OPEN-SOURCE SCRIPT
Actualizado Coinbase Premium ($) Absolute Dollar Amount
# Coinbase Dollar Premium Indicator
## Description
The Coinbase Dollar Premium Indicator is a powerful tool for cryptocurrency traders and analysts, providing real-time insight into the price differences between major exchanges. This indicator calculates and visualizes the dollar amount premium or discount of Bitcoin on Coinbase compared to the average price on Binance and Kraken.
## Key Features
1. **Dollar Value**: Unlike percentage-based indicators, this tool shows the actual dollar amount difference, giving traders a clear understanding of the magnitude of price disparities.
2. **Multi-Exchange Comparison**: By averaging the prices from Binance and Kraken, the indicator provides a more robust baseline for comparison, reducing the impact of single-exchange anomalies.
3. **Clear Visual Representation**: The indicator uses a color-coded histogram for easy interpretation:
- Green bars indicate a premium on Coinbase (Coinbase price is higher)
- Red bars indicate a discount on Coinbase (Coinbase price is lower)
- The height of each bar represents the dollar amount of the premium or discount
4. **Zero Line Reference**: A horizontal line at zero helps quickly distinguish between premium and discount states.
## Use Cases
- **Arbitrage Opportunities**: Identify potential arbitrage opportunities between exchanges.
- **Market Sentiment**: Gauge institutional and retail investor sentiment, as Coinbase is often associated with US institutional activity.
- **Price Prediction**: Use divergences between exchanges as a potential indicator of short-term price movements.
- **Risk Management**: Understand the pricing landscape across major exchanges to make more informed trading decisions.
This indicator is valuable for both short-term traders looking for quick opportunities and long-term investors wanting to understand market dynamics. By providing a clear, dollar-based view of inter-exchange price differences, the Coinbase Dollar Premium Indicator offers unique insights into the cryptocurrency market's microstructure.
*Note: This indicator is for informational purposes only and should not be considered financial advice. Always conduct your own research and consider your risk tolerance before trading.*
## Description
The Coinbase Dollar Premium Indicator is a powerful tool for cryptocurrency traders and analysts, providing real-time insight into the price differences between major exchanges. This indicator calculates and visualizes the dollar amount premium or discount of Bitcoin on Coinbase compared to the average price on Binance and Kraken.
## Key Features
1. **Dollar Value**: Unlike percentage-based indicators, this tool shows the actual dollar amount difference, giving traders a clear understanding of the magnitude of price disparities.
2. **Multi-Exchange Comparison**: By averaging the prices from Binance and Kraken, the indicator provides a more robust baseline for comparison, reducing the impact of single-exchange anomalies.
3. **Clear Visual Representation**: The indicator uses a color-coded histogram for easy interpretation:
- Green bars indicate a premium on Coinbase (Coinbase price is higher)
- Red bars indicate a discount on Coinbase (Coinbase price is lower)
- The height of each bar represents the dollar amount of the premium or discount
4. **Zero Line Reference**: A horizontal line at zero helps quickly distinguish between premium and discount states.
## Use Cases
- **Arbitrage Opportunities**: Identify potential arbitrage opportunities between exchanges.
- **Market Sentiment**: Gauge institutional and retail investor sentiment, as Coinbase is often associated with US institutional activity.
- **Price Prediction**: Use divergences between exchanges as a potential indicator of short-term price movements.
- **Risk Management**: Understand the pricing landscape across major exchanges to make more informed trading decisions.
This indicator is valuable for both short-term traders looking for quick opportunities and long-term investors wanting to understand market dynamics. By providing a clear, dollar-based view of inter-exchange price differences, the Coinbase Dollar Premium Indicator offers unique insights into the cryptocurrency market's microstructure.
*Note: This indicator is for informational purposes only and should not be considered financial advice. Always conduct your own research and consider your risk tolerance before trading.*
Notas de prensa
New Version changed Kraken - Bybit.Notas de prensa
V2 update - added OKX as the simple average calculation.Notas de prensa
New version collab w/ zenonzoomzoomzoomNotas de prensa
Updating the chart -Script de código abierto
Fiel al espíritu de TradingView, el creador de este script lo ha convertido en código abierto, para que los traders puedan revisar y verificar su funcionalidad. ¡Enhorabuena al autor! Aunque puede utilizarlo de forma gratuita, recuerde que la republicación del código está sujeta a nuestras Normas internas.
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Script de código abierto
Fiel al espíritu de TradingView, el creador de este script lo ha convertido en código abierto, para que los traders puedan revisar y verificar su funcionalidad. ¡Enhorabuena al autor! Aunque puede utilizarlo de forma gratuita, recuerde que la republicación del código está sujeta a nuestras Normas internas.
- Unknown Player 2
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como asesoramiento o recomendaciones financieras, de inversión, de trading o de otro tipo proporcionadas o respaldadas por TradingView. Más información en Condiciones de uso.