OPEN-SOURCE SCRIPT
Updated Market Hedge Ratio
Ratio of crypto (total, Bitcoin, or Ethereum market cap) to major stable coins.
A low ratio suggests a lot of people are sitting in cash (sidelined if crypto rallies).
A high ratio suggests possible demand saturation.
A low ratio suggests a lot of people are sitting in cash (sidelined if crypto rallies).
A high ratio suggests possible demand saturation.
Release Notes
Removed UST as it was delisted by TradingViewRelease Notes
SourcingRelease Notes
Sourcing updating
Open-source script
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.
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