FTT – a tool for finding reversal accumulations

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 nature and settings of FTT

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:

• Exchange
• Unified ticker
• Direction (where accumulation was found: bottom or top)
• Data type
• Timeframes
• Index group
• 24h volume (in BTC)

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.

FTT Index

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.

Using the tool

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.

How to use FTT in Screener

In order to quickly and efficiently evaluate the ideas from the FTT, we suggest using the FTT in the Screener. To use it, go to the tab Platform – Screener – FTT.

Let’s talk about the settings:

• Indexes – selection of a group of tickers by which the search will be done
• Exchanges – selection of one or more exchanges for analysis
• Ticker – any ticker or pair
• Volume from – the value from which the search will be done
• Volume to – the value to which the search will be done
• Price change from – price change in % for 24 hours, from which the search will be done
• Price change before – price change in % for 24 hours, before which the search will be
• Direction – shows in which part of the bar there is an accumulation of volume
• TF – timeframe, where an accumulation of volume is
• Sorting from A to Z – sorting assets alphabetically

Let’s look at examples of search results. Parameters: Binance and Bybit exchanges, timeframe –1 hour, direction – accumulations at the top.

The accumulation at the top of the ACH asset is immediately noticeable. If there are sales on the market, such an asset can be considered for trade.

One more example. Parameters: ALT/STB index, OKEX, and Huobi exchanges, timeframe – 15 minutes, direction – accumulations at the bottom.

In this case, the LUNC/USDT asset stands out very firmly. These coins are best for selecting in the growing market, and the more accumulation of volumes at the bottom – the better.

Thanks to the FTT in Screener, you can quickly and efficiently select long and short assets for the middle term and intraday.

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.