SBD steempeg v0.1 — Indicator by AusBitBank

A simple indicator to show the current USD value of a Steem Backed Dollar , based on the POLONIEX:SBDBTC and BITFINEX:BTCUSD prices .
Plot lines are marked at $1 , $0.90 , $0.80 and plot line color changes depending on its current price for a quick visual reference.

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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 a publication is governed by House Rules. You can favorite it to use it on a chart.

Disclaimer

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//@version=2
// SBD steempeg indicator by @ausbitbank
// https://steemit.com/@ausbitbank
// Work in progress v0.1   (@version on line1 is to enable pinescript if statements .. TIL)
study(title = "SBD steempeg v0.1", shorttitle = "SBD steempeg indicator")
polosbdbtc = security("POLONIEX:SBDBTC",period, close)
bitfinexbtcusd = security("BITFINEX:BTCUSD",period, close)
polosteembtc = security("POLONIEX:STEEMBTC",period,close)
polosbdpeg = (polosbdbtc*bitfinexbtcusd)
plotcolor = if polosbdpeg<1
    if polosbdpeg<0.9
        red
    else
        orange
else
    green
plot(polosbdpeg,color=plotcolor,linewidth=2)
plot(1,color=green)
plot(0.9,color=yellow)
plot(0.8,color=orange)