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Stablecoin Bias [Moto]
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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 [$1], 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
- DAI
- BUSD
- Average of two major stables [Excludes BUSD and has option to include DAI]
Warning: Tradingview's background color function seems graphically intensive. I don't recommend more than one or two biases active simultaneously, as it will slow down your chart and create mouse lag.
Cheers
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 [$1], 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
- DAI
- BUSD
- Average of two major stables [Excludes BUSD and has option to include DAI]
Warning: Tradingview's background color function seems graphically intensive. I don't recommend more than one or two biases active simultaneously, as it will slow down your chart and create mouse lag.
Cheers
Notes de version
Added optional ticker input for main USDT pair and option for average USDT across pairs [mean]. Changed from greater than to equal or greater than.
DM for access.
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One time fee, no subscription
twitter.com/IntroMoto
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