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Crypto Stablecoin Supply - Indicator [presentTrading]█ Introduction and How it is Different The "Stablecoin Supply - Indicator" differentiates itself by focusing on the aggregate supply of major stablecoins—USDT, USDC, and DAI—rather than traditional price-based metrics. Its premise is that fluctuations in the total supply of these stablecoins can serve as leading indicators for broader market movements, offering traders a unique vantage point to anticipate shifts in market sentiment. BTCUSD 6h for recent bull market BTCUSD 8h █ Strategy, How it Works: Detailed Explanation 🔶 Data Collection The strategy begins with the collection of the closing supply for USDT, USDC, and DAI stablecoins. This data is fetched using a specified timeframe (**`tfInput`**), allowing for flexibility in analysis periods. 🔶 Supply Calculation The individual supplies of USDT, USDC, and DAI are then aggregated to determine the total stablecoin supply within the market at any given time. This combined figure serves as the foundation for the subsequent statistical analysis. 🔶 Z-Score Computation The heart of the indicator's strategy lies in the computation of the Z-Score, which is a statistical measure used to identify how far a data point is from the mean, relative to the standard deviation. The formula for the Z-Score is: Z = (X - μ) / σ Where: - Z is the Z-Score - X is the current total stablecoin supply (TotalStablecoinClose) - μ (mu) is the mean of the total stablecoin supply over a specified length (len) - σ (sigma) is the standard deviation of the total stablecoin supply over the same length A moving average of the Z-Score (**`zScore_ma`**) is calculated over a short period (defaulted to 3) to smooth out the volatility and provide a clearer signal. 🔶 Signal Interpretation The Z-Score itself is plotted, with its color indicating its relation to a defined threshold (0.382), serving as a direct visual cue for market sentiment. Zones are also highlighted to show when the Z-Score is within certain extreme ranges, suggesting overbought or oversold conditions. Bull -> Bear █ Trade Direction - **Entry Threshold**: A Z-Score crossing above 0.382 suggests an increase in stablecoin supply relative to its historical average, potentially indicating bullish market sentiment or incoming capital flow into cryptocurrencies. - **Exit Threshold**: Conversely, a Z-Score dropping below -0.382 may signal a reduction in stablecoin supply, hinting at bearish sentiment or capital withdrawal. █ Usage Traders can leverage the "Stablecoin Supply - Indicator" to gain insights into the underlying market dynamics that are not immediately apparent through price analysis alone. It is particularly useful for identifying potential shifts in market sentiment before they are reflected in price movements. By integrating this indicator with other technical analysis tools, traders can develop a more rounded and informed trading strategy. █ Default Settings - Timeframe Input (`tfInput`): Allows users to specify the timeframe for data collection, adding flexibility to the analysis. - Z-Score Length (`len`): Set to 252 by default, representing the period over which the mean and standard deviation of the stablecoin supply are calculated. - Color Coding: Uses distinct colors (green for bullish, red for bearish) to indicate the Z-Score's position relative to its thresholds, enhancing visual clarity. - Extreme Range Fill: Highlights areas between defined high and low Z-Score thresholds with distinct colors to indicate potential overbought or oversold conditions. By integrating considerations of stablecoin supply into the analytical framework, the "Stablecoin Supply - Indicator" offers a novel perspective on cryptocurrency market dynamics, enabling traders to make more nuanced and informed decisions.
Pine Script™ indicator
by PresentTrading
9
STABLECOINS DEPEG FINDERSTABLECOINS DEPEG FINDER With this script, you will be able to understand how DePeg in stablecoins USDT, USDC, and FDUSD can influence the TOTAL Market Cap. WHAT IS DEPEG? DePeg occurs when a stablecoin loses its peg. It can't maintain the $1.00 price for a while (or anymore). Traders can use DePeg for high-quality trading both in Crypto and Stablecoins. Usually, a Negative DePeg (e.g., 0.98%) means you can buy Stablecoins at a 2% discount. This translates to a 2% gain when the Stablecoin returns to its peg. Additionally, a Positive DePeg could be a good moment for selling or withdrawal. WHY DEPEG MATTERS IN THE CRYPTO SPACE Depeg in Crypto markets is primarily a matter of "earning from small differences in peg." If well understood, it can help traders and analysts to spot whales' next moves. Usually, when a negative DePeg (below $1) occurs, it means whales are in a hurry to sell their Stablecoin tokens for Crypto Tokens. In this hurry, they sell Stablecoins at a discount. In the short term, a Crypto pump is likely planned, and they buy the next x100 token. On the other hand, a positive DePeg (above $1) means whales are in a hurry to convert tokens into Stablecoins because they are heavily selling Crypto Tokens. This leads to them paying more for Stablecoins. Positive Depeg is more interesting than Negative DePeg. Usually, it signifies an important sell-off in the crypto environment, creating high tension to safeguard your hard-earned money. Whales hurry to convert altcoins and tokens into stablecoins, causing a Positive Depeg (they are willing to pay more to be safe). Positive DePeg is plotted as Intense Background Color. Identifying 'areas' where this occurs could help traders and analysts understand this highly manipulative market better and take positions. THE SCRIPT This script will help traders and analysts understand when USDT, USDC, and FDUSD depegged and how the crypto market reacted. It comes with the possibility to check and plot backgrounds when there's Positive DePeg or Negative DePeg for USDT, USDC, or FDUSD. It's pretty useful for data analysis. In the bottom-right part, you can check the actual stablecoin peg for the three Stablecoins: - Highest Positive DePeg in a given BackTrace - Average Positive DePeg in a given BackTrace - Actual Peg for USDT, USDC, FDUSD - Average Negative DePeg in a given BackTrace - Lowest Negative DePeg in a given BackTrace UNDERSTANDING THE BACKGROUND PLOT NEGATIVE DEPEG For each Stablecoin, negative DePeg is plotted as Translucent Background Color: USDT lime, USDC aqua, FDUSD grey. You can choose from settings whether it needs to be enabled or disabled for each token. POSITIVE DEPEG For each Stablecoin, positive DePeg is plotted as Intense Background Color: USDT lime, USDC aqua, FDUSD grey. You can choose from settings whether it needs to be enabled or disabled for each token. USE CASE EXAMPLES With this script you can plan to be alerted WHEN one of those stablecoin are depegging over a threesold. Than you can act accordingly. BUY OPPORTUNITY Let' suppose you want to see how USDC can influence Crypto Price when deppeged I've setup signal to be plotted only for negative Depeg when USDC goes below 0.998. As you can see it was a very good and nice buy area for the entire crypto market SELL OPPORTUNITY Spot a selling point could be harder. In the example below let's see how USDC positive DePeg can show signal of Crypto dump earlier in daily TF
Pine Script™ indicator
by STABLECOINS_GURU
8
USDT+USDC+BUSD Market CapThis 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 market cap is increasing compared to the previous day, and red when it's decreasing.
Pine Script™ indicator
by PCPR1NCIPAL
2
BTC 4h bot 2.0 AlertsThis is Alert version of BTC 4h bot 2.0. Optimized for pairs BTC vs stablecoins, 4h timeframe. HOW IT WORKS: Script is based on the fact that there are certain phases of the market when there is a greater probability that BTC will go to one side or the other. To evaluate which phase we are in, the script uses "Main trend" and "Confirmation signals". Main trend - Is composed of a combination of several supertrends and moving averages. A Supertrend is a trend following indicator that helps in identifying whether we are in an uptrend or a downtrend. A higher factor is used to capture the main trend and not just small movements. In case the market goes sideways, the Supertrend does not work well, so it is a combination of multiple supertrends along with moving averages to differentiate a real strong trend from a range. - It can be seen on the graph as a thick solid line. - In an uptrend is green, in a downtrend red, gray represents the neutral zone. Confirmation signals - Are several script-evaluated indicators such as RSI , MACD , ADX and others, which serve to confirm the trend. In this case, it is the opposite way to the Main trend. Confirmation signals are used here to detect small movements. They are trying to capture bullish and bearish price momentum. - On the graph they are seen as dashed lines above or below the Main trend (in the gray zone they are in the middle). - It indicates only two signals, green for buy and red for sell. HOW TO USE IT: if the Main trend and Confirmation signals are of the same color, it will send a buy or sell signal, depending on which phase of the trend it is in. If the Main trend is e.g. in an uptrend and the market is going up, Confirmation signals should generate a lot of signals. But if the market starts to go in the opposite direction, Confirmation signals should generate fewer signals or none at all, thus reducing the number of wrong trades. In the gray zone of the Main trend it does not open positions. To close position is possible to use stop loss and take profit or alternative could be to set very high TP value, thereby letting the script close the positions by itself by Stop Long or Stop Short. The recommended setting is: TP: 3.9% SL: 4.7%. In this case, it is a Alert version, where can be seen all the signals, which the script generates. Green triangels indicate open Long. Red triangels indicate open Short. Small blue triangels indicate Stop Long position. Small orange triangels indicate Stop Short position. Signal is valid after bar is closed, so do not open a position before. Script works well on Bitstamp, but also other exchanges with pair BTC/USD or BTC/stablecoins. The script works consistently well over a long period of time, using past probabilities, but this does not guarantee future results.
Pine Script™ indicator
by mk77777
Stablecoin Bias [Moto]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 - DAI - BUSD - Average of two major stables 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
Pine Script™ indicator
by Intromoto