OPEN-SOURCE SCRIPT
Updated Coinbase Premium Index
The Coinbase Premium Index is a measure of the percentage difference between the price of any coin on Coinbase Pro (USD pair) and the price on Binance (USDT trading pair). It helps differentiate between global and US-specific market sentiment
Major benefits:
Major benefits:
- Choose between USD or USDC for the Coinbase pair — they can behave differently in rare but actionable situations.
- Apply it to any coin, not just BTC. Open any USDT-based chart on any exchange, and the script will automatically compare it with Coinbase’s USD or USDC price.
- Highlight only active U.S. trading hours, cutting out irrelevant noise.
- Display key thresholds that signal buying or selling pressure.
Release Notes
The Coinbase Premium Index is a measure of the percentage difference between the price of any coin on Coinbase Pro (USD pair) and the price on Binance (USDT trading pair). It helps differentiate between global and US-specific market sentimentMajor benefits:
- Choose between USD or USDC for the Coinbase pair — they can behave differently in rare but actionable situations.
- Apply it to any coin, not just BTC. Open any USDT-based chart on any exchange, and the script will automatically compare it with Coinbase’s USD or USDC price.
- Highlight only active U.S. trading hours, cutting out irrelevant noise.
- Display key thresholds that signal buying or selling pressure.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.