This Pine Script indicator visualizes the combined market capitalization of three prominent stablecoins: USDT, USDC, and BUSD, on a daily basis.
It fetches the daily closing market caps of these stablecoins and sums them. The resulting line graph is displayed in its own separate pane below the main price chart.
The line is color-coded: green on days when the...
A simple indicator that displays either the aggregated market cap of the top five stablecoins, or it displays all coins at once (look in the settings).
Because of limitations with the sourced data the indicator only works on the daily timeframe or higher.
Stablecoins Dominance
The purpose of the script is to show Stablecoin's strength in the crypto markets.
5 Largest Stablecoins divided by Total Market Cap
