Clancy3gbh

3GBH - MoneyMeter (Stablecoins RSI)

This indicator tracks the Market Caps of
- USDT
- USDC
- DAI

The data is presented on the RSI .

The intent of this indicator is to help determine whether money is flowing into the market or not.

If the major stablecoins are green, money is entering the market.
The opposite applies, if red, money is leaving the market.

This is another tool which may provide help to build confluence in your trading or analysis.

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Default length is set to 168 to see the momentum of the past 7 days on the 1-hour timeframe.


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.

Want to use this script on a chart?

Comments

Crazy how it marks the bottom lol... As soon as USDT started moving was the very bottom of the crash... institutions aren't going to cash out immediately I guess xD
+1 Reply