On-Chain Signals
By LuxAlgoAug 6, 2025
On-Chain Signals is an indicator on Vela, our next-generation charting platform, written in Pine Script®.
On-Chain Signals polls four strands of blockchain data and returns one verdict: bullish, bearish, or neutral. Net Network Growth tracks the change in total addresses, In the Money follows the rate of change of the estimated balance held by profitable addresses (their count times the average address balance, smoothed over 7 days), Concentration watches whale and investor holdings, and Large Transactions measures the percentage gap between the 21-day and 30-day EMAs of $100k+ transaction counts: on-chain metrics doing the job of a sentiment dial, powered by IntoTheBlock data.
How to Trade the On-Chain Signals?
- Bullish bias: more of the four signals lean bullish than bearish: conditions favor upside.
- Bearish bias: bearish signals outnumber bullish ones, warning of downside pressure.
- Neutral bias: an even split, typical of consolidation and indecision.
- Three display modes: the gauge for an at-a-glance state, Historical Data for plotting each signal through time and tuning its thresholds, and Average for smoothing the bias (+1, 0, -1) into a longer-term sentiment curve.
The indicator is built for the daily timeframe, where the underlying on-chain data actually updates. Treat the bias as context wrapped around entries from price structure, not a signal to trade in isolation, and lean on the historical mode when calibrating thresholds to a specific coin.
On-Chain Signals Settings
- Display Mode: gauge, historical plots, or average.
- Average Settings: smoothing type (triangular, simple, or exponential) plus the period length.
- Thresholds: bullish and bearish trigger levels for each of the four signals.
- Dashboard: a compact readout with adjustable position and size.
- Gauge Customization and Style Options: gauge scale, curved display, color schemes, and per-signal plot visibility.
Frequently Asked Questions
Free to use
Run it on Vela. Go further with a paid plan.
- Up to 500 strategy alerts, with webhook automation
- Up to 10× the chart history of Free
- Orderflow lookback up to full history
- More Quant usage to customize it, plus extra usage when you need it
- Futures data alongside crypto, stocks, forex and commodities
Also works on
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Run it on Vela. Make it yours with Quant.
Open this indicator free on Vela, our next-generation charting platform. Then ask Quant, our coding agent built into Vela, to retune it or turn it into a backtested strategy of your own.