Volumes are an essential part of market analysis. It is very good if you can analyze the volume of one exchange, but it is even better if you can look at data from all exchanges. To do this, we have created a Market Stat tool that allows you to see aggregated volumes, delta, market balance and assess liquidity.
The Market Stat tool consists of three blocks:
The indicators in each block are aggregated. Their values include data from many exchanges. The following types of data are visualized:
The following index groups are available for analysis:
Now let’s take a closer look at what useful information we can get from each block.
These charts are used to assess the overall market picture. The average balance shows which asset group is currently in demand among active participants. The balance can be used to determine the capital flow from group to group. The delta shows in more detail the size of the overshoot and the direction of the capital flow.
The indicator is calculated in % of the index groups based on the balance between buys and sales.
Market Stat charts have a scale with left and right markings. Marking to the left shows the histogram values and the marking to the right shows the average balance values.
This block helps you visually determine the level of interest in a particular group in comparison. The multiline chart and pie chart show the total volume of all asset groups.
All the same, indexes are available for analysis, as well as data types by volume and quantity.
This block helps you visually determine the level of interest in a particular group in comparison.
The chart visualizes the total volume of transactions. The line chart (blue line) shows the average balance. The scale marking to the left shows the volume values, and the marking to the right shows the average balance values.
The chart shows the Delta and the average balance:
The fact that selling clearly dominates buying suggests that selling will continue.
Let’s look for arguments in the cluster chart as well. As we can see, the main Binance exchange is experiencing heavy overnight selling. That’s two arguments in favor of continuing the decline. Let’s see the result.
The decline was more than 3% in a short period.
And also look at the block of Comparison of volumes and how the volume dynamics have changed.
This again suggests that you should always enter when volatility is low and exit when volatility is high.
If you have aggregated data, you can quickly assess the current market situation. This is exactly what the Market Stat helps us with! You can learn more about how to use the tool in the 13th lesson of the second level of training.
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.
FTT is so useful for working in the market that at some point a trader may call it the grail. We recommend that you study the tool and understand its usefulness in order to use the FTT for its intended purpose.