We believe this is one of the most important tools in a trader’s arsenal. Why is that? In order to sell something, you need someone to buy it from you. If an average trader with average equity sells or buys, it will have no effect on the balance of the market. But if there is more than average selling/buying, and not just in one asset, but in the whole group, then it is noticeable.
Market Delta shows the flow of capital between groups and helps the trader identify where there is an opportunity to make a profit while the market is out of balance.
Market Delta is composed of two blocks:
By default, all the index groups available for analysis are displayed on the chart, namely
You can add and remove index groups from the chart. Simply click on the check box next to the index name. The index color corresponds to the line color on the chart.
The chart settings also include switching data between volume and quantity, the timeframe, and enabling the Balance or Delta mode for visual assessment of the correlation.
You can toggle the common axis mode on and off for easier analysis. It allows you to change the minimum and maximum values on the charts. When the common axis mode is on, the scale is the same for all charts and the most volatile asset is the most prominent. If the mode is deactivated, the charts are “stretched” in height and it is possible to study the volatility of the indicator in detail.
You can also analyze the assets of each index group separately by clicking on the tab with the group name.
The calculated Delta and Balance values are displayed in the table below the chart and can be visualized on the chart. To add an asset to the chart, click on the Ticker name in the table.
We have had a quick look at what the tool consists of. Now let’s take a closer look at what happens to the balance of an individual asset when there are more buy/sell transactions than usual.
Let’s take a look at the chart and explain in simple terms what it means: visualising the Delta and Balance of a market or a single asset.
The chart below shows that:
The index is high and buyers need more money to push the price up. But since Market Delta is an auxiliary tool, let’s look at what happened on the cluster chart in RTT.
Buyers are noticeable at the moment by Delta, but as we remember: they need more money to move up and we also see sales following. We, therefore, expect a shift in the balance of forces and prepare to open a short (see below).
After our analysis, the price was down 3.5%. So, what happened to the index?
The index began to fall, as did the price. Sellers started to discount volumes.
This example of using Market Delta on the BTC/STB group shows that this tool is a very powerful addition to your analysis. You can use it to determine the most profitable time to enter a trade.
But remember that you can analyze not only BTC but the entire market of altcoins to the stables or any ticker separately.
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.