OPEN-SOURCE SCRIPT
Tether Data
Diupdate
CONCEPT
A toolkit with a bunch of different metrics for the widely used stablecoin called tether (USDT).
It's very easy to use, just select in the settings what data you want to look at.
FEATURES
The "index" setting shows a volume weighted index of different exchanges to give the most accurate average USDT/USD price.
Very straight forward. This shows you the current tether market cap.
This gives you a better visualization of increases (or sometimes decreases) in the tether market cap.
This shows tether dominance in the market, same concept as bitcoin dominance.
It compares the USDT mcap to the total crypto mcap and then shows the dominance percentage wise.
It's considered bearish when USDT dominance goes up because it means people want to get out of coins and flee to something more stable.
This compares the tether market cap and compares it to the bitcoin market cap to give you an idea of how much BTC buying power has in theory.
The higher this ratio the more bitcoin could be bought with all the tether available.
You'll notice that this often looks very similar to the dominance metric.
The tether price of multiple exchanges.
In the settings you can select which ones you want the indicator to show.
TRADING
I can't tell you exactly how useful this indicator is for trading, I don't have strong opinions on it.
Some people think a high tether price and dominance is bearish.
Some think the market cap increasing (because of new prints) is bullish.
The buying power metric can give you an idea of how much dry powder there is in the market.
The exchanges metric shows you where you can get the cheapest USDT...
Just some ideas.
This indicator is free so if you add it to your favourites you can start using it immediately (it's possible that you have to refresh Tradingview before it actually works).
Source code is visible for learning purposes.
Cheers.
A toolkit with a bunch of different metrics for the widely used stablecoin called tether (USDT).
It's very easy to use, just select in the settings what data you want to look at.
FEATURES
- Value index.
The "index" setting shows a volume weighted index of different exchanges to give the most accurate average USDT/USD price.
- Market cap.
Very straight forward. This shows you the current tether market cap.
- Market cap changes.
This gives you a better visualization of increases (or sometimes decreases) in the tether market cap.
- Dominance
This shows tether dominance in the market, same concept as bitcoin dominance.
It compares the USDT mcap to the total crypto mcap and then shows the dominance percentage wise.
It's considered bearish when USDT dominance goes up because it means people want to get out of coins and flee to something more stable.
- BTC buying power.
This compares the tether market cap and compares it to the bitcoin market cap to give you an idea of how much BTC buying power has in theory.
The higher this ratio the more bitcoin could be bought with all the tether available.
You'll notice that this often looks very similar to the dominance metric.
- Exchanges.
The tether price of multiple exchanges.
In the settings you can select which ones you want the indicator to show.
TRADING
I can't tell you exactly how useful this indicator is for trading, I don't have strong opinions on it.
Some people think a high tether price and dominance is bearish.
Some think the market cap increasing (because of new prints) is bullish.
The buying power metric can give you an idea of how much dry powder there is in the market.
The exchanges metric shows you where you can get the cheapest USDT...
Just some ideas.
This indicator is free so if you add it to your favourites you can start using it immediately (it's possible that you have to refresh Tradingview before it actually works).
Source code is visible for learning purposes.
Cheers.
Catatan Rilis
FTX shut down so I replaced FTX data with Bitstamp.Skrip open-source
Dengan semangat TradingView yang sesungguhnya, penulis skrip ini telah menerbitkannya sebagai sumber terbuka, sehingga para trader dapat memahami dan memverifikasinya. Hormat untuk penulisnya! Anda dapat menggunakannya secara gratis, namun penggunaan kembali kode ini dalam publikasi diatur oleh Tata Tertib. Anda dapat memfavoritkannya untuk digunakan pada chart
Inggin menggunakan skrip ini pada chart?
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.