OPEN-SOURCE SCRIPT
Crypto USDT Volume
Script Title: USDT Volume
This TradingView indicator calculates a volume metric weighted by price, referred to as "Money." It works by first computing the typical price for each bar as the average of the open, high, low, and close prices. Multiplying this typical price by the bar's volume yields the Money value, which serves as a proxy for the dollar (or USDT) flow during that period.
To improve readability, the script dynamically adjusts the units based on recent data. It examines the highest Money value over the past 100 bars and applies a scaling factor:
Values above 1e9 are scaled to billions (B),
Above 1e6 to millions (M),
Above 1e3 to thousands (K),
Otherwise, no scaling is applied.
The indicator plots these scaled Money values as a column chart. It uses TradingView's default colors—green for bullish bars (where the open is less than the close) and red for bearish bars. Additionally, a label is updated on the last bar to display the current unit used for scaling.
Overall, this script provides a visually intuitive way to track and compare the volume-weighted money flow, making it easier to analyze market activity.
This TradingView indicator calculates a volume metric weighted by price, referred to as "Money." It works by first computing the typical price for each bar as the average of the open, high, low, and close prices. Multiplying this typical price by the bar's volume yields the Money value, which serves as a proxy for the dollar (or USDT) flow during that period.
To improve readability, the script dynamically adjusts the units based on recent data. It examines the highest Money value over the past 100 bars and applies a scaling factor:
Values above 1e9 are scaled to billions (B),
Above 1e6 to millions (M),
Above 1e3 to thousands (K),
Otherwise, no scaling is applied.
The indicator plots these scaled Money values as a column chart. It uses TradingView's default colors—green for bullish bars (where the open is less than the close) and red for bearish bars. Additionally, a label is updated on the last bar to display the current unit used for scaling.
Overall, this script provides a visually intuitive way to track and compare the volume-weighted money flow, making it easier to analyze market activity.
开源脚本
本着TradingView的真正精神，此脚本的创建者将其开源，以便交易者可以查看和验证其功能。向作者致敬！虽然您可以免费使用它，但请记住，重新发布代码必须遵守我们的网站规则。
免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。
免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。