True Bitcoin Dominance

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This indicator calculates Bitcoin's actual market dominance by excluding major stablecoins (USDT, USDC, BUSD, DAI) to show BTC's real market influence. It provides a more accurate representation of Bitcoin's dominance in the active trading market by removing stable assets.
Features:

Removes stablecoins' market cap for accurate dominance calculation
Custom color scheme: Green (#26a79b) for bullish and Red (#ef5351) for bearish candles
Based on CRYPTOCAP:BTC.D data
Non-repainting indicator using OHLC data
Helps traders identify true Bitcoin market cycles and dominance trends

Use this tool to better understand Bitcoin's actual market strength relative to other cryptocurrencies without stablecoin distortion.