This indicator compares the change in stable-coin market caps and total crypto market cap and then using those comparisons creates an index from 0 to 100. When the index spikes and tags the upper or lower threshold levels, it is assumed that a significant inflow or outflow (respectively) of fiat in the crypto space has occurred.
Note: The data of this indicator is independent of price action. It looks only at total market cap and stablecoin market caps to derive its data points.
This script is published closed-source and you may privately use it freely.
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