PROTECTED SOURCE SCRIPT
Coinbase Premium Index
Coinbase Premium Index
This indicator tracks the price premium or discount of Bitcoin on Coinbase relative to Binance, providing insights into institutional demand and market sentiment.
How It Works:
- Compares BTC/USD price on Coinbase vs BTC/USDT on Binance
- Calculates the price differential in real-time
- Displays as a histogram with positive (green) or negative (red) values
- Offers both percentage and dollar-based views
Key Features:
- Dual Display Modes: Switch between percentage and dollar premium
- Color-Coded Histogram: Green bars indicate Coinbase premium, red bars show discount
- Real-Time Data: Uses live price feeds from both exchanges
- Clean Visualization: Easy-to-read histogram format in separate pane
Market Implications:
- Positive Premium (Green): Coinbase trading higher = potential institutional buying pressure
- Negative Premium (Red): Coinbase trading lower = possible institutional selling or retail dominance
- Magnitude Matters: Larger premiums/discounts suggest stronger sentiment shifts
- Divergence Signals: Premium changes can precede price movements
Use Cases:
- Gauge institutional vs retail sentiment
- Identify potential trend reversals
- Confirm breakout strength
- Monitor smart money flow
Settings:
- Display Mode: Choose between "Percentage" or "Dollar" view
This indicator tracks the price premium or discount of Bitcoin on Coinbase relative to Binance, providing insights into institutional demand and market sentiment.
How It Works:
- Compares BTC/USD price on Coinbase vs BTC/USDT on Binance
- Calculates the price differential in real-time
- Displays as a histogram with positive (green) or negative (red) values
- Offers both percentage and dollar-based views
Key Features:
- Dual Display Modes: Switch between percentage and dollar premium
- Color-Coded Histogram: Green bars indicate Coinbase premium, red bars show discount
- Real-Time Data: Uses live price feeds from both exchanges
- Clean Visualization: Easy-to-read histogram format in separate pane
Market Implications:
- Positive Premium (Green): Coinbase trading higher = potential institutional buying pressure
- Negative Premium (Red): Coinbase trading lower = possible institutional selling or retail dominance
- Magnitude Matters: Larger premiums/discounts suggest stronger sentiment shifts
- Divergence Signals: Premium changes can precede price movements
Use Cases:
- Gauge institutional vs retail sentiment
- Identify potential trend reversals
- Confirm breakout strength
- Monitor smart money flow
Settings:
- Display Mode: Choose between "Percentage" or "Dollar" view
Script protegido
Esse script é publicada como código fechado. No entanto, você pode usar ele livremente e sem nenhuma limitação – saiba mais aqui.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.
Script protegido
Esse script é publicada como código fechado. No entanto, você pode usar ele livremente e sem nenhuma limitação – saiba mais aqui.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.