OPEN-SOURCE SCRIPT

kimchi(korea) premium percent - bithumb btc / binance btc

已更新

This script was created to confirm the fear of kimchi premium in the cryptocurrency market.

The basic operation formula is as follows.

premium(percent) = (BTC KRW - (BTC USDT x USD KRW) / (BTC USDT x USD KRW)) x 100

By calculating the premium, you can check melt up rally.

Looking at the chart, when kimchi's premium reaches 6-8 percent, BTC faces great volatility (mainly downside).

So, a color warning was made for values outside of -2~2%, which is the general kimchi premium (can be changed in settings).

Also, a zero line has been added for readability.

Also, a color change has been added to the ema to see if the value of each market moves in the opposite direction based on the previous candle's closing price. If the two markets move separately, the ema is colored red.

I think this script is a very simple indicator.
It is usually recommended to get value in a large time frame.

Thank you.

版本注释

Upbit chart is updated in Trading View to change the symbol.

版本注释

- The default color of each section has been changed.
blue: below 0
green: 0~2
red: above 2

- style change
line -> colums

- new function
value table

版本注释

- Change table location.
- Added variables for the interval to find the maximum and minimum

版本注释

I used binanceus usdt in the calculation, but it looks like there is a problem. If you need it later, you can manage it separately in the input.

版本注释

color input added