in the dashboard) and study network reality next to the tape. ## How to Trade the On-Chain Analysis? - **Wallet profitability and social sentiment**: read the crowd's mood and anticipate where profit-taking pressure may build. - **[Exchange flows](https://www.luxalgo.com/library/concept/exchange-and-stablecoin-flows/) and miner flows**: heavy inflows can precede selling pressure, sustained outflows lean toward accumulation, and quiet miner wallets signal confidence. - **On-chain volume and active addresses**: gauge genuine network usage and adoption behind the ticker. - **Holder composition**: whale-concentrated supply predisposes a market to sharp moves, institutional weight suggests longer-horizon conviction, and heavy retail participation tends to add volatility. A smoothing input and an optional signal line turn raw series into readable trends and crossovers, while the on-chart dashboard keeps headline statistics in view. One practical caveat carries over from the data itself: on-chain coverage can be restricted for certain cryptocurrencies. ## On-Chain Analysis Settings - **On-Chain Data**: selects which metric is plotted, from Wallet Profitability through Exchange Flow and beyond. - **Smoothing**: tempers the raw series for trend clarity. - **Signal Line**: SMA, EMA, or RMA with an adjustable length, or none at all. - **On-Chain Stats** and **Dashboard**: toggle the statistics display and set its size, position, and colors. ## Frequently Asked Questions ### Which metric should I start with? MVRV is the classic valuation check, comparing market value against realized value to frame over- or undervaluation, while exchange flow speaks directly to near-term buy and sell pressure. Rotate through metrics one at a time: the indicator plots only the selected metric (some, like wallet profitability or exchange flow, as a few related series), which keeps each reading unambiguous. ### How does it relate to On-Chain Signals? [On-Chain Signals](https://www.luxalgo.com/library/indicator/on-chain-signals/) compresses four fixed metrics into a single bullish-or-bearish bias gauge; On-Chain Analysis is the microscope, letting you plot any one metric in depth. Run the gauge for the verdict and this tool for the evidence. ### How can I access the On-Chain Analysis indicator? Free, through the LuxAlgo Library. Because it is a free release, you can also open and run it in Quant, our coding agent, straight from this page. You can also copy the source code from this page and run it anywhere Pine Script® runs. ## Related indicators - [On-Chain Signals](https://www.luxalgo.com/library/indicator/on-chain-signals/) (On-chain Valuation Suite): markdown at https://www.luxalgo.com/library/indicator/on-chain-signals.md - [Crypto Wallets Profitability & Performance](https://www.luxalgo.com/library/indicator/crypto-wallets-profitability-performance/) (On-chain Valuation Suite): markdown at https://www.luxalgo.com/library/indicator/crypto-wallets-profitability-performance.md - [Stablecoin Dominance](https://www.luxalgo.com/library/indicator/stablecoin-dominance/) (Exchange & Stablecoin Flows): markdown at https://www.luxalgo.com/library/indicator/stablecoin-dominance.md - [Volume Bubbles & Liquidity Heatmap](https://www.luxalgo.com/library/indicator/volume-bubbles-liquidity-heatmap/) (Liquidation Clusters): markdown at https://www.luxalgo.com/library/indicator/volume-bubbles-liquidity-heatmap.md - [Crypto Liquidation Heatmap](https://www.luxalgo.com/library/indicator/crypto-liquidation-heatmap/) (Liquidation Clusters): markdown at https://www.luxalgo.com/library/indicator/crypto-liquidation-heatmap.md - [Liquidation Levels](https://www.luxalgo.com/library/indicator/liquidation-levels/) (Liquidation Clusters): markdown at https://www.luxalgo.com/library/indicator/liquidation-levels.md - [Bitcoin Power Law Clock](https://www.luxalgo.com/library/indicator/bitcoin-power-law-clock/) (Crypto Cycle Models): markdown at https://www.luxalgo.com/library/indicator/bitcoin-power-law-clock.md - [Bitcoin Power Law](https://www.luxalgo.com/library/indicator/bitcoin-power-law/) (Crypto Cycle Models): markdown at https://www.luxalgo.com/library/indicator/bitcoin-power-law.md --- Source: https://www.luxalgo.com/library/indicator/on-chain-analysis/ (LuxAlgo Library). Free to use with attribution: https://www.luxalgo.com/library/license/