Tether USDT Dominance

This indicator displays Tether (USDT) dominance as a MACD-style oscillator, using data from the CRYPTOCAP:USDT.D symbol. It includes:

MACD Line: Blue line showing the difference between fast and slow EMAs (default periods: 12/26).
Signal Line: Orange line as the SMA of the MACD (default period: 9).
Histogram: Columns with fading transparency—full color (green for positive, red for negative) when bars grow, semi-transparent when they shrink, indicating momentum changes.
Zero Line: Dotted gray line for reference.

Users can customize EMA and signal periods in the settings. Add to the bottom panel for crypto market analysis, where falling USDT dominance often signals altcoin rallies. Data fetched via TradingView's built-in security function. No alerts or trading signals included.