OPEN-SOURCE SCRIPT
מעודכן 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.*
הערות שחרור
New Version changed Kraken - Bybit.הערות שחרור
V2 update - added OKX as the simple average calculation.הערות שחרור
New version collab w/ zenonzoomzoomzoomהערות שחרור
Updating the chart -סקריפט קוד פתוח
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.
- Unknown Player 2
כתב ויתור
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.
סקריפט קוד פתוח
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.
- Unknown Player 2
כתב ויתור
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.