PhiChris

BTC World Volume (Multi-Exchange)

Release: 2018-03-29

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WHAT IT DOES

Bitcoin is listed on multiple exchanges. Many people have called for a single global index that would quote BTC volume across all exchanges: this script is such a virtual volume aggregate of the 17 largest fiat exchanges on TradingView (listed in the script comments, and in Format > Inputs for you to select). It includes USD, EUR, JPY, KRW and USDT sources.

It will, independently for each tick, quote the volume from all selected exchanges and display a stacked representation, freely inspired from CoinMarketCap charts; also a Moving Average. Each fiat/continent has its own general color, to be able to quickly glance at where volume is coming from, e.g. BitMEX or Asia. (colors are based on Google's Material Design).

By default:
  • Grey: BitMEX
  • Green: USD
  • Yellow: Tether (USDT)
  • Red: Asia (JPY, KRW )
  • Blue: Europe (EUR)

No more "on Coinbase this" or "on Bitstamp that", you've now got a global overview! It becomes easy to debunk a few common myths.

See CoinMarketCap for reference.
Note: Bitmex is not taken into account in CoinMarketCap (afaik) since it's trading a derivative asset ( XBTUSD contracts), but it usually amounts to ~50% of the overall BTC volume in USD value. The 16 other exchanges quote their volume in BTC , and they represent 30~40% of the overall BTC volume . I believe the whole is good enough to smooth out exchanges variations, and get a fair representation of real-time activity.

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HOW TO USE IT

Just add it to your chart, it will appear as a separate indicator. By default, it appears as stacked colored "areas". There is also a total volume Histogram, which is transparent by default: you can tweak that in Format > Style.

The darker and lighter backgrounds are respectively indicative of a downward price candle (open > close), or an upward price candle (close > open). They are unrelated to volume and simply help interpreting the indicator.

  • You can check/uncheck exchanges in the Format > Inputs tab to remove/add some of them from computation. All are enabled by default.
  • You can check/uncheck exchanges in the Format > Style tab to hide them (usually you would hide all or none).
  • You can edit colors and transpareny as well for each exchange.
  • You can edit "Volume histogram" transparency to have it show (it's a simpler representation than areas).
  • Moving Average: You can select the type ( SMA , EMA , DEMA or TEMA ) and length.

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Please leave feedback below or pm me directly for bugs and suggestions.
Release Notes: Minor improvements to the code. No functionality change.
Release Notes: Better picture (chart at the top of this page).


For reference, here are the exchanges quoted in this script, sorted by volume (Total: >38.38% of reported volume on CoinMarketCap, 2018-03-11)

Rank Exchange Vol% TV TICKER Start Date Currency Continent
01 Bitmex (~50%) BITMEX:XBTUSD 17/01/01 USD America
02 Bitfinex 10.75% BITFINEX:BTCUSD 13/03/31 USD America
03 Binance 6.40% BINANCE:BTCUSDT 17/08/17 USDT Tether
04 bitFlyer 3.55% BITFLYER:BTCJPY 15/06/24 JPY Asia
05 Bithumb 3.26% BITHUMB:BTCKRW 13/12/27 KRW Asia
06 Coinbase 3.00% COINBASE:BTCUSD 14/12/01 USD America
07 Bitstamp 2.84% BITSTAMP:BTCUSD 11/08/18 USD America
08 Kraken 2.09% KRAKEN:XBTUSD 13/10/06 USD America
09 Kraken 1.97% KRAKEN:XBTEUR 13/09/10 EUR Europe
10 HitBTC 0.87% HITBTC:BTCUSD 13/12/27 USD America
11 Bittrex 0.70% BITTREX:BTCUSDT 15/12/12 USDT Tether
12 Bitfinex 0.60% BITFINEX:BTCEUR 17/11/14 EUR Europe
13 Poloniex 0.59% POLONIEX:BTCUSDT 15/02/19 USDT Tether
14 Bitstamp 0.55% BITSTAMP:BTCEUR 16/04/16 EUR Europe
15 Coinbase 0.51% COINBASE:BTCEUR 15/04/23 EUR Europe
16 CEX.io 0.36% CEXIO:BTCUSD 14/07/18 USD America
17 Korbit 0.34% KORBIT:BTCKRW 13/09/03 KRW Asia
Release Notes: Minor improvements to the code.
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1. Changed transparency of all plots to 0 (i.e. fully opaque), except the first (BitMEX).

2. Re-ordering of plots in Format > Style, hopefully easier to navigate.

3. Histogram bars (Total Volume) are now thicker. Still hidden (fully transparent) by default.

4. Better descriptions in Format > Style:
  • "Total Volume" (was formerly "Volume Histogram").
  • "Background: Price Down (Color 0) or Up (Color 1)" (was formerly "Background").
  • "Moving Average" (was formerly "plot").
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Comments

This is great, thanks!
+1 Reply
Great work!!!
+1 Reply
PhiChris D-tech
@D-tech, Thank you!
+1 Reply
Excellent work..... It would be great if you can indicate the Bitmex volume in color (red/green) as per the direction 👍
Reply
Excellent Work
Reply
awesome .. thank you man .. do you have same indicator for ltc and eth ?
Reply
Wonderful! Thank you.
Reply
Thank you for your work and I have question this is showing volume in btc not usd?
Reply
Sbaej Sbaej
@Sbaej, because my volume chart is showing that on 24 july was higher volume than on 20 november on bitmex but you indactaor is showing something else
Reply
thanks a lot.
Reply
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