Stablecoin Bias [Moto]

Hello traders,

This script provides a background color for the major stablecoins with directional bias above and below 1.

Generally, it's considered market beneficial if USDT is over one [$1], and generally a market deficit if USDT is under 1. These are of course theoretical and shouldn't be taken solely into account.

Indicator includes biases for:
- USDT
- USDC
- DAI
- BUSD
- Average of two major stables [Excludes BUSD and has option to include DAI]

Warning: Tradingview's background color function seems graphically intensive. I don't recommend more than one or two biases active simultaneously, as it will slow down your chart and create mouse lag.

Cheers

Release Notes

Added optional ticker input for main USDT pair and option for average USDT across pairs [mean]. Changed from greater than to equal or greater than.

Protected script

This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.

Intromoto

DM for access.
Follow on Twitter for updates.
One time fee, no subscription
twitter.com/IntroMoto

Also on:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

Protected script

This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.

Intromoto

DM for access.
Follow on Twitter for updates.
One time fee, no subscription
twitter.com/IntroMoto

Also on: