FR(%) - Bitcoin Fee Ratio

Bitcoin Fee Ratio [FR(%)] is a BTC specific study aiming to replace the ever-misleading ‘market capitalization’ (marketcap).
It answers to the following question:
“If block rewards disappeared tomorrow what percentage of [BTC’s] economic volume would we have to pay in fees to replace them”

A low FR means that users can transact securely while simultaneously paying a minimal % of each transaction as a fee.
Conversely, a high FR means that users have to pay a high % of each transaction as a fee in order to transact securely.

User notes:

• This study only plots in Bitcoin charts.
  
• It plots in Daily, Weekly and Monthly time frames.
  
• It doesn't render in intraday charts.
  
• The FR value is expressed in relative (%) terms.
  

Credit for this idea goes to Matteo Leibowitz: medium.com/@matteoleibowitz
Based on the story: medium.com/coinmonks/introducing-fee-ratio-multiple-frm-1eada9ac9bec

You're welcome to add it to your charts. Hope you find it useful!