MVRV Z-Score

The MVRV Z-Score is then calculated by taking the difference between the current MVRV ratio and the historical average MVRV ratio, and dividing by the standard deviation of the MVRV ratio over a certain period of time. The resulting value represents the number of standard deviations that the current MVRV ratio is from its historical average, and is used to identify potential overbought or oversold conditions in the market.