# Overview

<figure><img src="https://3870127617-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FCBVnUk5c5TVytimjy972%2Fuploads%2Fgit-blob-93156482221562e2ed1fe8ada9bbd1408b8fa068%2Fdocs-mvrv-ratio-002.png?alt=media" alt=""><figcaption></figcaption></figure>

This indicator displays the **MVRV Ratio** (Market Value / Realized Value) for **BTC** or **ETH** from curated data feeds, overlays classic cycle thresholds (3.5, 2.5, 1.0, 0.8), and optionally adds **statistical bands** (mean + 1σ/2σ) to ground readings in recent history.

{% content-ref url="features" %}
[features](https://docs.candelacharts.com/investing/market-valuation-and-on-chain/mvrv-ratio/features)
{% endcontent-ref %}

{% content-ref url="usage" %}
[usage](https://docs.candelacharts.com/investing/market-valuation-and-on-chain/mvrv-ratio/usage)
{% endcontent-ref %}

{% content-ref url="confluences" %}
[confluences](https://docs.candelacharts.com/investing/market-valuation-and-on-chain/mvrv-ratio/confluences)
{% endcontent-ref %}

{% content-ref url="faqs" %}
[faqs](https://docs.candelacharts.com/investing/market-valuation-and-on-chain/mvrv-ratio/faqs)
{% endcontent-ref %}

Background and range shading emphasize typical overvaluation and extreme stress areas.