OPEN-SOURCE SCRIPT
Brrrrr strategy
Theory
When Tether prints new USDT the price of BTC rises.
When Tether burns USDT the price of BTC goes down.
Idea
Open a long position when Tether starts printing new USDT.
Close a long position when Tether begins to burn USDT.
Optional: open a short position.
(Short positions can be disabled in this script's settings.)
Donchian Channel
USDT changes frequently and almost every day. Therefore it is necessary to reduce the number of signals. This way there will be less false loss signals. The Donchian channel is well suited for this task.
If the amount of USDT has exceeded the maximum for the last 50 days, it is a signal to open a long position.
If the amount of USDT has become less than the minimum over the last 50 days, it is a signal to close a long position. Or to open a short position.
The number of days can be changed in the settings of this script.
Data
The data is only available for 1-day timeframe. The data provider is Glassnode.
For
Only for BTC /USD (or BTC /USDT, BTC/USDC , etc)
For 1 day timeframe only
When Tether prints new USDT the price of BTC rises.
When Tether burns USDT the price of BTC goes down.
Idea
Open a long position when Tether starts printing new USDT.
Close a long position when Tether begins to burn USDT.
Optional: open a short position.
(Short positions can be disabled in this script's settings.)
Donchian Channel
USDT changes frequently and almost every day. Therefore it is necessary to reduce the number of signals. This way there will be less false loss signals. The Donchian channel is well suited for this task.
If the amount of USDT has exceeded the maximum for the last 50 days, it is a signal to open a long position.
If the amount of USDT has become less than the minimum over the last 50 days, it is a signal to close a long position. Or to open a short position.
The number of days can be changed in the settings of this script.
Data
The data is only available for 1-day timeframe. The data provider is Glassnode.
For
Only for BTC /USD (or BTC /USDT, BTC/USDC , etc)
For 1 day timeframe only
Script de código abierto
Siguiendo fielmente el espíritu de TradingView, el autor de este script lo ha publicado en código abierto, permitiendo que otros traders puedan entenderlo y verificarlo. ¡Olé por el autor! Puede utilizarlo de forma gratuita, pero tenga en cuenta que la reutilización de este código en la publicación se rige por las Normas internas. Puede añadir este script a sus favoritos y usarlo en un gráfico.
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.