This article explores the BUSD/USDT Premium Indicator, a tool designed to visualize price discrepancies between Binance USD (BUSD) and Tether (USDT) through a candlestick chart. Developed by Yonggg92, it helps traders identify arbitrage opportunities and assess market sentiment around stablecoin parity.
Key Features
Candlestick Visualization:
- Displays the premium/discount of BUSD relative to USDT, converted to USD value.
- Each candle represents price divergence over a selected timeframe.
Real-Time Data:
- Upper-right section: OHLC (Open, High, Low, Close) values for live tracking.
- Lower-right section: Cumulative count of met conditions (e.g., premium thresholds).
Practical Application:
- Detects periods where BUSD trades at a premium or discount to USDT.
- Useful for evaluating market reactions to events (e.g., BUSD depegging concerns).
How to Use the Indicator
- Step 1: Add the script to your TradingView chart.
Step 2: Monitor candle patterns:
- Green candles: BUSD is priced higher than USDT.
- Red candles: BUSD is priced lower than USDT.
- Step 3: Combine with volume analysis to confirm trends.
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FAQs
1. Why does BUSD/USDT premium occur?
Stablecoin premiums arise from supply-demand imbalances, exchange liquidity variations, or market sentiment shifts.
2. Is this indicator free to use?
Yes. While the script is closed-source, it’s accessible without restrictions.
3. How reliable is this tool for trading?
It highlights opportunities but should be paired with risk management—stablecoins can deviate from $1 during volatility.
Disclaimer
This content is for educational purposes only. TradingView does not endorse trading decisions based on this indicator. Always consult the Terms of Use.
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