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Cryptomarketcap

Blockunity Stablecoin Liquidity (BSL)Monitor the liquidity of the crypto market by tracking the capitalizations of the major Stablecoins. Stablecoin Liquidity (BSL) is an ideal tool for visualizing data on major Stablecoins. The number of Stablecoins in circulation is one of the best indices of liquidity within the crypto market. It’s an important metric to keep an eye on, as an increase in the number of Stablecoins in circulation offers a great opportunity to see cryptoasset prices rise. The tool’s multiple on-board display modes enable analysis of its data in the best possible conditions. The Idea The goal is to provide the community with the ideal tool to visualize the liquidity of the crypto market, via the state of the market capitalizations of the major Stablecoins. How to Use The tool is very easy to use and interpret. First of all, let's distinguish two main elements: The chart as 3 distinct display modes to let you observe data in the best possible conditions. There is a panel that summarizes the market capitalizations of the main Stablecoins. Display Mode: Cumulative In Cumulative mode (default), the different capitalizations are displayed one on top of the other with colored bands. You can see that when the number of Stablecoins in circulation increases, crypto asset prices enter an uptrend. And if the liquidity of Stablecoins dries up, the trend will become bearish. Display Mode: Aggregated Aggregated mode displays a single line, which is the sum of the different capitalizations, varying between green and red depending on the state of this data according to its moving average declared in the 'Aggregated MA Lengh' field. You can thus easily see trend changes and therefore opportunities to enter or exit the crypto market. Display Mode: Independent The Independent mode also displays the different capitalizations, but detached from each other with labels. This display mode is particularly interesting for studying transfers from one Stablecoin to another, as can be seen below. Other Settings You can choose whether or not to include each of the Stablecoins data, and configure their display color. Note that in 'Cumulative' display mode, the data is taken into account even if the box is unchecked. How it Works The tool works in a simple way: We take the market capitalization data of the Stablecoins that interest us, then we process them according to the different display modes. Let us know if you would like other ways of visualizing this data!
Pine Script™ indicator
by Blockunity
3
Daily Network Value to Transactions Signal (NVTS) Quote of GlassNode ... The NVT Signal (NVTS) is a modified version of the original NVT Ratio. It uses a 90 day moving average of the daily transaction volume in the denominator instead of the raw daily transaction volume. This moving average improves the ratio to better function as a leading indicator. The Network Value to Transactions (NVT) Ratio is calculated by dividing the market cap by the transferred on-chain volume measured in USD. GlassNode says the NVT Ratio was created by Willy Woo. I have peaked into Glassnode and took their idea. I also added a few more Moving Averages to select from, and the length can also be changed. This script does not depend on Glassnode alone, instead I pulls data of several services... CoinMarketCap CoinMetrics GlassNode IntoTheBlock Therefor we have more Tokens to select from. I have also blocked some faulty data of each service. If you get a study error of any kind then there is no data available, or you on a wrong timeframe. Best to use this script in a daily chart. And keep in mind it pulls data of yesterday. Therefor the plot is offset by 1 to the left. The script will check each service if the data for the chart is available. Market Cap is taken in the following order ... CainMarketCap GlassNode CoinMetrics Transaction volume as USD is taken in the following order ... IntoTheBlock CoinMetrics GlassNode Happy Trading!
Pine Script™ indicator
by weak_hand