Crypto USDT Volume

Script Title: USDT Volume

This TradingView indicator calculates a volume metric weighted by price, referred to as "Money." It works by first computing the typical price for each bar as the average of the open, high, low, and close prices. Multiplying this typical price by the bar's volume yields the Money value, which serves as a proxy for the dollar (or USDT) flow during that period.

To improve readability, the script dynamically adjusts the units based on recent data. It examines the highest Money value over the past 100 bars and applies a scaling factor:

Values above 1e9 are scaled to billions (B),
Above 1e6 to millions (M),
Above 1e3 to thousands (K),
Otherwise, no scaling is applied.
The indicator plots these scaled Money values as a column chart. It uses TradingView's default colors—green for bullish bars (where the open is less than the close) and red for bearish bars. Additionally, a label is updated on the last bar to display the current unit used for scaling.

Overall, this script provides a visually intuitive way to track and compare the volume-weighted money flow, making it easier to analyze market activity.