FTT is so useful in the market that a trader might call it a Holy Grail. But remember, a hammer is perfect for hammering nails and it’s completely useless for tightening nuts. That’s why we recommend that you explore the tool and understand its usefulness so that you can use the FTT for its intended purpose.
The FTT (short for Full Tail Turn) is a tool for quickly finding reversal accumulations throughout the market.
A reversal accumulation (or reversal formation) is an accumulation at an extremum (at the bottom or top of a bar). The extremum is the maximum. If the price has been rising, the extremum is at the top; if it has been falling, it is at the bottom.
The tool consists of a table with settings, the accumulation zones on the cluster chart, and the chart of the FTT Index.
The table of accumulations found for the assets is updated every 5 minutes.
In the table settings you can add or hide columns to be displayed in the table:
The data in the table can be filtered using the Filter button. There are “From” and “To” filters for the numerical values.
To view the accumulation zones in the cluster chart, click on the Unified ticker button in the table. The cluster chart will show lines highlighting the bars where the accumulation has been detected. If the bar is red, the accumulation has been detected at the top of the bar; if the bar is green, the accumulation has been detected at the bottom of the bar.
Important! >The algorithm is not only interested in the accumulation, but also in the accumulation after which the participants were not able to push the price far.
The FTT index is a supplement to the FTT tool, which shows aggregated data for the entire market. It is presented as a histogram chart.
A red histogram indicates that there is a lot of accumulation at the top of the bars. It may indicate pressure from the sell limits.
The green histogram indicates that there is a lot of accumulation at the bottom of the entire market. Many assets are holding the price from the bottom, suggesting that buyers are active.
Let’s analyze the example of the application of the tool. On the chart below, you can see that FTT has shown three times that there is an accumulation of orders at the top of the cluster bars and that the price cannot go further. As a result, the price dropped.
Below is an example of the reverse situation where the FTT shows an accumulation of orders on the bottom. This is followed by a rise in the asset.
When the overall market is rising or falling, the FTT becomes a powerful tool for identifying ideas for long or short positions.
You can learn more in the second level of our online university or you can use our mentoring service and have the FTT tool explained to you individually by our trusted author Resonance.
For the successful work of a trader, it is necessary to evaluate volumes. We have created a Market Stat tool that aggregates data from all exchanges and visualizes volumes, delta, and market balance to assess liquidity.
How is it possible to find a larger-than-usual limit among hundreds or thousands of pairs? It is physically impossible for a human to do that. That is why we have created an algorithm that makes it possible since it has "all the moves written down".
The task of the Speed Print tool is to track the increase in the speed of market orders across all tapes and report who is currently above average. It monitors all pairs and reports when the average value of the number of orders is exceeded.