Simple script to draw the upper and lower bands based on the % tolerance the PBOC has set around their reference rate.
Right now, reference rate and % tolerance are input variables that must be input/updated manually. Hopefully one day Tradingview allows the automatic update to be scripted.
Bitcoin as an alternative to capital outflows, with a market cap of just 2 billion can easily be up by multiples from the outflow of yuan from mainland China alone.
People simply do not want yuan if their purchasing power is going down over time.
Current methods of taking capital off mainland China via overseas cash withdrawals are quickly being closed out by...