Showing posts with the label market breadth dashboard

Crypto Market Barometer released on

  Crypto Market Barometer released Today I published my simple but easy-to-read Crypto Market Barometer on our website Click here to get to the new Crypto Market Barometer. This is how the main chart looks like: What's behind the new Crypto Market Barometer We believe that one simple but effective method of gauging the health of a market is to look at how many of the most important individual assets trade above their important SMAs. Since SMAs are a proven way of determining the current trend, a market must be in an uptrend, if more than 50% of its biggest assets trade above their long-term SMAs. If they trade below their long-term SMAs, they must be in a downtrend. For the crypto market, I decided to check the popular BitPanda Crypto Index BCI10. It contains the 10 biggest crypto currencies by market capitalization, and frankly, by only looking at BitCoin, Ethereum, Polkadot and maybe Binance, we already have most of the market covered (again, in

Milestone complete - automated charting for all indices done

Milestone reached! That was fast! After a couple of hours, the automated charting for all indices, including their prices and their market breadth indicators, is complete. My updated tool stack will now produce an interactive chart dashboard per index on demand. Zooming, scrolling etc. is possible. All charts within one dashboard share the same x axis (date).   And the best: In contrast to the existing data dashboard, the new charting stuff does not require a (time-series) database, thus giving me a smaller footprint regarding cpu and memory. So, what are the next steps? Next, I want to add an automated image export for all index chart dashboards. Those images shall be produced daily and be uploaded to a very simple website presenting those images. This would provide everyone with the possibility to view market breadth data for every index I have in my collection, including crypto indicies. In the (not so) distant future, I want to add even more crypto indices. Maybe I might also add E

Market breadth charting and automated updates - progress report

I started working on two different solutions for automatically charting all the breadth indicators for an index, including the ability to automatically proce an image (PNG) export so it can be uploaded automatically to a simple website. My first approach was to export snapshots (as screenshots) from my data dashboards. This would still be a valid solution. My second attempt, the one I am currently working on, is to produce all the charts myself. The advantage here is that I do not have to rely on my previous dashboard tool which also shows non-trading days, thus deforming the charts. The image below is an export of my first attempt to create an all-in-one "chart dashboard" with all the market breadth indicators. It works better than I thought. The graphic below is actually a working interactive charting dashboard, so one can slide through time and zoom in etc. However, I don't think I will present the results as an interactive chart, because this would mean that I need ev