# Application
The NVT-BT has historically shown periods of overvaluation when the 12-week average is above 10, shown on the chart above. The NVT has proven its capability for signalling periods of overvaluation during the 2013/14 and 2017/18 cycles.
The NVT-BT has historically shown periods of overvaluation when the 12-week average is above 10, shown on the chart above. The NVT has proven its capability for signalling periods of overvaluation during the 2013/14 and 2017/18 cycles.