Summary of the "Coinbase/Binance Premium Histogram" Indicator:
The "Coinbase/Binance Premium Histogram" is a custom indicator developed for trading platforms that support the Pine Script language, primarily TradingView. Its primary function is to visualize the price differential or "premium" between Bitcoin's (BTC) price on two major exchanges: Coinbase and...
Shows what we at TRI call the institutional bias, i.e. a bull bias when 9 ema is above 18 ema and a bear bias when the 9 ema is below the 18 ema.
Plots the 9 and 18 ema, and fills the background green when the institutional bias is bullish and red when it is bearish.