OPEN-SOURCE SCRIPT
Crypto USDT Volume
Script Title: USDT Volume
This TradingView indicator calculates a volume metric weighted by price, referred to as "Money." It works by first computing the typical price for each bar as the average of the open, high, low, and close prices. Multiplying this typical price by the bar's volume yields the Money value, which serves as a proxy for the dollar (or USDT) flow during that period.
To improve readability, the script dynamically adjusts the units based on recent data. It examines the highest Money value over the past 100 bars and applies a scaling factor:
Values above 1e9 are scaled to billions (B),
Above 1e6 to millions (M),
Above 1e3 to thousands (K),
Otherwise, no scaling is applied.
The indicator plots these scaled Money values as a column chart. It uses TradingView's default colors—green for bullish bars (where the open is less than the close) and red for bearish bars. Additionally, a label is updated on the last bar to display the current unit used for scaling.
Overall, this script provides a visually intuitive way to track and compare the volume-weighted money flow, making it easier to analyze market activity.
This TradingView indicator calculates a volume metric weighted by price, referred to as "Money." It works by first computing the typical price for each bar as the average of the open, high, low, and close prices. Multiplying this typical price by the bar's volume yields the Money value, which serves as a proxy for the dollar (or USDT) flow during that period.
To improve readability, the script dynamically adjusts the units based on recent data. It examines the highest Money value over the past 100 bars and applies a scaling factor:
Values above 1e9 are scaled to billions (B),
Above 1e6 to millions (M),
Above 1e3 to thousands (K),
Otherwise, no scaling is applied.
The indicator plots these scaled Money values as a column chart. It uses TradingView's default colors—green for bullish bars (where the open is less than the close) and red for bearish bars. Additionally, a label is updated on the last bar to display the current unit used for scaling.
Overall, this script provides a visually intuitive way to track and compare the volume-weighted money flow, making it easier to analyze market activity.
オープンソーススクリプト
TradingViewの精神に則り、この作者はスクリプトのソースコードを公開しているので、その内容を理解し検証することができます。作者に感謝です！無料でお使いいただけますが、このコードを投稿に再利用する際にはハウスルールに従うものとします。
免責事項
これらの情報および投稿は、TradingViewが提供または保証する金融、投資、取引、またはその他の種類のアドバイスや推奨を意図したものではなく、またそのようなものでもありません。詳しくは利用規約をご覧ください。
オープンソーススクリプト
TradingViewの精神に則り、この作者はスクリプトのソースコードを公開しているので、その内容を理解し検証することができます。作者に感謝です！無料でお使いいただけますが、このコードを投稿に再利用する際にはハウスルールに従うものとします。
免責事項
これらの情報および投稿は、TradingViewが提供または保証する金融、投資、取引、またはその他の種類のアドバイスや推奨を意図したものではなく、またそのようなものでもありません。詳しくは利用規約をご覧ください。