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Stablecoin Supply Ratio Oscillator


The Stablecoin Supply Ratio Oscillator (SSRO) is a cryptocurrency indicator designed for mean reversion analysis and sentiment assessment. It calculates the ratio of BTCUSD 's market capitalization to the sum of stablecoins' market capitalization and z-scores the result, offering insights into market sentiment and potential turning points.

Methodology:
The SSRO is calculated as follows-

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This ratio is Z-Scored to provide a standardized measure, allowing users to identify periods of market fear or greed based on the allocation of capital between the underlying and Stablecoins (USDT, USDC, TUSD, CRYPTOCAP:BUSD, DAI, USDD, FRAX). The z-scored values indicate potential areas of discount (buying opportunities) or premium (selling opportunities) relative to historical patterns.

Customization:
  • Underlying Asset: SSRO is customizable to different underlying assets, offering a versatile tool for various cryptocurrencies.
  • Calculation Length: Users can adjust the length of the calculation, tailoring the indicator to short or long-term analysis.
  • Visualization: SSRO can be displayed as candles, providing a visual representation of premium and discount areas.


Interpretation:
Market Sentiment: Lower SSRO values may indicate market fear, suggesting a preference for stablecoins as a relatively safer haven for capital. Conversely, higher values may suggest market greed, as more capital is allocated to the underlying asset.

Utility and Use Cases:
1. Mean Reversion Analysis: SSRO identifies potential mean reversion opportunities, guiding traders on optimal entry and exit points.
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2. Sentiment Analysis: The indicator provides insights into market sentiment, aiding traders in understanding market dynamics.
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3. Macro Analysis: The majority of cryptos follow \ correlate to BTCUSD , Therefore by assessing premium and discount areas of BTCUSD relative to the chosen underlying asset, users gain insights into potential market tops and bottoms.
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4. Divergence Analysis: SSRO divergence from price trends can signal potential reversals, providing traders with additional confirmation for their decisions.
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The Stablecoin Supply Ratio Oscillator is a valuable tool for cryptocurrency traders, offering a nuanced perspective on market sentiment and mean reversion opportunities. Its customization options and visual representation make it a versatile and powerful addition to the crypto analyst's toolkit.
Catatan Rilis
Removed USDD
Catatan Rilis
improved methodology, added support for plot export to new SuperTrend ToolKit
Catatan Rilis
Removed BUSD
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discountdollarcostaveragemarketcapitalizationmeanreversionOscillatorspremiumsentimentssrostablecoinsValuezscorezscoreindicator

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