OPEN-SOURCE SCRIPT
USDT + USDC Dominance
USDT + USDC Dominance
USDT/USDC Dominance Indicator
This indicator measures the relative dominance of USDT and USDC on the market. It calculates the share of each stablecoin compared to the total of the two, and displays it as a percentage.
USDT Dominance (%) = (USDT value / (USDT value + USDC value)) × 100
USDC Dominance (%) = 100 − USDT Dominance
The indicator plots both dominance values on the chart, allowing you to see which stablecoin has a higher share at any given time. It can help identify shifts in market preference between USDT and USDC.
Optional features:
Horizontal 50% line for reference.
Highlight when USDT or USDC exceeds 50% dominance.
Works with price or market capitalization data depending on available data sources.
USDT/USDC Dominance Indicator
This indicator measures the relative dominance of USDT and USDC on the market. It calculates the share of each stablecoin compared to the total of the two, and displays it as a percentage.
USDT Dominance (%) = (USDT value / (USDT value + USDC value)) × 100
USDC Dominance (%) = 100 − USDT Dominance
The indicator plots both dominance values on the chart, allowing you to see which stablecoin has a higher share at any given time. It can help identify shifts in market preference between USDT and USDC.
Optional features:
Horizontal 50% line for reference.
Highlight when USDT or USDC exceeds 50% dominance.
Works with price or market capitalization data depending on available data sources.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
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.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
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.