AusBitBank

SBD steempeg v0.1

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.

If you appreciate this please show some love to https://steemit.com/@ausbitbank !

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

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.

Want to use this script on a chart?
//@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)