4 main Stablecoin MarketCap

This indicator summarized 4 main stablecoin marketcap (USDT, USDC , BUSD, DAI).

It is given that most of the transactions of cryptocurrencies are traded by stablecoins, and USDT, USDC , BUSD and DAI shared 90%+ of the stablecoins market capacity. Therefore, by summarizing these 4 main stablecoins total market capacity, can reflect the overall demand power.

When the indicator goes up, it is expected that the overall market demand will increase.
When the indicator goes down, it is expected that the cryptocurrencies market might be in a recession.

This indicator could be more useful in a longer timeframe, day-trade or even shorter might not be the suitable timeframe.


V2 update
Separate 4 sectors and shadowed in different colors for 4 different stablecoins for more accurated view.

TradingViewの精神に則り、このスクリプトの作者は、トレーダーが理解し検証できるようにオープンソースで公開しています。作者に敬意を表します!無料で使用することができますが、このコードを投稿で再利用するには、ハウスルールに準拠する必要があります。 お気に入りに登録してチャート上でご利用頂けます。