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

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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.
릴리즈 노트: Upbit chart is updated in Trading View to change the symbol.
오픈 소스 스크립트

진정한 TradingView의 정신에 따라, 이 스크립트의 작성자는 스크립트를 오픈소스로 게시했기에 거래자들이 이해하고 확인할 수 있습니다. 작가님께 건배! 스크립트를 무료로 사용할 수 있지만, 게시물에서 이 코드를 재사용하는 것은 하우스룰을 따릅니다. 당신은 스크립트를 차트에 사용하기 위해 그것을 즐겨찾기 할 수 있습니다.

차트에 이 스크립트를 사용하시겠습니까?


I am sorry that I could not change the title even though the KRW BTC was changed from Bithumb to Upbit.