OPEN-SOURCE SCRIPT
Crypto Total Market Cap, Exclude Tether, (USD)
Total cryptocurrency market capitalization without tether, with alerts for chosen value thresholds.
The rationale is that tether is a printed supply stable coin with a fixed value; there is no need to include its value in a combined market cap. It's debatable if that's true, but that doesn't explain what this indicator is.
The second part of this indicator is highlighted when the aforementioned adjusted market cap is above or below certain values. They are round numbers; a psychological factor. A psyop, if you will.
Options to configure are the lower and upper bound and colors. The alerts must be manually turned on, as usual.
The rationale is that tether is a printed supply stable coin with a fixed value; there is no need to include its value in a combined market cap. It's debatable if that's true, but that doesn't explain what this indicator is.
The second part of this indicator is highlighted when the aforementioned adjusted market cap is above or below certain values. They are round numbers; a psychological factor. A psyop, if you will.
Options to configure are the lower and upper bound and colors. The alerts must be manually turned on, as usual.
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.