OPEN-SOURCE SCRIPT
KINSKI USDT Market Cap Dominance
USDT dominance charts are rare to find as almost everyone is fixated on BTC dominance. Bitcoin dominance gives us insight into investors' preferences when they have a choice between BTC and thousands of altcoins.
This oscillator gives insight into the state of the coin market. When people exchange their digital currencies like BTC and Altcoins for USDT, there is low confidence in the market. The opposite is true when BTC and Altcoins are bought because market sentiment is high.
So when USDT dominance rises, cryptocurrency prices fall, but when their dominance falls, cryptocurrency prices rise.
Features
This oscillator gives insight into the state of the coin market. When people exchange their digital currencies like BTC and Altcoins for USDT, there is low confidence in the market. The opposite is true when BTC and Altcoins are bought because market sentiment is high.
So when USDT dominance rises, cryptocurrency prices fall, but when their dominance falls, cryptocurrency prices rise.
Features
- Can be displayed as a moving average (default) or histogram.
- Choice between 'CRYPTOCAP:USDT', 'CRYPTOCAP:USDT.D', 'CRYPTOCAP:OTHERS.D' => CRYPTOCAP:USDT.D is default.
- Smoothing types Selectable
- Upward and downward trend of MA line can be activated
- Extensive style settings
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