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
The indicator shows the correlation between stablecoins and bitcoin by means of liquidity flowing from stables to crypto and back. Where the indicator has highs, the bitcoin is usually the bottom and vice versa.
Hello traders, This script provides a background color for the major stablecoins with directional bias above and below 1. Generally, it's considered market beneficial if USDT is over one , and generally a market deficit if USDT is under 1. These are of course theoretical and shouldn't be taken solely into account. Indicator includes biases for: - USDT - USDC -...