OPEN-SOURCE SCRIPT
Обновлено Tether Printer
Tether Printer — Stablecoin Mint/Burn Histogram
Tether Printer tracks changes in USDT market cap and displays them as a histogram. Green bars mean Tether minted new USDT — fresh liquidity entering the crypto ecosystem. Red bars mean USDT was burned or redeemed — capital leaving. The height of each bar shows the size of the print. When the printer runs hot, crypto tends to follow.
The logic is simple. The indicator pulls the USDT market cap via CRYPTOCAP:USDT and calculates the bar-over-bar change. A positive delta means more USDT exists now than it did one bar ago — that's a mint. A negative delta means supply contracted — that's a burn. No complicated math, no lagging signals, just raw supply changes visualized as a histogram.
A gold SMA line smooths the noise to reveal the trend. When the SMA is above zero and rising, Tether is net printing over time — a tailwind for crypto prices. When the SMA dips below zero, net redemptions are underway and liquidity is draining. The SMA length is configurable (default 14 periods) so you can tune it to your preferred timeframe.
The configurable threshold lets you filter for significant prints only. Set it to 100M on a daily chart and only mints or burns above $100 million will appear at full brightness — everything below gets dimmed. Triangle markers flag significant events so they're visible at a glance even when scrolling through history. Set it to zero to see every change.
The info table in the corner shows the current state at a glance: whether the last bar was a MINT or BURN and the dollar amount, current market cap, SMA trend value, consecutive mint or burn streak count, and net flow over the last 30 bars. A 12-bar mint streak with +3.8B net 30-day flow tells a very different story than a 5-bar burn streak with negative net flow.
The indicator is not limited to USDT. Change the ticker input to CRYPTOCAP:USDC to track Circle's stablecoin, or CRYPTOCAP:FDUSD for First Digital. Any stablecoin with a market cap ticker on TradingView works.
Four alert conditions are included: significant mint, significant burn, any mint, and any burn. Set up alerts on a daily chart and you'll get notified the moment Tether fires up the printer.
Best used on a daily or 4-hour chart overlaid below BTC. When the histogram goes green and stays green, pay attention — the money printer is telling you something the price chart hasn't shown yet.
Tether Printer tracks changes in USDT market cap and displays them as a histogram. Green bars mean Tether minted new USDT — fresh liquidity entering the crypto ecosystem. Red bars mean USDT was burned or redeemed — capital leaving. The height of each bar shows the size of the print. When the printer runs hot, crypto tends to follow.
The logic is simple. The indicator pulls the USDT market cap via CRYPTOCAP:USDT and calculates the bar-over-bar change. A positive delta means more USDT exists now than it did one bar ago — that's a mint. A negative delta means supply contracted — that's a burn. No complicated math, no lagging signals, just raw supply changes visualized as a histogram.
A gold SMA line smooths the noise to reveal the trend. When the SMA is above zero and rising, Tether is net printing over time — a tailwind for crypto prices. When the SMA dips below zero, net redemptions are underway and liquidity is draining. The SMA length is configurable (default 14 periods) so you can tune it to your preferred timeframe.
The configurable threshold lets you filter for significant prints only. Set it to 100M on a daily chart and only mints or burns above $100 million will appear at full brightness — everything below gets dimmed. Triangle markers flag significant events so they're visible at a glance even when scrolling through history. Set it to zero to see every change.
The info table in the corner shows the current state at a glance: whether the last bar was a MINT or BURN and the dollar amount, current market cap, SMA trend value, consecutive mint or burn streak count, and net flow over the last 30 bars. A 12-bar mint streak with +3.8B net 30-day flow tells a very different story than a 5-bar burn streak with negative net flow.
The indicator is not limited to USDT. Change the ticker input to CRYPTOCAP:USDC to track Circle's stablecoin, or CRYPTOCAP:FDUSD for First Digital. Any stablecoin with a market cap ticker on TradingView works.
Four alert conditions are included: significant mint, significant burn, any mint, and any burn. Set up alerts on a daily chart and you'll get notified the moment Tether fires up the printer.
Best used on a daily or 4-hour chart overlaid below BTC. When the histogram goes green and stays green, pay attention — the money printer is telling you something the price chart hasn't shown yet.
Информация о релизе
Tether Printer tracks changes in stablecoin market cap and displays them as a histogram. Green bars are newly minted stablecoins (liquidity entering crypto). Red bars are burned or redeemed (liquidity leaving). The SMA smooths noise to show whether the trend is net printing or net burning. Bars exceeding the significance threshold (default 500M on daily) render at full brightness with triangle markers. Bars below threshold are dimmed so only major prints stand out.Multi-Stablecoin Mode sums two tickers into a single combined flow reading. Default pairing is USDT plus USDC which covers roughly 90 percent of total stablecoin supply. The secondary ticker is configurable. When enabled the table header shows MULTI and market cap reflects the combined total. Percentage Mode normalizes the delta relative to total supply so prints are comparable across different market cap eras. The threshold adapts to whichever mode is active.
The info table has five rows. Header shows current bar status (MINT, BURN, or FLAT) with the delta value. Market cap and SMA trend with conditional coloring. Consecutive streak count alongside net 7-day flow. Net 30-day flow alongside cumulative net flow since chart start. Significant event counters showing total mints and burns that exceeded the threshold since the left edge of the chart.
Six alerts are available: significant mint, significant burn, any mint, any burn, and sustained streak alerts that fire once when minting or burning reaches five consecutive bars. All messages include ticker and interval. Best on daily or 4H for macro context. Works on any timeframe.
Скрипт с открытым кодом
В истинном духе TradingView, создатель этого скрипта сделал его открытым исходным кодом, чтобы трейдеры могли проверить и убедиться в его функциональности. Браво автору! Вы можете использовать его бесплатно, но помните, что перепубликация кода подчиняется нашим Правилам поведения.
Отказ от ответственности
Информация и публикации не предназначены для предоставления и не являются финансовыми, инвестиционными, торговыми или другими видами советов или рекомендаций, предоставленных или одобренных TradingView. Подробнее читайте в Условиях использования.
Скрипт с открытым кодом
В истинном духе TradingView, создатель этого скрипта сделал его открытым исходным кодом, чтобы трейдеры могли проверить и убедиться в его функциональности. Браво автору! Вы можете использовать его бесплатно, но помните, что перепубликация кода подчиняется нашим Правилам поведения.
Отказ от ответственности
Информация и публикации не предназначены для предоставления и не являются финансовыми, инвестиционными, торговыми или другими видами советов или рекомендаций, предоставленных или одобренных TradingView. Подробнее читайте в Условиях использования.